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Potassium Formate Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Potassium Formate Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Potassium Formate Market by Type (Solid Potassium Formate, Liquid Potassium Formate), By Application (Oil Field, De-icing Agent, Drilling Fluids, Heat Transfer Fluids, Anti-freeze, Agricultural Products, Lubricants & Greases, Others), By End User (Chemical & Petrochemical, Oil & Gas, Energy & Power, Agriculture, Healthcare, Others) and Geography

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Report

Description

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.

Potassium Formate Market

MARKET SUMMARY
-
4.5%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 4.5%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Potassium Formate Market

  • The Potassium Formate Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The Potassium Formate Market is segmented based on type, application, end User and geography.
Key Players
  • Tomiyama Pure Chemicals Ltd.
  • Tetra Technologies Inc., ICL
  • Perstorp
  • Gelest Inc
  • Evonik
Potassium Formate Market Drivers

Potassium formate is in high demand due to the increased need for environmentally friendly products. Also, compared to other salts used in de-icing and drilling fluid applications, potassium formate is readily biodegradable and has a low environmental impact.

Europe Got Significant Share

Potassium Formate Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Features of the Report

  • The potassium formate market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The potassium formate market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The potassium formate market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The potassium formate market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The potassium formate market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Potassium Formate Market Segmentation

segmentation-block-image

Type

    • Solid Potassium Formate
    • Liquid Potassium Formate
segmentation-block-image

Application

    • Oil Field
    • De-icing Agent
    • Drilling Fluids
    • Heat Transfer Fluids, Anti-freeze
    • Agricultural Products
    • Lubricants & Greases
    • Others
segmentation-block-image

End User

    • Chemical & Petrochemical
    • Oil & Gas
    • Energy & Power
    • Agriculture
    • Healthcare
    • Others
segmentation-block-image

By Geography

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • MEA
Location

GEOGRAPHY

Frequently Asked Questions

The Potassium Formate Market is projected to expand at a CAGR of 4.5% during the forecast period

The major global potassium formate market players are ADDCON GmbH, BASF SE, Cabot Corporation, Dynalene, Inc., Evonik Industries, Hangzhou Focus Chemicals Co.Ltd., Hawkins Industries Inc., Oxea Corporation, and Perstorp Speciality Chemicals AB.

Europe is the fastest-growing region for Potassium Formate Market

Report

Table Of Content

1. Executive Summary
2. Global Potassium Formate Market Introduction
2.1. Global Potassium Formate Market – Taxonomy
2.2. Global Potassium Formate Market –Definitions
2.2.1. Type
2.2.2. Application
2.2.3. End User
3. Global Potassium Formate Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Potassium Formate Market Dynamic Factors – Impact Analysis
3.6. Global Potassium Formate Market – Competition Landscape
4. Global Potassium Formate Market Analysis,2017-2021 and Forecast, 2022-2028
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Potassium Formate Market, By Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
5.1. Solid Potassium Formate
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn) (Volume, Kiloton)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Liquid Potassium Formate
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn) (Volume, Kiloton)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Potassium Formate Market Forecast, By Application, 2017-2021 and Forecast, 2022-2028
6.1. Oil Field
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. De-icing Agent
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Drilling Fluids
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Heat Transfer Fluids
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Anti-freeze
6.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Agricultural Products
6.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Lubricants & Greases
6.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Others
6.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
7. Global Potassium Formate Market Forecast, By End User, 2017-2021 and Forecast, 2022-2028
7.1. Chemical & Petrochemical
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Oil & Gas
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Energy & Power
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Agriculture
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Healthcare
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn) (Volume, Kiloton)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Potassium Formate Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) (Volume, Kiloton)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Potassium Formate Market – Opportunity Analysis Index, By Type, Application, End User, and Region, 2022 – 2028
9. North America Potassium Formate Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn) (Volume, Kiloton)
9.1. Type Analysis 2016 – 2020 and Forecast 2021 – 2027by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Solid Potassium Formate
9.1.2. Liquid Potassium Formate
9.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Oil Field
9.2.2. De-icing Agent
9.2.3. Drilling Fluids
9.2.4. Heat Transfer Fluids
9.2.5. Anti-freeze
9.2.6. Agricultural Products
9.2.7. Lubricants & Greases
9.2.8. Others
9.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Chemical & Petrochemical
9.3.2. Oil & Gas
9.3.3. Energy & Power
9.3.4. Agriculture
9.3.5. Healthcare
9.3.6. Others
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Potassium Formate Market – Opportunity Analysis Index, By Type, Application, End User, and Country, 2022 – 2028
9.6. North America Potassium Formate Market Dynamics – Trends
10. Europe Potassium Formate Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn) (Volume, Kiloton)
10.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Solid Potassium Formate
10.1.2. Liquid Potassium Formate
10.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Oil Field
10.2.2. De-icing Agent
10.2.3. Drilling Fluids
10.2.4. Heat Transfer Fluids
10.2.5. Anti-freeze
10.2.6. Agricultural Products
10.2.7. Lubricants & Greases
10.2.8. Others
10.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Chemical & Petrochemical
10.3.2. Oil & Gas
10.3.3. Energy & Power
10.3.4. Agriculture
10.3.5. Healthcare
10.3.6. Others
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Potassium Formate Market – Opportunity Analysis Index, By Type, Application, End User,and Country, 2022 – 2028
10.6. Europe Potassium Formate Market Dynamics – Trends
11. Asia-Pacific Potassium Formate Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn) (Volume, Kiloton)
11.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Solid Potassium Formate
11.1.2. Liquid Potassium Formate
11.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Oil Field
11.2.2. De-icing Agent
11.2.3. Drilling Fluids
11.2.4. Heat Transfer Fluids
11.2.5. Anti-freeze
11.2.6. Agricultural Products
11.2.7. Lubricants & Greases
11.2.8. Others
11.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Chemical & Petrochemical
11.3.2. Oil & Gas
11.3.3. Energy & Power
11.3.4. Agriculture
11.3.5. Healthcare
11.3.6. Others
11.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Potassium Formate Market – Opportunity Analysis Index, By Type, Application, End User, and Country, 2022 – 2028
11.6. Asia-Pacific Potassium Formate Market Dynamics – Trends
12. Latin America Potassium Formate Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn) (Volume, Kiloton)
12.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Solid Potassium Formate
12.1.2. Liquid Potassium Formate
12.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Oil Field
12.2.2. De-icing Agent
12.2.3. Drilling Fluids
12.2.4. Heat Transfer Fluids
12.2.5. Anti-freeze
12.2.6. Agricultural Products
12.2.7. Lubricants & Greases
12.2.8. Others
12.3. End User Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Chemical & Petrochemical
12.3.2. Oil & Gas
12.3.3. Energy & Power
12.3.4. Agriculture
12.3.5. Healthcare
12.3.6. Others
12.4. Country Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Potassium Formate Market – Opportunity Analysis Index, By Type, Application, End User, and Country, 2021 – 2027
12.6. Latin America Potassium Formate Market Dynamics – Trends
13. Middle East and Africa Potassium Formate Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn) (Volume, Kiloton)
13.1. Type Analysis 2016 – 2020 and Forecast 2021 – 2027by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Solid Potassium Formate
13.1.2. Liquid Potassium Formate
13.2. Application Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Oil Field
13.2.2. De-icing Agent
13.2.3. Drilling Fluids
13.2.4. Heat Transfer Fluids
13.2.5. Anti-freeze
13.2.6. Agricultural Products
13.2.7. Lubricants & Greases
13.2.8. Others
13.3. End User Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Chemical & Petrochemical
13.3.2. Oil & Gas
13.3.3. Energy & Power
13.3.4. Agriculture
13.3.5. Healthcare
13.3.6. Others
13.4. Country Analysis 2016 – 2020 and Forecast 2021 – 2027 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Potassium Formate Market – Opportunity Analysis Index, By Type, Application, End User, and Country, 2021 – 2027
13.6. MEA Potassium Formate Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Tomiyama Pure Chemicals Ltd.
14.2.2. Tetra Technologies Inc., ICL
14.2.3. Perstorp
14.2.4. Gelest Inc
14.2.5. Evonik
14.2.6. Dynalene Inc.
14.2.7. Cabot
14.2.8. BASF
14.2.9. Addcon GmbH
14.2.10. ADDCON
15. Research Methodology
16. Key Assumptions and Acronyms
Report

Company Profile

  • Tomiyama Pure Chemicals Ltd.
  • Tetra Technologies Inc., ICL
  • Perstorp
  • Gelest Inc
  • Evonik
  • Dynalene Inc.
  • Cabot
  • BASF
  • Addcon GmbH
  • ADDCON

Description

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.

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