Pro
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | Carbonylation of Methanol | Oxalic Acid |
|---|---|---|
| 2014 | 73.85 USD Mn | 32.63 USD Mn |
| 2015 | 74.45 USD Mn | 32.93 USD Mn |
| 2016 | 75.08 USD Mn | 33.24 USD Mn |
| 2017 | 76.21 USD Mn | 33.78 USD Mn |
| 2018 | 77.84 USD Mn | 34.54 USD Mn |
| 2019 | 80.00 USD Mn | 35.53 USD Mn |
| 2020 | 82.75 USD Mn | 36.79 USD Mn |
| 2021 | 86.11 USD Mn | 38.33 USD Mn |
| 2022 | 90.17 USD Mn | 40.17 USD Mn |
| 2023 | 95.00 USD Mn | 42.37 USD Mn |
| 2024 | 100.70 USD Mn | 44.96 USD Mn |
| 2025 | 107.39 USD Mn | 47.99 USD Mn |
| 2026 | 115.21 USD Mn | 51.54 USD Mn |
| 2027 | 124.34 USD Mn | 55.68 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The 2027] North America by Production Method portion of the Global Formic Acid market [2014 market is on a steady long-term growth path. Segment value stands at roughly USD 167 Mn in 2026 and is projected to reach USD 180 Mn by 2027 — a gain of about 8% over the forecast period, translating to a CAGR in the high single digits.
- 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.
- What the regional split looks like (2026): Carbonylation of Methanol leads, holding roughly 69% of segment value — the single largest regional share. Oxalic Acid is the second-largest contributor.
- By 2027, Carbonylation of Methanol alone is expected to reach USD 124 Mn, with Oxalic Acid at USD 56 Mn.
Market Dynamics
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.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
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Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.