New Delhi, Formic acid can be used as an antibacterial agent and as a preservative. Around 7, 20, 000 tons of formic acid was produced in the year 2009 globally. It finds application in the livestock feed industry because of its pathogen killing capabilities. It is also used in the textile, dye and animal feed industry. Formic acid gets largely used in both leather and rubber industry. The pharmaceutical industry is another industry that uses this compound. Formic Acid also known by the name Methanoic Acid has a chemical formula HCOOH. It can be prepared by chemical processes and is also found in ants. Soluble in ether and alcohol, the subtle has a pungent odour.

Formic acid can be prepared by carbonization of oxalic acid and methanol. Methanol carbonation method is mostly preferred in the industry. Formic acid is widely used as a cleaning agent too. It can be used to descale the tanks and equipments, and can also be used to remove limescale in the toilet bowls. It can regulate the pH when used in the chemical manufacturing industry and also possesses coagulant properties, which are well suited for the leather industry.

As per studies, a CAGR (compound annual growth rate) of more than 4.5% shows that the formic acid industry is booming. The applications that enhances the formic acid market growth includes its use as a safe antibacterial agent in the animal feed industry, preservative in the agriculture industry, prolongs nutritional value of food products by lowering pH and delaying decay. Hence, it is useful in the food and nutrition industry. It is also used as an astringent and local stimulant in the pharmaceutical industry. A recent ban on antibiotics (for their use towards the growth of animals) further strengthens the position and demand of formic acid to be used in animal feed.

As per recent estimates, the global formic acid market will be around US$ 878.7 million by the year 2027. China leads the consumption (40%), worldwide economic development and better R&D facilities will contribute towards the growth of the Formic Acid market. Formic acid suppliers strengthen their market position and profits as the consumer base increases.

About KPL International Limited

KPL International Limited has been in the chemical industry for the past two decades. The company deals with the marketing, sale and distribution of high-quality chemical products in India and specializes in chemicals, paper and polymers among other product segments. The ISO 9001 and OHSAS certified company represents 35 leading manufacturers of global reputation.