Top Suppliers and Manufacturers of Formic Acid in the World 🌎

Formic acid, also known as methanoic acid, is a colorless liquid primarily used in leather production, preservation of silage, and in various industrial processes as a preservative and antibacterial agent. It plays a crucial role in agriculture, textiles, rubber production, and even in mining. As of today, the global market for formic acid is thriving with major suppliers spread across different regions. Key suppliers are not only restricted to developed nations but also include significant contributions from emerging markets in Asia, Europe, and North America. With the increasing demand for eco-friendly and sustainable products, the production and supply infrastructure for formic acid continues to expand, pushing manufacturers to enhance scalability and quality.

BASF SE

Year Founded
1865
NA
Number of Employees
112000
NA
Revenue
68900000000
NA

BASF SE is a leading chemical manufacturer headquartered in Ludwigshafen, Germany. Known as the largest chemical producer in the world, BASF was established in 1865 and has a significant presence in the global chemical industry, exporting products to numerous regions including Europe, North America, and Asia-Pacific.

BASF offers an extensive portfolio of products, which includes chemicals, plastics, performance products, agricultural solutions, and oil and gas. Their commitment to sustainability is evident in their production processes and ongoing initiatives like the ChemCycling project, which transforms plastic waste into new chemical products.

Specifically relating to formic acid, BASF is a notable supplier in this field. Formic acid is utilized in various industries including agriculture, leather processing, textile industries, and as a preservative in animal feed. BASF’s wide-ranging expertise and innovative technologies ensure high-quality and sustainable solutions in the production of formic acid, adhering to the highest industry standards.

BASF’s operations are organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. This robust structure supports their comprehensive market reach and adaptability to diverse industry needs.

With approximately 112,000 employees globally, BASF remains a major player in the chemical sector. The company reported a revenue of €68.9 billion in 2023, underscoring its financial stability and market influence. BASF continues to invest in research and development, emphasizing innovation and technological advancement to meet present and future societal needs.

BASF's long-standing history of over 150 years highlights its resilience and capacity to adapt to market dynamics, making it a reliable partner in the global chemicals market.

Mudanjiang Fengda Chemicals

Year Founded
1995
NA
Number of Employees
51
NA
Revenue
NA

Mudanjiang Fengda Chemicals, established in 1995, is a leading player in the chemical industry based in Mudanjiang, Heilongjiang, China. Over the years, the company has grown to become one of the largest producers and exporters of Oxalic Acid, Formic Acid, Sodium Formate, and Calcium Formate. These chemicals are integral to various industries, such as textiles, agriculture, pharmaceuticals, and water treatment.

The company holds multiple international certifications, including ISO9001:2018 Quality Management System Certification and FULL REACH registration for products exported to the EU. This commitment to quality has helped Mudanjiang Fengda establish a robust presence in global markets, exporting its products to over 100 countries across Europe, America, Asia, and Africa.

Formic Acid (CAS: 64-18-6), a key product in their lineup, is produced with a focus on superior quality and competitive pricing. This dedication ensures that clients receive products that meet stringent international standards. The company offers various other chemicals used in textile printing, dyeing, construction, mining, and oil drilling, further showcasing their versatility and expertise in the chemical sector.

Located in the scenic city of Mudanjiang, known for its natural beauty and tourist attractions like Jingbo Lake and the Siberian tiger conservation park, the company benefits from its strategic geographic position. This location facilitates efficient logistics and distribution channels, enhancing their ability to serve a diverse customer base.

With nearly 30 years of experience, Mudanjiang Fengda Chemicals prides itself on innovation and customer satisfaction. The company strives for sustainable growth, underpinned by a business philosophy of integrity, diligence, and mutual benefit. These principles have enabled them to build long-term, stable relationships with partners worldwide, positioning them as a trusted supplier in the chemical industry.

Shandong Feicheng Acid Chemicals

Year Founded
1994
NA
Number of Employees
NA
Revenue
NA

Shandong Feicheng Acid Chemicals is a significant player in the chemical industry, renowned for its specialization in the production of formic acid and its derivatives. Established in 1994 and based in Feicheng, Shandong Province, China, the company has swiftly ascended to become one of the top 500 chemical industry enterprises in China. This prominence is underpinned by a strong commitment to innovation, evidenced by its 'Postdoctoral Research Station' and a provincial 'New Product Exploiting Center'.

With a registered capital of RMB 52.2 million, Shandong Feicheng Acid Chemicals stands out as the largest producer of formic acid outside Europe, boasting an impressive production capacity of 100,000 metric tonnes per annum. This represents over 10% of the global capacity, highlighting its critical role in the market. Formic acid, known for its application as a preservative and antibacterial agent in livestock feed, as well as in cleaning and descaling operations, remains the company's flagship product.

The company’s product portfolio doesn't end with formic acid; it also includes significant quantities of methanol, methylamine, calcium formate, oxalic acid, potassium formate, and ammonia. Notably, their calcium formate is a key additive in tile adhesives and concrete, improving water stability and pliability. Furthermore, their potassium formate serves as a more eco-friendly deicing agent, reducing environmental impacts while effectively melting ice and snow.

Shandong Feicheng Acid Chemicals has established a robust export network, catering to international markets across Asia, Europe, and North America. Their adherence to rigorous quality control standards, evidenced by certifications such as ISO9001 and EU FAMI-QS, ensures their products meet global standards and customer requirements.

Maintaining a balance between innovation and sustainability, the company continually invests in research and development. This dedication has fortified its reputation as a reliable supplier and an innovator in the chemical sector, laying a solid foundation for future growth and continued leadership in the industry.

LUXI Group

Year Founded
1997
NA
Number of Employees
1000
NA
Revenue
1904
NA

LUXI Group is a prominent player in the chemical manufacturing industry, known for its extensive range of high-quality chemical products, including Formic Acid. Established in 1997, the company has built a robust reputation for its innovative and reliable offerings.

Headquartered in Liaocheng, Shandong Province, China, LUXI Group operates expansive manufacturing facilities that cover approximately 6,993,000 m². With a substantial employee base of over 1,000 individuals, the company underscores its status as a significant employer in the region.

The company specializes in a diverse array of chemical products such as N,N-Dimethylformamide, Polycarbonate, Caprolactam, Methanol, Isobutyraldehyde, and Formic Acid. These products serve various industries, indicating LUXI Group's extensive capabilities and its commitment to innovation.

In terms of financial performance, LUXI Group reported a revenue of CNY 1,904.3 million in 2023, showcasing the strong demand for its products. The company's global presence and export markets highlight its commitment to international trade, making it a reliable supplier worldwide.

With its significant track record and strategic focus on quality and innovation, LUXI Group continues to maintain its position as a leader in the chemical industry. The company's unique ability to offer inspection-free products like urea, compound fertilizers, and diammonium phosphate further cements its reputation for excellence in manufacturing and distribution.

Perstorp

Year Founded
1881
NA
Number of Employees
1500
NA
Revenue
15300000000
NA

Perstorp, founded in 1881 in Sweden, is a leading supplier of specialty chemicals known for its innovative and sustainable solutions. As a pioneer in the chemical industry with over 140 years of expertise, Perstorp has developed a diverse product portfolio that includes top products such as polyols, neopentyl glycol, trimethylolpropane, formulations, and additives. These products are essential in various sectors, including automotive, coatings, engineering plastics, and pharmaceuticals.

Although not explicitly mentioned in the provided summaries, Perstorp's involvement in the specialty chemicals industry suggests they could provide formic acid, widely used in agriculture, leather production, and as a preservative.

Operating globally, Perstorp exports to major markets across Europe, North America, and Asia, leveraging its manufacturing facilities strategically located in these regions. Their facilities ensure the timely and efficient delivery of high-quality products to a global customer base.

Headquartered in Perstorp, Sweden, the company has a strong Nordic heritage and focuses on sustainability and safety in its production processes. Perstorp is committed to reducing its environmental impact and promoting a circular economy through continuous innovation and adhering to the highest environmental standards.

Perstorp is a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad, Malaysia's leading integrated chemicals provider. In 2021, Perstorp reported revenue of approximately 13.5 billion SEK, supported by around 1,430 employees. By 2022, their revenue had grown to 15.3 billion SEK, further establishing their strong market presence with a workforce of 1,500 employees.

Taminco Corporation

Year Founded
2003
NA
Number of Employees
800
NA
Revenue
2800000000
NA

Taminco Corporation, now a subsidiary of Eastman Chemical Company, is a prominent global specialty chemical manufacturer. Specializing in the production and distribution of amines, particularly alkylamines and their derivatives, Taminco caters to various industries including agriculture, water treatment, personal and home care, animal nutrition, and energy. Although not explicitly mentioned in the provided information, it is reasonable to infer that the company’s extensive chemical production capabilities could include the synthesis and supply of formic acid or related chemicals used in these sectors.

Founded in 2003 and headquartered in Ghent, Belgium, Taminco has expanded its global presence with additional sites in Allentown, PA, USA, Shanghai, China, and Merelbeke, Belgium. As of its acquisition by Eastman in 2014 for $2.8 billion, Taminco has become an integral part of Eastman’s extensive chemical portfolio, enhancing its capabilities and market reach.

Operating in 19 countries with a workforce of approximately 800 employees, Taminco is well-positioned to serve diverse markets across North America, Europe, and Asia. The company’s seven strategically located production facilities allow it to meet the needs of its global clientele efficiently.

Taminco's focus on innovation and sustainability ensures that its products meet industry demands while adhering to environmental standards. Known for its performance chemicals, particularly amines and amine derivatives, Taminco’s product portfolio includes essential chemicals for applications in adhesives, coatings, agricultural chemicals, specialty solvents, and surfactants.

Taminco Corporation continues to innovate and adapt to meet customer needs, providing high-quality products and solutions worldwide. Despite some missing financial details, the company's robust market presence and specialization underscore its substantial role in the specialty chemicals sector.

Rashtriya Chemicals and Fertilizers

Year Founded
1978
NA
Number of Employees
2556
NA
Revenue
12812
NA

Rashtriya Chemicals and Fertilizers (RCF) is a leading manufacturer and supplier of a wide array of fertilizers and industrial chemicals in India. Established in 1978 and headquartered in Mumbai, RCF operates state-of-the-art manufacturing facilities at Trombay, Chembur, Mumbai, and Thal, Alibaug. The company focuses on delivering high-quality products that enhance agricultural productivity while promoting sustainable farming practices.

Among its flagship products are Urea, Ammonium Sulfate, and various Complex fertilizers (NPK). RCF also produces important industrial chemicals like Methanol, Nitric Acid, and Sulfuric Acid. Though there is no direct mention of formic acid production by RCF in the gathered information, the company’s extensive portfolio of chemicals indicates a broad capability in industrial chemical manufacturing.

RCF's presence extends beyond India, with substantial exports to regions such as Africa and the Middle East. This international reach underscores their commitment to improving global agricultural productivity. The company is majority-owned (75%) by the Government of India and operates under the administrative control of the Ministry of Chemicals and Fertilizers.

Committed to excellence and sustainability, RCF has various ISO certifications, including ISO 9001 and ISO 14001, reflecting their stringent quality and environmental standards. The company also participates in initiatives like 'Atmanirbhar Bharat Abhiyan', emphasizing self-reliance and sustainable growth. RCF’s dedication to research and development has spearheaded numerous advancements in fertilizer technology, ensuring they remain at the forefront of industry innovation.

Gujarat Narmada Valley Fertilizers & Chemicals

Year Founded
1976
NA
Number of Employees
4000
NA
Revenue
10227
NA

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is a highly esteemed entity in India's fertilizers and chemicals industry. Established in 1976 and located in Bharuch, Gujarat, GNFC was initiated as a joint effort between the Government of Gujarat and Gujarat State Fertilizers & Chemicals Ltd. Over the decades, it has risen as a marquee name in agricultural and industrial chemical supply.

GNFC specializes in an extensive array of products. Its primary offerings include urea, neem-coated urea, di-ammonium phosphate (DAP), single super phosphate (SSP), and nitrophosphate fertilizers. Additionally, GNFC caters to the industrial sector with a suite of chemical products like formic acid, methanol, formic acid, nitric acid, and acetic acid. The revenue split reflects a strong focus on the chemicals segment contributing 70% of the total earnings, with fertilizers making up the remaining 29%.

Beyond domestic markets, GNFC has established a solid presence in international markets including regions like Africa, Southeast Asia, and the Middle East. This global footprint aids in distributing high-quality agricultural and industrial chemicals worldwide, supporting agricultural productivity and growth wherever their products are employed.

GNFC’s commitment to innovation is also evident in its diversification into technology through its subsidiary, (n)Code Solutions, which has developed digital certification solutions like the digital Aadhaar card for the Indian government. This move underscores GNFC’s adaptive strategy and forward-looking approach.

With a workforce of approximately 4,000 employees, GNFC not only prioritizes quality and innovation but also ensures sustainable manufacturing processes, adhering to environmental guidelines. This combination of tradition and modernity has allowed GNFC to maintain robust growth, cementing its status as a reputable supplier of fertilizers and chemicals both locally and globally.

Huanghua Pengfa Chemical

Year Founded
1998
NA
Number of Employees
NA
Revenue
NA

Huanghua Pengfa Chemical, established in 1998, is a leading manufacturer in the chemical industry with a specialization in producing various chemical products. Among their top products, formic acid stands out as a significant offering, widely used in numerous industrial applications. The company also produces other essential chemicals like glacial acetic acid, dyeing acetic acid, calcium formate, and sodium formate.

Located in the Donghe Industrial Zone, Guanzhuang Town, Huanghua City, Hebei Province, China, Huanghua Pengfa Chemical benefits from a strategic position that facilitates efficient distribution and logistics. This location supports their extensive reach in both domestic and international markets, exporting to regions such as Africa, North America, Europe, and Asia.

The company’s relentless commitment to quality is evident through its acquisition of various international certifications, including ISO9001:2008, SGS, and REACH. These certifications assure that their products meet stringent quality and safety standards, making Huanghua Pengfa a trusted partner in the chemical sector.

Furthermore, Huanghua Pengfa Chemical has a rich history of innovation and customer satisfaction. Over the years, they have collaborated with over 500 top global corporations, constantly adapting to the evolving needs of the chemical industry. Their state-of-the-art manufacturing processes ensure they remain competitive on a global scale, while their commitment to environmental responsibility highlights their focus on sustainable practices.

As the market continues to evolve, Huanghua Pengfa Chemical is dedicated to expanding its product range and enhancing its technological capabilities, ensuring they remain at the forefront of the chemical industry. Their dedication to quality and innovation continues to solidify their status as a reliable supplier of formic acid and other essential chemicals.

KANTO CHEMICAL CO., INC.

Year Founded
1944
NA
Number of Employees
100
NA
Revenue
NA
Kanto Chemical Co., Inc. is a leading supplier in the chemical manufacturing industry, known for its dedication to innovation, research, and quality. Established in 1944 in Tokyo, Japan, the company has grown to become a prominent player in the global market, delivering products that meet stringent international standards. Specializing in high-performance reagents and chemicals, Kanto offers an extensive inventory of over 55,000 products tailored for various industrial applications.

Kanto Chemical has a rich history marked by significant milestones. The company's diverse product line includes analytical reagents, organic synthesis solutions, electronic chemicals, life science products, and high purity inorganic metal compounds. Among its top offerings are high purity acids and solvents, reference materials for rigorous analyses, and microbial inspection products for food and environmental safety. While there is no specific mention of formic acid as a top product, Kanto’s specialization in high purity chemicals suggests they may cover a wide array of acids that can include formic acid.

With a global presence, Kanto Chemical exports to markets in East Asia, North America, South Asia, and Europe. Notably, the company serves the semiconductor industry, boasting a market share exceeding 50% in Japan. Their facilities, including the Portland Manufacturing Facility established in 1996, are equipped with advanced technology like Class 100 cleanroom environments and analytical laboratories capable of ppt-level metals analysis.

The company prides itself on maintaining ISO 9001:2015 and ISO 14001 certifications, reflecting its commitment to quality management and environmental responsibility. Kanto’s dedication to purity and customer satisfaction is evident in their robust safety program and extensive research and development efforts, enabling continuous innovation in their product offerings.

Employing between 100 and 250 professionals, Kanto Chemical continues to set standards in the chemical industry, contributing positively through superior products and services tailored to meet evolving market needs globally.

Eastman Chemical Co.

Year Founded
1920
NA
Number of Employees
14000
NA
Revenue
9210000000
NA

Founded in 1920, Eastman Chemical Co. is a globally recognized specialty materials company headquartered in Kingsport, Tennessee. The company is renowned for its extensive portfolio of products, including chemicals, plastics, fibers, and advanced materials. Utilizing cutting-edge technology and deep customer engagement, Eastman delivers innovative and sustainable solutions that cater to various industries, such as transportation, building and construction, and consumables.

Eastman Chemical Co. has a strong global presence, operating in over 100 countries worldwide. The company’s dedication to sustainability is evident through its circular economy approach, striving to minimize environmental impact while maximizing product value. Eastman has made significant contributions to the specialty chemicals sector, including the production of formic acid, which is used in numerous applications such as leather tanning, feed preservation, and chemical manufacturing.

The company’s commitment to innovation and excellence is supported by its workforce of approximately 14,000 employees globally. Eastman’s main operating segments include Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers. Their top products feature coatings, adhesives, cellulose acetates, and specialty plastics, including notable products like copolyester resins and cyanoacrylates, known as “super glues”.

In addition to its comprehensive product offerings, Eastman is actively involved in export markets across the Americas, Europe, and Asia. This global reach enables the company to meet diverse customer needs and adapt to local market demands. In 2023, Eastman generated a revenue of approximately $9.21 billion, reflecting its strong market presence and operational excellence accumulated over more than a century of innovation.

Junsei Chemical

Year Founded
1948
NA
Number of Employees
171
NA
Revenue
NA

Junsei Chemical is a leading supplier in the chemical industry, renowned for its extensive range of chemical products. Established in 1948 and headquartered in Tokyo, Japan, Junsei Chemical has built a strong reputation for quality and innovation over the years.

The company specializes in providing high-quality reagents for various analytical processes such as HPLC, AAS, and more. Their product portfolio includes crucial chemicals like Sodium chloride solution, concentrated glycerin, calcium chloride, ascorbic acid, and nitric acid. Additionally, Junsei Chemical produces tailored solutions for food additives, pharmaceuticals, and pathological examinations.

Moreover, Junsei Chemical is known for adhering to stringent standards such as the Japanese Pharmacopoeia. Both their Saitama and Ibaraki plants comply with GMP standards, and the company holds ISO 4001 and ISO 9001 certifications, reflecting their commitment to quality and safety.

Although detailed information about their involvement with Formic Acid is not explicitly stated, it’s reasonable to infer that given their vast array of chemical products and capabilities, Formic Acid could be part of their extensive catalog. This could be particularly useful for clients in the pharmaceutical and industrial sectors.

Junsei Chemical exports its products globally, including key markets in North America, Europe, and parts of Asia. Their eco-friendly chemical technology underscores their dedication to sustainable practices.

The company prides itself on excellent customer service, efficient product delivery, and maintaining high standards without capital ties to major chemistry and pharmaceutical manufacturers, further solidifying its position as a trusted partner in the chemical supply chain.

Huaqiang Chemical

Year Founded
1973
NA
Number of Employees
5000
NA
Revenue
6000000000
NA

Huaqiang Chemical is a leading role in the chemical and fertilizer industry with over 50 years of expertise. Established in 1973 in the Hubei province of China, the company boasts an impressive portfolio including compound fertilizers, chemical raw materials, and notable products such as sodium nitrate, melamine, NPK fertilizers, urea, and organic fertilizers. Their extensive product range also includes formic acid, which is widely used in various industrial applications including agriculture, leather production, and as a preservative.

With fixed assets totaling 5 billion RMB and a workforce of approximately 5,000 employees, Huaqiang has a significant production capacity. The company recently reported an annual output of 1.5 million tonnes of high-concentration NPK compound fertilizers and 1 million tonnes of urea, among other products. Their dedication to quality and technological advancement has earned them a place among China’s top 20 nitrogen fertilizer enterprises and the top 500 chemical enterprises.

Huaqiang Chemical exports its products to over 30 countries worldwide, including key markets in Asia and Europe. This global outreach, along with strategic alliances such as with the Shanxi Jincheng Coal Industry Group, has contributed to the company achieving a revenue exceeding 6 billion Yuan as of 2019.

Huaqiang’s commitment to continuous innovation and customer satisfaction ensures their products meet rigorous quality standards. They leverage a robust industrial base and a comprehensive supply chain in China, making it an ideal hub for their extensive export activities, thereby reinforcing their reputation as a reliable supplier in the global chemical sector.

Merck KGaA

Year Founded
1668
NA
Number of Employees
68500
NA
Revenue
23000000000
NA

Merck KGaA, based in Darmstadt, Germany, is one of the world's oldest and most prominent science and technology companies, with a history dating back to 1668. Specializing in healthcare, life sciences, and electronics, Merck KGaA has built a reputation for delivering innovative solutions and high-quality products. These include pharmaceuticals, liquid crystals, biopharmaceuticals, and performance chemicals, with a notable mention of their cutting-edge MPLIPLEX® MAP kits for multiplex biomarker analysis.

The company's extensive export markets span globally, reaching regions in North America, Europe, Asia, Africa, and Oceania. Merck KGaA's strong international presence enables it to cater to diverse market needs and enhance its influence in the industry.

In recent years, Merck KGaA reported a revenue of €23 billion in 2022, indicating robust financial health and continued strategic growth. The company employs approximately 68,500 individuals globally, reflecting its expansive operations and commitment to advancing science and technology.

Among its various products, Merck KGaA also plays a critical role in the production and supply of formic acid, which is widely used in pharmaceuticals, chemicals, and industrial applications. This makes them a key player in the formic acid market, known for their high standards in production and sustainability initiatives.

Merck KGaA’s commitment to research and development is evident in its major R&D centers located in Darmstadt, Boston, Tokyo, and Beijing. With a firm focus on innovation and sustainable growth, Merck KGaA continues to be a trusted partner in various industries, dedicated to improving the quality of life through scientific advancements.

Feicheng Acid Chemicals

Year Founded
1994
NA
Number of Employees
NA
Revenue
NA

Feicheng Acid Chemicals, founded in 1994, is a leading chemical company based in Feicheng, Shandong Province, China. With a registered capital of RMB 52.2 million, the company has firmly established itself as one of China’s top 500 chemical enterprises. The strategic location at the foot of Mountain Tai offers an excellent investment environment and convenient transportation options for efficient production and distribution.

Feicheng Acid Chemicals specializes in the production of high-quality chemical products, among which Formic Acid is a standout. As the largest producer of Formic Acid outside Europe, Feicheng boasts an impressive production capacity of 100,000 metric tonnes per annum, accounting for over 10% of the global production capacity. Their Formic Acid is recognized for its superior quality, marketed under the brand 'Chun Wang', earning accolades such as 'Shandong Famous Brand' and 'High-tech Quality Product'. Other significant products include Calcium Formate, Potassium Formate, and Methanol.

The company's commitment to innovation and quality is highlighted by the establishment of a national-class Postdoctoral Research Station and a provincial New Product Exploiting Center. These facilities enhance Feicheng’s production capabilities and ensure alignment with the latest advancements in chemical production technology.

Feicheng Acid Chemicals has a robust export market, with products distributed globally, benefiting multiple industries that require reliable chemical additives.

The company maintains a strong focus on environmental sustainability, with products designed to be environmentally compatible and avoiding issues such as eutrophication. This dedication to environmental responsibility ensures that Feicheng’s chemicals are suitable for use in sensitive applications.

Overall, Feicheng Acid Chemicals stands out for its extensive portfolio, commitment to quality, and enduring reputation in the global chemical industry. The company’s continuous growth and adaptation to market demands solidify its role as a significant player in the chemical sector.

Anhui Asahi Kasei Chemical

Year Founded
NA
Number of Employees
NA
Revenue
100000000
NA

Anhui Asahi Kasei Chemical is a leading player in the chemical industry, known for its diverse range of high-quality products. Based in Anhui Province, China, the company has a significant presence in several industries, including automotive, electronics, and healthcare. Notably, it specializes in producing and exporting chemical raw materials, including Formic Acid, which is a crucial component in various industrial processes.

The company's product lineup features a variety of essential chemicals such as Lithopone, Formic Acid, Zinc Oxide, Caustic Soda, Titanium Dioxide, and Sodium Hexametaphosphate. These products meet stringent industry standards, enhancing the performance and sustainability of customer applications.

Anhui Asahi Kasei Chemical has earned an ISO 9001:2000 certification, underscoring its commitment to quality and excellence. The company operates four subsidiary plants and enjoys tax exemption privileges, which contribute to its competitive pricing structure. The company has been recognized as a 'Good Faith Enterprise' by many customers, reflecting its reliability and credibility in the market.

With a robust marketing strategy and a focus on high product quality, Anhui Asahi Kasei has established stable and long-term partnerships in export markets across Asia, North America, and Europe. The strategic location in Hefei enhances its logistical capabilities, facilitating efficient distribution to its international clientele.

Anhui Asahi Kasei Chemical's history is closely tied to the Asahi Kasei Group, a multinational corporation founded in May 1931. This strong industry lineage has enabled the company to continually push the boundaries of chemical manufacturing, focusing on sustainability and technological advancement. Its commitment to research and development ensures the continual introduction of groundbreaking products, setting trends in the chemical industry.

Beijing Chemical Industry Group

Year Founded
1958
NA
Number of Employees
NA
Revenue
NA

Beijing Chemical Industry Group is a prominent player in the chemical industry based in Beijing, China. Established in 1958, the company has a rich history and has evolved through various phases of development, adapting to the changing demands of the chemical sector.

The company specializes in the production and distribution of a wide range of chemical products essential to several industries, including manufacturing, pharmaceuticals, automotive, textiles, construction, and agriculture. Among their top products are industrial lubricants, polymers, solvents, petrochemicals, specialty chemicals, and basic chemicals. While not explicitly mentioned, it is highly likely that their diverse portfolio includes critical compounds such as formic acid, used widely for various industrial applications.

Beijing Chemical Industry Group has a strong domestic market presence and has successfully penetrated international markets, exporting products to regions around the globe, including Asia, Europe, and North America. Their commitment to quality and innovation, combined with state-of-the-art manufacturing facilities, ensures they remain competitive in the fast-evolving chemical industry.

The company's dedication to research and development underscores its focus on innovation and sustainability in chemical production. They have invested significantly in enhancing product quality while adopting environmentally friendly practices, reflecting a strong commitment to corporate social responsibility.

Located in the heart of China's industrial sector, Beijing Chemical Industry Group benefits from advanced infrastructure and a skilled workforce. The company prides itself on its sustainable practices and continues to innovate and expand its product lines to meet the evolving demands of its global customer base.

Luxi Chemical Group

Year Founded
1997
NA
Number of Employees
1000
NA
Revenue
1904300000
NA

Luxi Chemical Group is a prominent player in the global chemical industry, based in Shandong, China. Known for its extensive range of products, the company specializes in the manufacture of both basic and specialty chemicals essential for various sectors. Among its top products are urea, melamine, polyurethane, methanol, and chemical fertilizers. Additionally, Luxi Chemical is one of the significant suppliers of Formic Acid, a versatile chemical widely used in agriculture, leather processing, and as a preservative.

Since its founding in 1997, Luxi Chemical has built a strong market presence, strategically positioning itself in global export markets such as North America, Europe, and Asia. This wide market reach underscores the company’s capacity to meet diverse international customer needs.

Located in the Shandong Province, Luxi's manufacturing facilities span an impressive 6993000 m² and employ over 1000 workers. The company integrates advanced technology into its operations to maximize efficiency and product quality. With its commitment to environmental sustainability and adherence to the highest industry standards, Luxi Chemical ensures that all its products comply with international regulations.

Luxi Chemical's focus on research and development has fueled continuous innovation, allowing it to expand its product offerings and maintain a competitive edge in the fast-evolving chemical market. The company's annual revenue stood at CNY 1904.3 million in 2023, reflecting its significant economic impact and industry leadership.

Polioli SpA

Year Founded
2000
NA
Number of Employees
72
NA
Revenue
NA

Polioli SpA, based in Vercelli, Italy, is a prominent name in the specialty chemicals industry, noted for its innovation and sustainable approach. The company has a rich history, evolving significantly since its inception, and maintains a strong commitment to producing high-quality polyols, crucial for applications in polyurethane foams, adhesives, and coatings. One of its noteworthy products is its advanced formulation of polyether polyols, which are highly regarded for their performance in varied industries.

In addition to polyols, Polioli SpA has made significant strides in the production of formic acid and other specialty chemicals. Their expertise in chemical engineering and innovation is underscored by holding multiple patents, which showcase their dedication to research and development. Key products in their portfolio also include polyester polyols and specialty polyols designed for flexible foams.

Polioli SpA's strategic location in Italy provides logistical advantages, aiding their extensive export operations. They serve various international markets, including Europe, Asia, and North America, ensuring their products meet diverse industrial needs. This global reach is supported by a robust distribution network and an emphasis on customer satisfaction.

In 2017, Polioli SpA was acquired by Perstorp, a Swedish multinational, to enhance its market positioning and capitalize on broader strategic objectives. Despite the subsequent closure of the Vercelli facility and associated challenges, Polioli's core competencies and product lines continue to thrive under new management, reflecting their adaptability and resilience in a competitive market.

Overall, Polioli SpA remains a key player in the specialty chemicals sector, known for its quality products and innovative solutions, particularly in the realm of polyols and formic acid.

Future Supply Dynamics

The future outlook for the supply of formic acid appears robust, driven by growing applications in diverse industries. Market dynamics suggest that advancements in technology, coupled with stringent environmental regulations, are encouraging manufacturers to innovate and adopt greener production methods. Regulatory frameworks, particularly in Europe and North America, are pushing for reduced carbon footprints, thereby influencing supply chains to become more sustainable. Additionally, the increasing need for high-purity formic acid in sophisticated applications hints at more specialized production processes. With sectors such as agriculture, pharmaceuticals, and textiles showing sustained demand, the formic acid market is likely to witness stable growth, marked by strategic partnerships and geographical expansion of key players.

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