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Top 9 manufacturers in Formic Acid Market

 

    Prof Research published a new Market report on Formic Acid Market. It presents the largest 9 manufacturers in Formic Acid Market. The report is a professional and in-depth study on the current state of the global Inks market with a focus on the Chinese market. The report provides key statistics on the market of Formic Acid. It is a valuable source of guidance and direction for companies and individuals interested in Formic Acid industry.

    BASF is the largest manufacture of Formic Acid in the world, it has a market share of 29.14% in value.  Luxi Chemcial is the second largest manufacture of Formic Acid in the world, it has a market share of 23.08% in value. LUXI Group is a municipal and state-owned enterprise. With a total asset of 30.1 billion RMB and over 11,000 employees, LUXI Group is involved in many industrial fields such as coal chemical, fluorine and silicon chemical, new material, fertilizer, R&D, as well as Chemical Equipment, Chemical Engineering, New Energy Equipment, catalyst and Finance. 

    Eastman is the third largest manufacture of Formic Acid in the world, it has a market share of 11.49% in value. Shandong Acid is the fouth largest manufacture of Formic Acid in the world, it has a market share of 10.81% in value. Shandong Acid Co., Ltd., a large integrated chemical enterprise is jointly invested by Shiheng Special Steel Group Co., Ltd(SHTG) and Feicheng Acid Chemicals Co., Ltd.(FAC), with registered capital of RMB1 billion, located in Shiheng industrial area of Feicheng city. The main products and annual capacity: Formic Acid-200,000mt; Oxalic Acid-50,000mt; Calcium  Formate-30,000mt; Formamide-30,000mt; Potassium Formate-10,000mt.