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Download Free sampleFormic 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.
Formic Acid Market contains market size and forecasts of Formic Acid in global, including the following market information:
Global Formic Acid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Formic Acid Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Formic Acid companies in 2021 (%)
The global Formic Acid market was valued at 251.1 million in 2021 and is projected to reach US$ 337.3 million by 2028, at a CAGR of 4.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Content 85% Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The 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 and Shijiazhuang Taihe Chemical. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Formic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Formic Acid Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Formic Acid Market Segment Percentages, by Type, 2021 (%)
Content 85%
Content 90%
Content 98%
Others
Global Formic Acid Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Formic Acid Market Segment Percentages, by Application, 2021 (%)
Agriculture
Leather and Textile
Rubber
Chemical and Pharmaceuticals
Other
Global Formic Acid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Formic Acid Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Formic Acid revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Formic Acid revenues share in global market, 2021 (%)
Key companies Formic Acid sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Formic Acid sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BASF
Eastman
Perstorp
Rashtriya Chemicals and Fertilizers
Gujarat Narmada Valley Fertilizers & Chemicals
LUXI
Feicheng Acid
Chongqing Chuandong Chemical
Shijiazhuang Taihe Chemical
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