Formic Acid Price Trend
The role of formic acid as a preservative and antibacterial agent in animal feed is stimulating significant demand, as the global push for improved livestock health and productivity gains momentum. This application is crucial in poultry and cattle farming, where formic acid is used to preserve silage and enhance the feed's nutritional value, driving its market demand. Additionally, the increasing adoption of formic acid in the leather industry for tanning processes marks another critical driver. Its ability to ensure efficient collagen fiber penetration without damaging the leather makes it indispensable, contributing to its sustained market growth.
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