Formic Acid Market trends – Industry Forecast till 2024
Formic Acid Market size should show a significant increase due to rising application usage in agriculture, leather, and feed additive industries. It is also known as carboxylic or methanoic acid, can be produced synthetically and is found naturally in ant venom. It is a colorless liquid with a pungent odor and is known for its anti-microbial property which is the basis for most applications. Increasing use of the product in preservatives, its eco-friendliness and high quality is likely to boost formic acid market size. Increasing standard of living has led to a rise in meat consumption, which in turn has stimulated the animal feed industry. Global processed meat market may exceed about USD 1.5 million by 2024 and is likely to boost formic acid market size. Request for an in-depth table of contents of this report @ https://www.gminsights.com/request-toc/upcoming/2583 Increasing its application usage in leather & textiles, rubber, agriculture, and chemicals & ph