Performic Acid Global and China Top Players Market

Performic Acid - Global and China Top Players Market Share and Ranking 2025

Performic Acid Global and China Top Players Market

Performic Acid - Global and China Top Players Market Share and Ranking 2025


The Performic Acid study provides a comprehensive overview of safety standards, market penetration, and innovation pipelines across major economies.

Exclusive deal : 20% Instant discount on Direct purchases! Don't wait—claim your discount today!



Performic Acid Market Overview
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 studies and analyses global Performic Acid status and future trends, helping the client to determine the Performic Acid market size of the total market opportunity by Type, by Application, by company, and by region & country. This report is a detailed and comprehensive analysis of the world market for Performic Acid. It provides market size (in K Units & US$ million) and Year-over-Year growth, considering 2025 as the base year. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments. To assess the competitive environment within the market, including supplier revenue, market share, and company profiles.

Performic Acid Market Key Takeaways

(1) Global Performic Acid market size, history data 2020-2025 , and forecast data 2025 -2031, (US$ million) & (K Units)
(2) Global Performic Acid sales, revenue, price by company, market share, and industry ranking 2020-2025, (US$ million) & (K Units)
(3) China Performic Acid sales, revenue, price by company, market share, and industry ranking 2020-2025, (US$ million) & (K Units)
(4) Global Performic Acid key consuming regions, consumption quantity, consumption value, and demand structure
(5) Global Performic Acid key producing regions, capacity, production, and year-over-year growth
(6) Performic Acid industry chains, upstream, midstream, and downstream

Performic Acid Market: Key Players

The competitive landscape of the Performic Acid Market offers a comprehensive analysis of key players. It includes insights such as company overviews, financial performance, revenue generation, market potential, research and development investments, new market strategies, regional presence, strengths and weaknesses, product launches, product range, and application leadership. These data points specifically pertain to the companies' activities and focus within the Performic Acid Market. Some of the major players operating in the Performic Acid Market are:
  • Hangzhou Dayangchem
  • Sagachem
  • Parchem
  • Akos consulting and solution
  • Henan Bon industrial co. ltd.
  • Evonik Industries


Market IntelliX's study on the Performic Acid market offers information divided into important segments — type, applications, end-use, and region. This report provides comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Performic Acid Market by Type [Analysis by Value from 2020 to 2031]:
  • Industrial Grade
  • Medical Grade
  • Food Grade


Performic Acid Market by Application [Analysis by Value from 2020 to 2031]:
  • Food Industry
  • Medical industry
  • Water treatment
  • Paper and Pulp
  • Others


Performic Acid Market by Region [Analysis by Value from 2020 to 2031]:
  • North America (United States, Canada, and Mexico)
  • Europe (UK, Germany, France, Russia, and Italy)
  • Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
  • South America (Brazil, Colombia, Argentina, etc.)
  • The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)


Performic Acid Market Report Includes:

Chapter 1: To describe Performic Acid product scope, global sales quantity, value and average price, China sales quantity, value and average price, development opportunities, challenges, trends, and policies.

Chapter 2: Global Performic Acid market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025

Chapter 3: China Performic Acid market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025

Chapter 4: Global key producing regions of Performic Acid , percent & CAGR, 2020 - 2031

Chapter 5: Performic Acid industry chain, upstream, medium-stream, and downstream.

Chapter 6: Segment by Type, sales quantity, average price, consumption value, percent & CAGR, 2020 - 2031

Chapter 7: Segment by Application, sales quantity, average price, consumption value, percent & CAGR, 2020 - 2031

Chapter 8: Segment in regional level, sales quantity, average price, consumption value, percent & CAGR, 2020 - 2031

Chapter 9: Segment in country level, sales quantity, average price, consumption value, percent & CAGR, 2020 - 2031

Chapter 10: Company profile, introducing the basic situation of the main companies in the market in detail, including product specifications, application, recent development, sales quantity, average price, revenue, and gross margin.

Chapter 11: Conclusions

1 Market Overview

1.1 Performic Acid Definition

1.2 Global Performic Acid Market Size and Forecast

1.2.1 By Consumption Value, Global Performic Acid Market Size, 2020-2031

1.2.2 By Sales Quantity, Global Performic Acid Market Size, 2020-2031

1.2.3 Global Performic Acid Average Selling Price (ASP), 2020-2031

1.3 China Performic Acid Market Size and Forecast

1.3.1 By Consumption Value, China Performic Acid Market Size, 2020-2031

1.3.2 By Sales Quantity, China Performic Acid Market Size, 2020-2031

1.3.3 China Performic Acid Average Selling Price (ASP), 2020-2031

1.4 Share of China Performic Acid Market with Respect to the Global Market

1.4.1 By Consumption Value, China Performic Acid Market Share in Global, 2020-2031

1.4.2 By Sales Quantity, China Performic Acid Market Share in Global, 2020-2031

1.4.3 Performic Acid Market Size: China VS Global, 2020-2031

1.5 Performic Acid Market Dynamics

1.5.1 Performic Acid Market Drivers

1.5.2 Performic Acid Market Restraints

1.5.3 Performic Acid Industry Trends

1.5.4 Performic Acid Industry Policy

2 Global Leading Manufacturers and Market Share

2.1 By Revenue of Performic Acid, Global Market Share by Company, 2020-2025

2.2 By Sales Quantity of Performic Acid, Global Market Share by Company, 2020-2025

2.3 Performic Acid Average Selling Price (ASP) by Company, 2020-2025

2.4 Global Performic Acid Participants, Market Position (Tier 1, Tier 2, and Tier 3)

2.5 Global Performic Acid Concentration Ratio

2.6 Global Performic Acid Mergers & Acquisitions, Expansion Plans

2.7 Global Performic Acid Manufacturers Product Type

2.8 Head Office and Performic Acid Production Site of Key Manufacturer

2.9 Performic Acid Capacity of Major Manufacturers and Future Plan

3 China Leading Manufacturers and Market Share

3.1 By Revenue of Performic Acid, China Market Share by Company, 2020-2025

3.2 By Sales Quantity of Performic Acid, China Market Share by Company, 2020-2025

3.3 China Performic Acid Performic Acid Participants, Market Position (Tier 1, Tier 2, and Tier 3)

4 Global Producing Regions

4.1 Global Performic Acid Capacity, Output and Capacity Utilization, 2020-2031

4.2 Global Performic Acid Capacity by Region

4.3 Global Performic Acid Production & Forecast by Region, 2020 VS 2024 VS 2031

4.4 Global Performic Acid Production by Region, 2020-2031

4.5 Global Performic Acid Production Market Share & Forecast by Region, 2020-2031

5 Industry Chain Analysis

5.1 Performic Acid Industry Chain

5.2 Performic Acid Upstream Analysis

5.2.1 Performic Acid Core Raw Materials

5.2.2 Main Manufacturers of Performic Acid Core Raw Materials

5.3 Midstream Analysis

5.4 Downstream Analysis

5.5 Performic Acid Production Mode

5.6 Performic Acid Procurement Model

5.7 Performic Acid Industry Sales Model and Sales Channels

5.7.1 Performic Acid Sales Model

5.7.2 Performic Acid Typical Distributors

6 Sights by Product Type

6.1 Performic Acid Classification

6.1.1 Industrial Grade

6.1.2 Medical Grade

6.1.3 Food Grade

6.2 by Type, Global Performic Acid Consumption Value & CAGR, 2020 VS 2024 VS 2031

6.3 by Type, Global Performic Acid Consumption Value, 2020-2031

6.4 by Type, Global Performic Acid Sales Quantity, 2020-2031

6.5 by Type, Global Performic Acid Average Selling Price (ASP), 2020-2031

7 Sights by Application

7.1 Performic Acid Segment by Application

7.1.1 Food Industry

7.1.2 Medical industry

7.1.3 Water treatment

7.1.4 Paper and Pulp

7.1.5 Others

7.2 by Application, Global Performic Acid Consumption Value & CAGR, 2020 VS 2024 VS 2031

7.3 by Application, Global Performic Acid Consumption Value, 2020-2031

7.4 by Application, Global Performic Acid Sales Quantity, 2020-2031

7.5 by Application, Global Performic Acid Price, 2020-2031

8 Sales Sights by Region

8.1 By Region, Global Performic Acid Consumption Value, 2020 VS 2024 VS 2031

8.2 By Region, Global Performic Acid Consumption Value, 2020-2031

8.3 By Region, Global Performic Acid Sales Quantity, 2020-2031

8.4 North America

8.4.1 North America Performic Acid Market Size & Forecasts, 2020-2031

8.4.2 By Country, North America Performic Acid Market Size Market Share

8.5 Europe

8.5.1 Europe Performic Acid Market Size & Forecasts, 2020-2031

8.5.2 By Country, Europe Performic Acid Market Size Market Share

8.6 Asia Pacific

8.6.1 Asia Pacific Performic Acid Market Size & Forecasts, 2020-2031

8.6.2 By Country/Region, Asia Pacific Performic Acid Market Size Market Share

8.7 South America

8.7.1 South America Performic Acid Market Size & Forecasts, 2020-2031

8.7.2 By Country, South America Performic Acid Market Size Market Share

8.8 Middle East & Africa

9 Sales Sights by Country Level

9.1 By Country, Global Performic Acid Market Size & CAGR, 2020 VS 2024 VS 2031

9.2 By Country, Global Performic Acid Consumption Value, 2020-2031

9.3 By Country, Global Performic Acid Sales Quantity, 2020-2031

9.4 United States

9.4.1 United States Performic Acid Market Size, 2020-2031

9.4.2 by Type, United States Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.4.3 by Application, United States Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.5 Europe

9.5.1 Europe Performic Acid Market Size, 2020-2031

9.5.2 by Type, Europe Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.5.3 by Application, Europe Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.6 China

9.6.1 China Performic Acid Market Size, 2020-2031

9.6.2 by Type, China Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.6.3 by Application, China Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.7 Japan

9.7.1 Japan Performic Acid Market Size, 2020-2031

9.7.2 by Type, Japan Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.7.3 by Application, Japan Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.8 South Korea

9.8.1 South Korea Performic Acid Market Size, 2020-2031

9.8.2 by Type, South Korea Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.8.3 by Application, South Korea Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.9 Southeast Asia

9.9.1 Southeast Asia Performic Acid Market Size, 2020-2031

9.9.2 by Type, Southeast Asia Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.9.3 by Application, Southeast Asia Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.10 India

9.10.1 India Performic Acid Market Size, 2020-2031

9.10.2 by Type, India Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.10.3 by Application, India Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.11 Middle East & Africa

9.11.1 Middle East & Africa Performic Acid Market Size, 2020-2031

9.11.2 by Type, Middle East & Africa Performic Acid Sales Quantity Market Share, 2024 VS 2031

9.11.3 by Application, Middle East & Africa Performic Acid Sales Quantity Market Share, 2024 VS 2031

10 Manufacturers Profile

10.1 Hangzhou Dayangchem

10.1.1 Hangzhou Dayangchem Company Information, Head Office, Market Area, and Industry Position

10.1.2 Hangzhou Dayangchem Performic Acid Models, Specifications, and Application

10.1.3 Hangzhou Dayangchem Performic Acid Sales Quantity, Revenue, Price and Gross Margin, 2020-2025

10.1.4 Hangzhou Dayangchem Company Profile and Main Business

10.1.5 Hangzhou Dayangchem Recent Developments

10.2 Sagachem

10.2.1 Sagachem Company Information, Head Office, Market Area, and Industry Position

10.2.2 Sagachem Performic Acid Models, Specifications, and Application

10.2.3 Sagachem Performic Acid Sales Quantity, Revenue, Price and Gross Margin, 2020-2025

10.2.4 Sagachem Company Profile and Main Business

10.2.5 Sagachem Recent Developments

10.3 Parchem

10.3.1 Parchem Company Information, Head Office, Market Area, and Industry Position

10.3.2 Parchem Performic Acid Models, Specifications, and Application

10.3.3 Parchem Performic Acid Sales Quantity, Revenue, Price and Gross Margin, 2020-2025

10.3.4 Parchem Company Profile and Main Business

10.3.5 Parchem Recent Developments

10.4 Akos consulting and solution

10.4.1 Akos consulting and solution Company Information, Head Office, Market Area, and Industry Position

10.4.2 Akos consulting and solution Performic Acid Models, Specifications, and Application

10.4.3 Akos consulting and solution Performic Acid Sales Quantity, Revenue, Price and Gross Margin, 2020-2025

10.4.4 Akos consulting and solution Company Profile and Main Business

10.4.5 Akos consulting and solution Recent Developments

10.5 Henan Bon industrial co. ltd.

10.5.1 Henan Bon industrial co. ltd. Company Information, Head Office, Market Area, and Industry Position

10.5.2 Henan Bon industrial co. ltd. Performic Acid Models, Specifications, and Application

10.5.3 Henan Bon industrial co. ltd. Performic Acid Sales Quantity, Revenue, Price and Gross Margin, 2020-2025

10.5.4 Henan Bon industrial co. ltd. Company Profile and Main Business

10.5.5 Henan Bon industrial co. ltd. Recent Developments

10.6 Evonik Industries

10.6.1 Evonik Industries Company Information, Head Office, Market Area, and Industry Position

10.6.2 Evonik Industries Performic Acid Models, Specifications, and Application

10.6.3 Evonik Industries Performic Acid Sales Quantity, Revenue, Price and Gross Margin, 2020-2025

10.6.4 Evonik Industries Company Profile and Main Business

10.6.5 Evonik Industries Recent Developments

11 Conclusion

12 Appendix

12.1 Research Methodology

12.2 Data Source

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Market Estimation Model

12.4 Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Performic Acid Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the Performic Acid Market trending toward high growth trajectories?
A dynamic process in the Performic Acid Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like Hangzhou Dayangchem, Sagachem, Parchem, Akos consulting and solution, Henan Bon industrial co. ltd., Evonik Industries.
How competitive is the Performic Acid Market going to be?
The strategic moves of the Performic Acid Market players such as Hangzhou Dayangchem, Sagachem, Parchem, Akos consulting and solution, Henan Bon industrial co. ltd., Evonik Industries, and others clearly highlight consumer-centric strategies that use technology to improve customer experience.
What are the major applications for Performic Acid?
Performic Acid has a wide range of applications, including and others.
What years are taken into account in the Performic Acid Market study?
The Performic Acid Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
What trends may have an impact on the Performic Acid Market's growth?
A handful of disruptive trends, nevertheless, will have a contradictory and significant impact on the development of the Performic Acid Market as well as its distribution among its players
What is the CAGR at which the Performic Acid Market can expand?
During the forecast years, the Performic Acid Market can thrive with a robust CAGR.