TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

Global Formic Acid Market | $ 208.72 million growth expected during 2021-2025 | 17000+ Technavio Research Reports

Mount Equity Group Tokyo, Japan > News > Markets > Global Formic Acid Market | $ 208.72 million growth expected during 2021-2025 | 17000+ Technavio Research Reports

NEW YORK, June 11, 2021 /PRNewswire/ —

The formic acid market is poised to grow by USD 208.72 million during 2021-2025, progressing at a CAGR of over 4% during the forecast period.

Technavio’s in-depth market research reports include value chain analysis and validation techniques to help industry leaders improve their business.
Download FREE Sample Report

The report on the formic acid market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by factors such as the rising demand for formic acid as a preservative, the silage preservation and ban on antibiotics bolstering market demand, and the rising demand for natural rubber.

The formic acid market analysis includes the end-user segment and geography landscape. This study identifies the rising demand for natural rubber as one of the prime reasons driving the formic acid market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The formic acid market covers the following