Potassium formate (CHO2K) is the potassium salt of formic acid. With a molar mass of 84.12 g/mol, this highly watersoluble 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.
Scope of the Report:
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 worldwide market for Potassium Formate is expected to grow at a CAGR of roughly 1.8% over the next five years, will reach 430 million US$ in 2024, from 380 million US$ in 2019, according to a new Research study.
This report focuses on the Potassium Formate in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Market Segment by Manufacturers, this report covers
Shouguang Hengtong Chemical
Chongqing Chuandong Chemical
Mianyang Aostar Phosphorus Chemical
Hangzhou Focus Chemical
Shanxi Zhaoyi Chemical
Hebei Huayun Hongye Chemcal
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Solid Potassium Formate
Liquid Potassium Formate
Market Segment by Applications, can be divided into
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Potassium Formate product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Potassium Formate, with price, sales, revenue and global market share of Potassium Formate in 2017 and 2018.
Chapter 3, the Potassium Formate competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Potassium Formate breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Potassium Formate market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Potassium Formate sales channel, distributors, customers, research findings and conclusion, appendix and data source.