Potassium Formate Market size is expected to reach 704.57 US$ Mn in year 2029, at a CAGR of 2.2% during the forecast period. The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis. Potassium formate is highly soluble in water. It has various industrial applications like de-icing, a heat transfer fluid, fertilizers, and others. Potassium Formate fluids are ideal as base fluids in a number of industries. The non- corrosive organic monovalent fluids offer benefits over traditional brines. Potassium formates when mixed with cesium and/or sodium formate that helps to cover the entire density range.To know about the Research Methodology :- Request Free Sample Report
Potassium Formate Market, Dynamics:
Potassium formate is widely used as an anti-freezing additive to concrete and additive to the tile adhesives. It is a coolant for industrial freezers, which is used as deicing agent. It is also used as a preservative and salt substitute in the food industry. Currently, potassium formate is engaged in its liquid form in reconstruction and drilling of boreholes. It offers benefits, which is extremely important in areas with high levels of environmental protection. The drilling solution with the potassium formate has no adverse effect on the collector. On the other hand, drop in the consumption of formic acid and seasonal demand for potassium formate are expected to limit the global potassium formate market.Potassium Formate Market, Segment Analysis:
The liquid segment is expected to grow at a xx% rate of CAGR during the forecast period. It is a high-density clear liquid and is widely used in the form of brine. Potassium formate in solid form is hygroscopic in nature. It has a limited use over liquid form. liquid form of potassium formate offers physical characteristics like monovalent composition, low crystallization temperatures, high transition temperatures of polymers that is expected to drive the global market growth.Potassium Formate Market, Regional Insights:
North America region is expected to dominant position in the global potassium formate market. The demand for the potassium formate is mainly dependent on the drilling activities in the oil and gas sector. The region is expected to contribute xx% growth in the global market. The growth in the market is attributed to the factors like shale boom and growing offshore drilling activities in the developed countries. An increase in finding untapped oil and gas reserves is expected to drive the regional market growth during the forecast period. The presence of large reserves of unconventional hydrocarbon reserves in the form of shale gas, tight oil, and oil sands coupled with high investments from multinational oil and gas key players like Suncor Energy, Husky Energy, Shell, Imperial Oil, Cenovus, and ExxonMobil are some of the prominent factors behind the North America potassium formate market growth. The U.S. government has invested in several unconventional oil and gas drilling projects to boost economic production from fossil fuels. For instance, in 2022, the United States Department of energy directed funds worth US$xx Mn for R&D activities for unconventional shale development. On the other hand, Governments in various countries like Indonesia, China, and Australia are taking initiatives to explore untapped oil resources. For instance, the Indonesian government offers favorable trade policies like 0% import duty on imports of floating or submarine production facilities and drilling platforms. The objective of the report is to present a comprehensive analysis of the Global Potassium Formate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Potassium Formate Market dynamics, structure by analyzing the market segments and projects the Global Potassium Formate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Potassium Formate Market make the report investor’s guide.Potassium Formate Market Scope: Inquire before buying
Global Potassium Formate Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 605.02 Mn. Forecast Period 2023 to 2029 CAGR: 2.2% Market Size in 2029: US $ 704.57 Mn. Segments Covered: by Form Solid Liquid by Application Oil Drilling De-icing Others Potassium Formate Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Potassium Formate Market Key Players
1. BASF 2. Kemira 3. Perstorp 4. OXEA Corporation 5. ADDCON 6. NASi 7. M-I Swaco 8. Esseco 9. Hawkins 10.Shouguang Hengtong Chemical 11.Chongqing Chuandong Chemical 12.Shuntong Group 13.Mianyang Aostar Phosphorus Chemical 14.Hangzhou Focus Chemical 15.Shanxi Zhaoyi Chemical 16.Hebei Huayun Hongye Chemical 17.Cabot Corporation 18.Dynalene, Inc. 19. Evonik Industries 20.Eastman Chemical Company 21.Nachurs Alpine Solutions 22.TETRA Technologies, Inc Frequently Asked Questions: 1. Which region has the largest share in Global Potassium Formate Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Potassium Formate Market? Ans: The Global Potassium Formate Market is growing at a CAGR of 2.2% during forecasting period 2023-2029. 3. What is scope of the Global Potassium Formate market report? Ans: Global Potassium Formate Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Potassium Formate market? Ans: The important key players in the Global Potassium Formate Market are – BASF, Kemira, Perstorp, OXEA Corporation, ADDCON, NASi, M-I Swaco, Esseco, Hawkins, Shouguang Hengtong Chemical, Chongqing Chuandong Chemical, Shuntong Group, Mianyang Aostar Phosphorus Chemical, Hangzhou Focus Chemical, Shanxi Zhaoyi Chemical, and Hebei Huayun Hongye Chemical 5. What is the study period of this market? Ans: The Global Potassium Formate Market is studied from 2022 to 2029.
1. Potassium Formate Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Potassium Formate Market: Dynamics 2.1. Potassium Formate Market Trends by Region 2.1.1. North America Potassium Formate Market Trends 2.1.2. Europe Potassium Formate Market Trends 2.1.3. Asia Pacific Potassium Formate Market Trends 2.1.4. Middle East and Africa Potassium Formate Market Trends 2.1.5. South America Potassium Formate Market Trends 2.2. Potassium Formate Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Potassium Formate Market Drivers 2.2.1.2. North America Potassium Formate Market Restraints 2.2.1.3. North America Potassium Formate Market Opportunities 2.2.1.4. North America Potassium Formate Market Challenges 2.2.2. Europe 2.2.2.1. Europe Potassium Formate Market Drivers 2.2.2.2. Europe Potassium Formate Market Restraints 2.2.2.3. Europe Potassium Formate Market Opportunities 2.2.2.4. Europe Potassium Formate Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Potassium Formate Market Drivers 2.2.3.2. Asia Pacific Potassium Formate Market Restraints 2.2.3.3. Asia Pacific Potassium Formate Market Opportunities 2.2.3.4. Asia Pacific Potassium Formate Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Potassium Formate Market Drivers 2.2.4.2. Middle East and Africa Potassium Formate Market Restraints 2.2.4.3. Middle East and Africa Potassium Formate Market Opportunities 2.2.4.4. Middle East and Africa Potassium Formate Market Challenges 2.2.5. South America 2.2.5.1. South America Potassium Formate Market Drivers 2.2.5.2. South America Potassium Formate Market Restraints 2.2.5.3. South America Potassium Formate Market Opportunities 2.2.5.4. South America Potassium Formate Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Potassium Formate Industry 2.8. Analysis of Government Schemes and Initiatives For Potassium Formate Industry 2.9. Potassium Formate Market Trade Analysis 2.10. The Global Pandemic Impact on Potassium Formate Market 3. Potassium Formate Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Potassium Formate Market Size and Forecast, by Form (2022-2029) 3.1.1. Solid 3.1.2. Liquid 3.2. Potassium Formate Market Size and Forecast, by Application (2022-2029) 3.2.1. Oil Drilling 3.2.2. De-icing 3.2.3. Others 3.3. Potassium Formate Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Potassium Formate Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Potassium Formate Market Size and Forecast, by Form (2022-2029) 4.1.1. Solid 4.1.2. Liquid 4.2. North America Potassium Formate Market Size and Forecast, by Application (2022-2029) 4.2.1. Oil Drilling 4.2.2. De-icing 4.2.3. Others 4.3. North America Potassium Formate Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Potassium Formate Market Size and Forecast, by Form (2022-2029) 4.3.1.1.1. Solid 4.3.1.1.2. Liquid 4.3.1.2. United States Potassium Formate Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Oil Drilling 4.3.1.2.2. De-icing 4.3.1.2.3. Others 4.3.2. Canada 4.3.2.1. Canada Potassium Formate Market Size and Forecast, by Form (2022-2029) 4.3.2.1.1. Solid 4.3.2.1.2. Liquid 4.3.2.2. Canada Potassium Formate Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Oil Drilling 4.3.2.2.2. De-icing 4.3.2.2.3. Others 4.3.3. Mexico 4.3.3.1. Mexico Potassium Formate Market Size and Forecast, by Form (2022-2029) 4.3.3.1.1. Solid 4.3.3.1.2. Liquid 4.3.3.2. Mexico Potassium Formate Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Oil Drilling 4.3.3.2.2. De-icing 4.3.3.2.3. Others 5. Europe Potassium Formate Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.2. Europe Potassium Formate Market Size and Forecast, by Application (2022-2029) 5.3. Europe Potassium Formate Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.3.1.2. United Kingdom Potassium Formate Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.3.2.2. France Potassium Formate Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.3.3.2. Germany Potassium Formate Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.3.4.2. Italy Potassium Formate Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.3.5.2. Spain Potassium Formate Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.3.6.2. Sweden Potassium Formate Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.3.7.2. Austria Potassium Formate Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Potassium Formate Market Size and Forecast, by Form (2022-2029) 5.3.8.2. Rest of Europe Potassium Formate Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Potassium Formate Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.2. Asia Pacific Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Potassium Formate Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.1.2. China Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.2.2. S Korea Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.3.2. Japan Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.4.2. India Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.5.2. Australia Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.6.2. Indonesia Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.7.2. Malaysia Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.8.2. Vietnam Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.9.2. Taiwan Potassium Formate Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Potassium Formate Market Size and Forecast, by Form (2022-2029) 6.3.10.2. Rest of Asia Pacific Potassium Formate Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Potassium Formate Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Potassium Formate Market Size and Forecast, by Form (2022-2029) 7.2. Middle East and Africa Potassium Formate Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Potassium Formate Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Potassium Formate Market Size and Forecast, by Form (2022-2029) 7.3.1.2. South Africa Potassium Formate Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Potassium Formate Market Size and Forecast, by Form (2022-2029) 7.3.2.2. GCC Potassium Formate Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Potassium Formate Market Size and Forecast, by Form (2022-2029) 7.3.3.2. Nigeria Potassium Formate Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Potassium Formate Market Size and Forecast, by Form (2022-2029) 7.3.4.2. Rest of ME&A Potassium Formate Market Size and Forecast, by Application (2022-2029) 8. South America Potassium Formate Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Potassium Formate Market Size and Forecast, by Form (2022-2029) 8.2. South America Potassium Formate Market Size and Forecast, by Application (2022-2029) 8.3. South America Potassium Formate Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Potassium Formate Market Size and Forecast, by Form (2022-2029) 8.3.1.2. Brazil Potassium Formate Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Potassium Formate Market Size and Forecast, by Form (2022-2029) 8.3.2.2. Argentina Potassium Formate Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Potassium Formate Market Size and Forecast, by Form (2022-2029) 8.3.3.2. Rest Of South America Potassium Formate Market Size and Forecast, by Application (2022-2029) 9. Global Potassium Formate Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Potassium Formate Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. BASF 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Kemira 10.3. Perstorp 10.4. OXEA Corporation 10.5. ADDCON 10.6. NASi 10.7. M-I Swaco 10.8. Esseco 10.9. Hawkins 10.10. Shouguang Hengtong Chemical 10.11. Chongqing Chuandong Chemical 10.12. Shuntong Group 10.13. Mianyang Aostar Phosphorus Chemical 10.14. Hangzhou Focus Chemical 10.15. Shanxi Zhaoyi Chemical 10.16. Hebei Huayun Hongye Chemical 10.17. Cabot Corporation 10.18. Dynalene, Inc. 10.19. Evonik Industries 10.20. Eastman Chemical Company 10.21. Nachurs Alpine Solutions 10.22. TETRA Technologies, Inc 11. Key Findings 12. Industry Recommendations 13. Potassium Formate Market: Research Methodology 14. Terms and Glossary