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.
According to DIResearch's in-depth investigation and research, the global Formic Acid market size will reach US$ XX Million in 2024, and is expected to reach US$ XX Million in 2030, with a CAGR of XX% (2025-2030). Among them, the China market has changed rapidly in the past few years. The market size in 2024 will be US$ XX Million, accounting for approximately XX% of the world. It is expected to reach US$ XX Million in 2030, and the global share will reach XX%.
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 tiers is the global leading enterprise, which occupies a major market share, is in a leading position in the industry, has strong competitiveness and influence, and has a large revenue scale; the second tiers has a certain share and popularity in the market, actively follows the industry leaders in product, service or technological innovation, and has a medium revenue scale; the third tiers has a smaller share in the market, has a lower brand awareness, mainly focuses on the local market, and has a relatively small revenue scale.
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 volume, 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 2018 to 2023, based year in 2024 and forecast data from 2025 to 2030.
The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, 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 Trends
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 (Revenue, Sales, Price) and Forecast Analysis
Chapter 6: Global Formic Acid Market Size and Forecast by Type and Application Analysis
Chapter 7: North America Formic Acid Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 8: Europe Formic Acid Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 9: China Formic Acid Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 10: APAC (Excl. China) Formic Acid Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 11: Latin America Formic Acid Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 12: Middle East and Africa Formic Acid Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 13: Global Formic Acid Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 14: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 15: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers
Chapter 16: Research Findings and Conclusion
Chapter 17: Methodology and Data Sources
Table of Contents 1 Formic Acid Market Overview 1.1 Product Definition and Statistical Scope 1.2 Formic Acid Product by Type 1.2.1 Global Formic Acid Market Size by Type, 2023 VS 2024 VS 2030 1.2.2 Content 85% 1.2.3 Content below 85% 1.2.4 Content above 90% 1.3 Formic Acid Product by Application 1.3.1 Global Formic Acid Market Size by Application, 2023 VS 2024 VS 2030 1.3.2 Agriculture 1.3.3 Leather & Textile 1.3.4 Rubber 1.3.5 Chemical & Pharmaceuticals 1.3.6 Others 1.4 Global Formic Acid Market Revenue and Sales Analysis 1.4.1 Global Formic Acid Market Size Analysis (2019-2030) 1.4.2 Global Formic Acid Market Sales Analysis (2019-2030) 1.4.3 Global Formic Acid Market Sales Price Trend Analysis (2019-2030) 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 Production Capacity (2019-2030) 2.2 Global Formic Acid Production by Region: 2023 VS 2024 VS 2030 2.3 Global Formic Acid Production by Region 2.3.1 Global Formic Acid Historic Production by Region (2019-2024) 2.3.2 Global Formic Acid Forecasted Production by Region (2025-2030) 2.3.3 Global Formic Acid Production Market Share by Region (2019-2030) 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 Regions 5.1 Formic Acid Overall Market: 2023 VS 2024 VS 2030 5.2 Global Formic Acid Revenue and Forecast Analysis (2019-2030) 5.2.1 Global Formic Acid Revenue and Market Share by Region (2019-2024) 5.2.2 Global Formic Acid Revenue Forecast by Region (2025-2030) 5.3 Global Formic Acid Sales and Forecast Analysis (2019-2030) 5.3.1 Global Formic Acid Sales and Market Share by Region (2019-2024) 5.3.2 Global Formic Acid Sales Forecast by Region (2025-2030) 5.4 Global Formic Acid Sales Price Trend Analysis (2019-2030) 6 Global Formic Acid Market Size by Type and Application 6.1 Global Formic Acid Market Size by Type 6.1.1 Global Formic Acid Revenue and Forecast Analysis by Type (2019-2030) 6.1.2 Global Formic Acid Sales and Forecast Analysis by Type (2019-2030) 6.2 Global Formic Acid Market Size by Application 6.2.1 Global Formic Acid Revenue and Forecast Analysis by Application (2019-2030) 6.2.2 Global Formic Acid Sales and Forecast Analysis by Application (2019-2030) 7 North America 7.1 North America Formic Acid Market Size and Growth Rate Analysis (2019-2030) 7.2 North America Key Manufacturers Analysis 7.3 North America Formic Acid Market Size by Type 7.3.1 North America Formic Acid Sales by Type (2019-2030) 7.3.2 North America Formic Acid Revenue by Type (2019-2030) 7.4 North America Formic Acid Market Size by Application 7.4.1 North America Formic Acid Sales by Application (2019-2030) 7.4.2 North America Formic Acid Revenue by Application (2019-2030) 7.5 North America Formic Acid Market Size by Country 7.5.1 US 7.5.2 Canada 8 Europe 8.1 Europe Formic Acid Market Size and Growth Rate Analysis (2019-2030) 8.2 Europe Key Manufacturers Analysis 8.3 Europe Formic Acid Market Size by Type 8.3.1 Europe Formic Acid Sales by Type (2019-2030) 8.3.2 Europe Formic Acid Revenue by Type (2019-2030) 8.4 Europe Formic Acid Market Size by Application 8.4.1 Europe Formic Acid Sales by Application (2019-2030) 8.4.2 ? Europe Formic Acid Revenue by Application (2019-2030) 8.5 Europe Formic Acid Market Size by Country 8.5.1 Germany 8.5.2 France 8.5.3 United Kingdom 8.5.4 Italy 8.5.5 Spain 8.5.6 Benelux 9 China 9.1 China Formic Acid Market Size and Growth Rate Analysis (2019-2030) 9.2 China Key Manufacturers Analysis 9.3 China Formic Acid Market Size by Type 9.3.1 China Formic Acid Sales by Type (2019-2030) 9.3.2 China Formic Acid Revenue by Type (2019-2030) 9.4 China Formic Acid Market Size by Application 9.4.1 China Formic Acid Sales by Application (2019-2030) 9.4.2 China Formic Acid Revenue by Application (2019-2030) 10 APAC (excl. China) 10.1 APAC (excl. China) Formic Acid Market Size and Growth Rate Analysis (2019-2030) 10.2 APAC (excl. China) Key Manufacturers Analysis 10.3 APAC (excl. China) Formic Acid Market Size by Type 10.3.1 APAC (excl. China) Formic Acid Sales by Type (2019-2030) 10.3.2 APAC (excl. China) Formic Acid Revenue by Type (2019-2030) 10.4 APAC (excl. China) Formic Acid Market Size by Application 10.4.1 APAC (excl. China) Formic Acid Sales by Application (2019-2030) 10.4.2 APAC (excl. China) Formic Acid Revenue by Application (2019-2030) 10.5 APAC (excl. China) Formic Acid Market Size by Country 10.5.1 Japan 10.5.2 South Korea 10.5.3 India 10.5.4 Australia 10.5.5 Indonesia 10.5.6 Vietnam 10.5.7 Malaysia 10.5.8 Thailand 11 Latin America 11.1 Latin America Formic Acid Market Size and Growth Rate Analysis (2019-2030) 11.2 Latin America Key Manufacturers Analysis 11.3 Latin America Formic Acid Market Size by Type 11.3.1 Latin America Formic Acid Sales by Type (2019-2030) 11.3.2 Latin America Formic Acid Revenue by Type (2019-2030) 11.4 Latin America Formic Acid Market Size by Application 11.4.1 Latin America Formic Acid Sales by Application (2019-2030) 11.4.2 Latin America Formic Acid Revenue by Application (2019-2030) 11.5 Latin America Formic Acid Market Size by Country 11.5.1 Mexico 11.5.2 Brazil 12 Middle East & Africa 12.1 Middle East & Africa Formic Acid Market Size and Growth Rate Analysis (2019-2030) 12.2 Middle East & Africa Key Manufacturers Analysis 12.3 Middle East & Africa Formic Acid Market Size by Type 12.3.1 Middle East & Africa Formic Acid Sales by Type (2019-2030) 12.3.2 Middle East & Africa Formic Acid Revenue by Type (2019-2030) 12.4 Middle East & Africa Formic Acid Market Size by Application 12.4.1 Middle East & Africa Formic Acid Sales by Application (2019-2030) 12.4.2 Middle East & Africa Formic Acid Revenue by Application (2019-2030) 12.5 Middle East & Africa Formic Acid Market Size by Country 12.5.1 Saudi Arabia 12.5.2 South Africa 13 Competition by Manufacturers 13.1 Global Formic Acid Market Sales, Revenue and Price by Key Manufacturers (2020-2024) 13.1.1 Global Formic Acid Market Sales by Key Manufacturers (2020-2024) 13.1.2 Global Formic Acid Market Revenue by Key Manufacturers (2020-2024) 13.1.3 Global Formic Acid Average Sales Price by Manufacturers (2020-2024) 13.2 Formic Acid Competitive Landscape Analysis and Market Dynamic 13.2.1 Formic Acid Competitive Landscape Analysis 13.2.2 Global Key Manufacturers Headquarter Location and Key Area Sales 13.2.3 Market Dynamic 14 Key Companies Analysis 14.1 BASF 14.1.1 BASF Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.1.2 BASF Formic Acid Product Portfolio 14.1.3 BASF Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 14.2 Eastman 14.2.1 Eastman Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.2.2 Eastman Formic Acid Product Portfolio 14.2.3 Eastman Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 14.3 Perstorp 14.3.1 Perstorp Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.3.2 Perstorp Formic Acid Product Portfolio 14.3.3 Perstorp Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 14.4 Rashtriya Chemicals and Fertilizers 14.4.1 Rashtriya Chemicals and Fertilizers Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.4.2 Rashtriya Chemicals and Fertilizers Formic Acid Product Portfolio 14.4.3 Rashtriya Chemicals and Fertilizers Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 14.5 Gujarat Narmada Valley Fertilizers & Chemicals 14.5.1 Gujarat Narmada Valley Fertilizers & Chemicals Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.5.2 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Product Portfolio 14.5.3 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 14.6 LUXI 14.6.1 LUXI Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.6.2 LUXI Formic Acid Product Portfolio 14.6.3 LUXI Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 14.7 Feicheng Acid 14.7.1 Feicheng Acid Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.7.2 Feicheng Acid Formic Acid Product Portfolio 14.7.3 Feicheng Acid Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 14.8 Chongqing Chuandong Chemical 14.8.1 Chongqing Chuandong Chemical Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.8.2 Chongqing Chuandong Chemical Formic Acid Product Portfolio 14.8.3 Chongqing Chuandong Chemical Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 14.9 Shijiazhuang Taihe Chemical 14.9.1 Shijiazhuang Taihe Chemical Basic Company Profile (Employees, Areas Service, Competitors and Contact Information) 14.9.2 Shijiazhuang Taihe Chemical Formic Acid Product Portfolio 14.9.3 Shijiazhuang Taihe Chemical Formic Acid Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2020-2024) 15 Industry Chain Analysis 15.1 Formic Acid Industry Chain Analysis 15.2 Formic Acid Industry Upstream Supply Analysis 15.2.1 Upstream Key Raw Material Supply Analysis 15.2.2 Raw Material Suppliers and Contact Information 15.3 Formic Acid Typical Downstream Customers 15.4 Formic Acid Sales Channel Analysis 16 Research Findings and Conclusion 17 Methodology and Data Source 17.1 Methodology/Research Approach 17.2 Research Scope 17.3 Benchmarks and Assumptions 17.4 Date Source 17.4.1 Primary Sources 17.4.2 Secondary Sources 17.5 Data Cross Validation 17.6 Disclaimer
Publisher: DIResearch
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