Potassium Formate Market
Potassium Formate Market Analysis by Dry Solid/Non-Caking Powder and Brine Solutions for De-icing, Drilling Fluids, Heat Transfer, Agricultural Products, and Lubricants & Greases from 2023 to 2033
Analysis of Potassium Formate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Potassium Formate Market Outlook (2023 to 2033)
Global demand for potassium formate stands at a market valuation of US$ 725.5 million in 2023 and is forecasted to increase steadily at 4.9% CAGR over the next ten years. By 2033-end, the global potassium formate market is expected to attain US$ 1.17 billion in revenue.
Potassium formate is the potassium salt of formic acid that is derived from a technical process that involves a reaction between formic acid and potassium hydroxide or potassium carbonate. Potassium formate, in its pure form, is a crystalline white powder and is chemically represented as HCOOK or CHKO2.
Increasing construction activity and growing demand for frozen and packaged foods around the world is anticipated to benefit demand for potassium formate owing to its use as drilling fluid and preservative salts in construction and food industries respectively. Potassium formate is a non-toxic chemical and is sustainable in nature, which is projected to be a key factor influencing its demand in the long run.
Growing adoption of sustainable heat transfer liquids and implementation of stringent environment conservation mandates around the world are projected to create new opportunities for established as well as incoming potassium formate suppliers over the coming years. Rising exploration activity in the oil and gas industry will also influentially augment potassium formate shipments globally over the next ten years.
Growing spending on research and development of sustainable chemical alternatives, increasing use of potassium formate in animal feed manufacturing, growing demand for frozen foods, high demand for sustainable and efficient drilling fluids, and growing chemical manufacturing activity around the world are other aspects that influence potassium formate consumption across the forecast period.
Potassium formate brine solutions are biodegradable in nature and hence are gaining popularity in several industry verticals for various applications.
- Potassium formate brine solutions accounted for more than 65% of the global market share in 2022.
Growing use of potassium formate salts as a preservative in the food industry and an alternative to salt is also expected to benefit overall market growth through 2033.
On the contrary, volatility in raw material pricing and seasonal trends in potassium formate consumption are projected to be key restraining factors for market development in the future. The increasing availability of competitively priced alternatives is also a challenge that potassium formate companies will have to overcome going forward.
The tightening noose on the production of formic acid and other chemicals through stringent government norms will also create obstructions in the potassium formate market growth path during the forecast period. Furthermore, declining use of formic acid is also expected to hurt potassium formate demand through 2033.
Report Attributes |
Details |
|
Potassium Formate Market Size (2023) |
US$ 725.5 Million |
|
Projected Market Value (2033F) |
US$ 1.17 Billion |
|
Global Market Growth Rate (2023 to 2033) |
4.9% CAGR |
|
Market Share of North America (2022) |
34% |
|
Europe Market Share (2022) |
24% |
|
Key Companies Profiled |
|
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Which Key Prospect Will Determine the Future of Potassium Formate Consumption?
“Growing Demand for Eco-friendly Chemicals”
Climate change and global warming have become imminent threats to the environment and are no longer just warning signals to change the way humans live on the planet. Increasing use of eco-friendly and biodegradable drilling fluids in oil and gas explorations is anticipated to promulgate the demand for potassium formate solutions over the next ten years.
Surging demand for sustainable de-icing agents in multiple applications will also benefit potassium formate sales owing to its ability to lower the freezing point to melt snow or ice. Potassium formate brine solutions have a minimal environmental impact and becoming increasingly popular in the manufacturing of heat transfer fluids.
A detailed analytical account expanding your knowledge on market-influencing aspects such as supply chain management, local supply, safety regulations, and other aspects has been listed in this latest potassium formate market research report by Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
How Will Sales of Potassium Formate Fare in Japan?
“Presence of Robust Chemical Manufacturing Infrastructure to Offer Lucrative Business Scope”
Japan is home to some of the most prominent chemical companies in the world and has a robust chemical manufacturing industry that is projected to create a highly lucrative setting for potassium formate companies in the future.
Rising focus on sustainability, growing demand for eco-friendly chemicals, rapidly increasing industrialization, and the implementation of strict government mandates to reduce the environmental impact of hazardous chemicals are other key factors that are estimated to promote sales of potassium formate in Japan over the coming years.
Changing consumer preferences, growing consumption of frozen foods, and high investments in research and development of sustainable chemicals by prime chemical companies in Japan are other aspects that could determine the future of potassium formate shipments in the long run.
Why Should Potassium Formate Suppliers Invest in the United States?
“Surging Demand for Sustainable Materials in Heating & Cooling Applications”
The United States is projected to emerge as a highly remunerative market for potassium formate companies across the forecast period owing to rising demand for sustainable materials and chemicals. The aerospace and defense sectors are anticipated to have a major influence on potassium formate demand in the country over the coming years as they adopt sustainable de-icing agents.
High demand for frozen food, rising need for cold chain storage solutions, increasing adoption of sustainable refrigerants, and growing consumer preference for non-toxic and eco-friendly materials are other factors that are projected to favor the consumption of potassium formate in the United States going forward.
Increasing government spending on military and defense technology advancement is expected to open up new avenues of opportunity for potassium formate manufacturers in the future.
Which Key Trend Will Augment Potassium Formate Demand in European Countries?
“Increasing Focus on Sustainability to Bolster Potassium Formate Consumption”
Potassium formate is a non-toxic chemical and is being used in several industry verticals as it is sustainability-compliant. Implementation of strict regulations to reduce carbon footprint and growing focus on sustainability in European countries such as Germany, France, Italy, the United Kingdom, etc. are also projected to uplift potassium formate demand in the European region across the forecast period.
Surging use of potassium formate for de-icing in aerospace, municipal, roadways, and commercial sectors is a key aspect that is anticipated to benefit the overall market development in European countries over the next ten years. Growing consumer awareness regarding sustainability, rising demand for oil and gas explorations, and increasing chemical manufacturing activity are other prospects that could augment sales of potassium formate in the aforementioned countries in the future.
- Shipments of potassium formate in Europe accounted for nearly 24% share of the global market in 2022.
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Category-wise Insights
Where is Potassium Formate Abundantly Used?
“Potassium Formate Solutions Gaining Popularity as Drilling Fluids”
Based on application, the market for potassium formate is segmented into de-icing, drilling fluids, heat transfer fluids, anti-freeze, agricultural products, lubricants & greases, and others.
Potassium formate solutions are extensively utilized as drilling fluids in several industry verticals. Surging demand for new explorations in the oil and gas industry is a key prospect that is anticipated to augment the consumption of potassium formate solutions as drilling fluids over the coming years. The use of potassium formate in drilling fluids reduced the overall fluid maintenance costs and the monovalent nature of potassium formate does not form precipitates and does not interact with reservoir waters to cause damage.
Potassium formate solutions are also thermally stable, which makes them an attractive choice for drilling applications in different industry verticals. Increasing investments in improving the efficiency and performance characteristics of drilling fluids are also projected to promote demand for potassium formate and other chemical products going forward.
Competitive Landscape
Prime potassium formate manufacturers are acquiring new contracts and signing new agreements to fast-track the development and launch of novel potassium formate products over the coming years.
- In September 2022, OCOchem, a company developing novel electrochemical technologies, announced that had been awarded an extension of its US$ 1.1 million contract for the creation of a chemical process to manufacture a non-corrosive and chlorine-free deicer for the United States army equipment. The company has previously developed potassium formate deicer using clean resources and was expected to deploy the same technology for this contract as well.
Top-tier potassium formate companies are also eyeing mergers, acquisitions, and collaborations to expand their business scope and strengthen their share in the global marketplace going forward.
- Evonik, a leading German specialty chemicals manufacturer, acquired Porocel, a chemical company, for US$ 210 million in August 2020. This acquisition was done to accelerate Evonik’s catalyst business by using Porocel’s expertise and production facilities.
More insights about new developments by leading potassium formate vendors and how they alter future pricing trends and product standards have been extensively discussed in this Fact.MR research survey.
Know thy Competitors
Competitive landscape highlights only certain players
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Key Segments of Potassium Formate Industry Research
-
By Delivery Form :
- Dry Solid/Non-Caking Powder
- Brine Solutions
- <75%
- >75%
-
By Application :
- De-icing
- Drilling Fluids
- Heat Transfer Fluids
- Anti-freeze
- Agricultural Products
- Lubricants & Greases
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
1. Global Market - Executive Summary 1.1. Summary of Key Findings 1.2. Summary of Statistics 1.3. Mega Trend in Chemical Industry 1.4. Fact.MR Analysis and Recommendations 2. Global Market Overview 2.1. Market Introduction 2.2. Market Definition 2.3. Market Taxonomy 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Development Trends 4. Market Background 4.1. Global Chemical Industry Outlook 4.1.1. Chemical sales by region 4.1.2. Top 10 countries in the chemical market 4.2. Overview 4.2.1. Manufacturing process 4.3. Global Production Overview 4.3.1. Methods of production 4.3.2. Production by Regions* 4.3.2.1. North America 4.3.2.2. Europe 4.3.2.3. Asia Pacific 4.3.2.4. Rest of the World 4.4. Production by key countries* 4.4.1. China 4.4.2. USA 4.4.3. Norway 4.4.4. Others (per information available in public and private domains) 4.5. Global Oil & Gas Industry Overview and Outlook 4.5.1. Total Proved reserves of Crude Oil 4.5.2. Global Crude Oil production 4.5.2.1. By Region 4.5.2.2. By key countries 4.6. U.S. Historic & Current Oil & Gas production scenario 4.6.1. Rig count 4.7. Crude Oil Price Movements 4.7.1. WTI price movements 4.7.2. Brent price movements 4.8. Drilling and Completion Fluids Market Statistics and Overview 4.8.1. Water-based Muds 4.8.2. Oil-based Muds 4.8.3. Synthetic-based Muds 4.9. Regulatory Framework 4.10. Forecast Factors - Relevance & Impact 4.10.1. Global GDP outlook 4.10.2. Global Chemical industry outlook 4.10.3. Population growth estimates 4.11. Value Chain Analysis 4.11.1. List of Key Manufacturers 4.11.2. List of Distributors 4.11.3. List of End-users 4.11.4. Value added at each node 4.12. Market Dynamics 4.12.1. Drivers 4.12.2. Restraints 4.12.3. Opportunity Analysis 5. Global Market Demand Analysis 2018-2022 and Forecast, 2023-2033 5.1. Historical Market Volume (Tons) Analysis, 2018-2022 5.2. Current and Future Market Volume (Tons) Projections, 2023-2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis 6.2. Pricing Break-up 6.3. Global Average Pricing Analysis Benchmark 7. Global Market Demand (US$ Mn) Analysis 2018-2022 and Forecast, 2023-2033 7.1. Historical Market Value (US$ Mn) Analysis, 2018-2022 7.2. Current and Future Market Value (US$ Mn) Projections, 2023-2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Delivery Form 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) and Volume Analysis By Delivery Form, 2018-2022 8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Delivery Form, 2023 - 2033 8.3.1. Dry solid / Non-caking powder 8.3.2. Brine Solution 8.3.2.1. < 75% 8.3.2.2. > 75% 8.4. Market Attractiveness Analysis By Delivery Form 9. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2018-2022 9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2023 - 2033 9.3.1. De-icing 9.3.2. Drilling fluids 9.3.3. Heat transfer fluids 9.3.4. Anti-freeze 9.3.5. Agricultural products 9.3.6. Lubricants & greases 9.3.7. Others 9.4. Market Attractiveness Analysis By Application 10. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Region 10.1. Introduction 10.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2018-2022 10.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2023 - 2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. South Asia & Oceania 10.3.5. East Asia 10.3.6. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2018-2022 and Forecast 2023-2033 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022 11.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033 11.4.1. By Country 11.4.1.1. U.S. 11.4.1.2. Canada 11.4.2. By Delivery Form 11.4.3. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Delivery Form 11.5.3. By Application 11.6. Market Trends 11.7. Key Market Participants - Intensity Mapping 11.8. Drivers and Restraints - Impact Analysis 12. Latin America Market Analysis 2018-2022 and Forecast 2023-2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022 12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Rest of Latin America 12.4.2. By Delivery Form 12.4.3. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Delivery Form 12.5.3. By Application 12.6. Market Trends 12.7. Key Market Participants - Intensity Mapping 12.8. Drivers and Restraints - Impact Analysis 13. Europe Market Analysis 2018-2022 and Forecast 2023-2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022 13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. Italy 13.4.1.3. France 13.4.1.4. U.K. 13.4.1.5. Spain 13.4.1.6. BENELUX 13.4.1.7. Russia 13.4.1.8. Rest of Europe 13.4.2. By Delivery Form 13.4.3. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Delivery Form 13.5.3. By Application 13.6. Market Trends 13.7. Key Market Participants - Intensity Mapping 13.8. Drivers and Restraints - Impact Analysis 14. South Asia & Oceania Market Analysis 2018-2022 and Forecast 2023-2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022 14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033 14.4.1. By Country 14.4.1.1. India 14.4.1.2. Thailand 14.4.1.3. Indonesia 14.4.1.4. Malaysia 14.4.1.5. Australia & New Zealand 14.4.1.6. Rest of South Asia & Oceania 14.4.2. By Delivery Form 14.4.3. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Delivery Form 14.5.3. By Application 14.6. Market Trends 14.7. Key Market Participants - Intensity Mapping 14.8. Drivers and Restraints - Impact Analysis 15. East Asia Market Analysis 2018-2022 and Forecast 2023-2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022 15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033 15.4.1. By Country 15.4.1.1. China 15.4.1.2. Japan 15.4.1.3. South Korea 15.4.2. By Delivery Form 15.4.3. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Delivery Form 15.5.3. By Application 15.6. Market Trends 15.7. Key Market Participants - Intensity Mapping 15.8. Drivers and Restraints - Impact Analysis 16. Middle East & Africa Market Analysis 2018-2022 and Forecast 2023-2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022 16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033 16.4.1. By Country 16.4.1.1. GCC Countries 16.4.1.2. Turkey 16.4.1.3. Northern Africa 16.4.1.4. South Africa 16.4.1.5. Rest of Middle East & Africa 16.4.2. By Delivery Form 16.4.3. By Application 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Delivery Form 16.5.3. By Application 16.6. Market Trends 16.7. Key Market Participants - Intensity Mapping 16.8. Drivers and Restraints - Impact Analysis 17. Emerging Countries Market Analysis 2018-2022 and Forecast 2023-2033 17.1. Introduction 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. China Market Analysis 17.2.1. Introduction 17.2.2. Pricing Analysis 17.2.3. Market Value Proportion Analysis by Market Taxonomy 17.2.4. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 17.2.4.1. By Application 17.2.4.2. By Delivery Form 17.3. India Market Analysis 17.3.1. Introduction 17.3.2. Pricing Analysis 17.3.3. Market Value Proportion Analysis by Market Taxonomy 17.3.4. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 17.3.4.1. By Application 17.3.4.2. By Delivery Form 17.4. Brazil Market Analysis 17.4.1. Introduction 17.4.2. Pricing Analysis 17.4.3. Market Value Proportion Analysis by Market Taxonomy 17.4.4. Market Volume (Tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy 17.4.4.1. By Application 17.4.4.2. By Delivery Form 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies (Potassium Formate) 18.2. Market Concentration 18.3. Market Share Analysis of Top Players 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. ADDCON GmbH 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Geographical Sales footprint 19.3.1.4. SWOT Analysis 19.3.2. BASF SE 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Geographical Sales footprint 19.3.2.4. SWOT Analysis 19.3.3. Cabot Corporation 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Geographical Sales footprint 19.3.3.4. SWOT Analysis 19.3.4. Dynalene, Inc. 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Geographical Sales footprint 19.3.4.4. SWOT Analysis 19.3.5. Evonik Industries 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Geographical Sales footprint 19.3.5.4. SWOT Analysis 19.3.6. Hangzhou Focus Chemical Co., Ltd. 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Geographical Sales footprint 19.3.6.4. SWOT Analysis 19.3.7. Hawkins, Inc. 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Geographical Sales footprint 19.3.7.4. SWOT Analysis 19.3.8. Oxea Corporation 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Geographical Sales footprint 19.3.8.4. SWOT Analysis 19.3.9. Perstorp Specialty Chemicals AB 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Geographical Sales footprint 19.3.9.4. SWOT Analysis 19.3.10. Other Key Players 19.3.10.1. Overview 19.3.10.2. Product Portfolio 19.3.10.3. Geographical Sales footprint 19.3.10.4. SWOT Analysis 20. Assumptions and Acronyms Used 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) by Region, 2018-2033
Table 02: Global Market Volume (Kilo Tons) by Region, 2018-2033
Table 03: Global Market Value (US$ Mn) by Delivery Form, 2018-2033
Table 04: Global Market Volume (Kilo Tons) by Delivery Form, 2018-2033
Table 05: Global Market Value (US$ Mn) by Application, 2018-2033
Table 06: Global Market Volume (Kilo Tons) by Application, 2018-2033
Table 07: North America Market Value (US$ Mn) by Country, 2018-2033
Table 08: North America Market Volume (Kilo Tons) by Country, 2018-2033
Table 09: North America Market Value (US$ Mn) by Delivery Form, 2018-2033
Table 10: North America Market Volume (Kilo Tons) by Delivery Form, 2018-2033
Table 11: North America Market Value (US$ Mn) by Application, 2018-2033
Table 12: North America Market Volume (Kilo Tons) by Application, 2018-2033
Table 13: Latin America Market Value (US$ Mn) by Country, 2018-2033
Table 14: Latin America Market Volume (Kilo Tons) by Country, 2018-2033
Table 15: Latin America Market Value (US$ Mn) by Delivery Form, 2018-2033
Table 16: Latin America Market Volume (Kilo Tons) by Delivery Form, 2018-2033
Table 17: Latin America Market Value (US$ Mn) by Application, 2018-2033
Table 18: Latin America Market Volume (Kilo Tons) by Application, 2018-2033
Table 19: Europe Market Value (US$ Mn) by Country, 2018-2033
Table 20: Europe Market Volume (Kilo Tons) by Country, 2018-2033
Table 21: Europe Market Value (US$ Mn) by Delivery Form, 2018-2033
Table 22: Europe Market Volume (Kilo Tons) by Delivery Form, 2018-2033
Table 23: Europe Market Value (US$ Mn) by Application, 2018-2033
Table 24: Europe Market Volume (Kilo Tons) by Application, 2018-2033
Table 25: East Asia Market Value (US$ Mn) by Country, 2018-2033
Table 26: East Asia Market Volume (Kilo Tons) by Country, 2018-2033
Table 27: East Asia Market Value (US$ Mn) by Delivery Form, 2018-2033
Table 28: East Asia Market Volume (Kilo Tons) by Delivery Form, 2018-2033
Table 29: East Asia Market Value (US$ Mn) by Application, 2018-2033
Table 30: East Asia Market Volume (Kilo Tons) by Application, 2018-2033
Table 31: South Asia & Oceania Market Value (US$ Mn) by Country, 2018-2033
Table 32: South Asia & Oceania Market Volume (Kilo Tons) by Country, 2018-2033
Table 33: South Asia & Oceania Market Value (US$ Mn) by Delivery Form, 2018-2033
Table 34: South Asia & Oceania Market Volume (Kilo Tons) by Delivery Form, 2018-2033
Table 35: South Asia & Oceania Market Value (US$ Mn) by Application, 2018-2033
Table 36: South Asia & Oceania Market Volume (Kilo Tons) by Application, 2018-2033
Table 37: MEA Market Value (US$ Mn) by Country, 2018-2033
Table 38: MEA Market Volume (Kilo Tons) by Country, 2018-2033
Table 39: MEA Market Value (US$ Mn) by Delivery Form, 2018-2033
Table 40: MEA Market Volume (Kilo Tons) by Delivery Form, 2018-2033
Table 41: MEA Market Value (US$ Mn) by Application, 2018-2033
Table 42: MEA Market Volume (Kilo Tons) by Application, 2018-2033
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List Of Figures
Figure 01: Global Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2018-2033
Figure 02: Global Market Absolute $ Opportunity, 2022-2033
Figure 03: Global Market Share Analysis by Region - 2018, 2022 & 2033
Figure 05: Global Market Attractiveness Index by Region, 2023–2033
Figure 04: Global Market Y-o-Y Growth Projections by Region, 2022-2033
Figure 08: Europe Market Absolute $ Opportunity, 2023–2033
Figure 09: East Asia Market Absolute $ Opportunity, 2023–2033
Figure 10: South Asia Market Absolute $ Opportunity, 2023–2033
Figure 11: MEA Market Absolute $ Opportunity, 2023–2033
Figure 15: Dry solid / Non-caking powder Segment Market Absolute $ Opportunity, 2023–2033
Figure 16: Brine solution Segment Market Absolute $ Opportunity, 2023–2033
Figure 20: De-Icing Segment Market Absolute $ Opportunity, 2023–2033
Figure 21: Drilling Fluids Segment Market Absolute $ Opportunity, 2023–2033
Figure 22: Heat transfer fluids Segment Market Absolute $ Opportunity, 2023–2033
Figure 23: Anti-Freeze Segment Market Absolute $ Opportunity, 2023–2033
Figure 24: Agricultural Products Segment Market Absolute $ Opportunity, 2023–2033
Figure 25: Lubricants and Greases Segment Market Absolute $ Opportunity, 2023–2033
Figure 26: Others Segment Market Absolute $ Opportunity, 2023–2033
Figure 27: North America Market Attractiveness Index by Country, 2023–2033
Figure 28: North America Market Share Analysis by Delivery Form - 2018, 2022 & 2033
Figure 29: North America Market Y-o-Y Growth Projections by Delivery Form, 2022-2033
Figure 30: North America Market Attractiveness Index by Delivery Form, 2023–2033
Figure 31: North America Market Share Analysis by Application - 2018, 2022 & 2033
Figure 32: North America Market Y-o-Y Growth Projections by Application, 2022-2033
Figure 33: North America Market Attractiveness Index by Application, 2023–2033
Figure 34: Latin America Market Share Analysis by Country - 2018, 2022 & 2033
Figure 35: Latin America Market Y-o-Y Growth Projections by Country, 2022-2033
Figure 36: Latin America Market Attractiveness Index by Country, 2023–2033
Figure 37: Latin America Market Share Analysis by Delivery Form - 2018, 2022 & 2033
Figure 38: Latin America Market Y-o-Y Growth Projections by Delivery Form, 2022-2033
Figure 40: Latin America Market Attractiveness Index by Delivery Form, 2023–2033
Figure 41: Latin America Market Share Analysis by Application - 2018, 2022 & 2033
Figure 42: Latin America Market Y-o-Y Growth Projections by Application, 2022-2033
Figure 43: Latin America Market Attractiveness Index by Application, 2023–2033
Figure 44: Europe Market Share Analysis by Country - 2018, 2022 & 2033
Figure 45: Europe Market Y-o-Y Growth Projections by Country, 2022-2033
Figure 46: Europe Market Attractiveness Index by Country, 2023–2033
Figure 47: Europe Market Share Analysis by Delivery Form - 2018, 2022 & 2033
Figure 48: Europe Market Y-o-Y Growth Projections by Delivery Form, 2022-2033
Figure 49: Europe Market Attractiveness Index by Delivery Form, 2023–2033
Figure 50: Europe Market Share Analysis by Application - 2018, 2022 & 2033
Figure 51: Europe Market Y-o-Y Growth Projections by Application, 2022-2033
Figure 52: Europe Market Attractiveness Index by Application, 2023–2033
Figure 53: East Asia Market Share Analysis by Country - 2018, 2022 & 2033
Figure 54: East Asia Market Y-o-Y Growth Projections by Country, 2022-2033
Figure 55: East Asia Market Attractiveness Index by Country, 2023–2033
Figure 56: East Asia Market Share Analysis by Delivery Form - 2013, 2022 & 2033
Figure 57: East Asia Market Y-o-Y Growth Projections by Delivery Form, 2022-2033
Figure 58: East Asia Market Attractiveness Index by Delivery Form, 2023–2033
Figure 59: East Asia Market Share Analysis by Application - 2013, 2022 & 2033
Figure 60: East Asia Market Y-o-Y Growth Projections by Application, 2022-2033
Figure 61: East Asia Market Attractiveness Index by Application, 2023–2033
Figure 62: South Asia & Oceania Market Share Analysis by Country - 2013, 2022 & 2033
Figure 63: South Asia & Oceania Market Y-o-Y Growth Projections by Country, 2022-2033
Figure 64: South Asia & Oceania Market Attractiveness Index by Country, 2023–2033
Figure 65: South Asia & Oceania Market Share Analysis by Delivery Form - 2013, 2022 & 2033
Figure 66: South Asia & Oceania Market Y-o-Y Growth Projections by Delivery Form, 2022-2033
Figure 67: South Asia & Oceania Market Attractiveness Index by Delivery Form, 2023–2033
Figure 68: South Asia & Oceania Market Share Analysis by Application - 2013, 2022 & 2033
Figure 69: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2022-2033
Figure 70: South Asia & Oceania Market Attractiveness Index by Application, 2023–2033
Figure 71: Middle East & Africa Market Share Analysis by Country - 2018, 2022 & 2033
Figure 72: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2022-2033
Figure 73: Middle East & Africa Market Attractiveness Index by Country, 2023–2033
Figure 74: Middle East & Africa Market Share Analysis by Delivery Form - 2018, 2022 & 2033
Figure 75: Middle East & Africa Market Y-o-Y Growth Projections by Delivery Form, 2022-2033
Figure 76: Middle East & Africa Market Attractiveness Index by Delivery Form, 2023–2033
Figure 77: Middle East & Africa Market Share Analysis by Application - 2018, 2022 & 2033
Figure 78: Middle East & Africa Market Y-o-Y Growth Projections by Application, 2022-2033
Figure 79: Middle East & Africa Market Attractiveness Index by Application, 2023–2033
Figure 80: China Market Value (US$ Mn) Proportion Analysis, 2018, 2022 & 2033
Figure 81: India Market Value (US$ Mn) Proportion Analysis, 2018, 2022 & 2033
Figure 82: Brazil Market Value (US$ Mn) Proportion Analysis, 2018, 2022 & 2033
Figure 83: Global v/s Emerging Countries Growth Comparison
Figure 84: China Market Share Analysis by Delivery Form, 2022
Figure 85: China Market Share Analysis by Application, 2022
Figure 86: India Market Share Analysis by Delivery Form, 2022
Figure 87: India Market Share Analysis by Application, 2022
Figure 88: Brazil Market Share Analysis by Delivery Form, 2022
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- FAQs -
How big is the potassium formate market at present?
The global potassium formate market accounts for a US$ 725.5 billion valuation in 2023.
What would be the projected potassium formate market valuation?
By 2033-end, potassium formate sales are set to secure a market value of US$ 1.17 billion.
What is the predicted growth rate of the global potassium formate market?
From 2023 to 2033, worldwide demand for potassium formate is predicted to rise steadily at 4.9% CAGR.
What segments are covered in the potassium formate market report?
Delivery form, application, and region are prime segments covered in this Fact.MR research study.
What is the prominent factor driving the potassium formate market ahead?
Increasing demand for sustainable and eco-friendly chemicals is the key driver for market growth.
Who are the top players in the potassium formate market?
BASF SE, Gelest Inc., Cabot Corporation, Dynalene Inc., and Honeywell International Inc. are leading manufacturers of potassium formate.
Potassium Formate Market