Global Formic Acid Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch's in-depth investigation and research, the global Formic Acid market size will reach 752.19 Million USD in 2025 and is projected to reach 953.76 Million USD by 2032, with a CAGR of 3.45% (2025-2032). Notably, the China Formic Acid market has changed rapidly in the past few years. By 2025, China's market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Formic acid, with the chemical formula HCOOH, is a simple carboxylic acid that occurs naturally in various organisms, particularly in the venom of certain ants. It is also commonly known as methanoic acid. In industrial settings, formic acid is produced synthetically and has diverse applications. It serves as a preservative and antibacterial agent in livestock feed, a coagulant in the rubber industry, and a reducing agent in textile and dyeing processes. Formic acid is utilized as a cleaning agent and de-icing agent and finds applications in leather processing, electroplating, and the production of various chemicals. It is a colorless liquid with a pungent odor and is considered a strong acid. Safety precautions are necessary when handling formic acid due to its corrosive nature.
The major global manufacturers of Formic Acid include BASF, Eastman, Perstorp, Rashtriya Chemicals and Fertilizers, Gujarat Narmada Valley Fertilizers & Chemicals, LUXI, Feicheng Acid, Chongqing Chuandong Chemical, Shijiazhuang Taihe Chemical, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Formic Acid. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Formic Acid market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Formic Acid market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Formic Acid industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Formic Acid Include:
BASF
Eastman
Perstorp
Rashtriya Chemicals and Fertilizers
Gujarat Narmada Valley Fertilizers & Chemicals
LUXI
Feicheng Acid
Chongqing Chuandong Chemical
Shijiazhuang Taihe Chemical
Formic Acid Product Segment Include:
Content 85%
Content below 85%
Content above 90%
Formic Acid Product Application Include:
Agriculture
Leather & Textile
Rubber
Chemical & Pharmaceuticals
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Formic Acid Capacity and Production Analysis
Chapter 3: Global Formic Acid Industry PESTEL Analysis
Chapter 4: Global Formic Acid Industry Porter's Five Forces Analysis
Chapter 5: Global Formic Acid Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 6: Global Formic Acid Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 7: Global Formic Acid Sales, Revenue, Price and Forecast by Product Type
Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 9: Industrial Chain Analysis, Formic Acid Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 10: Research Findings and Conclusion
Chapter 11: Methodology and Data Sources
According to DIResearch's in-depth investigation and research, the global Formic Acid market size will reach 752.19 Million USD in 2025 and is projected to reach 953.76 Million USD by 2032, with a CAGR of 3.45% (2025-2032). Notably, the China Formic Acid market has changed rapidly in the past few years. By 2025, China's market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Formic acid, with the chemical formula HCOOH, is a simple carboxylic acid that occurs naturally in various organisms, particularly in the venom of certain ants. It is also commonly known as methanoic acid. In industrial settings, formic acid is produced synthetically and has diverse applications. It serves as a preservative and antibacterial agent in livestock feed, a coagulant in the rubber industry, and a reducing agent in textile and dyeing processes. Formic acid is utilized as a cleaning agent and de-icing agent and finds applications in leather processing, electroplating, and the production of various chemicals. It is a colorless liquid with a pungent odor and is considered a strong acid. Safety precautions are necessary when handling formic acid due to its corrosive nature.
The major global manufacturers of Formic Acid include BASF, Eastman, Perstorp, Rashtriya Chemicals and Fertilizers, Gujarat Narmada Valley Fertilizers & Chemicals, LUXI, Feicheng Acid, Chongqing Chuandong Chemical, Shijiazhuang Taihe Chemical, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Formic Acid. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Formic Acid market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Formic Acid market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Formic Acid industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Formic Acid Include:
BASF
Eastman
Perstorp
Rashtriya Chemicals and Fertilizers
Gujarat Narmada Valley Fertilizers & Chemicals
LUXI
Feicheng Acid
Chongqing Chuandong Chemical
Shijiazhuang Taihe Chemical
Formic Acid Product Segment Include:
Content 85%
Content below 85%
Content above 90%
Formic Acid Product Application Include:
Agriculture
Leather & Textile
Rubber
Chemical & Pharmaceuticals
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Formic Acid Capacity and Production Analysis
Chapter 3: Global Formic Acid Industry PESTEL Analysis
Chapter 4: Global Formic Acid Industry Porter's Five Forces Analysis
Chapter 5: Global Formic Acid Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 6: Global Formic Acid Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 7: Global Formic Acid Sales, Revenue, Price and Forecast by Product Type
Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 9: Industrial Chain Analysis, Formic Acid Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 10: Research Findings and Conclusion
Chapter 11: Methodology and Data Sources
Table of Contents
165 Pages
- 1 Formic Acid Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Formic Acid Product by Type
- 1.2.1 Content 85%
- 1.2.2 Content below 85%
- 1.2.3 Content above 90%
- 1.3 Formic Acid Product by Application
- 1.3.1 Agriculture
- 1.3.2 Leather & Textile
- 1.3.3 Rubber
- 1.3.4 Chemical & Pharmaceuticals
- 1.3.5 Others
- 1.4 Global Formic Acid Market Revenue and Sales Analysis
- 1.4.1 Global Formic Acid Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Formic Acid Sales Market Sales Analysis (2020-2032)
- 1.4.3 Global Formic Acid Market Sales Price Trend Analysis (2020-2032)
- 1.5 Formic Acid Market Development Status and Trends
- 1.5.1 Formic Acid Industry Development Status Analysis
- 1.5.2 Formic Acid Industry Development Trends Analysis
- 2 Global Formic Acid Capacity and Production Analysis
- 2.1 Global Formic Acid Capacity, Production and Utilization (2020-2032)
- 2.2 Global Formic Acid Production Growth Trend by Region: 2024 VS 2025 VS 2032
- 2.3 Global Formic Acid Production by Region
- 2.3.1 Global Formic Acid Production by Region (2020-2025)
- 2.3.2 Global Formic Acid Production Forecast by Region (2026-2032)
- 2.3.3 Global Formic Acid Production Market Share by Region (2020-2032)
- 3 Formic Acid Market PESTEL Analysis
- 3.1 Political Factors Analysis
- 3.2 Economic Factors Analysis
- 3.3 Social Factors Analysis
- 3.4 Technological Factors Analysis
- 3.5 Environmental Factors Analysis
- 3.6 Legal Factors Analysis
- 4 Formic Acid Market Porter's Five Forces Analysis
- 4.1 Competitive Rivalry
- 4.2 Threat of New Entrants
- 4.3 Bargaining Power of Suppliers
- 4.4 Bargaining Power of Buyers
- 4.5 Threat of Substitutes
- 5 Global Formic Acid Market Analysis by Country
- 5.1 Global Formic Acid Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 5.1.1 Global Formic Acid Revenue and Market Share by Country (2020-2025)
- 5.1.2 Global Formic Acid Revenue and Market Share Forecast by Country (2026-2032)
- 5.2 Global Formic Acid Sales Analysis by Country: 2024 VS 2025 VS 2032
- 5.2.1 Global Formic Acid Sales and Market Share by Country (2020-2025)
- 5.2.2 Global Formic Acid Sales and Market Share Forecast by Country (2026-2032)
- 5.3 United States Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.4 Germany Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.5 Japan Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.6 China Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.7 France Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.8 U.K. Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.9 South Korea Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.10 Canada Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.11 Italy Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.12 Russia Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.13 Mexico Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.14 Brazil Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.15 India Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.16 Vietnam Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.17 Thailand Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 5.18 South Africa Formic Acid Market Sales, Revenue and Growth Rate (2020-2032)
- 6 Competition by Manufacturers
- 6.1 Global Formic Acid Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 6.1.1 Global Formic Acid Market Sales by Key Manufacturers (2021-2025)
- 6.1.2 Global Formic Acid Market Revenue by Key Manufacturers (2021-2025)
- 6.1.3 Global Formic Acid Average Sales Price by Manufacturers (2021-2025)
- 6.2 Formic Acid Competitive Landscape Analysis and Market Dynamic
- 6.2.1 Formic Acid Competitive Landscape Analysis
- 6.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 6.2.3 Market Dynamic
- 7 Formic Acid Market Analysis by Type
- 7.1 Global Formic Acid Market Revenue Analysis by Type
- 7.1.1 Global Formic Acid Market Size Analysis by Type: 2024 & 2025 & 2032
- 7.1.2 Global Formic Acid Revenue and Forecast Analysis by Type (2020-2032)
- 7.2 Global Formic Acid Market Sales and Forecast Analysis by Type (2020-2032)
- 7.3 Global Formic Acid Sales Price Trend Analysis by Type (2020-2032)
- 8 Key Companies Analysis
- 8.1 BASF
- 8.1.1 BASF Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.1.2 BASF Formic Acid Product Portfolio
- 8.1.3 BASF Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.2 Eastman
- 8.2.1 Eastman Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.2.2 Eastman Formic Acid Product Portfolio
- 8.2.3 Eastman Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.3 Perstorp
- 8.3.1 Perstorp Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.3.2 Perstorp Formic Acid Product Portfolio
- 8.3.3 Perstorp Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.4 Rashtriya Chemicals and Fertilizers
- 8.4.1 Rashtriya Chemicals and Fertilizers Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.4.2 Rashtriya Chemicals and Fertilizers Formic Acid Product Portfolio
- 8.4.3 Rashtriya Chemicals and Fertilizers Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.5 Gujarat Narmada Valley Fertilizers & Chemicals
- 8.5.1 Gujarat Narmada Valley Fertilizers & Chemicals Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.5.2 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Product Portfolio
- 8.5.3 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.6 LUXI
- 8.6.1 LUXI Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.6.2 LUXI Formic Acid Product Portfolio
- 8.6.3 LUXI Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.7 Feicheng Acid
- 8.7.1 Feicheng Acid Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.7.2 Feicheng Acid Formic Acid Product Portfolio
- 8.7.3 Feicheng Acid Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.8 Chongqing Chuandong Chemical
- 8.8.1 Chongqing Chuandong Chemical Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.8.2 Chongqing Chuandong Chemical Formic Acid Product Portfolio
- 8.8.3 Chongqing Chuandong Chemical Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.9 Shijiazhuang Taihe Chemical
- 8.9.1 Shijiazhuang Taihe Chemical Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.9.2 Shijiazhuang Taihe Chemical Formic Acid Product Portfolio
- 8.9.3 Shijiazhuang Taihe Chemical Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 9 Industry Chain Analysis
- 9.1 Formic Acid Industry Chain Analysis
- 9.2 Formic Acid Industry Upstream Supply Analysis
- 9.2.1 Upstream Key Raw Material Supply Analysis
- 9.2.2 Raw Material Suppliers and Contact Information
- 9.3 Formic Acid Product Downstream Application Analysis
- 9.3.1 Global Formic Acid Revenue Market Size by Application: 2024 VS 2025 VS 2032
- 9.3.2 Global Formic Acid Revenue and Forecast Analysis by Application (2020-2032)
- 9.3.3 Global Formic Acid Sales and Forecast Analysis by Application (2020-2032)
- 9.4 Formic Acid Typical Downstream Customers
- 9.5 Formic Acid Sales Channel Analysis
- 10 Research Findings and Conclusion
- 11 Methodology and Data Source
- 11.1 Methodology/Research Approach
- 11.2 Research Scope
- 11.3 Benchmarks and Assumptions
- 11.4 Date Source
- 11.4.1 Primary Sources
- 11.4.2 Secondary Sources
- 11.5 Data Cross Validation
- 11.6 Disclaimer
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