What is Formamidine Acetate?
Formamidine acetate salt is used in the preparation of formamidinium lead triiodide (FAPbI3) perovskites. This formamidinium lead triiodide (FAPbI3) perovskites are used in perovskite solar cells. Formamidine acetate is also used in the synthesis of formamidinium lead bromide nanocrystals which are used as emitters in display applications. It is soluble in water and hot alcohol. It is hygroscopic in nature. It is incompatible with oxidizing agents, and moisture sensitive in nature. Formamidine acetate is crystalline in nature and washed thoroughly by ethanol. Formamidine acetate is witnessing huge demand in pharmaceutical industry as it is used as intermediate in synthesis of active pharmaceutical ingredients. Thus, rising expenditure of this end use industries has impacted on the demand for Formamidine Acetate in positive manner. Geographically, Asia Pacific region is witnessing huge demand for Formamidine Acetate owing to increasing pharmaceutical industry followed by North America and Europe.
The market study is broken down by Type (<99% Purity and 99% Purity), by Application (Personal Care Products, Solar Cells, Fertilizers and Others) and major geographies with country level break-up.
The market of Formamidine Acetate is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide Formamidine Acetate in agrochemicals, cosmetics and chemical industry. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacted on competitive rivalry. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck KGaA (Germany), Evonik Industries (Germany), Mitsubishi Chemical (Japan), BASF (Germany), Waterstone Electronics Technology (Shanghai) Co., Ltd. (China), Anvia Chemicals, LLC (United States), Suzhou Highfine Biotech Co., Ltd. (China), Apollo Scientific Chemicals Ltd. (United Kingdom), Pure Chemistry Scientific Inc. (United States), HBCChem, Inc. (United States), TCI Chemicals (India) Pvt. Ltd. (India) and Henan Jindan Bond Chemical Technology Ltd. (China) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Formamidine Acetate market by Type, Application and Region.
On the basis of geography, the market of Formamidine Acetate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Formamidine Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Pharmaceutical Grade will boost the Formamidine Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Preference for Formamidine Acetate as Agrochemical is Expected to Gain Highest Market Share
- Rising Demand for Formamidine Acetate in Pharmaceutical and Agricultural Industry
- Increasing Industrial Infrastructure of Chemical Industry
- Rising Cosmetics Industrial Infrastructure of Asia Pacific Region
- Increasing R & D Investments from Market Players across Industries
- Strengthen Government Regulations
- Disruption in Global Trading
- Availability of Alternatives
- Supply Chain Disruption Owing to Pandemic
Key Target AudienceFormamidine Acetate Manufacturers, Formamidine Acetate Suppliers/Distributor, Raw Material Suppliers, Research Laboratories, New Entrants/Investors, Governments and End Use Industry
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Merck KGaA (Germany), Evonik Industries (Germany), Mitsubishi Chemical (Japan), BASF (Germany), Waterstone Electronics Technology (Shanghai) Co., Ltd. (China), Anvia Chemicals, LLC (United States), Suzhou Highfine Biotech Co., Ltd. (China), Apollo Scientific Chemicals Ltd. (United Kingdom), Pure Chemistry Scientific Inc. (United States), HBCChem, Inc. (United States), TCI Chemicals (India) Pvt. Ltd. (India) and Henan Jindan Bond Chemical Technology Ltd. (China) etc.
2. What would be the Market Size of Formamidine Acetate Market by 2026?
Analysts at AMA estimates Formamidine Acetate Market to reach USDXXX by 2026.
3. Can we have customized study for Formamidine Acetate Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.