Formic Acid (Cas 64-18-6)
Market
Formic Acid (Cas 64-18-6) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Formic Acid (Cas 64-18-6) Market Size and Growth
The Formic Acid (CAS 64-18-6) market is witnessing steady growth, driven by its applications in agriculture, pharmaceuticals, and textiles. The global market size was valued at approximately $1.1 billion in 2022, with expectations to reach $1.5 billion by 2028, reflecting a compound annual growth rate (CAGR) of around 5%.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Feicheng Acid Chemicals
◍ Luxi Chemcial Group
◍ Eastman
◍ Basf-YPC Company
◍ Tianyuan Group
◍ Perstorp
◍ Wuhan Ruisunny Chemical
◍ Gujarat Narmada Valley Fertilizers & Chemicals
◍ Rashtriya Chemicals and Fertilizers
◍ Shandong Rongyue Chemical
◍ Chongqing Chuandong Chemical
◍ Huaqiang Chemical
◍ Shanxi Yuanping Chemicals
◍ Shandong Baoyuan Chemical
The Formic Acid market is competitive, with key players like BASF, Eastman, and Perstorp focusing on diverse applications, including textiles and agriculture. These companies enhance market growth through innovation and expanding production capacities, with BASF reporting revenues of approximately $78 billion and Eastman around $10 billion. Request Sample Report
Market Segmentation
By Application
Agriculture
Leather & Textile
Rubber
Chemical & Pharmaceuticals
Other
By Product
◍ Methyl Formate Hydrolysis Technology
Sodium Formate Technology
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Market Growth
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$ X Billion USD
