Formic Acid Market - Top Companies and Manufacturers

  • Report ID: 6743
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Companies Dominating the Formic Acid Landscape

    Key players in the formic acid market are employing strategies such as technological innovations, advanced solution launches, strategic collaborations and partnerships, mergers & acquisitions, and regional expansions. Industry giants are forming strategic partnerships with other players and collaborating with research organizations and universities to increase the applications areas of formic areas. In recent years, many market players collaborated with researchers from top universities to expand the use of formic acid. Furthermore, mergers, acquisitions, and regional expansion strategies are aiding them to boost their formic acid market reach.

    Some of the key players include:

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Eastman Chemical Company,
    • Perstorp AB
    • Feicheng Acid Chemicals Co., Ltd
    • Chongqing Chuandong Chemical (Group) Co., Ltd
    • Agro-Bio Contrôle Inc.
    • Brenntag Canada, Inc.
    • ClearTech Industries, Inc.Gujarat Narmada Valley Fertilizers & Chemicals Limited ,
    • LUXI GROUP
    • NOD Apiary Products Ltd
    • Quadra Chemicals Ltd
    • Univar Solutions Ltd
    • Qingdao Hisea Chem Co., Ltd
    • Shandong Aojin Chemical Technology Co., Ltd
    • OCOchem

Browse Key Market Insights with Data Illustration:

In the News

  • In June 2024, Kemin Industries announced the launch of FORMY, an advanced feed acidifier for Swine health, in the U.S. This is a non-antibiotic solution of formic acid effective in reducing the Enterobacteriaceae challenges and Escherichia coli
  • In June 2024, Yield Engineering Systems, Inc. revealed that it supplied multiple VeroTherm Formic Acid Reflow (FAR) systems to logic and memory producers. These systems are used to empower the 3D stacking of memory and logic chips essential for the development of high-performance AI accelerators.

Author Credits:  Rajrani Baghel


  • Report ID: 6743
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global formic acid market will be valued at USD 1.2 billion in 2025.

Expanding at a CAGR of 5.5%, the global market is expected to increase from USD 1.1 billion in 2024 to USD 2.2 billion by 2037.

Some leading companies are BASF SE, Eastman Chemical Company, Perstorp AB, and Feicheng Acid Chemicals Co., Ltd.

The 99% grade segment is estimated to capture a high 16.2% of the market share through 2037.

North America is expected to hold 37.8% of the global market share through 2037.
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