Table of Contents 1 Report Prologue 10 2 Market Introduction 11 2.1 Market Definition 11 2.2 Scope of The Study 11 2.2.1 Research Objectives 11 2.2.2 Assumptions 12 2.2.3 Limitations 12 2.3 Markets Structure 12 3 Research Methodology 13 3.1 Research Process 13 3.2 Primary Research 14 3.3 Secondary Research 14 3.4 Market Size Estimation 14 3.5 Forecast Model 16 4 Market Dynamics 17 4.1 Introduction 17 4.2 Drivers 19 4.2.1 Ban on usage of antibiotics as growth promoters in animal feedstock is driving formic acid market. 19 4.2.2 Upsurge demand of formic acid in coagulating latex for rubber sheet can further augment the demand in rubber & textile industry. 20 4.2.3 Substantial growth of agriculture industry has accounted for higher usage of formic acid in animal feed and preservatives. 20 4.3 Restraints 21 4.3.1 Changing climatic conditions are negatively impacting end user industries. 21 4.3.2 Higher toxicity levels in higher grades of formic acid hampers the formic acid market. 21 4.3.3 Rise in price of raw materials 22 4.4 Opportunities & Trends 22 4.4.1 Expansions and investments in formic acid development by major key players is expected to provide opportunities across the value chain. 22 5 Market Factor Analysis 23 5.1 Supply Chain Analysis/ Value Chain Analysis 23 5.1.1 Raw Material Suppliers 23 5.1.2 Formic Acid Manufacturers 24 5.1.3 Distribution Channel 24 5.1.4 End-Use Industry 24 5.2 Porter’s 5 Analysis 24 5.2.1 Threat of New Entrants 24 5.2.2 Threat of Rivalry 24 5.2.3 Threat of Substitute 25 5.2.4 Bargaining Power of Supplier 25 5.2.5 Bargaining Power of Buyer 25 6 Global Formic Acid Market By Production Method 26 6.1 Introduction 26 6.2 Carbonylation of Methanol 28 6.3 Oxalic Acid 31 7 Global Formic Acid Market, By Application 34 7.1 Introduction 34 7.2 Animal Feed 36 7.3 Preservatives 38 7.4 Cleaning Agents 40 7.5 Dyeing and Finishing Textiles 42 7.6 Rubber & Leather Production 44 7.7 Others 47 8 Global Formic Acid Market, By Regions 49 8.1 Introduction 49 8.2 Asia-Pacific 53 8.2.1 China 57 8.2.2 India 59 8.2.3 Japan 61 8.2.4 Rest Of Asia Pacific 63 8.3 Europe 66 8.3.1 Germany 70 8.3.2 UK 72 8.3.3 France 74 8.3.4 Spain 76 8.3.5 Italy 78 8.3.6 Rest of Europe 80 8.4 North America 82 8.4.1 U.S 86 8.4.2 Canada 88 8.5 Rest of The World 90 9 Competitive Landscape 93 9.1 Introduction 93 9.2 Production Analysis 93 9.3 Key Development & Strategies 94 10 Company Profiles 95 10.1 BASF SE (Germany) 95 10.1.1 Company Overview 95 10.1.2 Product/Business Segment Overview 95 10.1.3 Financial Update 96 10.1.4 Key Developments 97 10.2 Perstorp Holdings A.B (Sweden) 98 10.2.1 Company Overview 98 10.2.2 Product/Business Segment Overview 98 10.2.3 Financial Updates 99 10.2.4 Key Developments 99 10.3 Eastman Chemical Company (U.S) 100 10.3.1 Company Overview 100 10.3.2 Product/Business Segment Overview 100 10.3.3 Financial Updates 101 10.3.4 Key Developments 101 10.4 Gujarat Narmada Valley Fertilizers& Chemicals Limited (India) 102 10.4.1 Company Overview 102 10.4.2 Product/Business Segment Overview 102 10.4.3 Financial Update 103 10.4.4 Key Developments 103 10.5 Feicheng Acid Chemical (China) 104 10.5.1 Company Overview 104 10.5.2 Product/Business Segment Overview 104 10.5.3 Financial Updates 104 10.5.4 Key Developments 104 10.6 Chongqing Chuandong Chemical (Group) Co., Ltd (China) 105 10.6.1 Company Overview 105 10.6.2 Product/Business Segment Overview 105 10.6.3 Financial Updates 106 10.6.4 Key Developments 106 10.7 LUXI Group CO., LTD (China) 107 10.7.1 Company Overview 107 10.7.2 Product/Business Segment Overview 107 10.7.3 Financial Updates 108 10.7.4 Key Developments 108 11 Conclusion 109 Table of Contents 1 Report Prologue 10 2 Market Introduction 11 2.1 Market Definition 11 2.2 Scope of The Study 11 2.2.1 Research Objectives 11 2.2.2 Assumptions 12 2.2.3 Limitations 12 2.3 Markets Structure 12 3 Research Methodology 13 3.1 Research Process 13 3.2 Primary Research 14 3.3 Secondary Research 14 3.4 Market Size Estimation 14 3.5 Forecast Model 16 4 Market Dynamics 17 4.1 Introduction 17 4.2 Drivers 19 4.2.1 Ban on usage of antibiotics as growth promoters in animal feedstock is driving formic acid market. 19 4.2.2 Upsurge demand of formic acid in coagulating latex for rubber sheet can further augment the demand in rubber & textile industry. 20 4.2.3 Substantial growth of agriculture industry has accounted for higher usage of formic acid in animal feed and preservatives. 20 4.3 Restraints 21 4.3.1 Changing climatic conditions are negatively impacting end user industries. 21 4.3.2 Higher toxicity levels in higher grades of formic acid hampers the formic acid market. 21 4.3.3 Rise in price of raw materials 22 4.4 Opportunities & Trends 22 4.4.1 Expansions and investments in formic acid development by major key players is expected to provide opportunities across the value chain. 22 5 Market Factor Analysis 23 5.1 Supply Chain Analysis/ Value Chain Analysis 23 5.1.1 Raw Material Suppliers 23 5.1.2 Formic Acid Manufacturers 24 5.1.3 Distribution Channel 24 5.1.4 End-Use Industry 24 5.2 Porter’s 5 Analysis 24 5.2.1 Threat of New Entrants 24 5.2.2 Threat of Rivalry 24 5.2.3 Threat of Substitute 25 5.2.4 Bargaining Power of Supplier 25 5.2.5 Bargaining Power of Buyer 25 6 Global Formic Acid Market By Production Method 26 6.1 Introduction 26 6.2 Carbonylation of Methanol 28 6.3 Oxalic Acid 31 7 Global Formic Acid Market, By Application 34 7.1 Introduction 34 7.2 Animal Feed 36 7.3 Preservatives 38 7.4 Cleaning Agents 40 7.5 Dyeing and Finishing Textiles 42 7.6 Rubber & Leather Production 44 7.7 Others 47 8 Global Formic Acid Market, By Regions 49 8.1 Introduction 49 8.2 Asia-Pacific 53 8.2.1 China 57 8.2.2 India 59 8.2.3 Japan 61 8.2.4 Rest Of Asia Pacific 63 8.3 Europe 66 8.3.1 Germany 70 8.3.2 UK 72 8.3.3 France 74 8.3.4 Spain 76 8.3.5 Italy 78 8.3.6 Rest of Europe 80 8.4 North America 82 8.4.1 U.S 86 8.4.2 Canada 88 8.5 Rest of The World 90 9 Competitive Landscape 93 9.1 Introduction 93 9.2 Production Analysis 93 9.3 Key Development & Strategies 94 10 Company Profiles 95 10.1 BASF SE (Germany) 95 10.1.1 Company Overview 95 10.1.2 Product/Business Segment Overview 95 10.1.3 Financial Update 96 10.1.4 Key Developments 97 10.2 Perstorp Holdings A.B (Sweden) 98 10.2.1 Company Overview 98 10.2.2 Product/Business Segment Overview 98 10.2.3 Financial Updates 99 10.2.4 Key Developments 99 10.3 Eastman Chemical Company (U.S) 100 10.3.1 Company Overview 100 10.3.2 Product/Business Segment Overview 100 10.3.3 Financial Updates 101 10.3.4 Key Developments 101 10.4 Gujarat Narmada Valley Fertilizers& Chemicals Limited (India) 102 10.4.1 Company Overview 102 10.4.2 Product/Business Segment Overview 102 10.4.3 Financial Update 103 10.4.4 Key Developments 103 10.5 Feicheng Acid Chemical (China) 104 10.5.1 Company Overview 104 10.5.2 Product/Business Segment Overview 104 10.5.3 Financial Updates 104 10.5.4 Key Developments 104 10.6 Chongqing Chuandong Chemical (Group) Co., Ltd (China) 105 10.6.1 Company Overview 105 10.6.2 Product/Business Segment Overview 105 10.6.3 Financial Updates 106 10.6.4 Key Developments 106 10.7 LUXI Group CO., LTD (China) 107 10.7.1 Company Overview 107 10.7.2 Product/Business Segment Overview 107 10.7.3 Financial Updates 108 10.7.4 Key Developments 108 11 Conclusion 109