Global Formic Acid Competitive Landscape Professional Research Report 2025

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $3,500	170 Pages	DIResearch	January, 2025	DIR19543662

Best Price Guarantee
Price	from $3,500
Length	170 Pages
Publisher	DIResearch
Published Date	January, 2025
SKU	DIR19543662

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 was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.

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 tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

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, 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 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

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

1 Formic Acid Market Overview: 1.1 Product Definition and Statistical Scope; 1.2 Formic Acid Product by Type; 1.2.1 Content 85%; 1.2.2 Content below 85%; 1.2.3 Content above 90%; 1.3 Formic Acid Product by Application; 1.3.1 Agriculture; 1.3.2 Leather & Textile; 1.3.3 Rubber; 1.3.4 Chemical & Pharmaceuticals; 1.3.5 Others; 1.4 Global Formic Acid Market Revenue and Sales Analysis; 1.4.1 Global Formic Acid Revenue Market Size Analysis (2020-2032); 1.4.2 Global Formic Acid Sales Market Size Analysis (2020-2032); 1.4.3 Global Formic Acid Market Sales Price Trend Analysis (2020-2032); 1.5 Formic Acid Industry Trends and Innovation; 1.5.1 Formic Acid Industry Trends and Innovation; 1.5.2 Formic Acid Market Drivers and Challenges
2 Global Formic Acid Capacity and Production Analysis: 2.1 Global Formic Acid Capacity, Production and Utilization (2020-2032); 2.2 Global Formic Acid Production Growth Trend by Region: 2024 VS 2025 VS 2030; 2.3 Global Formic Acid Production by Region; 2.3.1 Global Formic Acid Production by Region (2020-2025); 2.3.2 Global Formic Acid Production Forecast by Region (2026-2032); 2.3.3 Global Formic Acid Production Market Share by Region (2020-2032)
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: 2024 VS 2025 VS 2032; 5.2 Global Formic Acid Revenue and Forecast Analysis (2020-2032); 5.2.1 Global Formic Acid Revenue and Market Share by Region (2020-2025); 5.2.2 Global Formic Acid Revenue and Market Forecast by Region (2026-2032); 5.3 Global Formic Acid Sales and Forecast Analysis (2020-2032); 5.3.1 Global Formic Acid Sales and Market Share by Region (2020-2025); 5.3.2 Global Formic Acid Sales and Market Forecast by Region (2026-2032); 5.4 Global Formic Acid Sales Price Trend Analysis (2020-2032)
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 (2020-2032); 6.1.2 Global Formic Acid Sales and Forecast Analysis by Type (2020-2032); 6.2 Global Formic Acid Market Size by Application; 6.2.1 Global Formic Acid Revenue and Forecast Analysis by Application (2020-2032); 6.2.2 Global Formic Acid Sales and Forecast Analysis by Application (2020-2032)
7 North America: 7.1 North America Formic Acid Market Size and Growth Rate Analysis (2020-2032); 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 (2020-2032); 7.3.2 North America Formic Acid Revenue by Type (2020-2032); 7.4 North America Formic Acid Market Size by Application; 7.4.1 North America Formic Acid Sales by Application (2020-2032); 7.4.2 North America Formic Acid Revenue by Application (2020-2032); 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 (2020-2032); 8.2 Europe Key Manufacturers Analysis; 8.3 Europe Formic Acid Market Size by Type; 8.3.1 Europe Formic Acid Sales by Type (2020-2032); 8.3.2 Europe Formic Acid Revenue by Type (2020-2032); 8.4 Europe Formic Acid Market Size by Application; 8.4.1 Europe Formic Acid Sales by Application (2020-2032); 8.4.2 Europe Formic Acid Revenue by Application (2020-2032); 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 (2020-2032); 9.2 China Key Manufacturers Analysis; 9.3 China Formic Acid Market Size by Type; 9.3.1 China Formic Acid Sales by Type (2020-2032); 9.3.2 China Formic Acid Revenue by Type (2020-2032); 9.4 China Formic Acid Market Size by Application; 9.4.1 China Formic Acid Sales by Application (2020-2032); 9.4.2 China Formic Acid Revenue by Application (2020-2032)
10 APAC (excl. China): 10.1 APAC (excl. China) Formic Acid Market Size and Growth Rate Analysis (2020-2032); 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 (2020-2032); 10.3.2 APAC (excl. China) Formic Acid Revenue by Type (2020-2032); 10.4 APAC (excl. China) Formic Acid Market Size by Application; 10.4.1 APAC (excl. China) Formic Acid Sales by Application (2020-2032); 10.4.2 APAC (excl. China) Formic Acid Revenue by Application (2020-2032); 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 Southeast Asia
11 Latin America: 11.1 Latin America Formic Acid Market Size and Growth Rate Analysis (2020-2032); 11.2 Latin America Key Manufacturers Analysis; 1`.3 Latin America Formic Acid Market Size by Type; 11.3.1 Latin America Formic Acid Sales by Type (2020-2032); 11.3.2 Latin America Formic Acid Revenue by Type (2020-2032); 11.4 Latin America Formic Acid Market Size by Application; 11.4.1 Latin America Formic Acid Sales by Application (2020-2032); 11.4.2 Latin America Formic Acid Revenue by Application (2020-2032); 11.5 Latin America Formic Acid Market Size by Country; 11.6 Latin America Formic Acid Market Size by Country; 11.6.1 Mexico; 11.6.2 Brazil
12 Middle East & Africa: 12.1 Middle East & Africa Formic Acid Market Size and Growth Rate Analysis (2020-2032); 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 (2020-2032); 12.3.2 Middle East & Africa Formic Acid Revenue by Type (2020-2032); 12.4 Middle East & Africa Formic Acid Market Size by Application; 12.4.1 Middle East & Africa Formic Acid Sales by Application (2020-2032); 12.4.2 Middle East & Africa Formic Acid Revenue by Application (2020-2032); 12.5 Middle East 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 (2021-2025); 13.1.1 Global Formic Acid Market Sales by Key Manufacturers (2021-2025); 13.1.2 Global Formic Acid Market Revenue by Key Manufacturers (2021-2025); 13.1.3 Global Formic Acid Average Sales Price by Manufacturers (2021-2025); 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) (2021-2025); 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) (2021-2025); 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) (2021-2025); 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) (2021-2025); 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) (2021-2025); 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) (2021-2025); 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) (2021-2025); 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) (2021-2025); 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) (2021-2025)
15 Industry Chain Analysis: 15.1 Formic Acid Industry Chain Analysis; 15.2 Formic Acid Industry Raw Material and Suppliers Analysis; 15.2.1 Formic Acid 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