Prospettiva degli analisti
Si stima che il mercato globale dell'acido formico registrerà un CAGR del 5,2%. Si prevede che il mercato dell’acido formico cresca nel periodo previsto, guidato da diversi fattori, tra cui la crescente domanda da parte del settore agricolo, il crescente utilizzo dell’industria tessile e del cuoio, la crescente popolarità dei prodotti chimici e l'industria farmaceutica e le applicazioni emergenti in altri settori. La crescente domanda nelle economie emergenti, i mercati versatili e non sfruttati e l’attenzione alla sostenibilità rappresentano opportunità significative per il mercato dell’acido formico. La concorrenza di acidi alternativi, preoccupazioni ambientali e una limitata consapevolezza del mercato sono sfide significative che possono ostacolare la crescita del mercato dell’acido formico.
Panoramica del mercato
L'acido formico, un acido organico chiaro e volatile presente nei frutti dell'albero del sapone e nelle formiche, funge da sottoprodotto durante l'ossidazione atmosferica della trementina. L'acido formico è un intermedio chimico nella produzione di vari prodotti chimici, come prodotti farmaceutici, plastica e resine. Il mercato è in espansione poiché gli antibatterici dell'acido formico trovano applicazioni in settori quali gli additivi per mangimi animali e i conservanti alimentari naturali. La crescente domanda di questi prodotti sta determinando la necessità di acido formico. Nel complesso, il mercato dell'acido formico si sta evolvendo concentrandosi su sostenibilità, versatilità e conformità normativa.
Driver del mercato
La crescente domanda di acido formico da parte del settore agricolo sottolinea il suo ruolo fondamentale come agente conservante e antibatterico nei mangimi per animali. L'efficacia dell'acido formico nell'inibire la crescita di muffe, batteri e altri microrganismi dannosi negli insilati e nei mangimi a base di cereali non solo ne preserva la qualità nutrizionale, ma migliora anche l'efficienza dei mangimi nella produzione di bestiame. Riducendo al minimo il deterioramento, l'acido formico contribuisce al risparmio sui costi per gli agricoltori, promuovendo al contempo la produttività nelle operazioni di allevamento degli animali. Inoltre, le sue proprietà antimicrobiche contribuiscono a creare un ambiente più sano per il bestiame, riducendo l’incidenza dei disturbi digestivi e migliorando la salute generale degli animali. Con l'approvazione normativa e l'allineamento con le pratiche agricole sostenibili, l'acido formico emerge come una soluzione preferita per la conservazione dei mangimi, riflettendo la sua importanza nel supportare sistemi di produzione zootecnica efficienti e rispettosi dell'ambiente.
Segmentazione del mercato
Il mercato dell'acido formico è segmentato in base alla qualità, all'applicazione e al settore di utilizzo finale. Il mercato dell'acido formico è segmentato in base al grado in meno del 95% e superiore al 95%. Il mercato dell'acido formico è segmentato in base all'applicazione nella concia della pelle, agenti riducenti, conservanti, fluidi di perforazione, intermedi e altri. In base al settore di utilizzo finale, è segmentato in tessile e gomma, chimico, alimentare, zootecnico, petrolio e gas, agricoltura e altri.
Analisi regionale
Il rapporto fornisce una panoramica dettagliata del settore, che include informazioni qualitative e quantitative. Fornisce informazioni su una panoramica e previsioni del mercato globale dell’acido formico in base a diversi segmenti. Fornisce inoltre stime sulle dimensioni del mercato e sulle previsioni dal 2021 al 2030 riguardanti cinque regioni principali: Europa, Nord America, Asia-Pacifico (APAC), Medio Oriente e Asia. Africa (MEA) e Sud & America Centrale. Il mercato dell’acido formico per regione è anche suddiviso in sottosegmenti in base ai rispettivi paesi e segmenti. Il rapporto sul mercato dell'acido formico copre un'analisi e previsioni di diciotto paesi a livello globale e le tendenze e le opportunità prevalenti nella regione.
Il rapporto analizza Fattori che influenzano il mercato dell’acido formico sia dal lato della domanda che da quello dell’offerta. Inoltre, valuta le dinamiche del mercato durante il periodo di previsione, ovvero i fattori trainanti, le sfide, le opportunità e le tendenze future. Il rapporto fornisce anche un'analisi approfondita delle cinque forze di Porter che evidenzia i fattori che influenzano il mercato dell'acido formico in queste regioni.
Attori chiave< /span>
I rapporti riguardano gli sviluppi vitali della strategia di crescita organica e inorganica nel mercato dell'acido formico. Diverse aziende si concentrano su strategie di crescita organica come lanci di prodotti, approvazioni, brevetti e altro. Le attività delle strategie di crescita inorganica osservate nel mercato sono state acquisizioni, partnership e amp; collaborazioni, che hanno aperto la strada allo sviluppo del business e della base clienti degli attori del mercato. Si stima che gli operatori nel mercato dell'acido formico abbiano opportunità di crescita redditizie con la crescente domanda di acido formico da parte dell'industria agricola nel mercato globale.
Il rapporto include i profili delle principali aziende, l’analisi SWOT e le strategie di mercato dell’acido formico. Il rapporto si concentra anche sui principali attori del mercato con informazioni tra cui componenti e servizi offerti, profili aziendali, informazioni finanziarie negli ultimi tre anni e sviluppi critici negli ultimi cinque anni.
Di seguito è riportato un elenco di aziende attive nel mercato dell'acido formico.
- < span>BASF SE
- Thermo Fisher Scientific Inc.
- Perstorp Holding AB
- Eastman Chemical Company< li>HELM AG
- LUXI GRUPPO
- Shandong Acid Technology Co., Ltd.
- Sintas Kurama Perdana
- Rashtriya Chemicals and Fertilizers Limited
- Wuhan Ruisunny Chemical
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Innovations in application technologies is expected to be the key market trends
Based on geography, Asia Pacific held the significant share of the formic acid market due to growth in the chemical and agriculture sector
Based on grade, more than 95% segment is expected to witness the fastest growth during the forecast period
Growth in the agriculture and animal feed sector is driving the market growth
BASF SE; Perstorp Holding AB; Eastman Chemical Company; HELM AG; LUXI GROUP are some of the key players operating in the formic acid market
The Formic Acid Market is estimated to witness a CAGR of 5% from 2023 to 2031
Trends and growth analysis reports related to Chemicals and Materials : READ MORE..
The List of Companies
1. Alfa Aesar (Thermo Fisher Scientific)
2. Anhui Asahikasei Chemical Co.
3. BASF SE
4. Eastman Chemical Company
5. Feicheng Acid Chemicals Co.,
6. Gujarat Narmada Valley Fertilizers & Chemicals Limited
7. HELM AG
8. LUMITOS AG
9. Luxi Chemical Group Co., Ltd.
10. Perstorp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published and advised several client across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organization are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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