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The formic acid market is expected to grow by USD 119.86 million during 2020-2026, according to the latest research report by Gen Consulting Company. The report offers a breakdown of market shares by product, including Content 85%, Content 90%, Content 94%, Content 99%. Based on process, the market for formic acid is segmented into Methyl Formate Hydrolysis, Sodium Formate Process. By application, the formic acid market is classified into Agriculture & Feed, Chemicals & Pharmaceuticals, Leather, Rubber, Textile. On the basis of region, the formic acid industry is analyzed across North America, Europe, Asia-Pacific, South America and MEA (the Middle East, and Africa).

By Product:

  • Content 85%
  • Content 90%
  • Content 94%
  • Content 99%



By Process:

  • Methyl Formate Hydrolysis
  • Sodium Formate Process



By Application:

  • Agriculture & Feed
  • Chemicals & Pharmaceuticals
  • Leather
  • Rubber
  • Textile



By region, the market is analyzed across North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at global, regional & country level from 2020 to 2026.

  • North America (U.S., Canada, Mexico, etc.)
  • Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
  • Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
  • South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)



The market research report covers the analysis of key stake holders of the formic acid market. Some of the leading players profiled in the report include:

  • Baoding Guoxiu Chemical Industry Co., Ltd.
  • BASF SE
  • BASF-YPC Company Limited
  • Bayer (Germany)
  • Chongqing Chuandong Chemical (Group) Co., Ltd.
  • Dongying Shuntong Chemical (Group) Co., Ltd.
  • Eastman Chemical Company
  • Empower Materials (USA)
  • Gujarat Narmada Valley Fertiliser Co., Ltd. (GNFC)
  • Henan Tianguan Group (China)
  • Inner Mongolia Mengxi (China)
  • Jiangsu Kailin Ruiyang Chemical Co., Ltd.
  • Jiangsu Zhongke Jinlong (China)
  • LUXI Group
  • Perstorp AB
  • Polioli Spa
  • PT Sintas Kurama Perdana
  • Qianjiang Fuyang Chemical Co., Ltd.
  • Rashtriya Chemicals and Fertilizers Limited (RCF)
  • Saudi Basic Industries Corporation


*list is not exhaustive, request free sample to get a complete list of companies

The base year of the study is 2019, and forecasts run up to 2026.

Research Objective

  • To analyze and forecast the market size of global formic acid market.
  • To classify and forecast global formic acid market based on product, process, application.
  • To identify drivers and challenges for global formic acid market.
  • To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in global formic acid market.
  • To conduct pricing analysis for global formic acid market.
  • To identify and analyze the profile of leading players operating in global formic acid market.



The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:

  • Manufacturers of formic acid
  • Raw material suppliers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to formic acid