This report studies the global Potassium Formate market status and forecast, categorizes the global Potassium Formate market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
Potassium formate (CHO2K) is the potassium salt of formic acid. With a molar mass of 84.12 g/mol, this highly water‑soluble product has many industrial applications, including heat transfer, de-icing, and as a brine for use in oilfield applications such as drilling and completion operations. Potassium formate also can be used as reduce agent for the production of printing and dyeing, and as intermediate in the manufacturing of potassium diformate.
Potassium formate, HCO2K (or KHCOO), is the potassium salt of formic acid. Potassium formate has been widely used to produce drilling fluid. Potassium formate has also been studied as a potential environmentally friendly deicing salt for use on roads.
Potassium formate is a concentrated industry with some manufacturers dominating the market. The manufacturers can be categorized as three types: raw material formic acid suppliers (such as Perstorp and BASF), drilling fluid manufactures (such as M-I Swaco) and deicing agent manufactures (such as Kemira, NASi and Esseco).
The global Potassium Formate market is valued at 380 million US$ in 2017 and will reach 440 million US$ by the end of 2025, growing at a CAGR of 1.7% during 2018-2025.
The major manufacturers covered in this report
Shouguang Hengtong Chemical
Chongqing Chuandong Chemical
Mianyang Aostar Phosphorus Chemical
Hangzhou Focus Chemical
Shanxi Zhaoyi Chemical
Hebei Huayun Hongye Chemcal
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
Other regions (Central & South America, Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Solid Potassium Formate
Liquid Potassium Formate
By Application, the market can be split into
The study objectives of this report are:
To analyze and study the global Potassium Formate capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Potassium Formate manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Potassium Formate are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Potassium Formate Manufacturers
Potassium Formate Distributors/Traders/Wholesalers
Potassium Formate Subcomponent Manufacturers
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Potassium Formate market, by end-use.
Detailed analysis and profiles of additional market players.