US Formic Acid Market (2025-2031) | Size, Industry, Share, Analysis, Value, Revenue, Trends, Growth, Forecast & Companies

Topics Covered in the United States (US) Formic Acid Market

United States (US) Formic Acid Market report thoroughly covers the market by grade type and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

United States (US) Formic Acid Market Synopsis

United States market is gaining traction due to the increasing demand for eco-friendly products and the rising adoption of formic acid across various industries such as agriculture, food, and healthcare. However, the market consists of some challenges like health and fluctuating raw material prices, and stringent government regulations. However, the growing preference for formic acid as a substitute for synthetic chemicals is increasing the market share tremendously.

According to 6Wresearch, the United States (US) Formic Acid Market size is estimated to grow at a CAGR of 4.9% during the forecast period 2025-2031. The market growth is driven by various growing factors such as the increasing animal feed products demand, the rising use of formic acid as a preservative and antibacterial agent in food products. Additionally, the rising preference for formic acid as sustainable substitute for synthetic chemicals are the major factor driving the market growth. The rising use of formic acid in the leather industry as a tanning agent and in the healthcare industry as a pharmaceutical intermediate is estimated to spur the United States Formic Acid Market growth. However, some challenges can hamper its growth such as the high volatility and corrosive nature of formic acid, the fluctuations in raw material prices and the lack of effective recycling methods for formic acid waste. Nevertheless, the increasing usage of formic acid as a primary feed acidifier and mold inhibitor in the animal feed industry is driving its demand. The growing focus on research and development activities to innovate new applications and formulations of formic acid, such as formic acid-based biofuels and formic acid-based batteries, is evolving the market.

Government Initiatives Introduced in the United States (US) Formic Acid Market

The United States government has been promoting the adoption of eco-friendly and sustainable products, including formic acid. The Environmental Protection Agency (EPA) has set stringent regulations on the usage of formic acid to reduce its harmful effects on humans and the environment. The Department of Energy (DOE) is funding research and development activities to explore the potential of formic acid as a renewable and efficient fuel source. The United States Department of Agriculture (USDA) is supporting farmers and researchers to develop and adopt formic acid-based solutions for animal feed and crop protection.

Key Players in the United States (US) Formic Acid Market

The United States formic acid market has several leading companies operating in the market. Some of the leading players in the market are BASF, Eastman Chemicals, Perstorp, Taminco, Celanese, and Huntsman. These companies are investing heavily in research and development activities to introduce new products with advanced features.

Market Analysis by Application

According to Nitesh, Research Manager, 6Wresearch, the pharmaceutical industry is dominating the United States (US) Formic Acid Market share. With the increasing demand for pharmaceuticals and the demand for formic acid as an intermediary in pharmaceutical production.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• United States (US) Formic Acid Market Outlook
• Market Size of United States (US) Formic Acid Market, 2024
• Forecast of United States (US) Formic Acid Market, 2031
• Historical Data and Forecast of United States (US) Formic Acid Revenues & Volume for the Period 2021 - 2031
• United States (US) Formic Acid Market Trend Evolution
• United States (US) Formic Acid Market Drivers and Challenges
• United States (US) Formic Acid Price Trends
• United States (US) Formic Acid Porter's Five Forces
• United States (US) Formic Acid Industry Life Cycle
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By Grade Type for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By 0.75 for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By 0.8 for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By 0.85 for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By 0.94 for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By 0.99 for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By Animal Feed for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By Leather Tanning for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By Textile Dyeing and Finishing for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By Intermediary in Pharmaceuticals for the Period 2021 - 2031
• Historical Data and Forecast of United States (US) Formic Acid Market Revenues & Volume By Other Applications for the Period 2021 - 2031
• United States (US) Formic Acid Import Export Trade Statistics
• Market Opportunity Assessment By Grade Type
• Market Opportunity Assessment By Application
• United States (US) Formic Acid Top Companies Market Share
• United States (US) Formic Acid Competitive Benchmarking By Technical and Operational Parameters
• United States (US) Formic Acid Company Profiles
• United States (US) Formic Acid Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Grade Type

• 0.75
• 0.8
• 0.85
• 0.94
• 0.99

By Application

• Animal Feed
• Leather Tanning
• Textile Dyeing And Finishing
• Intermediary In Pharmaceuticals
• Other Applications