Formic Acid Market Growth 2019-2024 Published on : 6 July 2019 Download Free Sample: https://www.24chemicalresearch.com/download-sample/32666/formic-acid-2019-2024-537
Formic acid Market Overview Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid.Globally, the global production was 1015 K MT in 2016 and it will reach 1217 K MT in 2022. In addition, the production regions of Formic acid are mainly located in China, US, EU and India. China was the leader production regions, which achieved about 48% volume market share in 2016. In 2015, BASF bullied the first plant of formic acid in Geismar, Louisiana. It is the only formic acid production plant in USA.As for the region consumption, China remained the largest market for Formic acid in the world, with 34% market share consumption in 2016.
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Formic acid Market Forecast 2019- 2024 Expected to reach $XX million USD by the end of
2024 e ar y t s a c e r o F
2019
xx% xx% xx%
xx% xx%
xx%
Base year
CAGR 1.3% (2019 - 2024) Download Free Sample:- https://www.24chemicalresearch.com/download-sample/32666/formic-acid-2019-2024-537 +91 8329744015 (Asia) | +1(646)-781-7170 (Int'l) | help@24chemicalresearch.com
Formic acid Market By Region North America
Europe
China
Rest of the world India Full Report Url:- https://www.24chemicalresearch.com/reports/32666/formic-acid-2019-2024-537 +91 8329744015 (Asia) | +1(646)-781-7170 (Int'l) | help@24chemicalresearch.com
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