Global Formic Acid Market - Industry Analysis to 2014-2020
Formic acid, also known as methanoic acid is a vital intermediate in chemical synthesis, occurring naturally, mostly in ant venom. It belongs to the group of carboxylic acids having a colorless appearance and a highly pungent odor, and is soluble in various alcohols, acetones and ethers. The applications majorly require formic acid in concentrations of 99%, 94%, 90%, and 85%., with 85% being the industry standard acid. A large amount of formic acid is produced as a byproduct in the...
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