Formic Acid (HCOOH) Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, Canada, China, India, Germany - Size and Forecast 2023-2027
| Published: Oct 2023 | Pages: 172 | SKU: IRTNTR43378 |
Formic Acid (HCOOH) Market Forecast 2023-2027:
The Formic Acid (HCOOH) Market size is estimated to increase by USD 485.04 million between 2022 and 2027. The market size is forecast to grow at a CAGR of 4.88%. The growth of the market depends on several factors such as the rising demand for formic acid as a preservative, the silage preservation and ban on antibiotics bolstering market demand, and the rising demand for natural rubber.
What will be the Size of the Formic Acid Market During the Forecast Period?
To learn more about this report, View Report Sample
Market: Key Drivers, Trends and Challenges
Our researchers analyzed the data with 2022 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.
Key Driver
The rising demand for formic acid as a preservative is driving growth in the market. Its excellent preservation characteristics make this chemical an ideal silage preservative. Silage refers to green fodder or grass that is stored to be used as animal feed during winter months. The silage production shall be aimed at supporting the material with no or minimal loss of nutrients.
However, it is a common practice to use molasses to provide energy for the fermentation of lactic acid and to assist the silage-making process. However, the acid's addition to silage material will significantly influence the fermentation process. Few factors will significantly contribute to the growth of the global market during the forecast period.
Significant Trends
The new applications backed by innovations are a key trend in the market. The acid is used traditionally in end-user industries that include animal feed, leather, rubber, and textiles. However, recent applications have broadened the scope of the HCOOH market in focus. This is backed by new-age research and development activities to test the suitability across different fields.
This chemical is also finding its applications in hydrogen fuel cells. In order to maintain the required temperatures, the acid helps reduce greenhouse gas emissions, which are generally released due to methane used in hydrogen fuel cells. Owing to the growing innovations and applications, the market in focus is expected to grow significantly during the forecast period
Major Challenge
The presence of cost-effective substitutes is a major challenge faced by the market. Although formic acid has an extensive range of uses, its high cost has paved the way for cost-effective substitutes, which are threatening the growth of the market. Peptide and microflora enhancers are some of the emerging cost-effective alternatives to fampic acid.
However, potassium sorbate, sodium sorbate, and acetic acid also pose a considerable threat of substitution when used as a preservative. The existence of cost-effective substitutes will adversely affect the growth of the global market during the forecast period.
Market Customer Landscape
The market research 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Who are the Major Formic Acid Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BASF SE - The company offers formic acid in Europe under the Protectol FM brand.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
- 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.
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 market 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.
What is the Largest-Growing Segment in the Market?
The offline segment is estimated to witness significant growth during the forecast period. When it comes to distribution via offline channels, the acid is available through chemical suppliers, distributors, or manufacturers who deal with industrial chemicals. This chemical is commonly supplied to various industries by companies specialized in the distribution of chemicals, such as agriculture, leather, and textile, that require the acid for their processes of production.
Get a glance at the market contribution of various segments View the PDF Sample
The offline segment was the largest segment and was valued at USD 1,332.13 million in 2017. The offline distribution requires close coordination between manufacturers, wholesalers, retailers, and end-users to ensure the seamless supply of chemicals while adhering to safety standards and regulations. Increasing demand for phosphoric acid from end users and easy availability of phosphoric acid in offline stores will drive the growth of the segment and propel the growth of the global market during the forecast period.
Which are the Key Regions for the Formic Acid Market?
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 57% 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. The market in APAC is anticipated to grow at a fast pace during the forecast period, mainly owing to the increasing demand from rubber, agriculture, leather, and textile industries in China and India. Low initial capital and labor costs, along with the rapidly booming market in China, are expected to draw an increasing rate of investments from major players.
Moreover, APAC offers to be a lucrative market for both animal feed and leather industries. More projects are expected for the development of buildings and infrastructure in countries such as China and Japan. These developments will propel the demand for leather products, which, in turn, will lead to healthy prospects for the regional market in focus during the forecast period.
Market Analyst Overview
The Market experiences growth driven by industrialization and the manufacturing sector, particularly in the livestock, rubber, leather, and pharmaceutical industries. Global manufacturers offer various grades, including 85%, 94%, and 99%, catering to end-users like silage additives, textile dyeing, rubber chemicals, and pharmaceutical intermediates. This chemical, also known as methanoic acid, finds applications in agriculture, dairy, and livestock sectors for its antibacterial and preservative properties.
Environmental concerns drive interest in its production from carbon dioxide and biomass oxidation. However, health risks associated with its corrosive nature and stringent regulations pose restraints, despite growing applications across industries worldwide. Regional segmentation analysis highlights the significance of the Asia Pacific region due to rapid urbanization and rising disposable incomes.
Segment Overview
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Distribution Channel Outlook (USD Million, 2017 - 2027)
- Offline
- Online
- End-user Outlook (USD Million, 2017 - 2027)
- Agriculture and animal feed
- Leather
- Textile
- Chemicals and pharmaceuticals
- Others
- Region Outlook (USD Million, 2017 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Chile
- Argentina
- Brazil
- North America
|
Formic Acid Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
172 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.88% |
|
Market growth 2023-2027 |
USD 485.04 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
4.69 |
|
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 57% |
|
Key countries |
US, Canada, China, India, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
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., and Vizag Chemical International |
|
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our market growth and trends report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
- Precise estimation of the size of the market size and its contribution to the parent market
- Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
- Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
- Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global formic acid market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global formic acid market 2017 - 2021 ($ million)
- 4.2 Distribution Channel Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
- 4.3 End-User Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
- 6.2 Comparison by Distribution Channel
- Exhibit 32: Chart on Comparison by Distribution Channel
- Exhibit 33: Data Table on Comparison by Distribution Channel
- 6.3 Offline - Market size and forecast 2022-2027
- Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
- 6.4 Online - Market size and forecast 2022-2027
- Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Distribution Channel
- Exhibit 42: Market opportunity by Distribution Channel ($ million)
- Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 46: Chart on Comparison by End-user
- Exhibit 47: Data Table on Comparison by End-user
- 7.3 Agriculture and animal feed - Market size and forecast 2022-2027
- Exhibit 48: Chart on Agriculture and animal feed - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Agriculture and animal feed - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Agriculture and animal feed - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Agriculture and animal feed - Year-over-year growth 2022-2027 (%)
- 7.4 Leather - Market size and forecast 2022-2027
- Exhibit 52: Chart on Leather - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Leather - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Leather - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Leather - Year-over-year growth 2022-2027 (%)
- 7.5 Textile - Market size and forecast 2022-2027
- Exhibit 56: Chart on Textile - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Textile - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Textile - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Textile - Year-over-year growth 2022-2027 (%)
- 7.6 Chemicals and pharmaceuticals - Market size and forecast 2022-2027
- Exhibit 60: Chart on Chemicals and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Chemicals and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Chemicals and pharmaceuticals - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Chemicals and pharmaceuticals - Year-over-year growth 2022-2027 (%)
- 7.7 Others - Market size and forecast 2022-2027
- Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by End-user
- Exhibit 68: Market opportunity by End-user ($ million)
- Exhibit 69: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 US - Market size and forecast 2022-2027
- Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.10 India - Market size and forecast 2022-2027
- Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 Canada - Market size and forecast 2022-2027
- Exhibit 111: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 120: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 121: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 12.3 BASF SE
- Exhibit 123: BASF SE - Overview
- Exhibit 124: BASF SE - Business segments
- Exhibit 125: BASF SE - Key news
- Exhibit 126: BASF SE - Key offerings
- Exhibit 127: BASF SE - Segment focus
- 12.4 Eastman Chemical Co.
- Exhibit 128: Eastman Chemical Co. - Overview
- Exhibit 129: Eastman Chemical Co. - Business segments
- Exhibit 130: Eastman Chemical Co. - Key offerings
- Exhibit 131: Eastman Chemical Co. - Segment focus
- 12.5 GNFC Ltd.
- Exhibit 132: GNFC Ltd. - Overview
- Exhibit 133: GNFC Ltd. - Business segments
- Exhibit 134: GNFC Ltd. - Key offerings
- Exhibit 135: GNFC Ltd. - Segment focus
- 12.6 Kemira Oyj
- Exhibit 136: Kemira Oyj - Overview
- Exhibit 137: Kemira Oyj - Business segments
- Exhibit 138: Kemira Oyj - Key news
- Exhibit 139: Kemira Oyj - Key offerings
- Exhibit 140: Kemira Oyj - Segment focus
- 12.7 Luxi Chemical Group Co. Ltd.
- Exhibit 141: Luxi Chemical Group Co. Ltd. - Overview
- Exhibit 142: Luxi Chemical Group Co. Ltd. - Product / Service
- Exhibit 143: Luxi Chemical Group Co. Ltd. - Key offerings
- 12.8 Merck KGaA
- Exhibit 144: Merck KGaA - Overview
- Exhibit 145: Merck KGaA - Business segments
- Exhibit 146: Merck KGaA - Key news
- Exhibit 147: Merck KGaA - Key offerings
- Exhibit 148: Merck KGaA - Segment focus
- 12.9 NuGenTec
- Exhibit 149: NuGenTec - Overview
- Exhibit 150: NuGenTec - Product / Service
- Exhibit 151: NuGenTec - Key offerings
- 12.10 PETRONAS Chemicals Group Berhad
- Exhibit 152: PETRONAS Chemicals Group Berhad - Overview
- Exhibit 153: PETRONAS Chemicals Group Berhad - Business segments
- Exhibit 154: PETRONAS Chemicals Group Berhad - Key news
- Exhibit 155: PETRONAS Chemicals Group Berhad - Key offerings
- Exhibit 156: PETRONAS Chemicals Group Berhad - Segment focus
- 12.11 Pon Pure Chemicals Group
- Exhibit 157: Pon Pure Chemicals Group - Overview
- Exhibit 158: Pon Pure Chemicals Group - Product / Service
- Exhibit 159: Pon Pure Chemicals Group - Key offerings
- 12.12 ProChem Inc.
- Exhibit 160: ProChem Inc. - Overview
- Exhibit 161: ProChem Inc. - Product / Service
- Exhibit 162: ProChem Inc. - Key offerings
- 12.13 RXChemicals
- Exhibit 163: RXChemicals - Overview
- Exhibit 164: RXChemicals - Product / Service
- Exhibit 165: RXChemicals - Key offerings
- 12.14 Shandong Acid Technology Co. Ltd.
- Exhibit 166: Shandong Acid Technology Co. Ltd. - Overview
- Exhibit 167: Shandong Acid Technology Co. Ltd. - Product / Service
- Exhibit 168: Shandong Acid Technology Co. Ltd. - Key offerings
- 12.15 Shijiazhuang Taihe Chemical Co. Ltd.
- Exhibit 169: Shijiazhuang Taihe Chemical Co. Ltd. - Overview
- Exhibit 170: Shijiazhuang Taihe Chemical Co. Ltd. - Product / Service
- Exhibit 171: Shijiazhuang Taihe Chemical Co. Ltd. - Key offerings
- 12.16 Thermo Fisher Scientific Inc.
- Exhibit 172: Thermo Fisher Scientific Inc. - Overview
- Exhibit 173: Thermo Fisher Scientific Inc. - Business segments
- Exhibit 174: Thermo Fisher Scientific Inc. - Key news
- Exhibit 175: Thermo Fisher Scientific Inc. - Key offerings
- Exhibit 176: Thermo Fisher Scientific Inc. - Segment focus
- 12.17 Tokyo Chemical Industry Co. Ltd.
- Exhibit 177: Tokyo Chemical Industry Co. Ltd. - Overview
- Exhibit 178: Tokyo Chemical Industry Co. Ltd. - Product / Service
- Exhibit 179: Tokyo Chemical Industry Co. Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 180: Inclusions checklist
- Exhibit 181: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 182: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 183: Research methodology
- Exhibit 184: Validation techniques employed for market sizing
- Exhibit 185: Information sources
- 13.5 List of abbreviations
- Exhibit 186: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
formic acid market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
- Off-the-shelf research reports
- Reports can be tailored to meet the customer's needs
- Trusted by more than 100 fortune 500 organizations
- Information about the market's key drivers, trends, and challenges
- Parent market analysis
- Every week, 50,000 people visit our subscription platform
- Detailed vendors report with competitive landscape
- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis