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
Industry Growth & Trends
Global Formic Acid Industry Growth and Trends Forecast to 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.
Report Scope
This report provides a structured, data-driven view of the global Formic Acid market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Formic Acid market size, estimates, and forecasts are presented in terms of sales volume (kt) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Formic Acid market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant toFormic Acid.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Formic Acid market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Formic Acid Market 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
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
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 study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
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: Detailed analysis of Formic Acid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Formic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: 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 Global Market Growth Prospects
- 1.2.1 Global Formic Acid Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Formic Acid Sales Estimates and Forecasts (2021-2032)
- 1.3 Formic Acid Market by Type
- 1.3.1 Content 85%
- 1.3.2 Content 90%
- 1.3.3 Content 98%
- 1.3.4 Others
- 1.4 Global Formic Acid Market Size by Type
- 1.4.1 Global Formic Acid Market Size Overview by Type (2021-2032)
- 1.4.2 Global Formic Acid Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Formic Acid Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Formic Acid Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Formic Acid Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Formic Acid Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Formic Acid Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Formic Acid Sales Breakdown by Type (2021-2026)
2 Global 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 Market Competitive Landscape by Company
- 3.1 Global Top Players by Formic Acid Revenue (2021-2026)
- 3.2 Global Top Players by Formic Acid Sales (2021-2026)
- 3.3 Global Top Players by Formic Acid Price (2021-2026)
- 3.4 Global Formic Acid Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Formic Acid Major Company Production Sites & Headquarters
- 3.6 Global Formic Acid Company, Product Type & Application
- 3.7 Global Formic Acid Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Formic Acid Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Formic Acid Players Market Share by Revenue in 2025
- 3.8.3 2025 Formic Acid Tier 1, Tier 2, and Tier 3
4 Formic Acid Regional Status and Outlook
- 4.1 Global Formic Acid Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Formic Acid Historic Market Size by Region
- 4.2.1 Global Formic Acid Sales in Volume by Region (2021-2026)
- 4.2.2 Global Formic Acid Sales in Value by Region (2021-2026)
- 4.2.3 Global Formic Acid Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Formic Acid Forecasted Market Size by Region
- 4.3.1 Global Formic Acid Sales in Volume by Region (2027-2032)
- 4.3.2 Global Formic Acid Sales in Value by Region (2027-2032)
- 4.3.3 Global Formic Acid Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Formic Acid by Application
- 5.1 Formic Acid Market by Application
- 5.1.1 Agriculture
- 5.1.2 Leather and Textile
- 5.1.3 Rubber
- 5.1.4 Chemical and Pharmaceuticals
- 5.1.5 Other
- 5.2 Global Formic Acid Market Size by Application
- 5.2.1 Global Formic Acid Market Size Overview by Application (2021-2032)
- 5.2.2 Global Formic Acid Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Formic Acid Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Formic Acid Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Formic Acid Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Formic Acid Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Formic Acid Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Formic Acid Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 BASF
- 6.1.1 BASF Company Information
- 6.1.2 BASF Business Overview
- 6.1.3 BASF Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 BASF Formic Acid Product Portfolio
- 6.1.5 BASF Recent Developments
- 6.2 Eastman
- 6.2.1 Eastman Company Information
- 6.2.2 Eastman Business Overview
- 6.2.3 Eastman Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Eastman Formic Acid Product Portfolio
- 6.2.5 Eastman Recent Developments
- 6.3 Perstorp
- 6.3.1 Perstorp Company Information
- 6.3.2 Perstorp Business Overview
- 6.3.3 Perstorp Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Perstorp Formic Acid Product Portfolio
- 6.3.5 Perstorp Recent Developments
- 6.4 Rashtriya Chemicals and Fertilizers
- 6.4.1 Rashtriya Chemicals and Fertilizers Company Information
- 6.4.2 Rashtriya Chemicals and Fertilizers Business Overview
- 6.4.3 Rashtriya Chemicals and Fertilizers Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Rashtriya Chemicals and Fertilizers Formic Acid Product Portfolio
- 6.4.5 Rashtriya Chemicals and Fertilizers Recent Developments
- 6.5 Gujarat Narmada Valley Fertilizers & Chemicals
- 6.5.1 Gujarat Narmada Valley Fertilizers & Chemicals Company Information
- 6.5.2 Gujarat Narmada Valley Fertilizers & Chemicals Business Overview
- 6.5.3 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Product Portfolio
- 6.5.5 Gujarat Narmada Valley Fertilizers & Chemicals Recent Developments
- 6.6 LUXI
- 6.6.1 LUXI Company Information
- 6.6.2 LUXI Business Overview
- 6.6.3 LUXI Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 LUXI Formic Acid Product Portfolio
- 6.6.5 LUXI Recent Developments
- 6.7 Feicheng Acid
- 6.7.1 Feicheng Acid Company Information
- 6.7.2 Feicheng Acid Business Overview
- 6.7.3 Feicheng Acid Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Feicheng Acid Formic Acid Product Portfolio
- 6.7.5 Feicheng Acid Recent Developments
- 6.8 Chongqing Chuandong Chemical
- 6.8.1 Chongqing Chuandong Chemical Company Information
- 6.8.2 Chongqing Chuandong Chemical Business Overview
- 6.8.3 Chongqing Chuandong Chemical Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Chongqing Chuandong Chemical Formic Acid Product Portfolio
- 6.8.5 Chongqing Chuandong Chemical Recent Developments
- 6.9 Shijiazhuang Taihe Chemical
- 6.9.1 Shijiazhuang Taihe Chemical Company Information
- 6.9.2 Shijiazhuang Taihe Chemical Business Overview
- 6.9.3 Shijiazhuang Taihe Chemical Formic Acid Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Shijiazhuang Taihe Chemical Formic Acid Product Portfolio
- 6.9.5 Shijiazhuang Taihe Chemical Recent Developments
7 North America by Country
- 7.1 North America Formic Acid Sales by Country
- 7.1.1 North America Formic Acid Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Formic Acid Sales by Country (2021-2026)
- 7.1.3 North America Formic Acid Sales Forecast by Country (2027-2032)
- 7.2 North America Formic Acid Market Size by Country
- 7.2.1 North America Formic Acid Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Formic Acid Market Size by Country (2021-2026)
- 7.2.3 North America Formic Acid Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Formic Acid Sales by Country
- 8.1.1 Europe Formic Acid Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Formic Acid Sales by Country (2021-2026)
- 8.1.3 Europe Formic Acid Sales Forecast by Country (2027-2032)
- 8.2 Europe Formic Acid Market Size by Country
- 8.2.1 Europe Formic Acid Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Formic Acid Market Size by Country (2021-2026)
- 8.2.3 Europe Formic Acid Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Formic Acid Sales by Country
- 9.1.1 Asia-Pacific Formic Acid Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Formic Acid Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Formic Acid Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Formic Acid Market Size by Country
- 9.2.1 Asia-Pacific Formic Acid Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Formic Acid Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Formic Acid Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Formic Acid Sales by Country
- 10.1.1 South America Formic Acid Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Formic Acid Sales by Country (2021-2026)
- 10.1.3 South America Formic Acid Sales Forecast by Country (2027-2032)
- 10.2 South America Formic Acid Market Size by Country
- 10.2.1 South America Formic Acid Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Formic Acid Market Size by Country (2021-2026)
- 10.2.3 South America Formic Acid Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Formic Acid Sales by Country
- 11.1.1 Middle East and Africa Formic Acid Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Formic Acid Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Formic Acid Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Formic Acid Market Size by Country
- 11.2.1 Middle East and Africa Formic Acid Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Formic Acid Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Formic Acid Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Formic Acid Value Chain Analysis
- 12.1.1 Formic Acid Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Formic Acid Production Mode & Process
- 12.2 Formic Acid Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Formic Acid Distributors
- 12.2.3 Formic Acid Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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