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Global Potassium Formate Market Research Report 2024
Synopsis
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.
The global Potassium Formate market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
In the U.S. market, major manufacturers include Oxea Corporation, Nasi, Clearwater, Themark, Hawkins, Advantage MUD Systems, and Casco.
This report aims to provide a comprehensive presentation of the global market for Potassium Formate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Potassium Formate.
Report Scope
The Potassium Formate market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Potassium Formate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Potassium Formate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Perstorp
OXEA Corporation
ADDCON
BASF
SLB
Kemira
Esseco
Hawkins
Shouguang Hengtong Chemical
Chongqing Chuandong Chemical
Shuntong Group
Mianyang Aostar Phosphorus Chemical
Hangzhou Focus Chemical
Shanxi Zhaoyi Chemical
Hebei Huayun Hongye Chemcal
Segment by Type
Solid Potassium Formate
Liquid Potassium Formate
Segment by Application
Oil Field
Deicing Agent
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Potassium Formate manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Potassium Formate by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Potassium Formate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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.
The global Potassium Formate market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
In the U.S. market, major manufacturers include Oxea Corporation, Nasi, Clearwater, Themark, Hawkins, Advantage MUD Systems, and Casco.
This report aims to provide a comprehensive presentation of the global market for Potassium Formate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Potassium Formate.
Report Scope
The Potassium Formate market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Potassium Formate market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Potassium Formate manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Perstorp
OXEA Corporation
ADDCON
BASF
SLB
Kemira
Esseco
Hawkins
Shouguang Hengtong Chemical
Chongqing Chuandong Chemical
Shuntong Group
Mianyang Aostar Phosphorus Chemical
Hangzhou Focus Chemical
Shanxi Zhaoyi Chemical
Hebei Huayun Hongye Chemcal
Segment by Type
Solid Potassium Formate
Liquid Potassium Formate
Segment by Application
Oil Field
Deicing Agent
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Potassium Formate manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Potassium Formate by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Potassium Formate in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Potassium Formate Market Overview
1.1 Product Definition
1.2 Potassium Formate Segment by Type
1.2.1 Global Potassium Formate Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Solid Potassium Formate
1.2.3 Liquid Potassium Formate
1.3 Potassium Formate Segment by Application
1.3.1 Global Potassium Formate Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Oil Field
1.3.3 Deicing Agent
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Potassium Formate Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Potassium Formate Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Potassium Formate Production Estimates and Forecasts (2019-2030)
1.4.4 Global Potassium Formate Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Potassium Formate Production Market Share by Manufacturers (2019-2024)
2.2 Global Potassium Formate Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Potassium Formate, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Potassium Formate Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Potassium Formate Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Potassium Formate, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Potassium Formate, Product Offered and Application
2.8 Global Key Manufacturers of Potassium Formate, Date of Enter into This Industry
2.9 Potassium Formate Market Competitive Situation and Trends
2.9.1 Potassium Formate Market Concentration Rate
2.9.2 Global 5 and 10 Largest Potassium Formate Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Potassium Formate Production by Region
3.1 Global Potassium Formate Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Potassium Formate Production Value by Region (2019-2030)
3.2.1 Global Potassium Formate Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Potassium Formate by Region (2025-2030)
3.3 Global Potassium Formate Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Potassium Formate Production by Region (2019-2030)
3.4.1 Global Potassium Formate Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Potassium Formate by Region (2025-2030)
3.5 Global Potassium Formate Market Price Analysis by Region (2019-2024)
3.6 Global Potassium Formate Production and Value, Year-over-Year Growth
3.6.1 North America Potassium Formate Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Potassium Formate Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Potassium Formate Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Potassium Formate Production Value Estimates and Forecasts (2019-2030)
4 Potassium Formate Consumption by Region
4.1 Global Potassium Formate Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Potassium Formate Consumption by Region (2019-2030)
4.2.1 Global Potassium Formate Consumption by Region (2019-2024)
4.2.2 Global Potassium Formate Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Potassium Formate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Potassium Formate Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Potassium Formate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Potassium Formate Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Potassium Formate Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Potassium Formate Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Potassium Formate Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Potassium Formate Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Potassium Formate Production by Type (2019-2030)
5.1.1 Global Potassium Formate Production by Type (2019-2024)
5.1.2 Global Potassium Formate Production by Type (2025-2030)
5.1.3 Global Potassium Formate Production Market Share by Type (2019-2030)
5.2 Global Potassium Formate Production Value by Type (2019-2030)
5.2.1 Global Potassium Formate Production Value by Type (2019-2024)
5.2.2 Global Potassium Formate Production Value by Type (2025-2030)
5.2.3 Global Potassium Formate Production Value Market Share by Type (2019-2030)
5.3 Global Potassium Formate Price by Type (2019-2030)
6 Segment by Application
6.1 Global Potassium Formate Production by Application (2019-2030)
6.1.1 Global Potassium Formate Production by Application (2019-2024)
6.1.2 Global Potassium Formate Production by Application (2025-2030)
6.1.3 Global Potassium Formate Production Market Share by Application (2019-2030)
6.2 Global Potassium Formate Production Value by Application (2019-2030)
6.2.1 Global Potassium Formate Production Value by Application (2019-2024)
6.2.2 Global Potassium Formate Production Value by Application (2025-2030)
6.2.3 Global Potassium Formate Production Value Market Share by Application (2019-2030)
6.3 Global Potassium Formate Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Perstorp
7.1.1 Perstorp Potassium Formate Corporation Information
7.1.2 Perstorp Potassium Formate Product Portfolio
7.1.3 Perstorp Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Perstorp Main Business and Markets Served
7.1.5 Perstorp Recent Developments/Updates
7.2 OXEA Corporation
7.2.1 OXEA Corporation Potassium Formate Corporation Information
7.2.2 OXEA Corporation Potassium Formate Product Portfolio
7.2.3 OXEA Corporation Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.2.4 OXEA Corporation Main Business and Markets Served
7.2.5 OXEA Corporation Recent Developments/Updates
7.3 ADDCON
7.3.1 ADDCON Potassium Formate Corporation Information
7.3.2 ADDCON Potassium Formate Product Portfolio
7.3.3 ADDCON Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.3.4 ADDCON Main Business and Markets Served
7.3.5 ADDCON Recent Developments/Updates
7.4 BASF
7.4.1 BASF Potassium Formate Corporation Information
7.4.2 BASF Potassium Formate Product Portfolio
7.4.3 BASF Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.4.4 BASF Main Business and Markets Served
7.4.5 BASF Recent Developments/Updates
7.5 SLB
7.5.1 SLB Potassium Formate Corporation Information
7.5.2 SLB Potassium Formate Product Portfolio
7.5.3 SLB Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.5.4 SLB Main Business and Markets Served
7.5.5 SLB Recent Developments/Updates
7.6 Kemira
7.6.1 Kemira Potassium Formate Corporation Information
7.6.2 Kemira Potassium Formate Product Portfolio
7.6.3 Kemira Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Kemira Main Business and Markets Served
7.6.5 Kemira Recent Developments/Updates
7.7 Esseco
7.7.1 Esseco Potassium Formate Corporation Information
7.7.2 Esseco Potassium Formate Product Portfolio
7.7.3 Esseco Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Esseco Main Business and Markets Served
7.7.5 Esseco Recent Developments/Updates
7.8 Hawkins
7.8.1 Hawkins Potassium Formate Corporation Information
7.8.2 Hawkins Potassium Formate Product Portfolio
7.8.3 Hawkins Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Hawkins Main Business and Markets Served
7.7.5 Hawkins Recent Developments/Updates
7.9 Shouguang Hengtong Chemical
7.9.1 Shouguang Hengtong Chemical Potassium Formate Corporation Information
7.9.2 Shouguang Hengtong Chemical Potassium Formate Product Portfolio
7.9.3 Shouguang Hengtong Chemical Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Shouguang Hengtong Chemical Main Business and Markets Served
7.9.5 Shouguang Hengtong Chemical Recent Developments/Updates
7.10 Chongqing Chuandong Chemical
7.10.1 Chongqing Chuandong Chemical Potassium Formate Corporation Information
7.10.2 Chongqing Chuandong Chemical Potassium Formate Product Portfolio
7.10.3 Chongqing Chuandong Chemical Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Chongqing Chuandong Chemical Main Business and Markets Served
7.10.5 Chongqing Chuandong Chemical Recent Developments/Updates
7.11 Shuntong Group
7.11.1 Shuntong Group Potassium Formate Corporation Information
7.11.2 Shuntong Group Potassium Formate Product Portfolio
7.11.3 Shuntong Group Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Shuntong Group Main Business and Markets Served
7.11.5 Shuntong Group Recent Developments/Updates
7.12 Mianyang Aostar Phosphorus Chemical
7.12.1 Mianyang Aostar Phosphorus Chemical Potassium Formate Corporation Information
7.12.2 Mianyang Aostar Phosphorus Chemical Potassium Formate Product Portfolio
7.12.3 Mianyang Aostar Phosphorus Chemical Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Mianyang Aostar Phosphorus Chemical Main Business and Markets Served
7.12.5 Mianyang Aostar Phosphorus Chemical Recent Developments/Updates
7.13 Hangzhou Focus Chemical
7.13.1 Hangzhou Focus Chemical Potassium Formate Corporation Information
7.13.2 Hangzhou Focus Chemical Potassium Formate Product Portfolio
7.13.3 Hangzhou Focus Chemical Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Hangzhou Focus Chemical Main Business and Markets Served
7.13.5 Hangzhou Focus Chemical Recent Developments/Updates
7.14 Shanxi Zhaoyi Chemical
7.14.1 Shanxi Zhaoyi Chemical Potassium Formate Corporation Information
7.14.2 Shanxi Zhaoyi Chemical Potassium Formate Product Portfolio
7.14.3 Shanxi Zhaoyi Chemical Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Shanxi Zhaoyi Chemical Main Business and Markets Served
7.14.5 Shanxi Zhaoyi Chemical Recent Developments/Updates
7.15 Hebei Huayun Hongye Chemcal
7.15.1 Hebei Huayun Hongye Chemcal Potassium Formate Corporation Information
7.15.2 Hebei Huayun Hongye Chemcal Potassium Formate Product Portfolio
7.15.3 Hebei Huayun Hongye Chemcal Potassium Formate Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Hebei Huayun Hongye Chemcal Main Business and Markets Served
7.15.5 Hebei Huayun Hongye Chemcal Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Potassium Formate Industry Chain Analysis
8.2 Potassium Formate Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Potassium Formate Production Mode & Process
8.4 Potassium Formate Sales and Marketing
8.4.1 Potassium Formate Sales Channels
8.4.2 Potassium Formate Distributors
8.5 Potassium Formate Customers
9 Potassium Formate Market Dynamics
9.1 Potassium Formate Industry Trends
9.2 Potassium Formate Market Drivers
9.3 Potassium Formate Market Challenges
9.4 Potassium Formate Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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