Formic Acid Market was valued at USD 650 kiloton in 2020 and is expected to grow at a CAGR of 3% between 2021 and 2027. Formic acid is a colorless, smoking liquid with a pungent acrid odor with the chemical formula HCOOH. Formic acid is systematically named methanic acid. The common name of a simple carboxylic acid comes from the Latin or Greek name of its origin. Formic acid is not widely used as a solvent, but is of interest as an example of a protic solvent with high acidity.
The simplest carboxylic acid is formic acid, systematically named methanolic acid and has the formula HCOOH. In chemical synthesis it is an important intermediate and occurs naturally, especially in some ants. Formic acid is produced industrially from methanol. Being COVID – 19, because of the lock regulation and insufficient number of workers the production of various chemicals and other enterprises declined, and the supply of raw materials industry declined. The animal feed industry is an important end user of the enterprise of formic acid, which is also badly affected by the restaurant. This corona crisis remains demanding despite the fact that the supply of serious harm animal feed, is relatively stable.
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Top Major Key Players Industries
BASF SE
Perstorp
Eastman Chemical Company
LUXI GROUP
Anhui Asahi Kasei Chemical Co., Ltd
Grade Type
75%
80%
85%
94%
99%
Application
Animal Feed
Silage Additive
Preservative
Leather Tanning
Textile Dyeing and Finishing
Intermediary in Pharmaceuticals
Other Applications
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Scope of the Report
The research study analyzes the global Warehousing Logistics Robots industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Warehousing Logistics Robots Market Report
What was the Warehousing Logistics Robots Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Warehousing Logistics Robots Market during the forecast period (2021-2027)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer vendor or players in the Warehousing Logistics Robots Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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