Title: Methyl Formate Market Study Provides Latest Intelligence on Growth in 2024 and Beyond
Global Methyl Formate supply-demand continues to be impacted by broader developments in the chemicals sector. The new Methyl Formate market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2019-2029).
The study tracks Methyl Formate demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Methyl Formate in particular.
How will Methyl Formate Sales Grow in 2024 and Beyond
The Methyl Formate industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Methyl Formate will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2024 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2024, after contracting by 2% in 2024. Recovery is likely to be sustained with a growth of 2% also expected in 2024.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2024, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Methyl Formate Market Segmentation
Global methyl formate market can be segmented on the basis of product type and end use.
On the basis of product type methyl formate market is segmented as:
- Methyl Format 92-97%
- Methyl Format 97%
- Others
On the basis of end-use, methyl formate market is segmented as:
- Pharmaceutical
- Metal Foundries
- Pesticides
- Others
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Methyl Formate companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Methyl Formate market include (BASF SE,Eastman Chemical Company,Sigma-Aldrich (Merck Group,Tradex Corporation,Mitubishi Gas Chemicals,Chevron Chemical Company,The Good Scents Company,Isotopes Inc.,GFS Chemicals,Shaanxi Top Pharm)
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Methyl formate market regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
- East Asia (China, Japan and South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia)
- Oceania
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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