Formic Acid Market Size 2025-2029
The formic acid market size is forecast to increase by USD 592.9 million at a CAGR of 5.4% between 2024 and 2029.
- The market is experiencing significant growth due to the increasing demand for this compound as a preservative in various industries, including food and beverages, pharmaceuticals, and agriculture. Direct syntheses of formic acid in acidic media have made its production more cost-effective and accessible, expanding its application base. However, the market is not without challenges. The presence of cost-effective substitutes, such as acetic acid and propionic acid, poses a threat to formic acid's market share. To capitalize on the opportunities presented by this market, companies must focus on innovation and differentiation.
- Developing new applications and improving the production efficiency of formic acid can help companies gain a competitive edge. In India, the growing demand for cattle feed has led to the use of formic acid as an animal feed preservative. Additionally, collaborations and partnerships with key players in related industries can provide valuable synergies and expand market reach. Overall, the market offers significant growth potential for companies that can navigate the competitive landscape and address the challenges presented by substitutes.
What will be the Size of the Formic Acid Market during the forecast period?
Request Free Sample
- Formic acid, with the chemical formula HCOOH and recognized as the simplest carboxylic acid and the simplest organic acid, holds a significant position in various industries due to its unique acid properties. This versatile compound is extensively used as a preservative in the dairy sector, livestock feed, and silage preservation. In the energy sector, formic acid is employed as a fuel cell additive, contributing to the reduction of greenhouse gas emissions and carbon footprint, offering sustainable solutions in the context of climate change and the transition away from fossil fuels. Additionally, formic acid plays a crucial role in the production of methanoic acid, transfer hydrogenation, and chemical synthesis.
- Its applications extend to the processed food industry, where it serves as a preservative and antibacterial agent, and in the leather sector, where it is used as a tanning agent and preservative. Furthermore, formic acid is utilized in animal feed, textile dyeing, and rubber production, among other applications. Overall, the market is experiencing strong growth, driven by the increasing demand for sustainable solutions and the versatility of this essential organic acid.
How is this Formic Acid Industry segmented?
The formic acid industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
- Distribution Channel
- End-user
- Agriculture and animal feed
- Leather
- Textile
- Chemicals and pharmaceuticals
- Others
- Grade Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Application
- Animal Feed
- Silage
- Leather tanning
- Textile dyeing
- Geography
- APAC
- Australia
- China
- India
- Japan
- South Korea
- North America
- Europe
- Middle East and Africa
- South America
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period. Formic acid, with the chemical formula HCOOH and simple carboxylic acid structure, is a corrosive organic compound widely used in various industries. This colorless, pungent liquid is employed as an antibacterial agent, silage additive, and animal feedstock. In high concentrations, it undergoes exponential development through processes like Carbonylation of Methanol, Oxidation of Formaldehyde, and Transfer Hydrogenation. Formic acid is integral to industries such as Leather Production, Cleaning Agent, Finishing textiles, and Performance Materials. It's also used in Performance Chemicals, Dispersions and Pigments, Care Chemicals, Industrial Solutions, Surface Technologies, and Agricultural Solutions. Applications include Fluoro Silicone, Hydrogen Peroxide, Hydrogen Gas, Carbon Dioxide, and Hydrogen Storage Processes.
Formic acid plays a role in mitigating climate change by reducing carbon emissions in the Dairy sector and Fuel cells. It's also used in the Livestock industry, Acetic Acid production, and Oil and Gas industries. In the Metallurgy Industry, Leather industry, and Rubber industry, formic acid functions as a carboxylic acid, enhancing the properties of various materials. In household cleaning products and processed food, formic acid serves as a preservative. In agriculture, it's used as a liquid storage and regulatory guideline compliance tool. Formic acid is an occupational hazard substance, and its handling requires adherence to safety guidelines.
Get a glance at the market report of share of various segments Request Free Sample
The Offline segment was valued at USD 1.45 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market size of various regions, Request Free Sample
The market in APAC is projected to experience significant growth due to increasing demand from industries such as rubber, agriculture, leather, and textile, particularly in China and India. The region's low production costs and rapidly expanding market in China are expected to attract substantial investments from major players. APAC holds a prominent position in global rubber production, thereby fueling the demand for formic acid. In India, the growing demand for cattle feed has led to the use of formic acid as an animal feed preservative. In 2024, APAC accounted for the largest share in rubber production.
This market growth is driven by its applications as an antibacterial agent in animal feedstock, leather manufacturing, and cleaning agent in finishing textiles, performance materials, dispersions and pigments, care chemicals, industrial solutions, surface technologies, and agricultural solutions. Formic acid is also used in fluoro silicone, hydrogen peroxide, hydrogen gas, and carbon dioxide production through environmentally friendly processes. The dairy sector, livestock industry, and power application sectors are other significant end-users of formic acid. Despite its corrosive nature as a strong carboxylic acid (HCOOH), formic acid is the simplest carboxylic acid and an essential chemical in various industries.
Its applications extend to the production of methanoic acid, acetic acid, and other industrial chemicals. The market's growth is influenced by regulatory guidelines and safety concerns due to its potential occupational hazard substance status.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise in the adoption of Formic Acid Industry?
- Rising demand for formic acid as a preservative is the key driver of the market. Formic acid plays a crucial role in the production of silage, a process used to preserve green fodder or grass as animal feed during winter months. The primary objective of silage making is to minimize nutrient loss. Formic acid is extensively used in this process due to its excellent preservation capabilities. Although molasses is commonly added to provide energy for lactic acid fermentation, the inclusion of formic acid enhances the fermentation process. The global animal feed industry is experiencing significant growth, driven by the increasing demand for dairy and animal protein products.
- In India, for instance, the feed consumption for cattle exceeds seven million tons annually, leading to substantial compound feed production. Formic acid's application in silage making contributes to the efficiency and effectiveness of the animal feed industry.
What are the market trends shaping the Formic Acid Industry?
- Direct syntheses of formic acid in acidic media are the upcoming market trend. The market is experiencing significant advancements due to the global push towards reducing carbon dioxide emissions. A new CO2 hydrogenation process has emerged, enabling the direct synthesis of formic acid using a homogeneous ruthenium catalyst. This process, carried out in dimethyl sulfoxide (DMSO) and as an aqueous solution, eliminates the need for additives. The market is witnessing the commercialization of various chemical reactions as a result.
- Additionally, the dehydrogenation of catalysts is gaining popularity in the preparation of formic acid. This process allows for the reuse of catalysts in both solvents multiple times without decreasing their synthesis capacity. Overall, these innovations are contributing to the growth and development of the market.
What challenges does the Formic Acid Industry face during its growth?
- The presence of cost-effective substitutes is a key challenge affecting the industry's growth. Formic acid, a colorless, pungent liquid, is widely used in various industries due to its unique properties. However, its high cost has opened the door for cost-effective substitutes, posing a challenge to the market's growth. Some of these substitutes include peptides, microflora enhancers, potassium sorbate, sodium sorbate, and acetic acid.
- Potassium sorbate, a salt of sorbic acid, is commonly used as a food preservative, although formic acid is known to be a more effective preservative. Citric acid, a common substitute in the cosmetics and pharmaceutical industries, can adjust pH levels in a wide range of skin products, replacing formic acid in these applications. These substitutes' affordability and similar functionalities make them attractive alternatives to formic acid, impacting the market's dynamics.
Exclusive Customer Landscape
The formic acid market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the formic acid market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, formic acid market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
BASF SE - The company offers formic acid in Europe under the Protectol FM brand Offers formic acid in Europe under the Protectol FM brand.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- BASF SE
- Eastman Chemical Co.
- GNFC Ltd.
- Joshi Agrochem Pharma Pvt. Ltd.
- Kakdiya Chemicals
- Kemira Oyj
- Luxi Chemical Group Co. Ltd.
- Merck KGaA
- MERU CHEM PVT. LTD.
- NuGenTec
- PETRONAS Chemicals Group Berhad
- Pon Pure Chemicals Group
- ProChem Inc.
- RXChemicals
- Shandong Acid Technology Co. Ltd.
- Shandong Jiuan Chemical Industry Co. Ltd.
- Shijiazhuang Taihe Chemical Co. Ltd.
- Thermo Fisher Scientific Inc.
- Tokyo Chemical Industry Co. Ltd.
- Vizag Chemical International
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
Formic acid, with the chemical formula HCOOH, is a colorless, pungent, and highly corrosive organic compound. It is the simplest carboxylic acid and plays a significant role in various industries due to its unique acid property. Formic acid is widely used in the manufacturing of rubber and serves as an antibacterial agent in animal feedstock. In the rubber industry, it acts as a curing agent and improves the performance of rubber products. In the livestock industry, it is used as an additive to enhance animal health and productivity. Formic acid's acid property makes it an essential component in various industrial processes.
For instance, it is used in the production of oxalic acid through the oxidation of formic acid. This process is environmentally friendly as it replaces traditional methods that involve the use of hazardous chemicals. Moreover, formic acid is used in the production of performance materials and performance chemicals. It is used in the manufacturing of dispersions and pigments, care chemicals, and industrial solutions. In surface technologies, it is used as a finishing textile agent, providing a smooth and even finish to textiles. Formic acid is also used in the leather industry as a preservative and in leather production as a tanning agent.
It is a crucial component in the production of hydrogen peroxide, hydrogen gas, and carbon dioxide through various processes. The use of formic acid is not limited to these industries alone. It is used in the dairy sector as a preservative and in the fuel cells industry as a catalyst. In the power application sector, it is used in the hydrogen storage process. In the agricultural solutions sector, it is used as a silage additive, enhancing the preservation of animal feed. Formic acid's use is expanding exponentially due to its versatility and environmental benefits. However, its highly corrosive nature poses an occupational hazard, and regulatory guidelines are in place to ensure its safe handling and disposal.
Formic acid is used in various grade types, including those for silage additives, textile dyeing, rubber chemicals, pharmaceutical intermediates, and leather and tanning. It is also used in the oil and gas industry, metallurgy industry, and the production of household cleaning products. Formic acid's use in various industries is driven by the need for environmentally safe processes. For instance, it is used as a replacement for fossil fuels in the production of chemical energy, reducing greenhouse gas emissions and carbon emissions. In the dairy industry, it is used as a feed additive to improve animal health and productivity, reducing the need for antibiotics.
Formic acid is a versatile organic compound with a wide range of applications in various industries. Its unique acid property makes it an essential component in the production of various products, from rubber and leather to performance materials and industrial solutions. Despite its highly corrosive nature, its environmental benefits and versatility make it a valuable commodity in the global market.
|
Market Scope
|
|
Report Coverage
|
Details
|
|
Page number
|
209
|
|
Base year
|
2024
|
|
Historic period
|
2019-2023 |
|
Forecast period
|
2025-2029
|
|
Growth momentum & CAGR
|
Accelerate at a CAGR of 5.4%
|
|
Market growth 2025-2029
|
USD 592.9 million
|
|
Market structure
|
Fragmented
|
|
YoY growth 2024-2025(%)
|
5.0
|
|
Key countries
|
China, US, India, Japan, South Korea, Canada, Germany, Australia, UK, and South Africa
|
|
Competitive landscape
|
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
|
Request Free Sample
What are the Key Data Covered in this Formic Acid Market Research and Growth Report?
- CAGR of the Formic Acid industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2025 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the formic acid market growth and forecasting
We can help! Our analysts can customize this formic acid market research report to meet your requirements.
Get in touch
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Formic Acid Market 2019 - 2023
- Historic Market Size - Data Table on Global Formic Acid Market 2019 - 2023 ($ million)
- 5.2 Distribution Channel segment analysis 2019 - 2023
- Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ million)
- 5.3 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 The impact of AI on global formic acid market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Distribution Channel
- 8.1 Market segments
- Chart on Distribution Channel - Market share (2024-2029) (%)
- Data Table on Distribution Channel - Market share (2024-2029) (%)
- 8.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 8.3 Offline - Market size and forecast (2024-2029)
- Chart on Offline - Market size and forecast (2024-2029) ($ million)
- Data Table on Offline - Market size and forecast (2024-2029) ($ million)
- Chart on Offline - Year-over-year growth (2024-2029) (%)
- Data Table on Offline - Year-over-year growth (2024-2029) (%)
- 8.4 Online - Market size and forecast (2024-2029)
- Chart on Online - Market size and forecast (2024-2029) ($ million)
- Data Table on Online - Market size and forecast (2024-2029) ($ million)
- Chart on Online - Year-over-year growth (2024-2029) (%)
- Data Table on Online - Year-over-year growth (2024-2029) (%)
- 8.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)
9 Market Segmentation by End-user
- 9.1 Market segments
- Chart on End-user - Market share (2024-2029) (%)
- Data Table on End-user - Market share (2024-2029) (%)
- 9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 9.3 Agriculture and animal feed - Market size and forecast (2024-2029)
- Chart on Agriculture and animal feed - Market size and forecast (2024-2029) ($ million)
- Data Table on Agriculture and animal feed - Market size and forecast (2024-2029) ($ million)
- Chart on Agriculture and animal feed - Year-over-year growth (2024-2029) (%)
- Data Table on Agriculture and animal feed - Year-over-year growth (2024-2029) (%)
- 9.4 Leather - Market size and forecast (2024-2029)
- Chart on Leather - Market size and forecast (2024-2029) ($ million)
- Data Table on Leather - Market size and forecast (2024-2029) ($ million)
- Chart on Leather - Year-over-year growth (2024-2029) (%)
- Data Table on Leather - Year-over-year growth (2024-2029) (%)
- 9.5 Textile - Market size and forecast (2024-2029)
- Chart on Textile - Market size and forecast (2024-2029) ($ million)
- Data Table on Textile - Market size and forecast (2024-2029) ($ million)
- Chart on Textile - Year-over-year growth (2024-2029) (%)
- Data Table on Textile - Year-over-year growth (2024-2029) (%)
- 9.6 Chemicals and pharmaceuticals - Market size and forecast (2024-2029)
- Chart on Chemicals and pharmaceuticals - Market size and forecast (2024-2029) ($ million)
- Data Table on Chemicals and pharmaceuticals - Market size and forecast (2024-2029) ($ million)
- Chart on Chemicals and pharmaceuticals - Year-over-year growth (2024-2029) (%)
- Data Table on Chemicals and pharmaceuticals - Year-over-year growth (2024-2029) (%)
- 9.7 Others - Market size and forecast (2024-2029)
- Chart on Others - Market size and forecast (2024-2029) ($ million)
- Data Table on Others - Market size and forecast (2024-2029) ($ million)
- Chart on Others - Year-over-year growth (2024-2029) (%)
- Data Table on Others - Year-over-year growth (2024-2029) (%)
- 9.8 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
10 Market Segmentation by Grade Type
- 10.1 Market segments
- Chart on Grade Type - Market share (2024-2029) (%)
- Data Table on Grade Type - Market share (2024-2029) (%)
- 10.2 Comparison by Grade Type
- Chart on Comparison by Grade Type
- Data Table on Comparison by Grade Type
- 10.3 Grade 85% - Market size and forecast (2024-2029)
- Chart on Grade 85% - Market size and forecast (2024-2029) ($ million)
- Data Table on Grade 85% - Market size and forecast (2024-2029) ($ million)
- Chart on Grade 85% - Year-over-year growth (2024-2029) (%)
- Data Table on Grade 85% - Year-over-year growth (2024-2029) (%)
- 10.4 Grade 94% - Market size and forecast (2024-2029)
- Chart on Grade 94% - Market size and forecast (2024-2029) ($ million)
- Data Table on Grade 94% - Market size and forecast (2024-2029) ($ million)
- Chart on Grade 94% - Year-over-year growth (2024-2029) (%)
- Data Table on Grade 94% - Year-over-year growth (2024-2029) (%)
- 10.5 Grade 99% - Market size and forecast (2024-2029)
- Chart on Grade 99% - Market size and forecast (2024-2029) ($ million)
- Data Table on Grade 99% - Market size and forecast (2024-2029) ($ million)
- Chart on Grade 99% - Year-over-year growth (2024-2029) (%)
- Data Table on Grade 99% - Year-over-year growth (2024-2029) (%)
- 10.6 Others - Market size and forecast (2024-2029)
- Chart on Others - Market size and forecast (2024-2029) ($ million)
- Data Table on Others - Market size and forecast (2024-2029) ($ million)
- Chart on Others - Year-over-year growth (2024-2029) (%)
- Data Table on Others - Year-over-year growth (2024-2029) (%)
- 10.7 Market opportunity by Grade Type
- Market opportunity by Grade Type ($ million)
- Data Table on Market opportunity by Grade Type ($ million)
11 Market Segmentation by Application
- 11.1 Market segments
- Chart on Application - Market share (2024-2029) (%)
- Data Table on Application - Market share (2024-2029) (%)
- 11.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 11.3 Animal Feed - Market size and forecast (2024-2029)
- Chart on Animal Feed - Market size and forecast (2024-2029) ($ million)
- Data Table on Animal Feed - Market size and forecast (2024-2029) ($ million)
- Chart on Animal Feed - Year-over-year growth (2024-2029) (%)
- Data Table on Animal Feed - Year-over-year growth (2024-2029) (%)
- 11.4 Silage - Market size and forecast (2024-2029)
- Chart on Silage - Market size and forecast (2024-2029) ($ million)
- Data Table on Silage - Market size and forecast (2024-2029) ($ million)
- Chart on Silage - Year-over-year growth (2024-2029) (%)
- Data Table on Silage - Year-over-year growth (2024-2029) (%)
- 11.5 Leather tanning - Market size and forecast (2024-2029)
- Chart on Leather tanning - Market size and forecast (2024-2029) ($ million)
- Data Table on Leather tanning - Market size and forecast (2024-2029) ($ million)
- Chart on Leather tanning - Year-over-year growth (2024-2029) (%)
- Data Table on Leather tanning - Year-over-year growth (2024-2029) (%)
- 11.6 Textile dyeing - Market size and forecast (2024-2029)
- Chart on Textile dyeing - Market size and forecast (2024-2029) ($ million)
- Data Table on Textile dyeing - Market size and forecast (2024-2029) ($ million)
- Chart on Textile dyeing - Year-over-year growth (2024-2029) (%)
- Data Table on Textile dyeing - Year-over-year growth (2024-2029) (%)
- 11.7 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 13.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 13.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 13.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 13.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 13.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 13.8 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 13.9 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 13.10 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 13.11 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 13.12 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 13.13 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 13.14 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 13.15 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 13.16 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 13.17 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ million)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 13.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
- 13.19 Rest of World (ROW) - Market size and forecast (2024-2029)
- Chart on Rest of World (ROW) - Market size and forecast (2024-2029) ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast (2024-2029) ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth (2024-2029) (%)
- Data Table on Rest of World (ROW) - Year-over-year growth (2024-2029) (%)
14 Drivers, Challenges, and Opportunity/Restraints
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 14.4 Market opportunities/restraints
15 Competitive Landscape
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.2 Company ranking index
- 16.3 Market positioning of companies
- Matrix on companies position and classification
- 16.4 BASF SE
- BASF SE - Overview
- BASF SE - Business segments
- BASF SE - Key news
- BASF SE - Key offerings
- BASF SE - Segment focus
- SWOT
- 16.5 Eastman Chemical Co.
- Eastman Chemical Co. - Overview
- Eastman Chemical Co. - Business segments
- Eastman Chemical Co. - Key news
- Eastman Chemical Co. - Key offerings
- Eastman Chemical Co. - Segment focus
- SWOT
- 16.6 GNFC Ltd.
- GNFC Ltd. - Overview
- GNFC Ltd. - Business segments
- GNFC Ltd. - Key offerings
- GNFC Ltd. - Segment focus
- SWOT
- 16.7 Kemira Oyj
- Kemira Oyj - Overview
- Kemira Oyj - Business segments
- Kemira Oyj - Key offerings
- Kemira Oyj - Segment focus
- SWOT
- 16.8 Luxi Chemical Group Co. Ltd.
- Luxi Chemical Group Co. Ltd. - Overview
- Luxi Chemical Group Co. Ltd. - Product / Service
- Luxi Chemical Group Co. Ltd. - Key offerings
- SWOT
- 16.9 Merck KGaA
- Merck KGaA - Overview
- Merck KGaA - Business segments
- Merck KGaA - Key news
- Merck KGaA - Key offerings
- Merck KGaA - Segment focus
- SWOT
- 16.10 NuGenTec
- NuGenTec - Overview
- NuGenTec - Product / Service
- NuGenTec - Key offerings
- SWOT
- 16.11 PETRONAS Chemicals Group Berhad
- PETRONAS Chemicals Group Berhad - Overview
- PETRONAS Chemicals Group Berhad - Business segments
- PETRONAS Chemicals Group Berhad - Key offerings
- PETRONAS Chemicals Group Berhad - Segment focus
- SWOT
- 16.12 Pon Pure Chemicals Group
- Pon Pure Chemicals Group - Overview
- Pon Pure Chemicals Group - Product / Service
- Pon Pure Chemicals Group - Key offerings
- SWOT
- 16.13 ProChem Inc.
- ProChem Inc. - Overview
- ProChem Inc. - Product / Service
- ProChem Inc. - Key offerings
- SWOT
- 16.14 RXChemicals
- RXChemicals - Overview
- RXChemicals - Product / Service
- RXChemicals - Key offerings
- SWOT
- 16.15 Shandong Acid Technology Co. Ltd.
- Shandong Acid Technology Co. Ltd. - Overview
- Shandong Acid Technology Co. Ltd. - Product / Service
- Shandong Acid Technology Co. Ltd. - Key offerings
- SWOT
- 16.16 Shijiazhuang Taihe Chemical Co. Ltd.
- Shijiazhuang Taihe Chemical Co. Ltd. - Overview
- Shijiazhuang Taihe Chemical Co. Ltd. - Product / Service
- Shijiazhuang Taihe Chemical Co. Ltd. - Key offerings
- SWOT
- 16.17 Thermo Fisher Scientific Inc.
- Thermo Fisher Scientific Inc. - Overview
- Thermo Fisher Scientific Inc. - Business segments
- Thermo Fisher Scientific Inc. - Key news
- Thermo Fisher Scientific Inc. - Key offerings
- Thermo Fisher Scientific Inc. - Segment focus
- SWOT
- 16.18 Tokyo Chemical Industry Co. Ltd.
- Tokyo Chemical Industry Co. Ltd. - Overview
- Tokyo Chemical Industry Co. Ltd. - Product / Service
- Tokyo Chemical Industry Co. Ltd. - Key offerings
- SWOT
17 Appendix
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
REPORT WRITING
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
