Potassium Formate Market size was valued at USD 680.1 million in 2021. It is expected to reach a value of USD 919.3 million by 2028, growing at a CAGR of 4.5% from 2022 to 2028. The global market provides a detailed overview of the Potassium Formate Market, which can be segmented by type, application, and end-user. By type, the potassium formate market has been segmented into Solid Potassium Formate and Liquid Potassium Formate. The Liquid Potassium Formate segment is likely the largest and fastest growing in terms of types. By application, the potassium formate is segmented into Oil Field, De-icing Agent, Drilling Fluids, Heat Transfer Fluids, Anti-freeze, Agricultural Products, Lubricants & Greases, and Others. The Oil Field segment accounted for a significant revenue share in 2021. Based on end-user, the potassium formate market is segmented into Chemical & Petrochemical, Oil & Gas, Energy & Power, Agriculture, Healthcare, and Others. According to precision business insights, the Chemical & Petrochemical segment is predicted to register the fastest growth rate during the forecast period.