Research and Markets: Global Formic Acid (Grades of 85%, 94%, 99%, and Others) Market - Trends & Forecasts to 2019
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/shff4g/formic_acid) has announced the addition of the "Global Formic Acid (Grades of 85%, 94%, 99%, and Others) Market - Trends & Forecasts to 2019" report to their offering.
“Global Formic Acid (Grades of 85%, 94%, 99%, and Others) Market - Trends & Forecasts to 2019”
The market value of formic acid was estimated to be $ 593,500 thousand in 2012 and is projected to grow with a CAGR of about 3.8% from 2014 to 2019. The data mentioned in the report is based on the global demand for the formic acid.
The total market for global formic acid has been analyzed based on the Porter's five forces model. This gives an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to formic acid raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the global formic acid industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as ban of antibiotics promoters in silage preservation and animal feed, emerging market for different applications, availability of cheaper raw materials; and restraints such as higher toxicity levels in higher grades of formic acid, declining production capacities in Europe due to high priced of natural gas, and current economic condition of Europe. The economic slowdown in Europe and the U.S. also affected the economy of other developed countries that are of key importance for the commercial success of new materials and its end-user market.
The global formic acid market is also classified based on different applications. The important applications include live feedstock, textile & leather, rubber coagulant, chemical & pharmaceutical and others. The leather & textile and rubber industries are expected to show rapid growth in the future.
The key companies in this market are BASF SE (Germany), Perstorp AB (Sweden), Feicheng Acid Chemicals Co. Ltd. (China), Gujarat Narmada Valley Fertilizers Co. Ltd. (India), Taminco Corporation (Belgium), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in the year 2012 & 2013 that are driving the demand of formic acid. Their strategy to capture the market in developing economies includes expansions and agreements.
Scope of the Report
- Grade 85%
- Grade 94%
- Grade 99%
- Leather & Textile
- Chemical & Pharmaceutical
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Global Formic Acid Market Assessment, 2012
5 Market Overview
6 Market Assessment, By Grade
7 Market Assessment, By Applications
8 Market Assessment, By Geography
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/shff4g/formic_acid