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Formic Acid Market Growth 2019-2024

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gargi patil
Formic Acid Market Growth 2019-2024

Formic Acid - MARKET ADVISORY SERVICES

Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor.

It is also the simplest carboxylic acid.

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.

According to this study, over the next five years the Formic Acid market will register a 1.3% CAGR in terms of revenue, the global market size will reach US$ 791.4 million by 2024, from US$ 740.1 million in 2019.

Formic acid report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

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