NEW YORK , Sept. 28, 2023 /PRNewswire/ — The formic acid market is expected to grow by $485.04 million from 2022 to 2027. Additionally, the market is projected to grow at a CAGR of 4.88% during the forecast period, Technavio reports. Increasing demand for formic acid as a preservative is significantly boosting the formic acid market. However, factors such as the availability of cost-effective alternatives may hamper the market growth. The market is segmented based on distribution channels (offline and online), end users (agriculture and animal feed, leather, textiles, chemicals and pharmaceuticals, etc.) and geographical location (Asia Pacific, North America, Europe, Middle East and Africa). . South America). We provide detailed analysis of 20 companies operating in the Formic Acid market, including BASF SE, Eastman Chemical Co, GNFC Ltd., Joshi Agrochem Pharma Pvt. Ltd., Kakdiya Chemicals, Kemira Oyj, Luxi Chemical Group Co., Ltd., Merck KGaA, MERU CHEM PVT. LTD., NuGenTec, PETRONAS Chemicals Group Berhad, Pon Pure Chemicals Group, ProChem Inc., RXChemicals, Shandong Acid Technology Co. ., Ltd., Shandong Jiuan Chemical Co., Ltd., Shijiazhuang Taihe Chemical Co., Ltd., Thermo Fisher Scientific Co., Ltd., Tokyo Chemical Industry Co., Ltd. and Vizag Chemical International. The report provides the latest market analysis. To find out the exact height difference and year-over-year growth rate, request a free sample report.
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        The hot melt adhesives market is expected to grow at a CAGR of 7.28% from 2022 to 2027. The market size is expected to increase by US$4,396.66 million. Moreover, the report broadly covers the market by products (Ethylene Vinyl Acetate (EVA), Rubber, Polyolefins, Polyurethane, etc.), Applications (Packaging, Hygienic Nonwovens, Furniture & Woodworking, Automotive & Footwear, etc.), Segments and geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). Widespread adoption of hygiene materials is a key factor driving the market growth during the forecast period.
        The fluorapatite market is expected to grow at a compound annual growth rate of 3.85% from 2022 to 2027. The market size is expected to increase by US$151.05 million. In addition, the report broadly covers market segmentation by type (pharmaceutical and industrial grade), application (dental care, fertilizers, chemicals and pharmaceuticals) and geography (North America, Asia Pacific, Europe, South America, Middle East and Africa). Increasing demand for phosphate fertilizers is a key driver of market growth during the forecast period.
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