The global Methanoic Acid market size is predicted to grow from US$ 265 million in 2025 to US$ 330 million in 2031; it is expected to grow at a CAGR of 3.7% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

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.

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.

Infinity Market Research newest research report, the Methanoic Acid Industry Forecast looks at past sales and reviews total world Methanoic Acid sales in 2024, providing a comprehensive analysis by region and market sector of projected Methanoic Acid sales for 2025 through 2031. With Methanoic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Methanoic Acid industry.

This Insight Report provides a comprehensive analysis of the global Methanoic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Methanoic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Methanoic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Methanoic Acid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Methanoic Acid.

This report presents a comprehensive overview, market shares, and growth opportunities of Methanoic Acid market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    0.85
    0.98
    Others

Segmentation by Application:

    Agriculture
    Leather & Textile
    Rubber
    Chemical & Pharmaceuticals
    Other

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Methanoic Acid market?
What factors are driving Methanoic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Methanoic Acid market opportunities vary by end market size?
How does Methanoic Acid break out by Type, by Application?