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Formic Acid Price Trend and Forecast

UNSPC code: 12352106
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026

formic acid Price Trends by Country

cnChina
deGermany
trTurkey
inIndia
jpJapan
saSaudi Arabia
vnVietnam
nlNetherlands
krSouth Korea

formic acid Pricing Trends in India: 

  • Northern India formic acid market price trend
  • Southern India formic acid market price trend
  • Central India formic acid market price trend

Global formic acid Price Trend, Analysis and Forecast​

Formic Acid Price Trend Q3 2025

Global Formic Acid markets in Q3 2025 showed steady to rising prices, driven by strong demand from textile, leather, pharmaceutical, agriculture, and specialty industries. Stable feedstock supply, efficient logistics, and strong industrial activity supported market stability. September recorded modest to significant gains across regions, with trends expected to remain firm or upward going into Q4 2025.

China

Formic Acid Export prices FOB Shanghai, China, Grade – 85% min Industrial grade.

According to PriceWatch, in Q3 2025, Formic Acid prices in China remained firm amid increasing demand from textile and leather industries. Formic Acid price trend in China was influenced by stable methanol feedstock supplies and balanced factory output. Production activities were consistent, maintaining steady inventory levels across domestic and export markets. The prices for formic acid in Q3 reflected strong buyer engagement from regional and overseas markets.

Improved logistics and increased export volumes strengthened market sentiment. Formic Acid price trend in China is expected to remain stable into Q4. Formic Acid prices in September 2025 faced a modest increase, supported by ongoing downstream recovery and sustained export orders.

Germany

Formic Acid Export prices FOB Hamburg, Germany, Grade – 99-100%.

In Q3 2025, Formic Acid prices in Germany displayed sustained growth, primarily supported by strong demand from the pharmaceutical and agrochemical sectors. Formic Acid price trend in Germany remained positive, aided by reliable formamide feedstock supply and steady export activities within Europe. Industrial performance showed resilience backed by manageable energy costs and improved production efficiencies.

The prices for formic acid in Q3 reflected balanced supply-demand fundamentals alongside consistent manufacturing throughput. Consumption levels from construction and specialty chemical industries went on to sustain steady market engagement. Formic Acid prices in September 2025 saw a noticeable rise following seasonal purchasing cycles. Product price trend in Germany is projected to maintain upward consistency and market stability into Q4 2025.

Turkey

Formic Acid Import prices CIF Mersin, Turkey, Grade – 99-100%.

In Q3 2025, Formic Acid prices in Turkey for the 99-100% grade showed a moderate upward trajectory driven by strong agriculture and industrial processing demand. Formic Acid price trend in Turkey benefited from consistent import flows from Germany and consistent shipment reliability across ports. Balanced inventories at distribution centres supported continuous delivery to key domestic industries.

The prices for formic acid in Q3 indicated market stability with resilient consumption patterns and sustained upstream cost discipline. End users sustained predictable procurement cycles, contributing to steady trading conditions throughout the quarter. September 2025 prices recorded additional gains reflecting healthy downstream engagement. Formic Acid price trend in Turkey is projected to sustain its stable outlook heading into Q4 2025.

Formic Acid Import prices CIF Mersin, Turkey, Grade – 85% min Industrial grade.

In Q3 2025, Formic Acid prices in Turkey for the 85% min Industrial grade saw slight increases, sustained by steady demand from preservation, textile, and feed sectors. Formic Acid price trend in Turkey was supported by uninterrupted imports from China and smoothly managed port operations. Domestic traders maintained healthy stock levels, ensuring consistent flow through local supply chains.

The prices for formic acid in Q3 mirrored stable industrial activity and balanced procurement behaviour among regional buyers. End-use industries continued to exhibit predictable consumption patterns, enhancing market confidence. September 2025 prices recorded mild gains driven by steady demand and operational efficiency. Formic Acid price trend in Turkey is expected to remain balanced and firm into Q4 2025.

Japan

Formic Acid Import prices CIF Tokyo, Japan, Grade – 85% min Industrial grade.

In Q3 2025, Formic Acid prices in Japan recorded increases driven by strong industrial consumption and rising procurement costs. Formic Acid price trend in Japan was swayed by firm methanol feedstock values and consistent demand from the environmental treatment sector. Imports from China and other suppliers rose as domestic production remained conservative due to recent environmental inspections.

The prices for formic acid in Q3 reflected adjusted supply chain dynamics and robust demand within the textile industry. Industrial buyers kept active purchasing patterns, ensuring steady market performance. September 2025 prices showed a significant rise, aligning with upstream cost movements. Formic Acid price trend in Japan is expected to retain its firm trajectory heading into Q4 2025.

Saudi Arabia

Formic Acid Import prices CIF Jeddah, Saudi Arabia, Grade – 85% min Industrial grade.

In Q3 2025, Formic Acid prices in Saudi Arabia registered steady growth supported by consistent demand from tannery and livestock feed industries. Formic Acid price trend in Saudi Arabia remained mostly stable due to balanced imports from China and regular regional trade activities. Feedstock stability, coupled with efficient logistics and shipping operations, contributed to predictable market performance.

The prices in Q3 reflected positive consumption trends across preservation and chemical processing applications. Industrial users sustained strong procurement activity, ensuring steady operation continues. September 2025 prices showed moderate upward movement, reinforcing business confidence in the domestic market. Formic Acid price trend in Saudi Arabia is expected to maintain stability and balance entering Q4 2025.

Vietnam

Formic Acid Import prices CIF Haiphong, Vietnam, Grade – 85% min Industrial grade.

In Q3 2025, Formic Acid prices in Vietnam remained stable, sustained by strong demand from textile, rubber, and agricultural industries. Formic Acid price trend in Vietnam was bolstered by uninterrupted imports from China and consistent material availability in the domestic market. Industrial buyers sustained regular procurement activity, securing predictable trading volumes throughout the quarter.

The prices in Q3 reflected balanced supply conditions and minimal fluctuations in freight charges. Local manufacturers reported steady operational performance with no major disruptions. September 2025 prices showed sustained growth, sustained by consistent purchasing trends from key end-use sectors. Formic Acid price trend in Vietnam is anticipated to maintain its current stability into Q4 2025.

South Korea

Formic Acid Import prices CIF Busan, South Korea, Grade – 85% min Industrial grade.

In Q3 2025, Formic Acid prices in South Korea recorded modest gains as downstream demand increased across the textile and electronics industries. Formic Acid price trend in South Korea was supported by stable import volumes from China and efficient inventory management by local distributors. Optimized logistics and stable port operations contributed to uninterrupted trade activities through the quarter.

The prices in Q3 reflected steady consumption trends and balanced feedstock availability across domestic markets. Industrial activity went on to recover, strengthening overall purchasing confidence. September 2025 prices showed a minor upward movement in line with broader industrial momentum. Formic Acid price trend in South Korea is expected to maintain its stability entering Q4 2025.

Netherlands

Formic Acid Domestic prices FD Rotterdam, Netherlands, Grade – 99-100%.

In Q3 2025, Formic Acid prices in the Netherlands experienced moderate improvement, supported by stable demand from key industrial sectors. Formic Acid price trend in the Netherlands benefited from reliable feedstock imports within the EU and well-coordinated supply chain operations. Domestic production throughput saw an increase due to favourable manufacturing conditions and efficient energy usage.

The prices in Q3 kept positive momentum, reflecting balanced market activity across local and export channels. Industrial buyers continued consistent procurement, reinforcing market stability. September 2025 prices recorded a steady rise, underscoring resilience in demand. Formic Acid price trend in the Netherlands is anticipated to remain firm heading into Q4 2025.

Formic Acid Import prices CIF Nhava Sheva, India, Grade – 85% min Industrial grade.

In Q3 2025, Formic Acid prices in India rose steadily, driven by strong demand from the textile and agriculture sectors. Formic Acid price trend in India was supported by stable import flows from Chinese suppliers and well-managed shipping timelines. Local distributors maintained sufficient inventories, ensuring uninterrupted supply for domestic buyers.

The prices for formic acid in Q3 mirrored strong market sentiment and predictable operational costs. Industrial activity stayed buoyant, with consistent procurement from downstream sectors maintaining overall market stability. September 2025 prices registered a clear upward movement, highlighting ongoing industrial growth and expansion. Formic Acid price trend in India is expected to sustain its upward trajectory heading into Q4 2025, supported by continued sectoral demand.

Formic Acid Price Trend Analysis: Q2 2025

According to PriceWatch, Formic Acid prices on an FOB Shanghai basis in China averaged USD 479 per metric ton in Q2 2025, marking a 5.27% increase from Q1 2025. Prices in Germany on an FOB Hamburg basis averaged USD 973 per metric ton, reflecting a 3.29% rise compared to the previous quarter. This global price trend was supported by stronger restocking activity and stable demand from key sectors like textiles and leather.

The Q2 2025 price trend for Formic Acid showed moderate gains, with the price trend displaying a steady upward movement throughout the quarter. Market participants noted that supply chains remained resilient, and producers maintained disciplined inventory management to support prices. The global Formic Acid market has regained confidence as exporters in China and Germany prioritize logistics efficiency to meet changing market demands.

Formic Acid Price Trend Analysis: Q1 2025

In Q1 2025, Chinese Formic Acid prices rose slightly to $455/ton, up 1.79%. The modest recovery was driven by restocking and seasonal demand uptick, especially from stable-performing sectors like textiles and agriculture, signaling potential for gradual market improvement.  In Q1 2025, German Formic Acid prices slipped to $942/ton, a 2.28% decline from Q4 2024.

Consistent but unspectacular demand from stable end-use sectors kept prices soft, while ample availability and cautious buying capped any upward movement. These Price Changes Impacted the importing countries like: India, Netherlands, Turkey, Japan, Saudi Arabia, Vietnam and South Korea.

Formic Acid Price Trend Analysis: Q4 2024

Chinese Formic Acid prices slipped further to $447/ton in Q4 2024, marking a 4.89% decrease. Continued supply overhang and unchanged demand from stable downstream industries added pressure, with producers resorting to price cuts to manage excess stock and preserve margins. German Prices dropped to $964/ton in Q4 2024, down 2.63% from Q3.

While downstream industries remained steady, subdued export orders and macroeconomic uncertainty across Europe dampened sentiment, encouraging price reductions to maintain trade volumes. These Price Changes Impacted the importing countries like: India, Netherlands, Turkey, Japan, Saudi Arabia, Vietnam and South Korea.

Formic Acid Price Trend Analysis: Q3 2024

Chinese Formic Acid prices dropped to $470/ton in Q3 2024, down 8.56% from Q2. Although downstream sectors remained stable, high inventory levels and reduced export activity pushed suppliers to lower prices to maintain competitiveness. In Q3 2024, German formic acid prices eased to $990/ton, reflecting a modest 1.3% decline.

Despite stable downstream performance, increased competition among regional suppliers and a slight easing in input costs led to minor price adjustments across the domestic market. These Price Changes Impacted the importing countries like: India, Netherlands, TĂĽrkiye, Japan, Saudi Arabia, Vietnam, and South Korea.

Formic Acid Price Trend Analysis: Q2 2024

China Prices dipped slightly to $514/ton in Q2 2024, a 0.39% decrease from Q1. The market remained steady as downstream industries remained stable, but a lack of fresh demand or major supply disruptions kept pricing mostly unchanged during this quarter. German Prices increased to $1,003/ton in Q2 2024, up 7.5% from Q1.

The increase was supported by Inventory restocking and growing downstream market. These Price Changes Impacted the importing countries like: India, Netherlands, TĂĽrkiye, Japan, Saudi Arabia, Vietnam, and South Korea.

Formic Acid Price Trend Analysis: Q1 2024

In Q1 2024, Formic Acid prices in China $516/ton, down 11.95%. The decline was driven by stabilizing geopolitical tensions and a return to supply-demand equilibrium, which eased market pressures despite stable performance in downstream industries. Formic Acid prices in Germany averaged $933/ton, falling 7.99%.

The drop resulted from easing energy costs and improved supply conditions, while downstream industries like agriculture and leather remained stable, limiting further market volatility. These Price Changes Impacted the importing countries like: India, Netherlands, TĂĽrkiye, Japan, Saudi Arabia, Vietnam, and South Korea.

India formic acid Price Trend, Analysis and Forecast

Formic Acid Price Trend Analysis: Q1 2025

Prices saw a slight uptick to $533/ton in Q1 2025, rising by 1.33%. This increase was driven by restocking efforts and improved buying interest, while downstream industries continued stable operations with consistent raw material intake.

Formic Acid Price Trend Analysis: Q2 2025

According to PriceWatch, Formic Acid prices on a CIF Nhava Sheva, India basis averaged USD 537 per metric ton in Q2 2025, registering a 0.56% increase from Q1 2025. The price trend in the Indian market was stable, with only slight upward movement reflecting consistent import demand and minimal supply disruptions.

The Q2 2025 price trend for India closely followed global market movements, while the price trend showed limited volatility and a narrow trading range. Ex-India, the Formic Acid market benefited from steady downstream consumption in sectors such as textiles and rubber.

Market participants in India continued to monitor international price developments and adjusted procurement strategies to secure favourable contracts and manage inventories efficiently.

Formic Acid Price Trend Analysis: Q1 2024

In Q1 2024 Formic Acid price in India was at $570/ton, down 5.94%. The decline stemmed from softened import costs and balanced supply-demand, while downstream industries such as rubber and textiles maintained stable procurement activity.

Formic Acid Price Trend Analysis: Q2 2024

Prices inched up to $575/ton in Q2 2024, a slight 0.88% increase from Q1. Stable demand from end-use sectors and marginal rise in international prices supported the mild recovery in domestic Formic Acid market sentiment.

Formic Acid Price Trend Analysis: Q3 2024

Prices declined to $546/ton in Q3 2024, a 5.04% drop from the previous quarter. Despite steady downstream demand, increased local inventory and limited export activity led to price corrections across the Indian market.

Formic Acid Price Trend Analysis: Q4 2024

In Q4 2024, prices fell further to $526/ton, down 3.66%. Domestic demand stayed constant, but competitive import offers, and high stock levels continued to suppress price momentum in the Indian Formic Acid market.

Global formic acid Supply Chain

Upstream
Downstream
  • Animal Feed Preservation
  • Leather Tanning
  • Pharmaceuticals
  • Rubber Industry
  • Agrochemicals
  • Textiles Dyeing and Finishing Chemical Synthesis
Major supplying countries
  •  China
  •  Germany
Major importing countries
  • India
  • Turkey
  • Japan
  • Netherlands
  •  Saudi Arabia
  •  Vietnam
  • South Korea

India formic acid Supply Chain

Upstream
  • Methanol
Downstream
  • Animal Feed Preservation
  • Leather Tanning
  • Pharmaceuticals
  • Rubber Industry
  • Agrochemicals
  • Textiles Dyeing and Finishing
  • Chemical Synthesis
Major supplying countries
  •  China
  •  Germany
Major importing countries
  • India
  • Turkey
  • Japan
  • Netherlands
  •  Saudi Arabia
  •  Vietnam
  • South Korea

Technical Specifications of Formic Acid Price Trends

Molecular Weight[g/mol]

46.03

CAS No

64-18-6

HS Code

29151100

Molecular Formula

HCOOH
formic acid

Formic Acid is a colorless, pungent liquid widely used in industrial and agricultural applications. As a versatile chemical, it serves as a preservative in animal feed, a key component in leather production, and a powerful cleaning agent. Formic Acid is also used in the production of formate salts, which have applications in textiles, rubber, and pharmaceuticals. Known for its strong acidity and reducing properties, it is effective in various chemical reactions, making it essential in industries such as agriculture, food processing, and manufacturing.

Packaging Type

ISO Tanks

Formic Acid Grades Covered

Industrial Grade (85%, 99%)

Incoterms Used

FOB China, FOB Germany, CIF Mersin (China, Germany), CIF Nhava Sheva (China), CIF Busan (China), CIF Tokyo (China), CIF Jeddah (China), CIF Haiphong (China), FD Rotterdam (Germany)

Synonym

Methanoic acid, Formylic acid

PriceWatch Quotation Terms:

20-25 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property  Value  Units 
Appearance  Colorless to transparent liquid   
Formic Acid   85  % 
Chloride  0.006  % 
Sulphate  0.001  % 
Iron  0.0001  % 
Evaporation Residue  0.060  % 

Formic Acid Industrial Applications

Formic Acid is a highly versatile compound with numerous industrial applications that span various sectors. One of its primary uses is in the production of superabsorbent polymers, which are essential for manufacturing disposable diapers and feminine hygiene products. The unique ability of Formic Acid to absorb significant amounts of liquid makes it invaluable in personal care applications.

Additionally, its properties allow it to act as a pH regulator and preservative, enhancing the overall performance of these products. In the construction industry, Formic Acid is utilized in paints, coatings, and emulsions. It improves flexibility, adhesion, and weather resistance, making coatings more durable and extending their lifespan.

Formic Acid also plays a critical role in the formulation of adhesives and sealants, where its excellent bonding characteristics ensure strong and lasting applications. This is particularly important in both residential and commercial construction, where long-lasting performance is crucial. The automotive sector is another significant consumer of Formic Acid, using it in the production of lightweight composite materials.

These materials contribute to improved fuel efficiency and reduced emissions, aligning with the industry’s sustainability goals. The use of Formic Acid in automotive applications highlights its importance in promoting more eco-friendly manufacturing processes. With the growing emphasis on sustainability, bio-based or green Formic Acid has emerged as an eco-friendly alternative.

Derived from renewable resources such as biomass, bio-Formic Acid not only reduces reliance on fossil fuels but also minimizes the carbon footprint of industrial processes. Its integration into various applications further underscores the commitment to sustainable practices across multiple sectors, including textiles and agriculture, where it enhances product performance while being environmentally friendly.

Historically, several events have caused significant fluctuations in Formic Acid prices

  • Israel-Hamas Conflict (2023-Present): The ongoing conflict has disrupted trade routes and supply chains in the Middle East, affecting the availability and costs of raw materials critical for Formic Acid production, impacting markets globally, including South Africa and South Korea.
  • Russia-Ukraine Conflict (2022-Present): This war has severely disrupted production and supply chains across Europe, particularly impacting Belgium, and the Netherlands. These disruptions have led to increased costs and heightened global price volatility for Formic Acid, affecting importing markets like India and China.
  • COVID-19 Pandemic (2020-Present): The pandemic caused initial disruptions in production and a sharp decline in demand across several sectors. As economies recovered, demand surged in markets such as India and China, significantly impacting Formic Acid prices.
  • Environmental Regulations and Protests (2019-Present): Stricter environmental regulations in South Korea and India, along with protests against industrial pollution, have led to increased production costs and compliance challenges, contributing to price increases in the Formic Acid market.
  • Geopolitical Tensions and Trade Wars (2018-Present): Ongoing trade tensions, particularly between the U.S. and China, have created uncertainties in global supply chains. This has affected import/export dynamics for Formic Acid, especially in South Africa, South Korea, and key importing markets like Belgium and Singapore.

These events underscore the Formic Acid market’s vulnerability to global disruptions and highlight the importance of continuous monitoring of supply-demand dynamics.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global formic acid price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the formic acid market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence formic acid prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely formic acid market data.

Track PriceWatch's formic acid price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from various sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures our assessments reflect the most current market conditions for Formic Acid.
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users across major Formic Acid production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
  • Supply Chain Monitoring: We track the entire Formic Acid supply chain, from raw material availability to production and distribution channels, including monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, that can significantly impact Formic Acid prices. Our analysis considers potential disruptions to supply chains and their immediate and long-term effects on pricing.
  • Natural Disasters and Climate Events: We assess the impact of natural disasters on Formic Acid production facilities, particularly in vulnerable regions. These events are factored into our price forecasts and supply outlooks.
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand, to predict shifts in Formic Acid demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global Formic Acid production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to accurately assess current supply availability.
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming Formic Acid production capacities, factoring in new plant constructions, expansions, and technological advancements.

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Formic Acid pricing, including shifts in manufacturing bases and trade policies.

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Formic Acid prices, incorporating real-time data, historical trends, and projected market conditions.
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers.
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Formic Acid pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Molecular Weight[g/mol]

46.03

CAS No

64-18-6

HS Code

29151100

Molecular Formula

HCOOH
formic acid

Formic Acid is a colorless, pungent liquid widely used in industrial and agricultural applications. As a versatile chemical, it serves as a preservative in animal feed, a key component in leather production, and a powerful cleaning agent. Formic Acid is also used in the production of formate salts, which have applications in textiles, rubber, and pharmaceuticals. Known for its strong acidity and reducing properties, it is effective in various chemical reactions, making it essential in industries such as agriculture, food processing, and manufacturing.

Packaging Type

ISO Tanks

Grades Covered

Industrial Grade (85%, 99%)

Incoterms Used

FOB China, FOB Germany, CIF Mersin (China, Germany), CIF Nhava Sheva (China), CIF Busan (China), CIF Tokyo (China), CIF Jeddah (China), CIF Haiphong (China), FD Rotterdam (Germany)

Synonym

Methanoic acid, Formylic acid

PriceWatch Quotation Terms:

20-25 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property  Value  Units 
Appearance  Colorless to transparent liquid   
Formic Acid   85  % 
Chloride  0.006  % 
Sulphate  0.001  % 
Iron  0.0001  % 
Evaporation Residue  0.060  % 

Applications

Formic Acid is a highly versatile compound with numerous industrial applications that span various sectors. One of its primary uses is in the production of superabsorbent polymers, which are essential for manufacturing disposable diapers and feminine hygiene products. The unique ability of Formic Acid to absorb significant amounts of liquid makes it invaluable in personal care applications.

Additionally, its properties allow it to act as a pH regulator and preservative, enhancing the overall performance of these products. In the construction industry, Formic Acid is utilized in paints, coatings, and emulsions. It improves flexibility, adhesion, and weather resistance, making coatings more durable and extending their lifespan.

Formic Acid also plays a critical role in the formulation of adhesives and sealants, where its excellent bonding characteristics ensure strong and lasting applications. This is particularly important in both residential and commercial construction, where long-lasting performance is crucial. The automotive sector is another significant consumer of Formic Acid, using it in the production of lightweight composite materials.

These materials contribute to improved fuel efficiency and reduced emissions, aligning with the industry’s sustainability goals. The use of Formic Acid in automotive applications highlights its importance in promoting more eco-friendly manufacturing processes. With the growing emphasis on sustainability, bio-based or green Formic Acid has emerged as an eco-friendly alternative.

Derived from renewable resources such as biomass, bio-Formic Acid not only reduces reliance on fossil fuels but also minimizes the carbon footprint of industrial processes. Its integration into various applications further underscores the commitment to sustainable practices across multiple sectors, including textiles and agriculture, where it enhances product performance while being environmentally friendly.

Formic Acid Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for formic acid. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of formic acid is influenced by several factors, including the cost of raw materials such as methanol and carbon monoxide, production capacities, and transportation expenses. Additionally, fluctuations in demand from key industries like agriculture, textiles, and pharmaceuticals, along with geopolitical events and environmental regulations, can significantly impact pricing. Procurement heads should monitor these factors to make informed purchasing decisions.

Regional price variations for formic acid can arise from differences in raw material availability, production capabilities, and local demand. For example, regions with abundant feedstock resources may offer lower prices compared to areas with limited access. Understanding these regional differences allows procurement heads to optimize sourcing strategies, potentially reducing costs by exploring opportunities in cost-competitive markets and adjusting supply chains accordingly.

The price outlook for formic acid is shaped by trends in raw material costs, supply-demand dynamics, and global economic conditions. In the near term, procurement heads should expect potential price volatility due to fluctuations in feedstock prices and changes in regulatory policies. To plan effectively, they should monitor market reports, consider long-term contracts with suppliers, and explore alternative sourcing options to hedge against price increases and ensure cost stability.

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