Global Formic Acid 85% Supply, Demand and Key Producers, 2023-2029

Global Formic Acid 85% Supply, Demand and Key Producers, 2023-2029

The global Formic Acid 85% market size is expected to reach $ 271.8 million by 2029, rising at a market growth of 5.0% CAGR during the forecast period (2023-2029).

Formic acid 85% is a colorless liquid with a pungent odor. Its chemical formula is HCOOH and it is the simplest carboxylic acid. Formic acid 85% is a concentrated form of formic acid, meaning it contains 85% of the acid by weight and the rest is water.

This report studies the global Formic Acid 85% production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Formic Acid 85%, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Formic Acid 85% that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Formic Acid 85% total production and demand, 2018-2029, (Tons)

Global Formic Acid 85% total production value, 2018-2029, (USD Million)

Global Formic Acid 85% production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (Tons)

Global Formic Acid 85% consumption by region & country, CAGR, 2018-2029 & (Tons)

U.S. VS China: Formic Acid 85% domestic production, consumption, key domestic manufacturers and share

Global Formic Acid 85% production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (Tons)

Global Formic Acid 85% production by Type, production, value, CAGR, 2018-2029, (USD Million) & (Tons)

Global Formic Acid 85% production by Application production, value, CAGR, 2018-2029, (USD Million) & (Tons)

This reports profiles key players in the global Formic Acid 85% market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BASF, Eastman, Perstorp, Rashtriya Chemicals and Fertilizers, Gujarat Narmada Valley Fertilizers & Chemicals, Luxi Chemical Group, Shandong Acid Technology, Chongqing Chuandong Chemical and Shijiazhuang Taihe Chemical, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Formic Acid 85% market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Tons) and average price (US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Formic Acid 85% Market, By Region:

United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Formic Acid 85% Market, Segmentation by Type

Industrial Grade
Feed Grade
Other

Global Formic Acid 85% Market, Segmentation by Application

Agriculture
Leather and Textile
Rubber
Chemical and Pharmaceuticals
Other

Companies Profiled:
BASF
Eastman
Perstorp
Rashtriya Chemicals and Fertilizers
Gujarat Narmada Valley Fertilizers & Chemicals
Luxi Chemical Group
Shandong Acid Technology
Chongqing Chuandong Chemical
Shijiazhuang Taihe Chemical

Key Questions Answered

1. How big is the global Formic Acid 85% market?

2. What is the demand of the global Formic Acid 85% market?

3. What is the year over year growth of the global Formic Acid 85% market?

4. What is the production and production value of the global Formic Acid 85% market?

5. Who are the key producers in the global Formic Acid 85% market?

6. What are the growth factors driving the market demand?