APO RESEARCH · REPORT
Formic Acid
Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid. It is used in many areas, from leather processing to feed preservation.
Product & engineering
Understand the product.
Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid. It is used in many areas, from leather processing to feed preservation.
Selected research
Market Analysis & Forecast
Global Formic Acid Market Analysis and Forecast 2026-2032
Market perspective
Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid. It is used in many areas, from leather processing to feed preservation.
Global Formic Acid key players include BASF, LUXI, Eastman, Feicheng Acid, Chongqing Chuandong Chemical, etc. Global top five manufacturers hold a share about 85%.
China is the largest market, with a share about 45%, followed by Europe and North America, both have a share over 45 percent.
Read the full market overview
In terms of product, Content 85% is the largest segment, with a share about 60%. And in terms of application, the largest application is Agriculture, followed by Leather & Textile.
This report presents an overview of global market for Formic Acid, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Formic Acid, also provides the consumption of main regions and countries. Of the upcoming market potential for Formic Acid, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Formic Acid sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Formic Acid market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Formic Acid sales, projected growth trends, production technology, application and end-user industry.
Formic Acid Segment by Company
BASF
Eastman
Perstorp
Rashtriya Chemicals and Fertilizers
Gujarat Narmada Valley Fertilizers & Chemicals
LUXI
Feicheng Acid
Chongqing Chuandong Chemical
Shijiazhuang Taihe Chemical
Formic Acid Segment by Type
Content 85%
Content 90%
Content 98%
Others
Formic Acid Segment by Application
Agriculture
Leather and Textile
Rubber
Chemical and Pharmaceuticals
Other
Formic Acid Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Formic Acid market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Formic Acid and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Formic Acid.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Formic Acid production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Formic Acid in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 5: Detailed analysis of Formic Acid manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Formic Acid sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Content 85%
- Content 90%
- Content 98%
- Others
Applications
- Agriculture
- Leather and Textile
- Rubber
- Chemical and Pharmaceuticals
- Other
Companies covered
- BASF
- Eastman
- Perstorp
- Rashtriya Chemicals and Fertilizers
- Gujarat Narmada Valley Fertilizers & Chemicals
- LUXI
- Feicheng Acid
- Chongqing Chuandong Chemical
- Shijiazhuang Taihe Chemical
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Formic Acid Market by Type
- 1.2.1 Global Formic Acid Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Content 85%
- 1.2.3 Content 90%
- 1.2.4 Content 98%
- 1.2.5 Others
- 1.3 Formic Acid Market by Application
- 1.3.1 Global Formic Acid Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Agriculture
- 1.3.3 Leather and Textile
- 1.3.4 Rubber
- 1.3.5 Chemical and Pharmaceuticals
- 1.3.6 Other
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Formic Acid Market Dynamics
- 2.1 Formic Acid Industry Trends
- 2.2 Formic Acid Industry Drivers
- 2.3 Formic Acid Industry Opportunities and Challenges
- 2.4 Formic Acid Industry Restraints
3 Global Formic Acid Production Overview
- 3.1 Global Formic Acid Production Capacity (2021-2032)
- 3.2 Global Formic Acid Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global Formic Acid Production by Region
- 3.3.1 Global Formic Acid Production by Region (2021-2026)
- 3.3.2 Global Formic Acid Production by Region (2027-2032)
- 3.3.3 Global Formic Acid Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
4 Global Market Growth Prospects
- 4.1 Global Formic Acid Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global Formic Acid Revenue by Region
- 4.2.1 Global Formic Acid Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global Formic Acid Revenue by Region (2021-2026)
- 4.2.3 Global Formic Acid Revenue by Region (2027-2032)
- 4.2.4 Global Formic Acid Revenue Market Share by Region (2021-2032)
- 4.3 Global Formic Acid Sales Estimates and Forecasts 2021-2032
- 4.4 Global Formic Acid Sales by Region
- 4.4.1 Global Formic Acid Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global Formic Acid Sales by Region (2021-2026)
- 4.4.3 Global Formic Acid Sales by Region (2027-2032)
- 4.4.4 Global Formic Acid Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global Formic Acid Revenue by Manufacturers
- 5.1.1 Global Formic Acid Revenue by Manufacturers (2021-2026)
- 5.1.2 Global Formic Acid Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global Formic Acid Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global Formic Acid Sales by Manufacturers
- 5.2.1 Global Formic Acid Sales by Manufacturers (2021-2026)
- 5.2.2 Global Formic Acid Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global Formic Acid Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global Formic Acid Sales Price by Manufacturers (2021-2026)
- 5.4 Global Formic Acid Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global Formic Acid Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global Formic Acid Manufacturers, Product Type & Application
- 5.7 Global Formic Acid Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global Formic Acid Market CR5 and HHI
- 5.8.2 2025 Formic Acid Tier 1, Tier 2, and Tier 3
6 Formic Acid Market by Type
- 6.1 Global Formic Acid Revenue by Type
- 6.1.1 Global Formic Acid Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global Formic Acid Revenue Market Share by Type (2021-2032)
- 6.2 Global Formic Acid Sales by Type
- 6.2.1 Global Formic Acid Sales by Type (2021-2032) & (kt)
- 6.2.2 Global Formic Acid Sales Market Share by Type (2021-2032)
- 6.3 Global Formic Acid Price by Type
7 Formic Acid Market by Application
- 7.1 Global Formic Acid Revenue by Application
- 7.1.1 Global Formic Acid Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global Formic Acid Revenue Market Share by Application (2021-2032)
- 7.2 Global Formic Acid Sales by Application
- 7.2.1 Global Formic Acid Sales by Application (2021-2032) & (kt)
- 7.2.2 Global Formic Acid Sales Market Share by Application (2021-2032)
- 7.3 Global Formic Acid Price by Application
8 Company Profiles
- 8.1 BASF
- 8.1.1 BASF Company Information
- 8.1.2 BASF Business Overview
- 8.1.3 BASF Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 BASF Formic Acid Product Portfolio
- 8.1.5 BASF Recent Developments
- 8.2 Eastman
- 8.2.1 Eastman Company Information
- 8.2.2 Eastman Business Overview
- 8.2.3 Eastman Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Eastman Formic Acid Product Portfolio
- 8.2.5 Eastman Recent Developments
- 8.3 Perstorp
- 8.3.1 Perstorp Company Information
- 8.3.2 Perstorp Business Overview
- 8.3.3 Perstorp Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 Perstorp Formic Acid Product Portfolio
- 8.3.5 Perstorp Recent Developments
- 8.4 Rashtriya Chemicals and Fertilizers
- 8.4.1 Rashtriya Chemicals and Fertilizers Company Information
- 8.4.2 Rashtriya Chemicals and Fertilizers Business Overview
- 8.4.3 Rashtriya Chemicals and Fertilizers Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 Rashtriya Chemicals and Fertilizers Formic Acid Product Portfolio
- 8.4.5 Rashtriya Chemicals and Fertilizers Recent Developments
- 8.5 Gujarat Narmada Valley Fertilizers & Chemicals
- 8.5.1 Gujarat Narmada Valley Fertilizers & Chemicals Company Information
- 8.5.2 Gujarat Narmada Valley Fertilizers & Chemicals Business Overview
- 8.5.3 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Product Portfolio
- 8.5.5 Gujarat Narmada Valley Fertilizers & Chemicals Recent Developments
- 8.6 LUXI
- 8.6.1 LUXI Company Information
- 8.6.2 LUXI Business Overview
- 8.6.3 LUXI Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 LUXI Formic Acid Product Portfolio
- 8.6.5 LUXI Recent Developments
- 8.7 Feicheng Acid
- 8.7.1 Feicheng Acid Company Information
- 8.7.2 Feicheng Acid Business Overview
- 8.7.3 Feicheng Acid Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 Feicheng Acid Formic Acid Product Portfolio
- 8.7.5 Feicheng Acid Recent Developments
- 8.8 Chongqing Chuandong Chemical
- 8.8.1 Chongqing Chuandong Chemical Company Information
- 8.8.2 Chongqing Chuandong Chemical Business Overview
- 8.8.3 Chongqing Chuandong Chemical Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 Chongqing Chuandong Chemical Formic Acid Product Portfolio
- 8.8.5 Chongqing Chuandong Chemical Recent Developments
- 8.9 Shijiazhuang Taihe Chemical
- 8.9.1 Shijiazhuang Taihe Chemical Company Information
- 8.9.2 Shijiazhuang Taihe Chemical Business Overview
- 8.9.3 Shijiazhuang Taihe Chemical Formic Acid Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.9.4 Shijiazhuang Taihe Chemical Formic Acid Product Portfolio
- 8.9.5 Shijiazhuang Taihe Chemical Recent Developments
9 North America
- 9.1 North America Formic Acid Market Size by Type
- 9.1.1 North America Formic Acid Revenue by Type (2021-2032)
- 9.1.2 North America Formic Acid Sales by Type (2021-2032)
- 9.1.3 North America Formic Acid Price by Type (2021-2032)
- 9.2 North America Formic Acid Market Size by Application
- 9.2.1 North America Formic Acid Revenue by Application (2021-2032)
- 9.2.2 North America Formic Acid Sales by Application (2021-2032)
- 9.2.3 North America Formic Acid Price by Application (2021-2032)
- 9.3 North America Formic Acid Market Size by Country
- 9.3.1 North America Formic Acid Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America Formic Acid Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America Formic Acid Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe Formic Acid Market Size by Type
- 10.1.1 Europe Formic Acid Revenue by Type (2021-2032)
- 10.1.2 Europe Formic Acid Sales by Type (2021-2032)
- 10.1.3 Europe Formic Acid Price by Type (2021-2032)
- 10.2 Europe Formic Acid Market Size by Application
- 10.2.1 Europe Formic Acid Revenue by Application (2021-2032)
- 10.2.2 Europe Formic Acid Sales by Application (2021-2032)
- 10.2.3 Europe Formic Acid Price by Application (2021-2032)
- 10.3 Europe Formic Acid Market Size by Country
- 10.3.1 Europe Formic Acid Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe Formic Acid Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe Formic Acid Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China Formic Acid Market Size by Type
- 11.1.1 China Formic Acid Revenue by Type (2021-2032)
- 11.1.2 China Formic Acid Sales by Type (2021-2032)
- 11.1.3 China Formic Acid Price by Type (2021-2032)
- 11.2 China Formic Acid Market Size by Application
- 11.2.1 China Formic Acid Revenue by Application (2021-2032)
- 11.2.2 China Formic Acid Sales by Application (2021-2032)
- 11.2.3 China Formic Acid Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia Formic Acid Market Size by Type
- 12.1.1 Asia Formic Acid Revenue by Type (2021-2032)
- 12.1.2 Asia Formic Acid Sales by Type (2021-2032)
- 12.1.3 Asia Formic Acid Price by Type (2021-2032)
- 12.2 Asia Formic Acid Market Size by Application
- 12.2.1 Asia Formic Acid Revenue by Application (2021-2032)
- 12.2.2 Asia Formic Acid Sales by Application (2021-2032)
- 12.2.3 Asia Formic Acid Price by Application (2021-2032)
- 12.3 Asia Formic Acid Market Size by Country
- 12.3.1 Asia Formic Acid Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia Formic Acid Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia Formic Acid Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA Formic Acid Market Size by Type
- 13.1.1 SAMEA Formic Acid Revenue by Type (2021-2032)
- 13.1.2 SAMEA Formic Acid Sales by Type (2021-2032)
- 13.1.3 SAMEA Formic Acid Price by Type (2021-2032)
- 13.2 SAMEA Formic Acid Market Size by Application
- 13.2.1 SAMEA Formic Acid Revenue by Application (2021-2032)
- 13.2.2 SAMEA Formic Acid Sales by Application (2021-2032)
- 13.2.3 SAMEA Formic Acid Price by Application (2021-2032)
- 13.3 SAMEA Formic Acid Market Size by Country
- 13.3.1 SAMEA Formic Acid Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA Formic Acid Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA Formic Acid Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 Formic Acid Value Chain Analysis
- 14.1.1 Formic Acid Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 Formic Acid Production Mode & Process
- 14.2 Formic Acid Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 Formic Acid Distributors
- 14.2.3 Formic Acid Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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