Global Formic Acid Competitive Landscape Professional Research Report 2024

Global Formic Acid Competitive Landscape Professional Research Report 2024

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 XX US$ Million in 2024, and is expected to reach XX US$ 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 XX US$ Million, accounting for approximately XX% of the world. It is expected to reach XX US$ 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