Formic Acid Prices
Chart Description. This chart presents Formic Acid prices in several countries, as follows:
Chart Instructions. Hover the mouse over the series to view the respective Formic Acid prices plotted. You can filter a given Formic Acid price series by clicking on the respective legend label, right above the chart.
About Formic Acid. Formic Acid (a.k.a. Methanoic Acid) is an organic compound, the simplest carboxylic acid in existence. The acid is a colorless fuming liquid, with pungent odor. It was first isolated in 1671, however, it began to be industrially produced in the 1960s, when it became available as a by-product of acetic acid production. Currently, the main method of production has changed (based on methanol), and methanoic acid can be classified as a medium-volume chemical commodity, with the world production capacity at around 800000 tons/year. Formic acid has a variety of industrial uses, mainly in the textile industry and as a chemical intermediate.
Chemical Formula. CH2O2
Commercial Grades. Pure/glacial grade (min. 99% purity); 90% solution; 85% solution
Uses. Formic Acid is mainly employed as dyeing and finishing agent in textiles; chemical intermediate; preservative and antiseptic agent in livestock feed; leather finishing, disinfectant; fumigants and insecticides manufacturing; solvent for perfumes; electroplating; ore flotation; refrigerants; preservative in cosmetics; synthetic food flavoring agent; and latex coagulant.
- Methanol (carbonylation, followed by hydrolysis, sometimes involving ammonia and sulfuric acid)
- Hydrocarbons (liquid-phase oxidation; co-product of acetic acid production)
- Formate salts (acidolysis)
Derivatives. Formic acid is used as raw material in the production of aspartame, formate esters and performic acid.
Methodology. The chemicals pricing data presented are, if not otherwise indicated, volume-weighted average transaction prices including contract and spot transactions in the locations specified. The information provided is obtained from gathering and refining of trade data officially reported for the respective countries (i.e., governmental agencies, institutions related to foreign trade and industry publications). For further details check our Chemicals Pricing Data Methodology.
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