포름산 시장 : 점유율 분석, 산업 동향, 통계, 성장 예측(2025-2030년)

The Formic Acid Market size is estimated at 1.10 Million tons in 2025, and is expected to reach 1.33 Million tons by 2030, at a CAGR of 3.91% during the forecast period (2025-2030).

Rising demand for antibiotic-free animal feed, accelerating investment in bio-based production, and steady uptake across leather, rubber, and pharmaceutical applications underpin this growth path. Animal feed preservation already captures 37.04% of global consumption, and bio-based routes are expanding at 4.72% CAGR as producers seek lower-carbon footprints. Regional momentum is led by Asia-Pacific, where abundant manufacturing capacity and supportive policies are expected to secure a 4.61% regional CAGR through 2030. Process innovation-most notably electrochemical CO2-to-formic acid conversion-could further reshape supply economics as pilot projects move toward commercial scale

Global Formic Acid Market Trends and Insights

Growing Demand for Animal Feed and Silage Additives

Demand for antibiotic-free livestock production has positioned formic acid as a preferred preservative and antimicrobial. At 4 kg/ton in poultry diets, the acid can drive Salmonella counts to undetectable levels, safeguarding food safety and reinforcing regulatory compliance. The European Food Safety Authority allows inclusion rates up to 12,000 mg/kg for pigs and 10,000 mg/kg for poultry, providing legal certainty that accelerates adoption. These factors collectively lift feed-segment consumption above overall formic acid market growth.

Substantial Demand from Leather and Tanning Industry

Premium leather production relies on formic acid to adjust bath pH to 3.8-4.2, accelerating chrome fixation while lowering salt loads compared with mineral acids. Chinese and Indian tanneries, which supply a sizable portion of global hides, increasingly specify >= 85% purity, opening price-premium opportunities for suppliers able to guarantee consistency.

Methanol Feedstock Price Volatility

Because methanol represents 60-70% of production costs in methyl formate hydrolysis, natural-gas-linked price swings compress margins and complicate long-term supply contracts. Producers are hedging by piloting CO2 electro-reduction routes that could break feedstock dependence if renewable power prices keep falling.

Other drivers and restraints analyzed in the detailed report include:

1. Increasing Demand for Rubber Products
2. Growing Adoption in Pharmaceutical Industry for Antibacterial Properties
3. Risks Related to Corrosion and Handling

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Animal feed & silage additives controlled 37.04% of global volume in 2024, giving the segment the largest slice of formic acid market size. Supported by regulatory curbs on antibiotic growth promoters, this share is projected to widen at a 4.21% CAGR. In poultry rations, inclusion rates of 4 kg/ton eliminate detectable Salmonella, boosting farmer confidence and retailer acceptance. Leather tanning remains the second-largest application, capitalizing on the acid's pH control and chrome-penetration benefits, while textile mills value its dye-bath buffering capability. Pharmaceutical and specialty chemical uses are emerging, where high-purity requirements yield premium prices.

Growth prospects extend to natural rubber processing, which adopts formic acid for faster coagulation kinetics and higher aggregate tensile strength. Cleaning and descaling occupy a steady but smaller niche, leveraging the acid's mineral-scale dissolving power at lower environmental impact than stronger inorganic acids. Safety-engineered formulations such as SoftAcid broaden access among smaller operations, suggesting incremental demand upside over the forecast period.

The Global Formic Acid Market is Segmented by Application (Animal Feed and Silage Additives, Leather Tanning, and More), Production Method (Methyl Formate Hydrolysis, Carbonylation Technology, and Other Production Methods), End-Use Industry (Agriculture, Leather and Footwear, and More) and Geography (Asia-Pacific, North America, and More). The Market Forecasts are Provided in Terms of Volume (tons).

Geography Analysis

Asia-Pacific held 53.21% of global consumption in 2024, giving the region the largest slice of formic acid market share. China dominates regional supply, leveraging integrated methanol and downstream chemical complexes to ensure cost competitiveness. India's producers, supported by export incentives and growing domestic leather output, are building new plants that lift regional self-sufficiency. Japan and South Korea source high-purity material for electronics and pharmaceutical synthesis, while Indonesia drives incremental growth through rubber-sector uptake.

North America is the second-largest region, propelled by a vast animal-protein sector and government funding for CO2-utilization R&D. The United States leads pilot deployment of electrochemical production units, eyeing commercial scale by decade-end. Canada's demand is tied mainly to grain and livestock production, whereas Mexico sees rising leather and textile usage.

Europe combines strict feed and chemical regulations with aggressive decarbonization targets, spurring investment in bio-based processes. EU anti-dumping measures on imported chemicals intensify competition and encourage local capacity expansion. South America's growth centers on Brazil's expanding livestock sector, while the Middle East benefits from diversification agendas that encourage specialty-chemical investments. Cross-regional trade flows will likely stay fluid as Asia grows exports and western regions pivot to low-carbon supply chains.

1. BASF
2. Eastman Chemical Company
3. Gujarat Narmada Valley Fertilizers and Chemicals Ltd
4. Luxi Chemical Group Co.,Ltd.
5. Perstorp
6. POLIOLI SpA
7. Sintas Kurama Perdana
8. Rashtriya Chemicals and Fertilizers Ltd
9. Shandong Acid Technology Co., Ltd.
10. Shandong Rongyue Chemical Co. Ltd
11. Wuhan Ruisunny Chemical Co. Ltd

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Growing Demand for Animal Feed and Silage Additives
  • 4.2.2 Substantial Demand from Leather and Tanning Industry
  • 4.2.3 Increasing Demand for Rubber Products
  • 4.2.4 Growing Adoption in Pharmaceutical Industry for Antibacterial Properties
  • 4.2.5 Growing Advancements in its Bio-based Production Technologies
• 4.3 Market Restraints
  • 4.3.1 Methanol feedstock price volatility
  • 4.3.2 Risks Related to Corrosion and Handling
  • 4.3.3 Rising Usage of bio-propionic acid as alternative
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition
• 4.6 Price Analysis

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Application
  • 5.1.1 Animal Feed and Silage Additives
  • 5.1.2 Leather Tanning
  • 5.1.3 Textile Dyeing and Finishing
  • 5.1.4 Intermediary in Pharmaceuticals and Chemicals
  • 5.1.5 Other Applications (Rubber and Latex Coagulation, Cleaning and Descaling Agents, etc.)
• 5.2 By Production Method
  • 5.2.1 Methyl Formate Hydrolysis
  • 5.2.2 Carbonylation Technology
  • 5.2.3 Other Production Methods (Oxalic-acid Route, Fermentation/Bio-based Route)
• 5.3 By End-use Industry
  • 5.3.1 Agriculture
  • 5.3.2 Leather and Footwear
  • 5.3.3 Textile
  • 5.3.4 Chemicals and Solvents
  • 5.3.5 Pharmaceuticals
  • 5.3.6 Rubber
  • 5.3.7 Others End User Industries (Oil and Gas, Food and Beverage, etc.)
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 BASF
  • 6.4.2 Eastman Chemical Company
  • 6.4.3 Gujarat Narmada Valley Fertilizers and Chemicals Ltd
  • 6.4.4 Luxi Chemical Group Co.,Ltd.
  • 6.4.5 Perstorp
  • 6.4.6 POLIOLI SpA
  • 6.4.7 Sintas Kurama Perdana
  • 6.4.8 Rashtriya Chemicals and Fertilizers Ltd
  • 6.4.9 Shandong Acid Technology Co., Ltd.
  • 6.4.10 Shandong Rongyue Chemical Co. Ltd
  • 6.4.11 Wuhan Ruisunny Chemical Co. Ltd

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment
• 7.2 Sustainable Use of Formic Acid in Fuel Cell