North America Formic Acid Market Forecast (2014-2027)

Year UNITED STATES CANADA
2014 $ 69.14 $ 37.34
2015 $ 69.79 $ 37.58
2016 $ 70.49 $ 37.84
2017 $ 71.64 $ 38.34
2018 $ 73.27 $ 39.1
2019 $ 75.42 $ 40.12
2020 $ 78.11 $ 41.43
2021 $ 81.4 $ 43.04
2022 $ 85.35 $ 45.0
2023 $ 90.04 $ 47.33
2024 $ 95.57 $ 50.09
2025 $ 102.05 $ 53.32
2026 $ 109.63 $ 57.11
2027 $ 118.48 $ 61.54
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North America Formic Acid Market Forecast (2014-2027)

Synopsis
The above chart is Global Formic Acid market [2014-2027] by North America

Market Dynamics

united states accounted for the larger market share in 2015 in the north america formic acid market, and is expected to reach usd 118.48 million in 2027 from usd 69.79 million in 2015.this market is projected to grow at a cagr of 4.83% during the forecast period from 2016 - 2027. animal feed segment accounted for the largest market share in 2015, this market is expected to reach usd 55.03 million in 2027 from usd 31.19 million in 2015. this market is projected to grow at a cagr of 5.17% during the forecast period from 2016 - 2027. however, animal feed segment is the fastest growing market, which is expected to grow at a cagr of 5.17% during the forecast period 2016 - 2027. carbonylation of methanol segment accounted for the larger market share in 2015, this market is expected to reach usd 124.34 million in 2027 from usd 74.45 million in 2015. this market is projected to grow at a cagr of 4.69% during the forecast period from 2016 - 2027. however, oxalic acid segment is the fastest growing market, which is expected to grow at a cagr of 4.80% during the forecast period 2016 - 2027.

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