Global Formic Acid Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027

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.

Market Analysis and Insights: Global Formic Acid Market
In 2020, the global Formic Acid market size was US$ 241 million and it is expected to reach US$ 317.8 million by the end of 2027, with a CAGR of 4.5% during 2021-2027.
Global Formic Acid Scope and Market Size
Formic Acid market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Formic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Formic Acid market is segmented into
Content 85%
Content 90%
Content 98%
Others

Segment by Application, the Formic Acid market is segmented into
Agriculture
Leather and Textile
Rubber
Chemical and Pharmaceuticals
Other

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and Formic Acid Market Share Analysis
Formic Acid market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Formic Acid product introduction, recent developments, Formic Acid sales by region, type, application and by sales channel.

The major companies include:
BASF
Eastman
Perstorp
Rashtriya Chemicals and Fertilizers
Gujarat Narmada Valley Fertilizers & Chemicals
LUXI
Feicheng Acid
Chongqing Chuandong Chemical
Shijiazhuang Taihe Chemical