Industry: Chemical & Material
Published Date: 2025-02-15
Pages: 102 Pages
Report ld: 3961821
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Performic Acid Market Size(US$)

CAGR 2025-2031
3.6%
Market Size,2031
USD 335
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Performic Acid was estimated to be worth US$ 262 million in 2024 and is forecast to a readjusted size of US$ 335 million by 2031 with a CAGR of 3.6% during the forecast period 2025-2031.
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.
This report aims to provide a comprehensive presentation of the global market for Performic Acid, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Performic Acid by region & country, by Type, and by Application.
The Performic Acid market size, estimations, and forecasts are provided in terms of sales volume (Kiloton) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Performic Acid.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Performic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Performic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Performic Acid in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Performic Acid Product Introduction
1.2 Global Performic Acid Market Size Forecast
1.2.1 Global Performic Acid Sales Value (2020-2031)
1.2.2 Global Performic Acid Sales Volume (2020-2031)
1.2.3 Global Performic Acid Sales Price (2020-2031)
1.3 Performic Acid Market Trends & Drivers
1.3.1 Performic Acid Industry Trends
1.3.2 Performic Acid Market Drivers & Opportunity
1.3.3 Performic Acid Market Challenges
1.3.4 Performic Acid Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Performic Acid Players Revenue Ranking (2024)
2.2 Global Performic Acid Revenue by Company (2020-2025)
2.3 Global Performic Acid Players Sales Volume Ranking (2024)
2.4 Global Performic Acid Sales Volume by Company Players (2020-2025)
2.5 Global Performic Acid Average Price by Company (2020-2025)
2.6 Key Manufacturers Performic Acid Manufacturing Base and Headquarters
2.7 Key Manufacturers Performic Acid Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Performic Acid
2.9 Performic Acid Market Competitive Analysis
2.9.1 Performic Acid Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Performic Acid Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Performic Acid as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Industrial Grade
3.1.2 Medical Grade
3.1.3 Food Grade
3.2 Global Performic Acid Sales Value by Type
3.2.1 Global Performic Acid Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Performic Acid Sales Value, by Type (2020-2031)
3.2.3 Global Performic Acid Sales Value, by Type (%) (2020-2031)
3.3 Global Performic Acid Sales Volume by Type
3.3.1 Global Performic Acid Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Performic Acid Sales Volume, by Type (2020-2031)
3.3.3 Global Performic Acid Sales Volume, by Type (%) (2020-2031)
3.4 Global Performic Acid Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Food Industry
4.1.2 Medical industry
4.1.3 Water treatment
4.1.4 Paper and Pulp
4.1.5 Others
4.2 Global Performic Acid Sales Value by Application
4.2.1 Global Performic Acid Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Performic Acid Sales Value, by Application (2020-2031)
4.2.3 Global Performic Acid Sales Value, by Application (%) (2020-2031)
4.3 Global Performic Acid Sales Volume by Application
4.3.1 Global Performic Acid Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Performic Acid Sales Volume, by Application (2020-2031)
4.3.3 Global Performic Acid Sales Volume, by Application (%) (2020-2031)
4.4 Global Performic Acid Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Performic Acid Sales Value by Region
5.1.1 Global Performic Acid Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Performic Acid Sales Value by Region (2020-2025)
5.1.3 Global Performic Acid Sales Value by Region (2026-2031)
5.1.4 Global Performic Acid Sales Value by Region (%), (2020-2031)
5.2 Global Performic Acid Sales Volume by Region
5.2.1 Global Performic Acid Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Performic Acid Sales Volume by Region (2020-2025)
5.2.3 Global Performic Acid Sales Volume by Region (2026-2031)
5.2.4 Global Performic Acid Sales Volume by Region (%), (2020-2031)
5.3 Global Performic Acid Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Performic Acid Sales Value, 2020-2031
5.4.2 North America Performic Acid Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Performic Acid Sales Value, 2020-2031
5.5.2 Europe Performic Acid Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Performic Acid Sales Value, 2020-2031
5.6.2 Asia Pacific Performic Acid Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Performic Acid Sales Value, 2020-2031
5.7.2 South America Performic Acid Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Performic Acid Sales Value, 2020-2031
5.8.2 Middle East & Africa Performic Acid Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Performic Acid Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Performic Acid Sales Value
6.2.1 Key Countries/Regions Performic Acid Sales Value, 2020-2031
6.2.2 Key Countries/Regions Performic Acid Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Performic Acid Sales Value, 2020-2031
6.3.2 United States Performic Acid Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Performic Acid Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Performic Acid Sales Value, 2020-2031
6.4.2 Europe Performic Acid Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Performic Acid Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Performic Acid Sales Value, 2020-2031
6.5.2 China Performic Acid Sales Value by Type (%), 2024 VS 2031
6.5.3 China Performic Acid Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Performic Acid Sales Value, 2020-2031
6.6.2 Japan Performic Acid Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Performic Acid Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Performic Acid Sales Value, 2020-2031
6.7.2 South Korea Performic Acid Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Performic Acid Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Performic Acid Sales Value, 2020-2031
6.8.2 Southeast Asia Performic Acid Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Performic Acid Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Performic Acid Sales Value, 2020-2031
6.9.2 India Performic Acid Sales Value by Type (%), 2024 VS 2031
6.9.3 India Performic Acid Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Hangzhou Dayangchem
7.1.1 Hangzhou Dayangchem Company Information
7.1.2 Hangzhou Dayangchem Introduction and Business Overview
7.1.3 Hangzhou Dayangchem Performic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Hangzhou Dayangchem Performic Acid Product Offerings
7.1.5 Hangzhou Dayangchem Recent Development
7.2 Sagachem
7.2.1 Sagachem Company Information
7.2.2 Sagachem Introduction and Business Overview
7.2.3 Sagachem Performic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Sagachem Performic Acid Product Offerings
7.2.5 Sagachem Recent Development
7.3 Parchem
7.3.1 Parchem Company Information
7.3.2 Parchem Introduction and Business Overview
7.3.3 Parchem Performic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Parchem Performic Acid Product Offerings
7.3.5 Parchem Recent Development
7.4 Akos consulting and solution
7.4.1 Akos consulting and solution Company Information
7.4.2 Akos consulting and solution Introduction and Business Overview
7.4.3 Akos consulting and solution Performic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Akos consulting and solution Performic Acid Product Offerings
7.4.5 Akos consulting and solution Recent Development
7.5 Henan Bon industrial co. ltd.
7.5.1 Henan Bon industrial co. ltd. Company Information
7.5.2 Henan Bon industrial co. ltd. Introduction and Business Overview
7.5.3 Henan Bon industrial co. ltd. Performic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Henan Bon industrial co. ltd. Performic Acid Product Offerings
7.5.5 Henan Bon industrial co. ltd. Recent Development
7.6 Evonik Industries
7.6.1 Evonik Industries Company Information
7.6.2 Evonik Industries Introduction and Business Overview
7.6.3 Evonik Industries Performic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Evonik Industries Performic Acid Product Offerings
7.6.5 Evonik Industries Recent Development
8 Industry Chain Analysis
8.1 Performic Acid Industrial Chain
8.2 Performic Acid Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Performic Acid Sales Model
8.5.2 Sales Channel
8.5.3 Performic Acid Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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