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포름산 시장 : 성장, 동향, COVID-19의 영향, 예측(2021-2026년)

Formic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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발행일 2021년 03월 상품 코드 392039
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포름산 시장 : 성장, 동향, COVID-19의 영향, 예측(2021-2026년) Formic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
발행일 : 2021년 03월 페이지 정보 : 영문

본 상품은 영문 자료로 한글과 영문목차에 불일치하는 내용이 있을 경우 영문을 우선합니다. 정확한 검토를 위해 영문목차를 참고해주시기 바랍니다.

세계의 포름산 시장에 대해 조사했으며, 시장 기회 및 동향, 성장 촉진 및 저해 요인, 등급 유형·용도·지역별 시장 분석, 경쟁 구도, 주요 기업 개요 등의 정보를 정리하여 전해드립니다.

목차

제1장 서론

  • 조사 결과
  • 조사의 전제 조건
  • 조사 범위

제2장 조사 방법

제3장 주요 요약

제4장 시장 역학

  • 성장 촉진요인
    • 방부제 및 사료 첨가제의 수요 증가
    • 육류·가금류의 소비 증가
  • 성장 저해요인
    • 비용 효율이 높은 새로운 대체품
    • 기타
  • 산업 밸류체인 분석
  • Porter's Five Forces 분석
    • 공급 업체의 교섭력
    • 소비자의 교섭력
    • 신규 진출의 위협
    • 대체 제품 및 서비스의 위협
    • 업계내 경쟁

제5장 시장 세분화

  • 등급 유형별
    • 75%
    • 80%
    • 85%
    • 94%
    • 99%
  • 용도별
    • 동물 사료
    • 가죽 태닝
    • 섬유 염색·마무리
    • 의약품의 중간체
    • 기타
  • 지역별
    • 아시아태평양
    • 북미
    • 유럽
    • 남미
    • 중동·아프리카

제6장 경쟁 구도

  • 인수 합병, 합병사업, 협업 및 계약
  • 시장 점유율 분석
  • 주요 기업의 채택 전략
  • 기업 개요
    • Anhui Asahi Kasei Chemical
    • BASF SE
    • Beijing Chemical Industry Group
    • Eastman Chemical Company
    • Feicheng Acid Chemical
    • Gujarat Narmada Valley Fertilizers & Chemicals Limited
    • Luxi Chemical Group Co. Ltd
    • Perstorp
    • Rashtriya Chemicals and Fertilizers Limited
    • Shandong Baoyuan Chemical Co. Ltd
    • Shanxi Province Yuanping Chemicals Co. Ltd
    • Wuhan Rui Fuyang Chemical Co. Ltd

제7장 시장 기회 및 향후 전망

  • 동물 사료용 항생제의 대체로서의 유기산
KSA 20.01.17

The Global Formic Acid Market was valued at around 600 kilotons in 2020 and the market is projected to register a CAGR of over 3% during the forecast period (2021-2026). Due to COVID-19, due to lockdown regulations and a deficient number of workers, the production in various chemical and other industries has decreased and the supply of raw materials to the industries decreased. The animal feed industry which is the major end-user industry of formic acid has also been badly affected by the closure of restaurants around the globe. The coronavirus crisis has severely harmed the supply of animal feed, despite the fact that demand has remained relatively stable world. It is estimated that the animal feed mills in 2020 are 28,414 decreased to 3% compared to 29,345 in 2019. Owing to all these factors, the formic acid market is negatively impacted by COVID-19.

  • Over the medium term, the major factors driving the growth of formic acid are the increasing demand for preservatives and feed additives and the increasing consumption of meat and poultry.
  • On the flipside, regulations regarding the usage of formic acid and COVID-19 impact on formic acid are expected to hinder the market growth.
  • Asia-Pacific region is expected to dominate the market and is estimated to witness highest CAGR during the forecast period.

Key Market Trends

Animal Feed a Huge Market Potential

  • Formic acid, as a commercial animal feed additive, is added to the animal diet for feed acidification.
  • It is used as an animal feed additive for fisheries, cattle, poultry, etc. The growth of cattle and poultry is higher in countries, such as the United States, China, India, etc., and these are the countries where the demand for formic acid has increased at a moderately high rate.
  • Formic acid is also used as an antibacterial agent and preservative in livestock feed.
  • Formic acid is sprayed on fresh hay, in order to delay or halt decay, thereby, allowing the feed a longer survival period. This process is of particular importance in the preservation of winter cattle feed.
  • In poultry farming, formic acid is applied to feed, in order to kill salmonella bacteria. These practices are widespread in Europe, but are not as common in the United States, due to the generally low commercial availability of formic acid.
  • In addition, the use of formic acid on hay feed may reduce the total milk fat when given to milch cows.
  • According to survey by Alltech(animal nutrition, feed and supplements company), the global animal feed production increased 1% in 2020 to 1,187.7 million metric tons compared to 2019.
  • These applications of formic acid are on the rise, due to the increase in demand for animal feed. This trend is expected to contribute to the demand for formic acid, over the forecast period.

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share. The region is expected to dominate the market during the forecast period, owing to the demand for meat and poultry, coupled with the demand from the textile industry in countries, such as China and India.
  • China is among the largest meat producers in the world. The top three categories include pork, chicken, and beef. In 2019, according to the National Bureau of Statistics China, the volume of beef and veal production in China is around 6.67 million metric tons.
  • In 2020, according to the US Department of Agriculture, broiler meat production in China is estimated at around 15.5 million metric tons.
  • At present, India is the fifth-largest feed manufacturer in the world. The commercial feed industry in India is around 28 million metric ton and caters largely to poultry feed (70-75%), aquaculture feed (10-12%), and dairy feed (10-15%). In terms of revenue, the local animal feed is valued at more than USD 5.35 billion in 2019 and is expected to reach more than USD 12 billion by 2025, with a CAGR of more than 14%. In 2019, India exported 123,830 metric ton of various kinds of animal feed to the world, valued at 228 million USD, representing 1.5% of the world's export.
  • China's textile and apparel makers are going through painful industrial restructuring. While the country, with enormous production capacity, is still the world's largest clothing exporter, oversupply at home, high labor costs, and rising global protectionism have all eroded its competitiveness.
  • All the aforementioned factors, in turn, expected to increase the demand for formic acid in the region during the forecast period.

Competitive Landscape

The global formic acid market is fragmented. The major players in the market are BASF SE, Perstorp, Eastman Chemical Company, LUXI GROUP, and Anhui Asahi Kasei Chemical Co., Ltd, among others.

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TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand for Preservatives and Feed Additives
    • 4.1.2 Increasing Consumption of Meat and Poultry
  • 4.2 Restraints
    • 4.2.1 Emerging Cost-effective Substitutes
    • 4.2.2 Impact of COVID-19
    • 4.2.3 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 The Bargaining Power of Suppliers
    • 4.4.2 The Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition
  • 4.5 Price Analysis

5 MARKET SEGMENTATION (Market Size by Volume and Value)

  • 5.1 Grade Type
    • 5.1.1 75%
    • 5.1.2 80%
    • 5.1.3 85%
    • 5.1.4 94%
    • 5.1.5 99%
  • 5.2 Application
    • 5.2.1 Animal Feed
      • 5.2.1.1 Silage Additive
      • 5.2.1.2 Preservative
    • 5.2.2 Leather Tanning
    • 5.2.3 Textile Dyeing and Finishing
    • 5.2.4 Intermediary in Pharmaceuticals
    • 5.2.5 Other Applications
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
      • 5.3.1.1 China
      • 5.3.1.2 India
      • 5.3.1.3 Japan
      • 5.3.1.4 South Korea
      • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
      • 5.3.2.1 United States
      • 5.3.2.2 Canada
      • 5.3.2.3 Mexico
    • 5.3.3 Europe
      • 5.3.3.1 Germany
      • 5.3.3.2 United Kingdom
      • 5.3.3.3 Italy
      • 5.3.3.4 France
      • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
      • 5.3.5.1 Saudi Arabia
      • 5.3.5.2 South Africa
      • 5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Anhui Asahi Kasei Chemical Co., Ltd
    • 6.4.2 BASF SE
    • 6.4.3 Beijing Chemical Industry Group Co., Ltd
    • 6.4.4 Eastman Chemical Company
    • 6.4.5 Feicheng Acid Chemicals Co., Ltd.
    • 6.4.6 GNFC. Limited
    • 6.4.7 LUXI GROUP
    • 6.4.8 Perstorp
    • 6.4.9 Rashtriya Chemicals and Fertilizers Limited
    • 6.4.10 Shandong Baoyuan Chemical Co., Ltd
    • 6.4.11 Shanxi Province Yuanping Chemicals Co., Ltd
    • 6.4.12 Wuhan Ruisunny Chemical

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Organic Acid as a Substitute for Antibiotics in Animal Feed
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