Formic Acid Market
Formic Acid Market - Global Industry Assessment & Forecast
#
Pages:
200
Base Year:
2024
Sep - 2024
Format:
Report Code:
VMR-2610
Segments Covered
By
Type Grade 85%, Grade 94%, Grade 99%, Others
-
By
Application Animal Feed and Silage Additives, Leather Tanning, Textile Dying and Finishing, Intermediary in Pharmaceuticals, Preservative & Antibacterial Agent, Cleaning & Descaling Agent, Chemical Intermediates, Food Additives, Oil & Gas Industry, Others
-
By
End Use Agriculture & Animal Feed, Leather & Textile, Rubber & Plastics, Pharmaceuticals & Healthcare, Chemical & Industrial Processing, Food & Beverage, Oil & Gas, Others
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Snapshot
 Base Year:
|
2024 |
| Forecast
Years:
|
2025 - 2035 |
 Historical
Years:
|
2019 - 2023 |
 Revenue
2024: |
USD 2.32 Billion |
 Revenue 2035:
|
USD 3.865 Billion |
 Revenue CAGR
(2025 - 2035): |
4.75% |
Fastest Growing Region (2025 -
2035)
|
Asia Pacific |
Largest Region (2024):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Formic Acid Market Segment Analysis
- Formic Acid Type Outlook (Revenue, USD Million, 2018 - 2030)
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Formic Acid Application Outlook (Revenue, USD Million, 2018 - 2030)
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Formic Acid End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
-
North America Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
-
North America Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- U.S.
- U.S. Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- U.S. Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- U.S. Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- U.S. Formic Acid Market, by Type
- Canada
- Canada Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Canada Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Canada Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Canada Formic Acid Market, by Type
-
Mexico
- Mexico Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Mexico Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Mexico Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Mexico Formic Acid Market, by Type
-
North America Formic Acid Market, by Type
- Europe
-
Europe Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
-
Europe Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
-
Europe Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- U. K.
- U.K. Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- U.K. Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- U.K. Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- U.K. Formic Acid Market, by Type
- France
- France Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- France Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- France Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- France Formic Acid Market, by Type
-
Germany
- Germany Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Germany Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Germany Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Germany Formic Acid Market, by Type
-
Italy
- Italy Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Italy Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Italy Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Italy Formic Acid Market, by Type
-
Spain
- Spain Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Spain Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Spain Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Spain Formic Acid Market, by Type
-
Rest of Europe
- Rest of Europe Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Rest of Europe Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Rest of Europe Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Rest of Europe Formic Acid Market, by Type
-
Europe Formic Acid Market, by Type
- Asia Pacific
-
Asia Pacific Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
-
Asia Pacific Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
-
Asia Pacific Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- China
- China Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- China Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- China Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- China Formic Acid Market, by Type
- Japan
- Japan Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Japan Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Japan Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Japan Formic Acid Market, by Type
-
Germany
- Germany Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Germany Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Germany Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Germany Formic Acid Market, by Type
-
India
- India Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- India Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- India Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- India Formic Acid Market, by Type
-
South Korea
- South Korea Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- South Korea Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- South Korea Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- South Korea Formic Acid Market, by Type
-
South East Asia
- South East Asia Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- South East Asia Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- South East Asia Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- South East Asia Formic Acid Market, by Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Rest of Asia Pacific Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Rest of Asia Pacific Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Rest of Asia Pacific Formic Acid Market, by Type
-
Asia Pacific Formic Acid Market, by Type
- Latin America
-
Latin America Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
-
Latin America Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
-
Latin America Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Brazil
- Brazil Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Brazil Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Brazil Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Brazil Formic Acid Market, by Type
- Argentina
- Argentina Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Argentina Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Argentina Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Argentina Formic Acid Market, by Type
-
Rest of Latin America
- Rest of Latin America Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Rest of Latin America Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Rest of Latin America Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Rest of Latin America Formic Acid Market, by Type
-
Latin America Formic Acid Market, by Type
- Middle East & Africa
-
Middle East & Africa Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
-
Middle East & Africa Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
-
Middle East & Africa Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- GCC Countries
- GCC Countries Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- GCC Countries Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- GCC Countries Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- GCC Countries Formic Acid Market, by Type
- South Africa
- South Africa Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- South Africa Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- South Africa Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- South Africa Formic Acid Market, by Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Formic Acid Market, by Type
- Grade 85%
- Grade 94%
- Grade 99%
- Others
- Rest of Middle East & Africa Formic Acid Market, by Application
- Animal Feed and Silage Additives
- Leather Tanning
- Textile Dying and Finishing
- Intermediary in Pharmaceuticals
- Preservative & Antibacterial Agent
- Cleaning & Descaling Agent
- Chemical Intermediates
- Food Additives
- Oil & Gas Industry
- Others
- Rest of Middle East & Africa Formic Acid Market, by End Use
- Agriculture & Animal Feed
- Leather & Textile
- Rubber & Plastics
- Pharmaceuticals & Healthcare
- Chemical & Industrial Processing
- Food & Beverage
- Oil & Gas
- Others
- Rest of Middle East & Africa Formic Acid Market, by Type
-
Middle East & Africa Formic Acid Market, by Type
- North America
FAQ
Frequently Asked Question
What is the global demand for Formic Acid in terms of revenue?
-
The global Formic Acid valued at USD 2.32 Billion in 2024 and is expected to reach USD 3.865 Billion in 2035 growing at a CAGR of 4.75%.
Which are the prominent players in the market?
-
The prominent players in the market are BASF SE, Eastman Chemical Company, LUXI GROUP, Perstorp, Feicheng Acid Chemicals Co. Ltd., Yara International ASA, Chongqing Chuandong Chemical (Group) Co. Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Limited, Celanese Corporation, Kemira Oyj .
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.75% between 2025 and 2035.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Formic Acid include
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Formic Acid in 2024.
