Formic Acid Market to Witness a High Growth by 2024: BASF, Eastman Chemical, Perstorp AB, Feicheng Acid Chemicals, Rashtriya Chemicals & Fertilizers
Asia Pacific, led by Japan, South Korea, Australia, Malaysia and China formic acid market size, may witness fast development due to rapid growth in the textile, leather and rubber industries. China is the largest producer and exporter due to availability of cheap labor and lax regulations in the country. Meat consumption in China may increase to almost 60 kilos per person in the forecasted time frame, which is likely to increase the demand for animal feed and have a positive...
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