The global formic acid market is set to estimate a valuation of US$ 1.8 billion in 2023 and it is anticipated to grow at a CAGR of 4.6% to reach US$ 2.8 billion by the end of 2033.
Formic acid, a simple carboxylic acid with the chemical formula HCOOH, has emerged as a pivotal player in various industries due to its versatile applications. This organic acid, predominantly produced from methanol,...
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