Industry: Chemical & Material
Published Date: 2026-07-14
Pages: 135 Pages
Report ld: 6896344
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Performic Acid Market Size(US$)

CAGR 2026-2032
3.6%
Market Size,2032
USD 346
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Performic Acid was estimated to be worth US$ 271 million in 2025 and is projected to reach US$ 346 million, growing at a CAGR of 3.6% from 2026 to 2032.
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 provides a comprehensive view of the global market for Performic Acid, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Performic Acid market size, estimations, and forecasts are presented in terms of sales volume (Kiloton) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Performic Acid.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Performic Acid manufacturers' competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Performic Acid sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Performic Acid sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
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 (2021–2032)
1.2.2 Global Performic Acid Sales Volume (2021–2032)
1.2.3 Global Performic Acid Sales Price (2021–2032)
1.3 Performic Acid Market Trends & Drivers
1.3.1 Performic Acid Industry Trends
1.3.2 Performic Acid Market Drivers & Opportunities
1.3.3 Performic Acid Market Challenges
1.3.4 Performic Acid Market Restraints
1.3.5 Impact of U.S. Tariffs
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 (2025)
2.2 Global Performic Acid Revenue by Company (2021–2026)
2.3 Global Performic Acid Sales Volume Ranking of Players (2025)
2.4 Global Performic Acid Sales Volume by Company (2021–2026)
2.5 Global Performic Acid Average Price by Company (2021–2026)
2.6 Key Manufacturers Performic Acid Manufacturing Base and Headquarters
2.7 Key Manufacturers Performic Acid Product Offerings
2.8 Key Manufacturers Start of Mass Production of Performic Acid
2.9 Performic Acid Market Competitive Analysis
2.9.1 Performic Acid Market Concentration Rate (2021–2026)
2.9.2 Global 5 and 10 Largest Manufacturers by Performic Acid Revenue in 2025
2.9.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Performic Acid revenue, 2025
2.10 Mergers & Acquisitions and Expansion
3 Segmentation Performic Acid Market Classification
3.1 Introduction by Type
3.1.1 Industrial Grade
3.1.2 Medical Grade
3.1.3 Food Grade
3.1.4 Global Performic Acid Sales Value by Type
3.1.4.1 Global Performic Acid Sales Value by Type (2021 vs 2025 vs 2032)
3.1.4.2 Global Performic Acid Sales Value, by Type (2021–2032)
3.1.4.3 Global Performic Acid Sales Value, by Type (%), 2021–2032
3.1.5 Global Performic Acid Sales Volume by Type
3.1.5.1 Global Performic Acid Sales Volume by Type (2021 vs 2025 vs 2032)
3.1.5.2 Global Performic Acid Sales Volume, by Type (2021–2032)
3.1.5.3 Global Performic Acid Sales Volume, by Type (%), 2021–2032
3.1.6 Global Performic Acid Average Price by Type (2021–2032)
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 (2021 vs 2025 vs 2032)
4.2.2 Global Performic Acid Sales Value, by Application (2021–2032)
4.2.3 Global Performic Acid Sales Value, by Application (%), 2021–2032
4.3 Global Performic Acid Sales Volume by Application
4.3.1 Global Performic Acid Sales Volume by Application (2021 vs 2025 vs 2032)
4.3.2 Global Performic Acid Sales Volume, by Application (2021–2032)
4.3.3 Global Performic Acid Sales Volume, by Application (%), 2021–2032
4.4 Global Performic Acid Average Price by Application (2021–2032)
5 Segmentation by Region
5.1 Global Performic Acid Sales Value by Region
5.1.1 Global Performic Acid Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Performic Acid Sales Value by Region (2021–2026)
5.1.3 Global Performic Acid Sales Value by Region (2027–2032)
5.1.4 Global Performic Acid Sales Value by Region (%), 2021–2032
5.2 Global Performic Acid Sales Volume by Region
5.2.1 Global Performic Acid Sales Volume by Region: 2021 vs 2025 vs 2032
5.2.2 Global Performic Acid Sales Volume by Region (2021–2026)
5.2.3 Global Performic Acid Sales Volume by Region (2027–2032)
5.2.4 Global Performic Acid Sales Volume by Region (%), 2021–2032
5.3 Global Performic Acid Average Price by Region (2021–2032)
5.4 North America
5.4.1 North America Performic Acid Sales Value, 2021–2032
5.4.2 North America Performic Acid Sales Value by Country (%), 2025 vs 2032
5.5 Europe
5.5.1 Europe Performic Acid Sales Value, 2021–2032
5.5.2 Europe Performic Acid Sales Value by Country (%), 2025 vs 2032
5.6 Asia Pacific
5.6.1 Asia Pacific Performic Acid Sales Value, 2021–2032
5.6.2 Asia Pacific Performic Acid Sales Value by Region (%), 2025 vs 2032
5.7 South America
5.7.1 South America Performic Acid Sales Value, 2021–2032
5.7.2 South America Performic Acid Sales Value by Country (%), 2025 vs 2032
5.8 Middle East & Africa
5.8.1 Middle East & Africa Performic Acid Sales Value, 2021–2032
5.8.2 Middle East & Africa Performic Acid Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Performic Acid Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Performic Acid Sales Value and Sales Volume
6.2.1 Key Countries/Regions Performic Acid Sales Value, 2021–2032
6.2.2 Key Countries/Regions Performic Acid Sales Volume, 2021–2032
6.3 United States
6.3.1 United States Performic Acid Sales Value, 2021–2032
6.3.2 United States Performic Acid Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Performic Acid Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Performic Acid Sales Value, 2021–2032
6.4.2 Europe Performic Acid Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Performic Acid Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Performic Acid Sales Value, 2021–2032
6.5.2 China Performic Acid Sales Value by Type (%), 2025 vs 2032
6.5.3 China Performic Acid Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Performic Acid Sales Value, 2021–2032
6.6.2 Japan Performic Acid Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Performic Acid Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Performic Acid Sales Value, 2021–2032
6.7.2 South Korea Performic Acid Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Performic Acid Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Performic Acid Sales Value, 2021–2032
6.8.2 Southeast Asia Performic Acid Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Performic Acid Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Performic Acid Sales Value, 2021–2032
6.9.2 India Performic Acid Sales Value by Type (%), 2025 vs 2032
6.9.3 India Performic Acid Sales Value by Application, 2025 vs 2032
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 (2021–2026)
7.1.4 Hangzhou Dayangchem Performic Acid Product Offerings
7.1.5 Hangzhou Dayangchem Recent Developments
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 (2021–2026)
7.2.4 Sagachem Performic Acid Product Offerings
7.2.5 Sagachem Recent Developments
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 (2021–2026)
7.3.4 Parchem Performic Acid Product Offerings
7.3.5 Parchem Recent Developments
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 (2021–2026)
7.4.4 Akos consulting and solution Performic Acid Product Offerings
7.4.5 Akos consulting and solution Recent Developments
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 (2021–2026)
7.5.4 Henan Bon industrial co. ltd. Performic Acid Product Offerings
7.5.5 Henan Bon industrial co. ltd. Recent Developments
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 (2021–2026)
7.6.4 Evonik Industries Performic Acid Product Offerings
7.6.5 Evonik Industries Recent Developments
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 Key Suppliers of Raw Materials
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customer Analysis)
8.5 Sales Model and Sales Channelss
8.5.1 Performic Acid Sales Model
8.5.2 Sales Channels
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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