Formic Acid Prices In India (Business Opportunities - Marketing & Sales)

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Formic Acid Prices In India


The Mumbai market has experienced an uptick in formic acid prices today. This increase is driven by a combination of tight supply conditions and rising demand from industries, particularly in the production of chemicals. On January 02, 2024, formic acid prices in Mumbai were quoted higher than Rs.62/Kg to Rs.64/Kg registering a hike of Rs 2/kg. Formic acid, a versatile organic acid, is widely produced and utilized across the globe. In India, key players such as Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) and Tata Chemicals dominate the market, producing formic acid for applications in textiles, leather, and agriculture. BASF India and Perstorp Chemicals also contribute significantly by catering to niche demands and distributing imported formic acid.

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Last Update : Jan 02, 2025 5:57 AM
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Item  Owner  : Indianpetrochem
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