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 Research
Formic Acid Industry Research Report 2026
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 quantifies the global Formic Acid market in revenue (US$ million) and, where applicable, sales volume (kt), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/kt) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Formic Acid.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, 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 3: Detailed analysis of Formic Acid manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Formic Acid by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Formic Acid in 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, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Formic Acid by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Content 85%
- 2.2.3 Content 90%
- 2.2.4 Content 98%
- 2.2.5 Others
- 2.3 Formic Acid by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Agriculture
- 2.3.3 Leather and Textile
- 2.3.4 Rubber
- 2.3.5 Chemical and Pharmaceuticals
- 2.3.6 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Formic Acid Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Formic Acid Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Formic Acid Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Formic Acid Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Formic Acid Production by Manufacturers (2021-2026)
- 3.2 Global Formic Acid Production Value by Manufacturers (2021-2026)
- 3.3 Global Formic Acid Average Price by Manufacturers (2021-2026)
- 3.4 Global Formic Acid Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Formic Acid Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Formic Acid Manufacturers, Product Type & Application
- 3.7 Global Formic Acid Manufacturers Established Date
- 3.8 Global Formic Acid Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 BASF
- 4.1.1 BASF Formic Acid Company Information
- 4.1.2 BASF Formic Acid Business Overview
- 4.1.3 BASF Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 BASF Product Portfolio
- 4.1.5 BASF Recent Developments
- 4.2 Eastman
- 4.2.1 Eastman Formic Acid Company Information
- 4.2.2 Eastman Formic Acid Business Overview
- 4.2.3 Eastman Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Eastman Product Portfolio
- 4.2.5 Eastman Recent Developments
- 4.3 Perstorp
- 4.3.1 Perstorp Formic Acid Company Information
- 4.3.2 Perstorp Formic Acid Business Overview
- 4.3.3 Perstorp Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Perstorp Product Portfolio
- 4.3.5 Perstorp Recent Developments
- 4.4 Rashtriya Chemicals and Fertilizers
- 4.4.1 Rashtriya Chemicals and Fertilizers Formic Acid Company Information
- 4.4.2 Rashtriya Chemicals and Fertilizers Formic Acid Business Overview
- 4.4.3 Rashtriya Chemicals and Fertilizers Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Rashtriya Chemicals and Fertilizers Product Portfolio
- 4.4.5 Rashtriya Chemicals and Fertilizers Recent Developments
- 4.5 Gujarat Narmada Valley Fertilizers & Chemicals
- 4.5.1 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Company Information
- 4.5.2 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Business Overview
- 4.5.3 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Gujarat Narmada Valley Fertilizers & Chemicals Product Portfolio
- 4.5.5 Gujarat Narmada Valley Fertilizers & Chemicals Recent Developments
- 4.6 LUXI
- 4.6.1 LUXI Formic Acid Company Information
- 4.6.2 LUXI Formic Acid Business Overview
- 4.6.3 LUXI Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 LUXI Product Portfolio
- 4.6.5 LUXI Recent Developments
- 4.7 Feicheng Acid
- 4.7.1 Feicheng Acid Formic Acid Company Information
- 4.7.2 Feicheng Acid Formic Acid Business Overview
- 4.7.3 Feicheng Acid Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 Feicheng Acid Product Portfolio
- 4.7.5 Feicheng Acid Recent Developments
- 4.8 Chongqing Chuandong Chemical
- 4.8.1 Chongqing Chuandong Chemical Formic Acid Company Information
- 4.8.2 Chongqing Chuandong Chemical Formic Acid Business Overview
- 4.8.3 Chongqing Chuandong Chemical Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 Chongqing Chuandong Chemical Product Portfolio
- 4.8.5 Chongqing Chuandong Chemical Recent Developments
- 4.9 Shijiazhuang Taihe Chemical
- 4.9.1 Shijiazhuang Taihe Chemical Formic Acid Company Information
- 4.9.2 Shijiazhuang Taihe Chemical Formic Acid Business Overview
- 4.9.3 Shijiazhuang Taihe Chemical Formic Acid Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 Shijiazhuang Taihe Chemical Product Portfolio
- 4.9.5 Shijiazhuang Taihe Chemical Recent Developments
5 Global Formic Acid Production by Region
- 5.1 Global Formic Acid Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Formic Acid Production by Region: 2021-2032
- 5.2.1 Global Formic Acid Production by Region: 2021-2026
- 5.2.2 Global Formic Acid Production Forecast by Region (2027-2032)
- 5.3 Global Formic Acid Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Formic Acid Production Value by Region: 2021-2032
- 5.4.1 Global Formic Acid Production Value by Region: 2021-2026
- 5.4.2 Global Formic Acid Production Value Forecast by Region (2027-2032)
- 5.5 Global Formic Acid Market Price Analysis by Region (2021-2026)
- 5.6 Global Formic Acid Production and Value, YOY Growth
- 5.6.1 North America Formic Acid Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Formic Acid Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Formic Acid Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Formic Acid Production Value Estimates and Forecasts (2021-2032)
6 Global Formic Acid Consumption by Region
- 6.1 Global Formic Acid Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Formic Acid Consumption by Region (2021-2032)
- 6.2.1 Global Formic Acid Consumption by Region: 2021-2026
- 6.2.2 Global Formic Acid Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Formic Acid Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Formic Acid Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Formic Acid Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Formic Acid Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Formic Acid Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Formic Acid Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Formic Acid Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Formic Acid Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Formic Acid Production by Type (2021-2032)
- 7.1.1 Global Formic Acid Production by Type (2021-2032) & (kt)
- 7.1.2 Global Formic Acid Production Market Share by Type (2021-2032)
- 7.2 Global Formic Acid Production Value by Type (2021-2032)
- 7.2.1 Global Formic Acid Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Formic Acid Production Value Market Share by Type (2021-2032)
- 7.3 Global Formic Acid Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Formic Acid Production by Application (2021-2032)
- 8.1.1 Global Formic Acid Production by Application (2021-2032) & (kt)
- 8.1.2 Global Formic Acid Production Market Share by Application (2021-2032)
- 8.2 Global Formic Acid Production Value by Application (2021-2032)
- 8.2.1 Global Formic Acid Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Formic Acid Production Value Market Share by Application (2021-2032)
- 8.3 Global Formic Acid Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Formic Acid Value Chain Analysis
- 9.1.1 Formic Acid Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Formic Acid Production Mode & Process
- 9.2 Formic Acid Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Formic Acid Distributors
- 9.2.3 Formic Acid Customers
10 Global Formic Acid Analyzing Market Dynamics
- 10.1 Formic Acid Industry Trends
- 10.2 Formic Acid Industry Drivers
- 10.3 Formic Acid Industry Opportunities and Challenges
- 10.4 Formic Acid Industry Restraints
11 Report Conclusion
12 Disclaimer
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