Press release
Global Formic Acid Market Research Report 2023
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 Formic Acid market was valued at US$ 244 million in 2022 and is anticipated to reach US$ 333.3 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Major factors driving the growth of the formic Acid market are
The formic acid market is expanding as it is used more frequently in the production of pesticides, leather, dyes, pharmaceuticals, and rubber.
The size of the formic acid market is anticipated to increase further due to the formic acid's environmental acceptability. Given that it evaporates completely without leaving any traces, formic acid is thought to be a very effective organic acid compared to mineral acids.
The market expansion of formic acid is further fueled by its superior antibacterial characteristics.
VIEW FULL REPORT
https://reports.valuates.com/reports/QYRE-Auto-11W621/global-formic-acid
Formic Acid Market Trends
One of the main factors anticipated to propel the growth of the formic acid market worldwide is the rising demand for formic acid in the pharmaceutical and food processing industries. The formic acid market is additionally anticipated to be driven throughout the forecast period by formic acid's use in food preservatives, rubber manufacturing, and leather tanning.
The demand for preservatives, feed additives, and increased meat and poultry consumption are all expected to drive market growth for formic acid. Commercial animal feed additives like formic acid are used to make the animal's diet more acidic. Formic acid is used in cow feed as a preservative, antibacterial, and antimicrobial ingredient.
Formic Acid Market By Type
Content 85%
Content 90%
Content 98%
Others
Formic Acid Market By Application
Agriculture
Leather and Textile
Rubber
Chemical and Pharmaceuticals
Other
INQUIRE FOR SAMPLE
https://reports.valuates.com/reports/QYRE-Auto-11W621/global-formic-acid
SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-17B9604/global-industrial-formic-acid
https://reports.valuates.com/market-reports/QYRE-Auto-6N4056/global-formic-acid-hydrazide
https://reports.valuates.com/market-reports/QYRE-Auto-9B7445/global-polyethylene-naphthalate-two-formic-acid-glycol-ester-pen
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Formic Acid Market Research Report 2023 here
News-ID: 3244507 • Views: …
More Releases from Valuates Reports
Resonant Inductor Market Share Driven by Power Electronics Adoption and Industri …
Resonant Inductor Market
The global market for Resonant Inductor was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-19K15405/Global_Resonant_Inductor_Market_Research_Report_2023
The Resonant Inductor Market is witnessing consistent market growth as demand rises for high-efficiency power conversion and energy management systems across multiple industries. Resonant inductors play a critical role in…
Healthcare LMS Market Set to Surge - Key Insights You Must Know
Healthcare LMS Market Size
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years.
Healthcare LMSs are software platforms designed to help medical practices manage their online learning programs, without removing them from their core responsibility (i.e., patient care) for too long. The software allows users to build relevant…
Course Creation Software Market Set to Surge - Key Insights You Must Know
Course Creation Software Market
Graph databases use topographical data models to store data. These databases connect specific data points (nodes) and create relationships (edges) in the form of graphs that can then be pulled by the user with queries.
Market Analysis and Insights: Global Course Creation Software Market
The global Course Creation Software market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth…
Mobile LMS Software Market Set to Surge - Key Insights You Must Know
Mobile LMS Software Market
The Learning Management System (LMS), also known as the e-Learning system, is an electronic learning and teaching activity through digital methods such as computers and networks. It is an efficient information training management model. In addition to providing management of training under the line, the learning management system is more important to provide an online learning platform for enterprises and employees, through which students can learn electronic…
More Releases for Formic
Track Formic Acid Price Trend Historical and Forecast
Formic Acid Price Trend and Forecast: Q3 2025 Analysis and Outlook
Executive Summary
The global Formic Acid market in Q3 2025 experienced mixed movements across regions, reflecting variations in demand, supply, logistics, and feedstock costs. In North America, prices declined due to softer downstream demand from leather, rubber, and agriculture sectors, with the Formic Acid Price Index in the USA falling by 6.10% quarter-over-quarter to an average of USD 897.67/MT. APAC markets,…
Global Formic Acid Market Size, Share & Forecast 2023
The global Formic Acid market was valued at US$ 244 million in 2022 and is anticipated to reach US$ 333.3 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029.
Major factors driving the growth of the formic Acid market are:
Increasing use in the manufacturing of pesticide, leather, dyes, medicines, and rubber sectors is contributing to the formic acid market growth.
The environmental acceptability of formic acid is…
Global Formic Acid Market Research Report 2023
The global Formic Acid market was valued at US$ 244 million in 2022 and is anticipated to reach US$ 333.3 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029.
Major factors driving the growth of the formic Acid market are:
Increasing use in the manufacturing of pesticide, leather, dyes, medicines, and rubber sectors is contributing to the formic acid market growth.
The environmental acceptability of formic acid is expected…
Formic Acid Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Formic Acid Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Formic Acid players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Formic Acid with respect to individual growth…
Formic Acid Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/formic-acid-market-2/79623
Formic Acid Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Formic Acid basics: definitions, classifications, applications and market overview; product specifications;…
Global Formic Acid Market-Perstorp, Basf, Tianyuan Group, Eastman
Global Formic Acid Market report 2017 is an in-depth research on the current situation of the Formic Acid industry.
The Scope of the Formic Acid research report:
The Global Formic Acid Market primarily includes a basic overview of the Formic Acid industry. It also includes Formic Acid definitions, classifications and applications. It segments the market by applications, types, regions, competitive players and also analyzes Formic Acid market size, business share and Formic…
