Formic acid produced by Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) is a versatile and widely used industrial chemical, available in India and exported globally. Its price fluctuates based on purity, quantity, packaging, and market demand. In 2024, GNFC formic acid remains a preferred choice among leather, textile, rubber, and chemical manufacturers due to its consistent quality and competitive pricing. Understanding how GNFC prices its formic acid can help business buyers make better procurement decisions and forecast their costs accurately.
About GNFC and Their Formic Acid Production
GNFC, founded in 1976 and based in Bharuch, Gujarat, is a leading Indian manufacturer of fertilizers and industrial chemicals, including formic acid, methanol, nitric acid, and acetic acid.
GNFC formic acid comes in standard industrial-grade concentration of around 85%. It is packaged in 35 kg HDPE carboys or in bulk stainless-steel tankers, ensuring safe storage and transport.
Current Price Range (2024)
Current GNFC formic acid prices in India typically range between â¹38 to â¹65 per kg, depending on purity, dealer margins, order size, and location.
- Exporters in Vadodara list prices between â¹38 and â¹65/kg for 85% industrial grade with minimum order quantity around 25 kg.
- Traders in Gujarat (e.g., Umiya Trading Co) offer 85% purity at around â¹64/kg with 200 kg MOQ.
- Other suppliers across India list GNFC 85% formic acid between â¹60â¹65/kg for bulk orders (⥠500 kg).
- Premium technical or biotechgrade variants over 99% purity are priced at â¹56â¹60/kg.
Prices may include delivery within certain regions but often exclude GST and logistics. Bulk purchases (⥠500 kg) typically reduce perkg cost by â¹510.
Factors Affecting Price
- Purity: Standard 85% grade is more affordable; premium ⥠99% technical or biotech grade costs more.
- Order size: Larger quantities unlock better pricing.
- Packaging: Bulk tankers offer lower perkg rates than 35 kg packs.
- Transport & location: Proximity to Gujarat production hub lowers freight cost.
- Market demand & supply: International demand, feedstock prices, and currency exchange rates cause variation.
Applications of GNFC Formic Acid
Formic acid’s industrial versatility drives price stability and demand. Common applications include:
- Leather tanning and pickling
- Textile dyeing and finishing
- Rubber latex coagulation
- Preservative in silage and animal feed
- Intermediate in pharmaceutical, pesticide, and polymer production
- Industrial cleaning, solvent use, and pH control
These demand sectors make GNFC formic acid crucial to Indian manufacturing.
Purity Grades Explained
Understanding formic acid grades helps match price with application:
- Industrial Grade (85%): Most cost-effective and widely used in leather, textile, rubber, and silage applications.
- Technical/ Biotech Grade (â99%): Required where impurities must be low, such as in pharmaceuticals, cosmetics, or lab use; priced at â¹56â¹60/kg.
The 85% grade’s density (~1.22 g/cm³ at 25 °C) and boiling point (â107 °C) are suitable for standard industrial use.
Comparing GNFC With Other Formic Acid Sources
Global formic acid, mostly from behemoths like BASF and Eastman, is priced around â¬650/t (~â¹60/kg) in Europe and up to $1,250/t (~â¹105/kg) in the US (2010 data).
Advantages of Choosing GNFC
- Large-scale, consistent production capacity (~20,000 MT/year).
- Competitive pricing across India.
- Multiple packaging options and local distribution hubs (Mumbai, Vadodara, Surat, Ahmedabad).
- Strong quality control at manufacturer and distributor level.
How to Source GNFC Formic Acid
Buyers can procure GNFC formic acid via several channels:
- Authorized distributors like Prakash Chemicals Agencies, SGS Chemicals, Umiya Trading, etc.).
- Online business directories and B2B platforms (TradeIndia, ExportersIndia).
- Direct inquiries to GNFC or their (n)Code Solutions parent site for bulk purchases.
Buyers should confirm certification, batch documentation, HS codes, delivery terms, and local shelf life.
Future Price Outlook
GNFC formic acid pricing depends on:
- Methanol feedstock cost (GNFC uses methyl formate process).
- Global demand and Indian industrial growth.
- Logistics and energy prices.
- Regulatory factors like environmental norms.
Given its central role in the chemical ecosystem, GNFC is expected to maintain stable pricing, with adjustments for feedstock changes and inflation.
GNFC formic acid remains a reliable and affordable option for Indian industries. Standard 85% grade is priced between â¹38â¹65/kg, while premium â¥99% grades reach â¹56â¹60/kg. Bulk orders and proximity to production hubs help lower costs. Buyers in leather, textile, rubber, feed, and chemical manufacturing benefit from GNFC’s scale and quality. Comparing favorably to global suppliers, GNFC continues to be a key player in formic acid supply within India and overseas. Monitoring feedstock trends and regional market shifts ensures buyers make informed decisions with long-term procurement strategies.
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