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FORMIC ACID - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Formic acid is a clear, colourless, mobile liquid with a pungent odour. It is highly corrosive and a moderate fire hazard. Formic acid is mainly used in pharmaceutical, pesticide, leather, textile, rubber, steel, paper, food industry etc. Most applications require concentrations of 85% (the industry standard and most common), 90%, 94% or 98-99%, which accounts for 28% of world demand. The largest use, accounting for about 19% of global demand, is as a silage additive in Europe, while almost 15% of global demand is as a preservative in animal feed. Formic acid is used in various stages of leather and textile processing and in natural rubber manufacturing. Formic acid products are widely used in biomaterial preservation and as antibiotics replacers in industrial animal feed. Due to its acidic and reducing reactions formic acid is an important chemical building block in the chemical and pharmaceutical industries. It is used for acidity control and cleaning in processes where lowest environmental impact is sought and no residues allowed. Formic acid is the simplest organic acid, present in large quantities in animal and plant life. It is a clear liquid with a sharp acidic smell. It decomposes easily in the environment into carbon oxides and water. It is manufactured from carbon monoxide and water. The global demand is around 0.5 million metric tonnes per annum. Global demand growth is forecast at 3.4%/year to 2011. The overall growth rate would be slightly ahead of GDP around 3 to 4% per annum. Regionally, consumption will rise by 4.6%/year in Asia-Pacific, 3.5%/year in Africa and Asia/Middle East, 3%/year in the Americas, 2.6%/year in western Europe and 1.9%/year in Japan. Worldwide, 38 000 tonne/year of new capacity will come onstream within the next four years. Leather sector can be the thrust area for growth. Most applications require formic acid in concentrations of 85%, 90%, 94% or 99%. The Indian demand for the period Apr. 2010 to Mar 2011 is around 27,000 tonnes. The major producers are Rashtriya Chemicals & Fertilizers Ltd.,Mumbai & Gujarat Narmada Valley Fertilizers Co. Ltd.,Gujarat. There is ample space and good scope for this product due to its multivarious end users. New entrepreneurs should think of capacity creation in this field.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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FORMIC ACID - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Formic acid is a clear, colourless, mobile liquid with a pungent odour. It is highly corrosive and a moderate fire hazard. Formic acid is mainly used in pharmaceutical, pesticide, leather, textile, rubber, steel, paper, food industry etc. Most applications require concentrations of 85% (the industry standard is most common), 90%, 94% or 98 to 99%, which accounts for 28% of world demand. The largest use, accounting for about 19% of global demand, is as a silage additive in Europe, while almost 15% of global demand is as a preservative in animal feed. Formic acid is used in various stages of leather and textile processing and in natural rubber manufacturing. Formic acid products are widely used in biomaterial preservation and as antibiotics replacers in industrial animal feed. Due to its acidic and reducing reactions formic acid is an important chemical building block in the chemical and pharmaceutical industries. It is used for acidity control and cleaning in processes where lowest environmental impact is sought and no residues allowed. Formic acid is the simplest organic acid, present in large quantities in animal and plant life. It is a clear liquid with a sharp acidic smell. It decomposes easily in the environment into carbon oxides and water. It is manufactured from carbon monoxide and water. The global demand is around 0.5 million metric tonnes per annum. Global demand growth is forecast at 3.4%/year to 2011. The overall growth rate would be slightly ahead of GDP around 3 to 4% per annum. Regionally, consumption will rise by 4.6%/year in Asia Pacific, 3.5%/year in Africa and Asia/Middle East, 3%/year in the Americas, 2.6%/year in western Europe and 1.9%/year in Japan. Worldwide, 38 000 tonne/year of new capacity will come on stream within the next four years. Leather sector can be the thrust area for growth. Most applications require formic acid in concentrations of 85%, 90%, 94% or 99%. The Indian demand for the period Apr. 2010 to Mar 2011 is around 27,000 tonnes. The major producers are Rashtriya Chemicals & Fertilizers Ltd., Mumbai & Gujarat Narmada Valley Fertilizers Co. Ltd., Gujarat. There is ample space and good scope for this product due to its multivarious end users. New entrepreneurs should think of capacity creation in this field.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Production of Formic Acid

Production of Formic Acid. Investment Opportunities in Chemical Industry. Formic acid was first isolated from certain ants and was named after the Latin Formica, meaning ant. It is made by the action of sulfuric acid upon sodium formate, which is produced from carbon monoxide and sodium hydroxide. Formic acid. Saturated fat. The principal use of formic acid is as a preservative and antibacterial agent in livestock feed. When sprayed on fresh hay or other silage, it arrests certain decay processes and causes the feed to retain its nutritive value longer and so it is widely used to preserve winter feed for cattle. Formic acid is also prepared in the form of its esters by treatment of carbon monoxide with an alcohol such as methanol (methyl alcohol) in the presence of a catalyst. Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid. It is used in many areas, from leather processing to feed preservation. Formic acid is soluble in water, various alcohols, acetone and ether. Most applications require formic acid in concentrations of 85%, 90%, 94% or 99%; the 85% product accounts for the major portion of global demand and is considered the industry standard. Market Outlook The global demand will increase from 95.4 Mb/d to 102.3 Mb/d with an annual growth rate of 1.2 Mb/d in terms of the barrel. Furthermore, the organization estimates the demand growth rate to be 0.6% through to 2040. This upsurge in the demand for oil will substantially resonate with the demand influx in the formic acid market that was valued to be around $550 million. This attributes to the application of formic acid in the oil & gas sector as the derivative of the chemical, potassium formate brine is added to drilling fluids in order to make them heavier. The demand for formic acid in various industries will observe a compound annual growth rate (CAGR) of 4.9% during the forecast period of 2019 to 2025. The pharmaceutical sector has been making strides with a gamut of international companies investing in developing economies such as India. Subsequently, the demand for formic acid, which is used in pharmaceutical industries, is on the rise. The region led the formic acid market. One of the major factors driving the growth of formic acid is the increasing demand for preservatives and feed additives. Increasing consumption of meat and poultry has also hugely attributed to the growth of the market. The market is segmented into animal feed, rubber and leather, finishing textile, dyeing, cleaning agents, and others. Formic Acid & rsquos proliferation in the animal feed industry has been so extensive that it is now dominating the segment and will continue to do in the coming years. Agriculture and animal feed industries are experiencing a transformation due to the increasing implementation of formic acid. Formic acid is the simplest form of the carboxylic acid, and its eco-friendly features assist in protecting livestock feed, ensuring nutritional value and increasing shelf life of foods to maintain a continuous supply of the same during the winter season. Global formic acid market is anticipated to witness significant growth increasing application scope in various end-use industries including leather, textile, rubber, chemical, pharmaceutical and agriculture. Rising demand for preservative and antibacterial agents in cattle feed is expected to augment the formic acid market growth. Rubber and leather industry are anticipated to be the fastest growing application segment owing to rising demand for tires and consumer goods in Asia Pacific. However agriculture segment is expected to witness largest demand on account of increasing use of animal feed additives. Superior antibacterial properties further fuel formic acid demand in aforementioned applications. Growing health and safety concerns ban on use of antibiotics in animal feedstock and increasing consumption of poultry & meat products are anticipated to propel the formic acid market over the next seven years. Asia Pacific formic acid market is anticipated to grow at a fast pace over the forecast period owing to increasing demand in rubber, agriculture, leather & textile industries in China and India. Lower capital and labor costs along with rapidly growing market in China are expected to draw high investments from major players. Agricultural segment is poised to lead the formic acid market is expected to create growth opportunities. Formic acid as a commercial animal feed additive, is added to the animal diet for feed it is used as an animal feed additive for fisheries, cattle, poultry, etc. 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. The use of formic acid on hay feed may reduce the total milk fat when given to mulch cows. 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. Key Players ? BASF SE (Germany) ? Feicheng Acid Chemical (China) ? Gujarat Narmada Valley Fertilizers & Chemicals Limited (India) ? Chongqing Chuandong Chemical (Group) Co., Ltd (China) ? LUXI Group Co., Ltd. (China) ? Eastman Chemical Company (U.S) ? Perstorp AB (Sweden) ? Anhui Asahi Kasei Chemical ? Rashtriya Chemicals and Fertilizers ? Tianyuan Group ? Feicheng Acid ? Perstorp ? Wuhan Ruisunny Chemical ? Shandong Rongyue Chemical ? Huaqiang Chemical ? Shanxi Yuanping Chemicals Tags #formicacid #Acid #FormicAcid #chemicalIndustry #FormicAcidMarket #FormicAcidMarketSize #FormicAcidMarketDemand #DetailedProjectReport #businessconsultant #Manufacturing #BusinessPlan #marketresearchreport #ProjectReportForBankLoan #entrepreneurship #businessbook #futurebusiness #smallbusiness #technologyindustry #businessbook #businessopportunity #businessdevelopment #businessstrade Formic Acid Manufacturing Plant, new small scale ideas in Formic Acid processing industry, Process technology books, Business consultancy, Business consultant, Project identification and selection, Preparation of Project Profiles, Startup Business guidance, Business guidance to clients, Startup Project for Formic Acid, Startup Project, Startup ideas, Project for startups, Startup project plan, Business start-up, Business Plan for a Startup Business, Great Opportunity for Startup, Small Start-up Business Project, Start-up Business Plan for Formic Acid, Start Up India, Stand Up India, Formic Acid Making Small Business Manufacturing, Small scale Formic Acid making machine Formic Acid production line, Formic Acid making machine factory, Modern small and cottage scale industries, Profitable small and cottage scale industries, Setting up and opening your Formic Acid Business, How to Start a Formic Acid?, How to start a successful Formic Acid business, Small scale Commercial Formic Acid making, Best small and cottage scale industries, Formic Acid Business, Profitable Small Scale Manufacturing, Feasibility Reports List, Detailed Project Reports List, Project Reports, Niir Project Consultancy Services, Business Ideas, Entrepreneur business of Formic Acid, Business Plan, Technology Book on Formic Acid, Manufacturing Business of Formic Acid, Detailed Project Report on Formic Acid, Market Research Report, Techno-Economic Feasibility Study on Formic Acid, Feasibility Report, Project Report & Profile, Project Consultancy, Startup, Small Business, Database, Technologies, Project Opportunities, Manufacturing Process, Technology Books, Business Listing, Business Books, Entrepreneur India Magazine, Small Scale Industries, Consultancy for Formic Acid, Feasibility Report, Project Report, Technology Book on Formic Acid, Business Ideas, Startup Project, Project Consultancy on Formic Acid, Niir Project Consultancy Services , Project Profile, Small Scale Industry, manufacturing business, technology on Formic Acid, Consultancy Services, Consultant for Formic Acid, Feasibility Report on Formic Acid, Production of Formic Acid, project cost, Investment Opportunities of Formic Acid, Industry Trends, Project Reports and Technology Books on Formic Acid, Industry, Market Detailed Analysis Report, Profitable business on Formic Acid
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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