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FORMIC ACID MARKET ANALYSIS
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  3. Formic Acid Market Analysis
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FORMIC ACID MARKET ANALYSIS

Formic Acid Market, By Type: (Grade 85% , Grade 94%, Grade 99%, and Others), By Application (Animal Feed and Silage Additive, Leather Tanning, Textile Dyeing and Finishing, Intermediary in Pharmaceuticals, and Other Applications), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Key Developments

  • In 2023, Nitto Denko Corporation and Air Water Inc. (Headquarters: Osaka; Chairman & CEO: Kikuo Toyoda; hereafter Air Water have launched an initiative to produce formic acid*1, which is used to preserve grass, from CO2 derived from livestock manure biomass by utilizing Nitto's CO2 chemical conversion technology.
  • In 2020, BASF increases prices for Formic Acid and for Propionic Acid

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Press Release

Formic Acid Market to surpass US$ 3.43 Bn by 2031
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