The global formic acid market size accounted for USD 2.32 billion in 2024, grew to USD 2.43 billion in 2025, and is expected to be worth around USD 3.78 billion by 2034, registering a healthy CAGR of 5% between 2024 and 2034. The Asia Pacific formic acid market size is predicted to increase from USD 1.18 billion in 2024 and is estimated to grow at the fastest CAGR of 5.11% during the forecast year.
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Formic Acid Market
5.1. COVID-19 Landscape: Formic Acid Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Formic Acid Market, By Application
8.1. Formic Acid Market Revenue and Volume, by Application, 2024-2034
8.1.1. Animal Feed
8.1.1.1. Market Revenue and Volume Forecast (2021-2034)
8.1.2. Silage
8.1.2.1. Market Revenue and Volume Forecast (2021-2034)
8.1.3. Leather tanning
8.1.3.1. Market Revenue and Volume Forecast (2021-2034)
8.1.4. Textile dyeing
8.1.4.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 9. Global Formic Acid Market, By End-User
9.1. Formic Acid Market Revenue and Volume, by End-User, 2024-2034
9.1.1. Agriculture
9.1.1.1. Market Revenue and Volume Forecast (2021-2034)
9.1.2. Pharmaceutical
9.1.2.1. Market Revenue and Volume Forecast (2021-2034)
9.1.3. Others
9.1.3.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 10. Global Formic Acid Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.1.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.1.3.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.1.4.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.3.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.4.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.5.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.6.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.3.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.4.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.5.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.6.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.3.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.4.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.5.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.6.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.5.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.5.3.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Application (2021-2034)
10.5.4.2. Market Revenue and Volume Forecast, by End-User (2021-2034)
Chapter 11. Company Profiles
11.1. BASF Intermediate Division
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. BASF SE
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Celanese Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Chongqing Chuandong Chemical (Group) Co., Ltd.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Eastman Chemical Company
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Feicheng Acid Chemicals Co., Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Fleurchem, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Kemira Oyj
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. LUXI Group Co., Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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