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市場調查報告書
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1190950

全球甲酸市場 - 增長、趨勢、COVID-19 影響和預測 (2023-2028)

Formic Acid Market - Growth, Trends, and Forecasts (2023 - 2028)

出版日期: | 出版商: Mordor Intelligence | 英文 120 Pages | 商品交期: 2-3個工作天內

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簡介目錄

到今年年底,全球甲酸市場預計將達到 1,092.35 千噸,預測期內的複合年增長率將超過 3.5%。

由於 COVID-19 大流行,隔離限制和工人減少導致各種化學和其他行業的生產減少,從而減少了該行業的原材料供應。 然而,預計市場將在預測期內復蘇。

主要亮點

  • 從中期來看,對動物飼料和青貯添加劑的需求不斷增加將推動甲酸市場的增長。
  • 其他具有成本效益的替代品的出現和高級甲酸的高毒性水平是預計在預測期內限制目標行業增長的主要因素。
  • 甲酸在燃料電池中的可持續使用可能為甲酸市場帶來機遇。
  • 亞太地區在市場中佔據主導地位,預計在預測期內將保持最高的複合年增長率。

主要市場趨勢

動物飼料和青貯飼料添加劑主導市場

  • 動物飼料和青貯飼料添加劑製造商使用甲酸作為固體或液體形式的添加劑,甲酸被認為對動物健康是安全的。 隨著動物數量的增加,動物食品安全已成為維護的重要問題。
  • 甲酸通過酸化作用抑制飼料中的有害細菌,提高飼料轉化率並支持飼料消化。 甲酸是第二重要的抑制細菌生長的有機酸。 它能抑制致病菌的生長,是生產優質青貯飼料的重要因素,已被證明能有效抑制青貯微生物的生長。
  • 此外,甲酸在飼料防腐方面的特性更為獨特,因此這一時期市場對甲酸的需求增加。
  • 甲酸和糖蜜的組合是保存基於種子的南瓜葉 (SUPL) 青貯飼料的一種有前途的策略,並為其他蔬菜廢棄物的清潔利用提供了參考。
  • 亞洲和歐洲國家在很大程度上已不再使用抗生素,而是廣泛涉足飼料酸化劑。 此外,這些地區的中國、印度、泰國和德國等新興經濟體對肉類、牛奶和雞蛋的需求不斷增加,推動了農場對甲酸的需求。
  • 根據聯合國糧食及農業組織 (FAO) 的數據,到 2050 年,全世界 60% 以上的糧食都必須自己生產。 到 2050 年,肉類(雞肉、豬肉、牛肉)產量將增加一倍,而奶製品和魚類產量將增加近兩倍,飼料消費量的增加將推動市場研究——動物蛋白產量將進一步增加。
  • 這些因素預計將在預測期內推動全球市場對甲酸的需求。

亞太地區主導市場

  • 全球市場份額由亞太地區主導。 由於中國和印度等國家對肉類和家禽的需求以及紡織行業的需求,該地區預計在預測期內將繼續主導市場。
  • 根據美國農業部的數據,2023 年中國的雞肉產量預計將穩定在 1430 萬噸 (MMT)。 預計到 2023 年,對負擔得起的家禽產品的需求將會增加。 隨著消費者轉向更多樣化的蛋白質飲食,對白肉雞產品的需求將增加,從而推動產量增加。
  • 今年1-3月中國豬肉產量同比增長14%至1561萬噸,2021年二季度末產量為4564萬頭。
  • 中國是世界上最大的紡織品和服裝生產國和出口國。 中國產能巨大,紡織服裝產品處於供過於求的狀態。 然而,勞動力成本上升和全球保護主義抬頭正在削弱其競爭力。 近年來,該國的勞動力成本大幅上升,與許多亞洲國家競爭。
  • 印度是世界上最大的牛奶和水牛生產國。 飼養的山羊數量也名列前茅。 由於人均收入的顯著提高和人們健康意識的提高,對肉類、牛奶和纖維的需求一直在逐漸增加,預計未來還會進一步增加。 畜牧業形勢是推動印度動物飼料需求的因素之一。
  • 此外,據 Invest India 估計,到 2025 年,動物飼料市場將達到 60 億美元。 另一方面,配合飼料的市場潛力為400-6.5億美元,到2025年年增長率為16%。 主要的增長因素是有機飼料市場的低滲透率和正宗產品的增加。
  • 因此,這種動物飼料行業趨勢預計將推動對甲酸的需求,尤其是對動物飼料和青貯飼料添加劑的需求。
  • 預計所有上述因素都會影響預測期內同一地區對甲酸的需求。

競爭格局

全球甲酸市場具有綜合性。 市場上的主要參與者(排名不分先後)是巴斯夫歐洲公司、山東酸化科技、魯西集團、伊士曼化工公司、柏斯託等。

其他好處

  • Excel 格式的市場預測 (ME) 表
  • 三個月的分析師支持

內容

第一章介紹

  • 調查先決條件
  • 調查範圍

第二章研究方法論

第 3 章執行摘要

第四章市場動態

  • 司機
    • 擴大對飼料添加劑和青貯飼料添加劑的需求
    • 其他司機
  • 約束因素
    • 其他抑製劑
  • 工業價值鏈分析
  • 產業吸引力 - 波特五力分析
    • 供應商的議價能力
    • 買家的議價能力
    • 新進入者的威脅
    • 替代品的威脅
    • 競爭程度
  • 價格分析

第 5 章市場細分(市場規模:基於數量)

  • 用法
    • 飼料添加劑、青貯飼料添加劑
    • 皮革鞣製
    • 紡織染整
    • 醫藥中間體
    • 其他用途
  • 按地區
    • 亞太地區
      • 中國
      • 印度
      • 日本
      • 韓國
      • 其他亞太地區
    • 北美
      • 美國
      • 加拿大
      • 墨西哥
    • 歐洲
      • 德國
      • 英國
      • 意大利
      • 法國
      • 其他歐洲
    • 南美洲
      • 巴西
      • 阿根廷
      • 其他南美洲
    • 中東和非洲
      • 沙特阿拉伯
      • 南非
      • 其他中東和非洲地區

第六章競爭格局

  • 併購、合資企業、合作、合同
  • 市場份額 (%) 分析
  • 主要參與者採用的策略
  • 公司簡介
    • BASF SE
    • Eastman Chemical Company
    • Shandong Acid Technology Co. Ltd□
    • Gujarat Narmada Valley Fertilizers & Chemicals Limited
    • LUXI GROUP
    • Perstorp Holdings AB
    • POLIOLI SpA
    • PT PUPUK KUJANG
    • Rashtriya Chemicals and Fertilizers Limited
    • Wuhan Ruisunny Chemical Co. Ltd

第七章市場機會與未來趨勢

  • 甲酸在燃料電池中的可持續利用
簡介目錄
Product Code: 50869

The formic acid market is expected to reach 1,092.35 kilotons by the end of this year and register a CAGR of over 3.5% during the forecast period.

Due to the COVID-19 pandemic-induced lockdown regulations and fewer workers, production in various chemical and other industries has reduced, resulting in a reduced supply of raw materials to industries. However, the market is expected to get better during the forecast period.

Key Highlights

  • Over the medium term, the growing demand for animal feed and silage additives is driving the growth of the formic acid market​.
  • The emergence of other cost-effective substitutes and high toxic levels of higher-grade formic acid are the key factors anticipated to restrain the growth of the target industry over the forecast period.
  • The sustainable use of formic acid in a fuel cell will likely act as an opportunity for the formic acid market.
  • The Asia-Pacific region is expected to dominate the market and is estimated to witness the highest CAGR during the forecast period.

Key Market Trends

Animal Feed and Silage Additives to Dominate the Market

  • Animal feed and silage additive manufacturers use formic acid as an additive in solid or liquid form, which is also considered safe for animal health. With the growing population of animals, food security for them is an important issue that should be maintained.
  • Formic acid inhibits harmful bacteria in the feed through acidification and supports feed digestion with better feed conversion. Formic acid is the second more vital organic acid, inhibiting bacterial growth. It is an essential element for high-quality forage silage production to impede the proliferation of pathogens and has been found effective for the growth inhibition of silage microorganisms.
  • Additionally, the property of formic acid to preserve feed mixes makes it more unique, hence upsurging the demand for formic acid in the market over the period.
  • The combined usage of formic acid and molasses could serve as a promising strategy for preserving seed-used pumpkin leaves (SUPLs) silage providing a reference for the clean utilization of other vegetable wastes.
  • Countries of Asia and Europe are majorly shifting from applying antibiotics and broadly engaging themselves in feed acidulants. Moreover, emerging economies such as China, India, Thailand, and Germany in these regions are escalating the demand for meat, milk, and egg, propelling the demand for formic acid in the farms.
  • According to the United Nations Food and Agricultural Organization (FAO), the world will have to produce 60% more food by 2050. It is believed that animal protein production will grow even more - meats (poultry/swine/beef) will double, and dairy and fish production will almost triple by 2050, increasing the feed consumption which drives the market studied​.
  • These factors above are expected to boost the demand for formic acid in the global market over the forecast period.

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share. The region is expected to continue dominating the market during the forecast period, owing to the demand for meat and poultry coupled with the demand from the textile sector in countries such as China and India.
  • According to United States Department of Agriculture, China's chicken production is expected to remain steady at 14.3 million metric tons (MMT) in 2023. Demand for affordable chicken products is expected to grow in 2023. Consumers' shift towards a more diverse protein diet will drive demand for white broiler products and drive increases in production.
  • China produced 15.61 million tonnes of pork in the first three months of the year, up 14% from a year earlier, and produced 45.64 million head by the end of Q2 2021.
  • China is the largest producer and exporter of textiles and clothing in the world. With enormous production capacity, China has an oversupply of textiles and clothing products. However, the increasing labor costs and rising global protectionism weakened its competitiveness. The labor costs in the country increased significantly in recent years and crossed many other countries in Asia.
  • India is the world's largest producer of milk and buffalo meat. The country ranks on top in goat population. The demand for meat, milk and fiber is increasing progressively and expected to further rise in future in view of sizable increase in per capita income and health consciousness of people. Such livestock farming scenario stands to be one of the factors driving animal feed demand in the country.
  • Moreover, Invest India estimates that by 2025, the animal feed market might be worth USD 6 billion. Compound cattle feed, on the other hand, has a market potential of USD 400-650 million dollars, with a 16% annual growth rate by 2025, with main growth drivers including low organic feed market penetration, growing formal offtake, and others.
  • Hence, such trends in the animal feed industry are projected to drive the demand for formic acid, notably for animal feed and silage additives.
  • All the aforementioned factors, in turn, are expected to affect the demand for formic acid in the region during the forecast period.

Competitive Landscape

The global formic acid market is consolidated in nature. The major players in the market (in no particular order) are BASF SE, Shandong Acid Technology Co. Ltd., LUXI Group, Eastman Chemical Company, and Perstorp, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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 Growing Demand for Animal Feed and Silage Additives
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 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 in Volume)

  • 5.1 Application
    • 5.1.1 Animal Feed and Silage Additives
    • 5.1.2 Leather Tanning
    • 5.1.3 Textile Dying and Finishing
    • 5.1.4 Intermediary in Pharmaceuticals
    • 5.1.5 Other Applications
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
      • 5.2.1.1 China
      • 5.2.1.2 India
      • 5.2.1.3 Japan
      • 5.2.1.4 South Korea
      • 5.2.1.5 Rest of Asia-Pacific
    • 5.2.2 North America
      • 5.2.2.1 United States
      • 5.2.2.2 Canada
      • 5.2.2.3 Mexico
    • 5.2.3 Europe
      • 5.2.3.1 Germany
      • 5.2.3.2 United Kingdom
      • 5.2.3.3 Italy
      • 5.2.3.4 France
      • 5.2.3.5 Rest of Europe
    • 5.2.4 South America
      • 5.2.4.1 Brazil
      • 5.2.4.2 Argentina
      • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
      • 5.2.5.1 Saudi Arabia
      • 5.2.5.2 South Africa
      • 5.2.5.3 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 BASF SE
    • 6.4.2 Eastman Chemical Company
    • 6.4.3 Shandong Acid Technology Co. Ltd​
    • 6.4.4 Gujarat Narmada Valley Fertilizers & Chemicals Limited
    • 6.4.5 LUXI GROUP
    • 6.4.6 Perstorp Holdings AB
    • 6.4.7 POLIOLI SpA
    • 6.4.8 PT PUPUnited Kingdom KUJANG
    • 6.4.9 Rashtriya Chemicals and Fertilizers Limited
    • 6.4.10 Wuhan Ruisunny Chemical Co. Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Sustainable Use of Formic Acid in Fuel Cell