Global Formic Acid Market Growth 2025-2031

Global Formic Acid Market Growth 2025-2031

The global Formic Acid market size is predicted to grow from US$ 658 million in 2025 to US$ 796 million in 2031; it is expected to grow at a CAGR of 3.2% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Formic Acid Industry Forecast” looks at past sales and reviews total world Formic Acid sales in 2024, providing a comprehensive analysis by region and market sector of projected Formic Acid sales for 2025 through 2031. With Formic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Formic Acid industry.

This Insight Report provides a comprehensive analysis of the global Formic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Formic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Formic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Formic Acid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Formic Acid.

This report presents a comprehensive overview, market shares, and growth opportunities of Formic Acid market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Content 85%
Content below 85%
Content above 90%

Segmentation by Application:
Agriculture
Leather & Textile
Rubber
Chemical & Pharmaceuticals
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BASF
Eastman
Perstorp
Rashtriya Chemicals and Fertilizers
Gujarat Narmada Valley Fertilizers & Chemicals
LUXI
Feicheng Acid
Chongqing Chuandong Chemical
Shijiazhuang Taihe Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Formic Acid market?

What factors are driving Formic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Formic Acid market opportunities vary by end market size?

How does Formic Acid break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.