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Methanoic Acid-Global Market Insights and Sales Trends 2025
Synopsis
Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid. It is used in many areas, from leather processing to feed preservation.
The global Methanoic Acid market size is expected to reach US$ 314.2 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Methanoic Acid in various end use industries. The expanding demands from the Agriculture, Leather & Textile, Rubber and Chemical & Pharmaceuticals, are propelling Methanoic Acid market. 0.85, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 0.98 segment is estimated at % CAGR for the next seven-year period.
Global Formic Acid key players include BASF, LUXI, Eastman, Feicheng Acid, Chongqing Chuandong Chemical, etc. Global top five manufacturers hold a share about 85%.
China is the largest market, with a share about 45%, followed by Europe and North America, both have a share over 45 percent.
In terms of product, Content 85% is the largest segment, with a share about 60%. And in terms of application, the largest application is Agriculture, followed by Leather & Textile.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Methanoic Acid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Methanoic Acid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Methanoic Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Methanoic Acid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Methanoic Acid covered in this report include BASF, LUXI, Eastan, Rashtriya Chemicals and Fertilizers, Tianyuan Group, Gujarat Narmada Valley Fertilizers & Chemicals, Feicheng Acid, Perstorp and Wuhan Ruisunny Chemical, etc.
The global Methanoic Acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
LUXI
Eastan
Rashtriya Chemicals and Fertilizers
Tianyuan Group
Gujarat Narmada Valley Fertilizers & Chemicals
Feicheng Acid
Perstorp
Wuhan Ruisunny Chemical
Shandong Rongyue Chemical
Chongqing Chuandong Chemical
Huaqiang Chemical
Shanxi Yuanping Chemicals
Shandong Baoyuan Chemical
Global Methanoic Acid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Methanoic Acid market, Segment by Type:
0.85
0.98
Others
Global Methanoic Acid market, by Application
Agriculture
Leather & Textile
Rubber
Chemical & Pharmaceuticals
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Methanoic Acid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Methanoic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid. It is used in many areas, from leather processing to feed preservation.
The global Methanoic Acid market size is expected to reach US$ 314.2 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Methanoic Acid in various end use industries. The expanding demands from the Agriculture, Leather & Textile, Rubber and Chemical & Pharmaceuticals, are propelling Methanoic Acid market. 0.85, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 0.98 segment is estimated at % CAGR for the next seven-year period.
Global Formic Acid key players include BASF, LUXI, Eastman, Feicheng Acid, Chongqing Chuandong Chemical, etc. Global top five manufacturers hold a share about 85%.
China is the largest market, with a share about 45%, followed by Europe and North America, both have a share over 45 percent.
In terms of product, Content 85% is the largest segment, with a share about 60%. And in terms of application, the largest application is Agriculture, followed by Leather & Textile.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Methanoic Acid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Methanoic Acid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Methanoic Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Methanoic Acid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Methanoic Acid covered in this report include BASF, LUXI, Eastan, Rashtriya Chemicals and Fertilizers, Tianyuan Group, Gujarat Narmada Valley Fertilizers & Chemicals, Feicheng Acid, Perstorp and Wuhan Ruisunny Chemical, etc.
The global Methanoic Acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
LUXI
Eastan
Rashtriya Chemicals and Fertilizers
Tianyuan Group
Gujarat Narmada Valley Fertilizers & Chemicals
Feicheng Acid
Perstorp
Wuhan Ruisunny Chemical
Shandong Rongyue Chemical
Chongqing Chuandong Chemical
Huaqiang Chemical
Shanxi Yuanping Chemicals
Shandong Baoyuan Chemical
Global Methanoic Acid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Methanoic Acid market, Segment by Type:
0.85
0.98
Others
Global Methanoic Acid market, by Application
Agriculture
Leather & Textile
Rubber
Chemical & Pharmaceuticals
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Methanoic Acid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Methanoic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Methanoic Acid Market Overview
1.1 Methanoic Acid Product Overview
1.2 Methanoic Acid Market Segment by Type
1.2.1 0.85
1.2.2 0.98
1.2.3 Others
1.3 Global Methanoic Acid Market Size by Type
1.3.1 Global Methanoic Acid Market Size Overview by Type (2018-2029)
1.3.2 Global Methanoic Acid Historic Market Size Review by Type (2018-2023)
1.3.3 Global Methanoic Acid Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Methanoic Acid Sales Breakdown by Type (2018-2023)
1.4.2 Europe Methanoic Acid Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Methanoic Acid Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Methanoic Acid Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Methanoic Acid Sales Breakdown by Type (2018-2023)
2 Global Methanoic Acid Market Competition by Company
2.1 Global Top Players by Methanoic Acid Sales (2018-2023)
2.2 Global Top Players by Methanoic Acid Revenue (2018-2023)
2.3 Global Top Players by Methanoic Acid Price (2018-2023)
2.4 Global Top Manufacturers Methanoic Acid Manufacturing Base Distribution, Sales Area, Product Type
2.5 Methanoic Acid Market Competitive Situation and Trends
2.5.1 Methanoic Acid Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Methanoic Acid Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Methanoic Acid as of 2022)
2.7 Date of Key Manufacturers Enter into Methanoic Acid Market
2.8 Key Manufacturers Methanoic Acid Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Methanoic Acid Status and Outlook by Region
3.1 Global Methanoic Acid Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Methanoic Acid Historic Market Size by Region
3.2.1 Global Methanoic Acid Sales in Volume by Region (2018-2023)
3.2.2 Global Methanoic Acid Sales in Value by Region (2018-2023)
3.2.3 Global Methanoic Acid Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Methanoic Acid Forecasted Market Size by Region
3.3.1 Global Methanoic Acid Sales in Volume by Region (2024-2029)
3.3.2 Global Methanoic Acid Sales in Value by Region (2024-2029)
3.3.3 Global Methanoic Acid Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Methanoic Acid by Application
4.1 Methanoic Acid Market Segment by Application
4.1.1 Agriculture
4.1.2 Leather & Textile
4.1.3 Rubber
4.1.4 Chemical & Pharmaceuticals
4.1.5 Other
4.2 Global Methanoic Acid Market Size by Application
4.2.1 Global Methanoic Acid Market Size Overview by Application (2018-2029)
4.2.2 Global Methanoic Acid Historic Market Size Review by Application (2018-2023)
4.2.3 Global Methanoic Acid Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Methanoic Acid Sales Breakdown by Application (2018-2023)
4.3.2 Europe Methanoic Acid Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Methanoic Acid Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Methanoic Acid Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Methanoic Acid Sales Breakdown by Application (2018-2023)
5 North America Methanoic Acid by Country
5.1 North America Methanoic Acid Historic Market Size by Country
5.1.1 North America Methanoic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Methanoic Acid Sales in Volume by Country (2018-2023)
5.1.3 North America Methanoic Acid Sales in Value by Country (2018-2023)
5.2 North America Methanoic Acid Forecasted Market Size by Country
5.2.1 North America Methanoic Acid Sales in Volume by Country (2024-2029)
5.2.2 North America Methanoic Acid Sales in Value by Country (2024-2029)
6 Europe Methanoic Acid by Country
6.1 Europe Methanoic Acid Historic Market Size by Country
6.1.1 Europe Methanoic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Methanoic Acid Sales in Volume by Country (2018-2023)
6.1.3 Europe Methanoic Acid Sales in Value by Country (2018-2023)
6.2 Europe Methanoic Acid Forecasted Market Size by Country
6.2.1 Europe Methanoic Acid Sales in Volume by Country (2024-2029)
6.2.2 Europe Methanoic Acid Sales in Value by Country (2024-2029)
7 Asia-Pacific Methanoic Acid by Region
7.1 Asia-Pacific Methanoic Acid Historic Market Size by Region
7.1.1 Asia-Pacific Methanoic Acid Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Methanoic Acid Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Methanoic Acid Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Methanoic Acid Forecasted Market Size by Region
7.2.1 Asia-Pacific Methanoic Acid Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Methanoic Acid Sales in Value by Region (2024-2029)
8 Latin America Methanoic Acid by Country
8.1 Latin America Methanoic Acid Historic Market Size by Country
8.1.1 Latin America Methanoic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Methanoic Acid Sales in Volume by Country (2018-2023)
8.1.3 Latin America Methanoic Acid Sales in Value by Country (2018-2023)
8.2 Latin America Methanoic Acid Forecasted Market Size by Country
8.2.1 Latin America Methanoic Acid Sales in Volume by Country (2024-2029)
8.2.2 Latin America Methanoic Acid Sales in Value by Country (2024-2029)
9 Middle East and Africa Methanoic Acid by Country
9.1 Middle East and Africa Methanoic Acid Historic Market Size by Country
9.1.1 Middle East and Africa Methanoic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Methanoic Acid Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Methanoic Acid Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Methanoic Acid Forecasted Market Size by Country
9.2.1 Middle East and Africa Methanoic Acid Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Methanoic Acid Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BASF
10.1.1 BASF Company Information
10.1.2 BASF Introduction and Business Overview
10.1.3 BASF Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF Methanoic Acid Products Offered
10.1.5 BASF Recent Development
10.2 LUXI
10.2.1 LUXI Company Information
10.2.2 LUXI Introduction and Business Overview
10.2.3 LUXI Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.2.4 LUXI Methanoic Acid Products Offered
10.2.5 LUXI Recent Development
10.3 Eastan
10.3.1 Eastan Company Information
10.3.2 Eastan Introduction and Business Overview
10.3.3 Eastan Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Eastan Methanoic Acid Products Offered
10.3.5 Eastan Recent Development
10.4 Rashtriya Chemicals and Fertilizers
10.4.1 Rashtriya Chemicals and Fertilizers Company Information
10.4.2 Rashtriya Chemicals and Fertilizers Introduction and Business Overview
10.4.3 Rashtriya Chemicals and Fertilizers Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Rashtriya Chemicals and Fertilizers Methanoic Acid Products Offered
10.4.5 Rashtriya Chemicals and Fertilizers Recent Development
10.5 Tianyuan Group
10.5.1 Tianyuan Group Company Information
10.5.2 Tianyuan Group Introduction and Business Overview
10.5.3 Tianyuan Group Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Tianyuan Group Methanoic Acid Products Offered
10.5.5 Tianyuan Group Recent Development
10.6 Gujarat Narmada Valley Fertilizers & Chemicals
10.6.1 Gujarat Narmada Valley Fertilizers & Chemicals Company Information
10.6.2 Gujarat Narmada Valley Fertilizers & Chemicals Introduction and Business Overview
10.6.3 Gujarat Narmada Valley Fertilizers & Chemicals Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Gujarat Narmada Valley Fertilizers & Chemicals Methanoic Acid Products Offered
10.6.5 Gujarat Narmada Valley Fertilizers & Chemicals Recent Development
10.7 Feicheng Acid
10.7.1 Feicheng Acid Company Information
10.7.2 Feicheng Acid Introduction and Business Overview
10.7.3 Feicheng Acid Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Feicheng Acid Methanoic Acid Products Offered
10.7.5 Feicheng Acid Recent Development
10.8 Perstorp
10.8.1 Perstorp Company Information
10.8.2 Perstorp Introduction and Business Overview
10.8.3 Perstorp Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Perstorp Methanoic Acid Products Offered
10.8.5 Perstorp Recent Development
10.9 Wuhan Ruisunny Chemical
10.9.1 Wuhan Ruisunny Chemical Company Information
10.9.2 Wuhan Ruisunny Chemical Introduction and Business Overview
10.9.3 Wuhan Ruisunny Chemical Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Wuhan Ruisunny Chemical Methanoic Acid Products Offered
10.9.5 Wuhan Ruisunny Chemical Recent Development
10.10 Shandong Rongyue Chemical
10.10.1 Shandong Rongyue Chemical Company Information
10.10.2 Shandong Rongyue Chemical Introduction and Business Overview
10.10.3 Shandong Rongyue Chemical Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Shandong Rongyue Chemical Methanoic Acid Products Offered
10.10.5 Shandong Rongyue Chemical Recent Development
10.11 Chongqing Chuandong Chemical
10.11.1 Chongqing Chuandong Chemical Company Information
10.11.2 Chongqing Chuandong Chemical Introduction and Business Overview
10.11.3 Chongqing Chuandong Chemical Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Chongqing Chuandong Chemical Methanoic Acid Products Offered
10.11.5 Chongqing Chuandong Chemical Recent Development
10.12 Huaqiang Chemical
10.12.1 Huaqiang Chemical Company Information
10.12.2 Huaqiang Chemical Introduction and Business Overview
10.12.3 Huaqiang Chemical Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Huaqiang Chemical Methanoic Acid Products Offered
10.12.5 Huaqiang Chemical Recent Development
10.13 Shanxi Yuanping Chemicals
10.13.1 Shanxi Yuanping Chemicals Company Information
10.13.2 Shanxi Yuanping Chemicals Introduction and Business Overview
10.13.3 Shanxi Yuanping Chemicals Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Shanxi Yuanping Chemicals Methanoic Acid Products Offered
10.13.5 Shanxi Yuanping Chemicals Recent Development
10.14 Shandong Baoyuan Chemical
10.14.1 Shandong Baoyuan Chemical Company Information
10.14.2 Shandong Baoyuan Chemical Introduction and Business Overview
10.14.3 Shandong Baoyuan Chemical Methanoic Acid Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Shandong Baoyuan Chemical Methanoic Acid Products Offered
10.14.5 Shandong Baoyuan Chemical Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Methanoic Acid Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Methanoic Acid Industrial Chain Analysis
11.4 Methanoic Acid Market Dynamics
11.4.1 Methanoic Acid Industry Trends
11.4.2 Methanoic Acid Market Drivers
11.4.3 Methanoic Acid Market Challenges
11.4.4 Methanoic Acid Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Methanoic Acid Distributors
12.3 Methanoic Acid Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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