The global formic acid market is expected to be valued at USD 837.8 Million in 2027 from USD 760.5 Million in 2019, registering a CAGR of 1.2% through the forecast period. Formic acid, also known as carboxylic acid, is a colorless, corrosive chemical substance naturally found in a variety of plants and insects. It releases a pungent odor at room temperature and can be industrially manufactured through biomass oxidation and hydrogenation of carbon dioxide. Formic acid is an essential component in various products, including chemical preservatives, fertilizers, animal feed, and leather products. It is an eco-friendly de-icing agent used to make airport runways ice-free and can also be used as a catalyst in the production of various chemicals.
The global formic acid market is expected to grow at a rapid pace over the upcoming years due to various favorable factors. The surging applications of formic acid in the pharmaceutical, leather textiles, rubber, food processing & preservation, and agricultural industries are key parameters contributing to the global market growth. In the agricultural sector, formic acid is widely used as an anti-bacterial preservative in livestock feed. It is sprayed on fresh hay to prevent decay or bacterial growth. It is also utilized in the oil & gas sector as a thickener for drilling fluids. The expanding food & beverage industry, growing consumption of dairy & poultry products, rising demand for leather textiles, rising applications in the pharmaceutical industry, and increasing use of rubber in various industries, such as automotive, are vital factors spurring the global formic acid market growth.
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Key findings from the report:
- Based on application, the leather tanning sub-segment holds the largest share of the global formic acid market. The rapid growth of this segment is accredited to the escalating demand for leather apparel and shoes, increasing use of leather accessories such as belts and bracelets, and the growing use of leather in the automotive sector for vehicle interiors. The thriving fashion industry, changing lifestyles of millennials, and the surging disposable incomes of people further boost this segment’s growth.
- The Asia Pacific formic acid market is foreseen as the largest regional market over the forecast period, retaining the highest revenue share. The rising consumption of milk and poultry products, the booming agricultural sector, the growing demand for leather textiles and footwear, and the expanding pharmaceutical sector, especially in countries India and Japan, are the primary factors stimulating the growth of the Asia Pacific market. Moreover, the rapid growth of the rubber industry in the region, growing demand for formic acid in the food processing industry, increasing demand for animal feed, the growing demand for food, and the rising population are the other significant aspects of the regional market growth.
- Prominent companies operating in the global formic acid market include BASF SE, Eastman Chemical Company, Perstorp, Feicheng Acid Chemical, LUXI Group Co. Ltd., Taminco, Shanxiyuanping Chemicals Co. Ltd., Helm Italia S.R.L., Gujarat Narmada Valley Fertilizers Co. Ltd., Chongqing Chuandong Chemical, and Rashtriya Chemicals & Fertilizers.
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For the purpose of this report, the global formic acid market has been segmented on the basis of grade, production process, application, and region:
Grade Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
- 75%
- 80%
- 85%
- 94%
- 99%
Production Process Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
- Carboxylation of Methanol
- Oxalic Acid
Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2017-2027)
- Textile Dyeing and Finishing
- Leather Tanning
- Rubber Production
- Intermediary in Pharmaceuticals
- Food Processing
- Animal Feed
- Others
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table Of Content -
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Market Segmentation & Impact Analysis
Continued……….
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Global Healthcare Assistive Robots Market is primarily driven by rising geriatric population.
Generally, the people aged more than 60 years face the physical fitness problem and some of the people face various diseases, which require daily monitoring.
In 2017, According to NIA (National Institute of Aging), the number of geriatric population in less developed countries is estimated to grow by 140% compared to a growth rate of 51% in more developed countries.
Governments of countries including U.S., Canada, and Japan are offering several incentives on the healthcare robots, as they highly beneficial for patients with disabilities.
North America held the highest market in 2017 primarily due to high support from the U.S. government.
Asia-Pacific has the highest growth rate, primarily due to rising population and development in the healthcare sector.
Data Bridge Market Research, in its latest business report elaborates the current situation of the global Hydrophilic Coatings Market in terms of volume (x units), value (Mn/Bn USD), production, and consumption.
The report scrutinizes the market into various segments, end uses, regions and players on the basis of demand pattern, and future prospect.Hydrophilic Coatings Market Country Level AnalysisThe countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.Get more Details Sample Copy of Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-hydrophilic-coatings-market On the basis of By Substrate, the global Hydrophilic Coatings Market study contains:MetalsGlass/CeramicsPolymersNanoparticlesOthersOn the basis of By End User, the global Hydrophilic Coatings Market study contains:Medical DevicesAutomobileAerospaceMarineOpticalOthersHydrophilic Coatings Market Players - Aculon, Biocoat Incorporated, Harland Medical Systems, Inc., Hydromer, AdvanSource Biomaterials Corp., Surmodics, Inc., DSM, BioInteractions Ltd, AST Products, Inc., Abbott, Coatings2Go, DONTECH, INC., Sono-Tek Corporation, ARGON MEDICAL, Dow, Formacoat, FSI Coating Technologies, Inc., Surface Solutions Group, LLC, Precision Coating Company, Inc., among others Represent the global Hydrophilic Coatings Market.
The market study depicts an extensive analysis of all the players running in the Hydrophilic Coatings Market report based on by Type, by Application and by Region.
Further, the market strategies, and mergers & acquisitions associated with the players are enclosed in the Hydrophilic Coatings Market report.The rising demand for lightweight materials in the automotive industry has highly influenced growth of the hydrophilic coatings market.
In line with this, the increasing demand for hydrophilic coatings in various applications counting medical devices and equipment, marine, automotive and optical due to its diverse characteristics also acting as a key determinant favoring the growth of the hydrophilic coatings market over the forecast period of 2021 to 2028.
Also the, high growth in the medical device, growing income of middle-class population and the progressively growing geriatric population are also positively impacting the growth of the hydrophilic coatings market.
Market AnalysisThe Escalator Market will grow at a healthy CAGR between the forecast period 2016- 2021, states the recent Market Research Future (MRFR) analysis.
An escalator, simply put, is a moving flight of steps or a staircase that helps to move people between the floors of a building.
This procedure comprises a chain of individually linked steps that are usually driven by the motor, which moves down and up the tracks and maintains effective transportation.
According to the recent MRFR report, such factors include rapid technological transformation in the construction business, growing construction business, big investments in R by top escalator manufacturers, high demand for security, technological advances, and rapid urbanization.
Additional factors adding market growth include upcoming metro projects, booming real estate sector, expansion of airport, need for rapid and efficient transit systems, growing investment in residential and commercial infrastructure, need for eco-friendly products, rising infrastructure spending, favorable government initiatives, demand for high-speed lifts, development of smart cities, and focus on developing energy-efficient escalators.On the contrary, lack of skilled workforce, safety issues, concerns about accidents, high maintenance and installation cost, and the current COVID-19 impact are factors that may limit the escalator market growth over the forecast period.Escalator Market SegmentationThe MRFR report highlights an inclusive segmental analysis of the global escalator market based on type and application.By type, the escalator market is segmented into crisscross, multi-parallel, spiral type, parallel, and others.
Among these, the commercial segment will dominate the market over the forecast period.Browse complete report @https://www.marketresearchfuture.com/reports/escalator-market-1606Regional Analysis By region, the escalator market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW).
Market Analysis and Insights:- Global Fermenters MarketGlobal Fermenters Market, By Type (Continuous Stirred Fermenter, Tower Fermenter, Deep Jet Fermenter, Batch Fermenter, Cyclone Column Fermenter, Gas Lift Fermenter, Photo Fermenter, Rotary Drum Fermenter, Cyclone Column Fermenter, Deep Jet Fermenter, Others), Process (Batch, Fed-Batch, Continuous), Mode of Operation (Automatic, Semi-Automatic), Material Type (Stainless-Steel, Glass), Microorganism, (Bacteria, Fungi), End User (Food, Beverage, Healthcare Products and Cosmetics), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028 Market Analysis and Insights : Global Fermenters MarketFermenters market size is expected to grow at a compound annual rate of 8.70% in the forecast period 2021 to 2028.
The micro-organisms go through fermentation so as to make desired metabolite in large quantities for commercial purpose.
In addition, the rising awareness among consumers pertaining to food preservation and benefits of fermentation is also lifting the growth of the fermenters market.Get More Insight About the Global Fermenters Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-fermenters-market This fermenters market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.On the basis of type, the fermenters market has been segmented into continuous stirred fermenter, tower fermenter, deep jet fermenter, batch fermenter, cyclone column fermenter, gas lift fermenter, photo fermenter, rotary drum fermenter, cyclone column fermenter, deep jet fermenter and others.On the basis of process, the fermenters market has been segmented into batch, fed-batch and continuous.On the basis of mode of operation, the fermenters market has been segmented into automatic and semi-automatic.Based on material type, the fermenters market has been segmented into stainless-steel and glass.The microorganism segment of the fermenters has been segmented into bacteria and fungi.On the basis of end user, the fermenters market has been segmented into food, beverage and healthcare products and cosmetics.
Beverage has further been segmented into alcoholic beverages and non-alcoholic beverages.Fermenters Market Country Level AnalysisFermenters market is analyses and market size, volume information is provided by country, type, process, mode of operation, material type, material type, microorganism and end user as referenced above.Know More About this Report @ https://www.databridgemarketresearch.com/reports/global-fermenters-market The countries covered in the fermenters market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).North America leads the fermenters market because of the rising demand for fermented beverages such as wine and beer, rising dispersible income and strong presence of major manufacturers in this particular region.
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacitiesGrowth, Trends, and Forecast, company strengths and weaknesses, product launch, product width and breadth, application dominance.
The global fitness equipment market size is expected to value at USD 13.24 billion by 2022.
The market is subject to witness a substantial growth due to the ever-growing urban population, increasing disposable income, particularly in the developing economies across the globe, and rising health consciousness among the general population.
Globally, the market is predicted to grow at CAGR of 3.6% in forecast period, providing numerous opportunities for market players to invest in research and development of the fitness equipment market.Download Full Research Report on “Fitness Equipment Market” @ https://www.millioninsights.com/industry-reports/fitness-equipment-marketThe fitness equipment that are increasingly used include treadmills, standing bicycles, abs & fitness twister, roller slide, cross trainer, and weightlifting machines.
Factors responsible for robust market growth in the fitness equipment industry, in the recent years, include large number of obese population, rising health consciousness among general population, and increasing popularity of fitness equipment among younger population.
Numerous initiatives undertaken by private and government authorities to promote corporate wellness programs are predicted to drive the growth of fitness equipment market in the upcoming years.
Furthermore, increasing popularity of the fitness equipment in the developed economies is attributed to factors such as rising healthcare expenditure, and development of sports and nutrition programs and initiatives in order to encourage people belong to all ages, and backgrounds, thereby leading to active and healthy lifestyle.This market is broadly categorized into three major types based on type of the device such as cardiovascular training, strength training, and body monitoring and analyzers.
The global solar control glass market size is predicted to reach USD 10.68 Billion by 2026, exhibiting a CAGR of 9.5% during the forecast period.
The rising utilization of solar control glass with Low E thermal insulation for optimal temperature will have a positive impact on the solar control glass market revenue during the forecast period.The emergence of COVID-19 has brought the world to a standstill.
Rising support from governments and several companies can help in the fight against this highly contagious disease.
Overall, almost every sector is anticipated to be impacted by the pandemic.We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics.
Competitive Landscape:Launch of New Virtual Reality App by AIS to Back MarketAIS, a leader and supplier of Glass for auto & architectural purposes in India announced that it has launched an app.
The launch of the trailblazing Virtual Reality app will promote the market share of solar control glass in the forthcoming years due to its visualization capabilities for any kind of space with different colors of solar control and heat-reflective glass range from AIS.
