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Formic Acid Companies

ID: MRFR/CnM/0626-CR
109 Pages
Chitranshi Jaiswal
Last Updated: February 16, 2025
Formic acid companies specialize in the production of formic acid, a versatile chemical with applications in various industries. Formic acid is used in leather tanning, textile processing, and as a preservative in animal feed. Additionally, it serves as a key intermediate in the production of other chemicals. Formic acid companies play a crucial role in supplying high-quality formic acid to meet the diverse needs of their customers in agriculture, chemicals, and other sectors.
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Formic Acid Market

Market Size

Forecast Period2026-2035
CAGR (2026-2035)4.21%
2025 Market Size1.17 Million tons
2035 Market Size1.72 Million tons

Key Players

BASF SE
Perstorp Holding AB
Luxi Chemical Group
Gujarat Narmada Valley Fertilizers & Chemicals
Rashtriya Chemicals and Fertilizers
Feicheng Acid Chemicals Co.
Opportunities
  • Carbon-Neutral Formic Acid as a Hydrogen Carrier
  • Expansion of Antibiotic-Free Poultry in Emerging Markets
  • Chrome-Free Leather Tanning Transition

Top Industry Leaders in the Formic Acid Market

Formic Acid Key Companies

Formic Acid Market

November 2023-ย Indium Corporationย happily revealed its established innovative collection of assembly materials used for PCBA and power electronics, such as those for quickly developing electric vehicle production and the e-Mobility market, atย Productronicaย held between November 14-17 in Munich, Germany. The company is known to have significant automotive market experience and has a brilliant and renowned range of well-established products. The company is set to showcase itsย Rel-ionโ„ขsuite of electrical, thermal, and mechanical solutions to lower electric vehicle (EV) maker's time to market. At present, the company has sold more than four million EVs with its proven, scalable, and reliable Rel-ion products. Rel-ion materials solutions offer consistency by:

Removing dry opens and other issues

Limiting dendritic development with the fulfillment of stringent surface insulation resistance needs

Restricting solder delamination with accurate bond line control and enhanced creep and fatigue resistance

Lowering hot spots-induced voiding with better thermal efficiency

October 2023-ย Researchers at the Center for Advanced Bioenergy and Bioproducts Innovation (CABBI), in an attempt to launch an environmentally friendly chemical production process, have built an affordable technique for the production of succinic acid, a vital industrial chemical, from sugarcane. Researchers from Princeton University and the University of Illinois Illinois have announced the latest technique to produce this organic acid, which is cost-effective.

List of the Key Companies in the Formic Acid market include

  • BASF SE
  • Perstorp
  • Eastman Chemical Company
  • Luxi Chemical Group Co. Ltd
  • Anhui Asahi Kasei Chemical
  • Feicheng Acid Chemical
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited
  • Chongqing Chuandong Chemical Co
  • Perstorp
  • Among others.