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Formic Acid Market Overview
The Formic Acid market size is forecasted to reach US$2.1 billion by 2027, after growing at a CAGR of 4.2% during the forecast period 2022-2027. Formic acid, also known as methanoic acid, is a carboxylic acid that occurs naturally and acts as a crucial chemical amalgamation intermediate. The formic agent is generally used as a reducing agent to reduce potassium dichromate and sodium. Furthermore, formic acid is made up of an effectively infinite network of hydrogen-bonded formic acid molecules, which can exist in one of two polymorphs. The growth of the agriculture industry is primarily driving the formic acid market growth. Moreover, the expanding textile and leather industry is expected to fuel the demand for formic acid. This, in turn, will accelerate the market growth during the forecast period of 2022. However, in 2020, the Covid-19 pandemic created a roadblock for market growth because the major economies were under lockdown. To boost industrial growth, governments worldwide eased the Covid-19 restrictions in 2021, which aided the formic acid market growth.
Report Coverage
Key Takeaways
- Asia-Pacific region dominated the formic acid market, owing to the growing livestock. For instance, according to the National Dairy Development Board of India, in 2019 the total livestock was 535.8 million, an increase of 4.6% over 2012. With the surge in livestock, the demand for feedstock is increasing, which is benefiting the market growth.
- The surging adoption of formic acid in pharmaceutical intermediates is driving the formic acid market growth.
- Moreover, formic acid is deployed in the rubber industry to manufacture high-quality natural rubber. The increase in the production of rubber is creating an opportunity for the formic acid market growth in upcoming years.
- Nevertheless, the regulations about the use of formic acid are creating a bottleneck for the formic acid market growth.
Figure: Asia-Pacific Formic Acid Market Revenue, 2021-2027 (US$ Billion)
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Formic Acid Market Segment Analysis – By Application
The animal feed and silage segment held the largest share in the formic acid market in 2021 and is forecasted to grow at a CAGR of 4.5% during the forecast period 2022-2027. Manufacturers of animal feed and silage additives utilize formic acid as a solid or liquid ingredient that is important for animal health. Formic acid has vital features, such as inhibiting unwanted microorganisms in feed by acidification and assisting digestion with higher feed conversion. Moreover, formic acid is also regarded as the second most potent organic acid that suppresses bacterial development. It is employed as an important component in the development of high-quality forage silage to limit pathogen proliferation and is effective in the inhibition of silage microorganism growth. Thus, due to these features of formic acid, its adoption in animal feed and silage additives is surging, which is resulting in the formic acid market growth.
Formic Acid Market Segment Analysis – By End-Use Industry
The agriculture segment held the largest share in the formic acid market in 2021 and is forecasted to grow at a CAGR of 4.9% during the forecast period 2022-2027. The combination of formic acid and oxalic acid improves acaricide efficiency against pests. This leads to successful crop protection, animal feed preservation, and other benefits. As a result of these qualities, formic acid is frequently used in agriculture. The factors such as the ban on the growth-promoting antibiotics in animal feed, surging agriculture production, and more are crucial in the agriculture industry's growth. For instance, North American and European countries such as the US, UK, and others have prohibited the use of growth-promoting antibiotics in animal feed. Also, according to the OECD-FOA Agriculture Outlook, worldwide agricultural production is expected to reach 304,403.61 tons by 2026. Thus, the bans and projected growth in agriculture output will aid the natural feedstock usage, and to preserve the feedstock for long, the utilization of organic chemicals will increase. This is anticipated to boost the demand for formic acid, which, in turn, will accelerate the market growth in upcoming years.
Formic Acid Market Segment Analysis – By Geography
Asia-Pacific region is the dominating region as it held the largest share in the Formic Acid market in 2021 up to 35%. The economic growth of the Asia-Pacific countries is spurred by the growth of agriculture, leather, textile, and other industries. The surging food preservation to ensure food security, livestock population, and more are key determinants propelling the agriculture sector in the Asia-Pacific region. For instance, according to the US Department of Agriculture, in 2020, the total food crop production in Asia-pacific was about 998.8 million metric tons, and in 2021 it was about1026.7 million metric tons, an increase of about 2.8%. Moreover, according to the United States Department of Agriculture (USDA), the total cattle stock in China was 91,380 thousand, and in 2021, it was 95,619 thousand, an increase of 4.6%. Also, the total beef cow stock in China was 53,000 thousand, and in 2021, it was 53,400 thousand, an increase of about 1%. Hence, the growing agriculture production and livestock population in the Asia-Pacific region are fueling the demand for formic acid. This, in turn, is expanding the formic acid market growth.
Formic Acid Market Drivers
Booming Leather and Textile Industry
Formic acid possesses key features such as a freezing point of 8.3°C, low flammable, biodegradable, and stable under ambient circumstances, and a boiling point of 101°C. Due to these properties, formic acid is used in tanning and delimiting agents, dyeing, and other applications. As a result, it is ideal for the textile and leather industries. Factors such as increasing foreign investment in the textile and the establishment of new textile and leather manufacturing facilities are facilitating the textile and leather industry's growth. For instance, in April 2022, China-owned company, Xihe Textile Technology Bangladesh Limited announced the establishment of a garment manufacturing industry at Mongla Export Processing Zone (EPZ) in Bangladesh, with an investment of US$12.89 million. The development of this project will complete by 2023. Furthermore, according to the Confederation of National Associations of Tanners and Dressers of the European Community, about 56% of the leather tanning market share is held by the European Union. Therefore, the booming leather and textile industry is driving the formic acid market growth.
Surging Application of Formic Acid in Pharmaceutical Intermediates
In medicine, the use of 85 percent formic acid is a safe, cost-efficient, and successful treatment option for common warts, with few side effects and high compliance. Thus, formic acid is utilized as a pharmaceutical intermediate in the manufacturing of various medicines, including amidopyrin, vitamin B, and others. The global surge in measles cases is accelerating the demand for the amidopyrin medicines. For instance, according to UNICEF, in the first two months of 2022, the number of reported worldwide measles cases climbed by 79% compared to the same period the previous year. Furthermore, according to the Centers for Disease Control and Prevention, Somalia, Nigeria, and India have the highest number of measles cases in 2021, with 5,760, 5,613, and 4,178 cases, respectively. Thus, the surging demand for amidopyrin, vitamin B, and other medicines is fueling the demand for pharmaceutical intermediates. This is expected to drive the demand for formic acid, which, in turn, will propel market growth in the upcoming years.
Formic Acid Market Challenges
Regulations Regarding the use of Formic Acid
Although formic acid has dominated the market for many of its substitutes, the legislation prohibiting its use is restricting the market growth. For instance, according to the New Jersey Health Department, Formic acid is a corrosive chemical, and coming into contact with it can result in major health problems with the eyes, lungs, and other organs. Furthermore, according to the European Union's harmonized classification and labeling (CLP00), this material causes serious skin burns and eye damage. Furthermore, according to the categorization provided by firms to ECHA in REACH registrations, this material is poisonous if inhaled, causes organ damage, is a flammable liquid and vapor, is harmful if eaten, and causes substantial eye damage. Formic acid is a highly lethal source of carbon monoxide poisoning if combined with sulfuric acid. Formic acid and formaldehyde formed as metabolites of methanol are responsible for the optic nerve damage that causes blindness in methanol intoxication. Thus, such restrictions are limiting the formic acid market growth.
Formic Acid Industry Outlook
Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the formic acid market.Formic acid top10 companies are:
- BASF SE
- Eastman Chemical Company
- Shandong Baoyuan Chemical Co. Ltd
- Gujarat Narmada Valley Fertilizers & Chemicals Limited
- LUXI GROUP
- Perstorp Holdings AB
- POLIOLI SpA
- PT PUPUK KUJANG
- Rashtriya Chemicals and Fertilizers Limited
- Wuhan Ruisunny Chemical Co. Ltd
Recent Development
In February 2021, GMM Pfaudler acquired the majority share in the Pfaudler Group's global operations, which also included its formic acid segment. As a result of the transaction, GMM has become the Pfaudler group's ultimate holding company, with Pfaudler's entire operation integrated into GMM. GMM Pfaudler Limited will gain a dominant position in the formic acid market as a result of this acquisition.
Relevant Reports
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Report Code: CMR 0077
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Table 1: Formic Acid Market Overview 2021-2026
Table 2: Formic Acid Market Leader Analysis 2018-2019 (US$)
Table 3: Formic Acid Market Product Analysis 2018-2019 (US$)
Table 4: Formic Acid Market End User Analysis 2018-2019 (US$)
Table 5: Formic Acid Market Patent Analysis 2013-2018* (US$)
Table 6: Formic Acid Market Financial Analysis 2018-2019 (US$)
Table 7: Formic Acid Market Driver Analysis 2018-2019 (US$)
Table 8: Formic Acid Market Challenges Analysis 2018-2019 (US$)
Table 9: Formic Acid Market Constraint Analysis 2018-2019 (US$)
Table 10: Formic Acid Market Supplier Bargaining Power Analysis 2018-2019 (US$)
Table 11: Formic Acid Market Buyer Bargaining Power Analysis 2018-2019 (US$)
Table 12: Formic Acid Market Threat of Substitutes Analysis 2018-2019 (US$)
Table 13: Formic Acid Market Threat of New Entrants Analysis 2018-2019 (US$)
Table 14: Formic Acid Market Degree of Competition Analysis 2018-2019 (US$)
Table 15: Formic Acid Market Value Chain Analysis 2018-2019 (US$)
Table 16: Formic Acid Market Pricing Analysis 2021-2026 (US$)
Table 17: Formic Acid Market Opportunities Analysis 2021-2026 (US$)
Table 18: Formic Acid Market Product Life Cycle Analysis 2021-2026 (US$)
Table 19: Formic Acid Market Supplier Analysis 2018-2019 (US$)
Table 20: Formic Acid Market Distributor Analysis 2018-2019 (US$)
Table 21: Formic Acid Market Trend Analysis 2018-2019 (US$)
Table 22: Formic Acid Market Size 2018 (US$)
Table 23: Formic Acid Market Forecast Analysis 2021-2026 (US$)
Table 24: Formic Acid Market Sales Forecast Analysis 2021-2026 (Units)
Table 25: Formic Acid Market, Revenue & Volume, By Type, 2021-2026 ($)
Table 26: Formic Acid Market By Type, Revenue & Volume, By Grades of 85%, 2021-2026 ($)
Table 27: Formic Acid Market By Type, Revenue & Volume, By Grades of 94%, 2021-2026 ($)
Table 28: Formic Acid Market By Type, Revenue & Volume, By Grades of 99%, 2021-2026 ($)
Table 29: Formic Acid Market, Revenue & Volume, By Applications, 2021-2026 ($)
Table 30: Formic Acid Market By Applications, Revenue & Volume, By Agriculture, 2021-2026 ($)
Table 31: Formic Acid Market By Applications, Revenue & Volume, By Leather & Textile, 2021-2026 ($)
Table 32: Formic Acid Market By Applications, Revenue & Volume, By Rubber, 2021-2026 ($)
Table 33: Formic Acid Market By Applications, Revenue & Volume, By Chemical & Pharmaceuticals, 2021-2026 ($)
Table 34: North America Formic Acid Market, Revenue & Volume, By Type, 2021-2026 ($)
Table 35: North America Formic Acid Market, Revenue & Volume, By Applications, 2021-2026 ($)
Table 36: South america Formic Acid Market, Revenue & Volume, By Type, 2021-2026 ($)
Table 37: South america Formic Acid Market, Revenue & Volume, By Applications, 2021-2026 ($)
Table 38: Europe Formic Acid Market, Revenue & Volume, By Type, 2021-2026 ($)
Table 39: Europe Formic Acid Market, Revenue & Volume, By Applications, 2021-2026 ($)
Table 40: APAC Formic Acid Market, Revenue & Volume, By Type, 2021-2026 ($)
Table 41: APAC Formic Acid Market, Revenue & Volume, By Applications, 2021-2026 ($)
Table 42: Middle East & Africa Formic Acid Market, Revenue & Volume, By Type, 2021-2026 ($)
Table 43: Middle East & Africa Formic Acid Market, Revenue & Volume, By Applications, 2021-2026 ($)
Table 44: Russia Formic Acid Market, Revenue & Volume, By Type, 2021-2026 ($)
Table 45: Russia Formic Acid Market, Revenue & Volume, By Applications, 2021-2026 ($)
Table 46: Israel Formic Acid Market, Revenue & Volume, By Type, 2021-2026 ($)
Table 47: Israel Formic Acid Market, Revenue & Volume, By Applications, 2021-2026 ($)
Table 48: Top Companies 2018 (US$) Formic Acid Market, Revenue & Volume
Table 49: Product Launch 2018-2019 Formic Acid Market, Revenue & Volume
Table 50: Mergers & Acquistions 2018-2019 Formic Acid Market, Revenue & Volume
List of Figures
Figure 1: Overview of Formic Acid Market 2021-2026
Figure 2: Market Share Analysis for Formic Acid Market 2018 (US$)
Figure 3: Product Comparison in Formic Acid Market 2018-2019 (US$)
Figure 4: End User Profile for Formic Acid Market 2018-2019 (US$)
Figure 5: Patent Application and Grant in Formic Acid Market 2013-2018* (US$)
Figure 6: Top 5 Companies Financial Analysis in Formic Acid Market 2018-2019 (US$)
Figure 7: Market Entry Strategy in Formic Acid Market 2018-2019
Figure 8: Ecosystem Analysis in Formic Acid Market 2018
Figure 9: Average Selling Price in Formic Acid Market 2021-2026
Figure 10: Top Opportunites in Formic Acid Market 2018-2019
Figure 11: Market Life Cycle Analysis in Formic Acid Market
Figure 12: GlobalBy Type Formic Acid Market Revenue, 2021-2026 ($)
Figure 13: GlobalBy Applications Formic Acid Market Revenue, 2021-2026 ($)
Figure 14: Global Formic Acid Market - By Geography
Figure 15: Global Formic Acid Market Value & Volume, By Geography, 2021-2026 ($)Â
Figure 16: Global Formic Acid Market CAGR, By Geography, 2021-2026 (%)
Figure 17: North America Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 18: US Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 19: US GDP and Population, 2018-2019 ($)
Figure 20: US GDP – Composition of 2018, By Sector of Origin
Figure 21: US Export and Import Value & Volume, 2018-2019 ($)
Figure 22: Canada Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 23: Canada GDP and Population, 2018-2019 ($)
Figure 24: Canada GDP – Composition of 2018, By Sector of Origin
Figure 25: Canada Export and Import Value & Volume, 2018-2019 ($)
Figure 26: Mexico Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 27: Mexico GDP and Population, 2018-2019 ($)
Figure 28: Mexico GDP – Composition of 2018, By Sector of Origin
Figure 29: Mexico Export and Import Value & Volume, 2018-2019 ($)
Figure 30: South America Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 31: Brazil Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 32: Brazil GDP and Population, 2018-2019 ($)
Figure 33: Brazil GDP – Composition of 2018, By Sector of Origin
Figure 34: Brazil Export and Import Value & Volume, 2018-2019 ($)
Figure 35: Venezuela Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 36: Venezuela GDP and Population, 2018-2019 ($)
Figure 37: Venezuela GDP – Composition of 2018, By Sector of Origin
Figure 38: Venezuela Export and Import Value & Volume, 2018-2019 ($)
Figure 39: Argentina Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 40: Argentina GDP and Population, 2018-2019 ($)
Figure 41: Argentina GDP – Composition of 2018, By Sector of Origin
Figure 42: Argentina Export and Import Value & Volume, 2018-2019 ($)
Figure 43: Ecuador Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 44: Ecuador GDP and Population, 2018-2019 ($)
Figure 45: Ecuador GDP – Composition of 2018, By Sector of Origin
Figure 46: Ecuador Export and Import Value & Volume, 2018-2019 ($)
Figure 47: Peru Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 48: Peru GDP and Population, 2018-2019 ($)
Figure 49: Peru GDP – Composition of 2018, By Sector of Origin
Figure 50: Peru Export and Import Value & Volume, 2018-2019 ($)
Figure 51: Colombia Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 52: Colombia GDP and Population, 2018-2019 ($)
Figure 53: Colombia GDP – Composition of 2018, By Sector of Origin
Figure 54: Colombia Export and Import Value & Volume, 2018-2019 ($)
Figure 55: Costa Rica Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 56: Costa Rica GDP and Population, 2018-2019 ($)
Figure 57: Costa Rica GDP – Composition of 2018, By Sector of Origin
Figure 58: Costa Rica Export and Import Value & Volume, 2018-2019 ($)
Figure 59: Europe Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 60: U.K Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 61: U.K GDP and Population, 2018-2019 ($)
Figure 62: U.K GDP – Composition of 2018, By Sector of Origin
Figure 63: U.K Export and Import Value & Volume, 2018-2019 ($)
Figure 64: Germany Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 65: Germany GDP and Population, 2018-2019 ($)
Figure 66: Germany GDP – Composition of 2018, By Sector of Origin
Figure 67: Germany Export and Import Value & Volume, 2018-2019 ($)
Figure 68: Italy Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 69: Italy GDP and Population, 2018-2019 ($)
Figure 70: Italy GDP – Composition of 2018, By Sector of Origin
Figure 71: Italy Export and Import Value & Volume, 2018-2019 ($)
Figure 72: France Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 73: France GDP and Population, 2018-2019 ($)
Figure 74: France GDP – Composition of 2018, By Sector of Origin
Figure 75: France Export and Import Value & Volume, 2018-2019 ($)
Figure 76: Netherlands Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 77: Netherlands GDP and Population, 2018-2019 ($)
Figure 78: Netherlands GDP – Composition of 2018, By Sector of Origin
Figure 79: Netherlands Export and Import Value & Volume, 2018-2019 ($)
Figure 80: Belgium Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 81: Belgium GDP and Population, 2018-2019 ($)
Figure 82: Belgium GDP – Composition of 2018, By Sector of Origin
Figure 83: Belgium Export and Import Value & Volume, 2018-2019 ($)
Figure 84: Spain Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 85: Spain GDP and Population, 2018-2019 ($)
Figure 86: Spain GDP – Composition of 2018, By Sector of Origin
Figure 87: Spain Export and Import Value & Volume, 2018-2019 ($)
Figure 88: Denmark Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 89: Denmark GDP and Population, 2018-2019 ($)
Figure 90: Denmark GDP – Composition of 2018, By Sector of Origin
Figure 91: Denmark Export and Import Value & Volume, 2018-2019 ($)
Figure 92: APAC Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 93: China Formic Acid Market Value & Volume, 2021-2026
Figure 94: China GDP and Population, 2018-2019 ($)
Figure 95: China GDP – Composition of 2018, By Sector of Origin
Figure 96: China Export and Import Value & Volume, 2018-2019 ($) Formic Acid Market China Export and Import Value & Volume, 2018-2019 ($)
Figure 97: Australia Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 98: Australia GDP and Population, 2018-2019 ($)
Figure 99: Australia GDP – Composition of 2018, By Sector of Origin
Figure 100: Australia Export and Import Value & Volume, 2018-2019 ($)
Figure 101: South Korea Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 102: South Korea GDP and Population, 2018-2019 ($)
Figure 103: South Korea GDP – Composition of 2018, By Sector of Origin
Figure 104: South Korea Export and Import Value & Volume, 2018-2019 ($)
Figure 105: India Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 106: India GDP and Population, 2018-2019 ($)
Figure 107: India GDP – Composition of 2018, By Sector of Origin
Figure 108: India Export and Import Value & Volume, 2018-2019 ($)
Figure 109: Taiwan Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 110: Taiwan GDP and Population, 2018-2019 ($)
Figure 111: Taiwan GDP – Composition of 2018, By Sector of Origin
Figure 112: Taiwan Export and Import Value & Volume, 2018-2019 ($)
Figure 113: Malaysia Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 114: Malaysia GDP and Population, 2018-2019 ($)
Figure 115: Malaysia GDP – Composition of 2018, By Sector of Origin
Figure 116: Malaysia Export and Import Value & Volume, 2018-2019 ($)
Figure 117: Hong Kong Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 118: Hong Kong GDP and Population, 2018-2019 ($)
Figure 119: Hong Kong GDP – Composition of 2018, By Sector of Origin
Figure 120: Hong Kong Export and Import Value & Volume, 2018-2019 ($)
Figure 121: Middle East & Africa Formic Acid Market Middle East & Africa 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 122: Russia Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 123: Russia GDP and Population, 2018-2019 ($)
Figure 124: Russia GDP – Composition of 2018, By Sector of Origin
Figure 125: Russia Export and Import Value & Volume, 2018-2019 ($)
Figure 126: Israel Formic Acid Market Value & Volume, 2021-2026 ($)
Figure 127: Israel GDP and Population, 2018-2019 ($)
Figure 128: Israel GDP – Composition of 2018, By Sector of Origin
Figure 129: Israel Export and Import Value & Volume, 2018-2019 ($)
Figure 130: Entropy Share, By Strategies, 2018-2019* (%) Formic Acid Market
Figure 131: Developments, 2018-2019* Formic Acid Market
Figure 132: Company 1 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 133: Company 1 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 134: Company 1 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 135: Company 2 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 136: Company 2 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 137: Company 2 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 138: Company 3 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 139: Company 3 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 140: Company 3 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 141: Company 4 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 142: Company 4 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 143: Company 4 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 144: Company 5 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 145: Company 5 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 146: Company 5 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 147: Company 6 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 148: Company 6 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 149: Company 6 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 150: Company 7 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 151: Company 7 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 152: Company 7 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 153: Company 8 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 154: Company 8 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 155: Company 8 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 156: Company 9 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 157: Company 9 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 158: Company 9 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 159: Company 10 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 160: Company 10 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 161: Company 10 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 162: Company 11 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 163: Company 11 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 164: Company 11 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 165: Company 12 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 166: Company 12 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 167: Company 12 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 168: Company 13 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 169: Company 13 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 170: Company 13 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 171: Company 14 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 172: Company 14 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 173: Company 14 Formic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 174: Company 15 Formic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 175: Company 15 Formic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 176: Company 15 Formic Acid Market Net Sales Share, By Geography, 2018 (%)