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Sodium Formate-Global Market Insights and Sales Trends 2025
Synopsis
Sodium formate is an organic sodium salt which is the monosodium salt of formic acid. It has a role as a buffer and an astringent. It contains a formate.
The global Sodium Formate market size is expected to reach US$ 430.4 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Sodium Formate in various end use industries. The expanding demands from the Sodium Dithionite, Oxalic Acid, Formic Acid and Other, are propelling Sodium Formate market. ≥98% Purity, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the ≥95% Purity segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Sodium Formate market, driven by demand from China, the second largest economy with some signs of stabilising, the Sodium Formate market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Purity, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Sodium Formate, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Sodium Formate market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Sodium Formate market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Sodium Formate sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Sodium Formate covered in this report include Luxi Chemical, Koei Chemical, Kanoria Chemicals & Industries, Asian Paints, Hawkins, Hubei Yihua Chemical Industry, Anhui Dongfeng Chemical and Dongying Shuntong Chemical, etc.
The global Sodium Formate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Luxi Chemical
Koei Chemical
Kanoria Chemicals & Industries
Asian Paints
Hawkins
Hubei Yihua Chemical Industry
Anhui Dongfeng Chemical
Dongying Shuntong Chemical
Global Sodium Formate market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Sodium Formate market, Segment by Purity:
≥98% Purity
≥95% Purity
≥92% Purity
Other
Global Sodium Formate market, by Application
Sodium Dithionite
Oxalic Acid
Formic Acid
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Purity, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Sodium Formate manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Sodium Formate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Sodium formate is an organic sodium salt which is the monosodium salt of formic acid. It has a role as a buffer and an astringent. It contains a formate.
The global Sodium Formate market size is expected to reach US$ 430.4 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Sodium Formate in various end use industries. The expanding demands from the Sodium Dithionite, Oxalic Acid, Formic Acid and Other, are propelling Sodium Formate market. ≥98% Purity, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the ≥95% Purity segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Sodium Formate market, driven by demand from China, the second largest economy with some signs of stabilising, the Sodium Formate market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Purity, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Sodium Formate, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Sodium Formate market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Sodium Formate market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Sodium Formate sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Sodium Formate covered in this report include Luxi Chemical, Koei Chemical, Kanoria Chemicals & Industries, Asian Paints, Hawkins, Hubei Yihua Chemical Industry, Anhui Dongfeng Chemical and Dongying Shuntong Chemical, etc.
The global Sodium Formate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Luxi Chemical
Koei Chemical
Kanoria Chemicals & Industries
Asian Paints
Hawkins
Hubei Yihua Chemical Industry
Anhui Dongfeng Chemical
Dongying Shuntong Chemical
Global Sodium Formate market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Sodium Formate market, Segment by Purity:
≥98% Purity
≥95% Purity
≥92% Purity
Other
Global Sodium Formate market, by Application
Sodium Dithionite
Oxalic Acid
Formic Acid
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Purity, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Sodium Formate manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Sodium Formate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Sodium Formate Market Overview
1.1 Sodium Formate Product Overview
1.2 Sodium Formate Market Segment by Purity
1.2.1 ≥98% Purity
1.2.2 ≥95% Purity
1.2.3 ≥92% Purity
1.2.4 Other
1.3 Global Sodium Formate Market Size by Purity
1.3.1 Global Sodium Formate Market Size Overview by Purity (2018-2029)
1.3.2 Global Sodium Formate Historic Market Size Review by Purity (2018-2023)
1.3.3 Global Sodium Formate Forecasted Market Size by Purity (2024-2029)
1.4 Key Regions Market Size Segment by Purity
1.4.1 North America Sodium Formate Sales Breakdown by Purity (2018-2023)
1.4.2 Europe Sodium Formate Sales Breakdown by Purity (2018-2023)
1.4.3 Asia-Pacific Sodium Formate Sales Breakdown by Purity (2018-2023)
1.4.4 Latin America Sodium Formate Sales Breakdown by Purity (2018-2023)
1.4.5 Middle East and Africa Sodium Formate Sales Breakdown by Purity (2018-2023)
2 Global Sodium Formate Market Competition by Company
2.1 Global Top Players by Sodium Formate Sales (2018-2023)
2.2 Global Top Players by Sodium Formate Revenue (2018-2023)
2.3 Global Top Players by Sodium Formate Price (2018-2023)
2.4 Global Top Manufacturers Sodium Formate Manufacturing Base Distribution, Sales Area, Product Type
2.5 Sodium Formate Market Competitive Situation and Trends
2.5.1 Sodium Formate Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Sodium Formate Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Sodium Formate as of 2022)
2.7 Date of Key Manufacturers Enter into Sodium Formate Market
2.8 Key Manufacturers Sodium Formate Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Sodium Formate Status and Outlook by Region
3.1 Global Sodium Formate Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Sodium Formate Historic Market Size by Region
3.2.1 Global Sodium Formate Sales in Volume by Region (2018-2023)
3.2.2 Global Sodium Formate Sales in Value by Region (2018-2023)
3.2.3 Global Sodium Formate Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Sodium Formate Forecasted Market Size by Region
3.3.1 Global Sodium Formate Sales in Volume by Region (2024-2029)
3.3.2 Global Sodium Formate Sales in Value by Region (2024-2029)
3.3.3 Global Sodium Formate Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Sodium Formate by Application
4.1 Sodium Formate Market Segment by Application
4.1.1 Sodium Dithionite
4.1.2 Oxalic Acid
4.1.3 Formic Acid
4.1.4 Other
4.2 Global Sodium Formate Market Size by Application
4.2.1 Global Sodium Formate Market Size Overview by Application (2018-2029)
4.2.2 Global Sodium Formate Historic Market Size Review by Application (2018-2023)
4.2.3 Global Sodium Formate Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Sodium Formate Sales Breakdown by Application (2018-2023)
4.3.2 Europe Sodium Formate Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Sodium Formate Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Sodium Formate Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Sodium Formate Sales Breakdown by Application (2018-2023)
5 North America Sodium Formate by Country
5.1 North America Sodium Formate Historic Market Size by Country
5.1.1 North America Sodium Formate Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Sodium Formate Sales in Volume by Country (2018-2023)
5.1.3 North America Sodium Formate Sales in Value by Country (2018-2023)
5.2 North America Sodium Formate Forecasted Market Size by Country
5.2.1 North America Sodium Formate Sales in Volume by Country (2024-2029)
5.2.2 North America Sodium Formate Sales in Value by Country (2024-2029)
6 Europe Sodium Formate by Country
6.1 Europe Sodium Formate Historic Market Size by Country
6.1.1 Europe Sodium Formate Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Sodium Formate Sales in Volume by Country (2018-2023)
6.1.3 Europe Sodium Formate Sales in Value by Country (2018-2023)
6.2 Europe Sodium Formate Forecasted Market Size by Country
6.2.1 Europe Sodium Formate Sales in Volume by Country (2024-2029)
6.2.2 Europe Sodium Formate Sales in Value by Country (2024-2029)
7 Asia-Pacific Sodium Formate by Region
7.1 Asia-Pacific Sodium Formate Historic Market Size by Region
7.1.1 Asia-Pacific Sodium Formate Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Sodium Formate Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Sodium Formate Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Sodium Formate Forecasted Market Size by Region
7.2.1 Asia-Pacific Sodium Formate Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Sodium Formate Sales in Value by Region (2024-2029)
8 Latin America Sodium Formate by Country
8.1 Latin America Sodium Formate Historic Market Size by Country
8.1.1 Latin America Sodium Formate Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Sodium Formate Sales in Volume by Country (2018-2023)
8.1.3 Latin America Sodium Formate Sales in Value by Country (2018-2023)
8.2 Latin America Sodium Formate Forecasted Market Size by Country
8.2.1 Latin America Sodium Formate Sales in Volume by Country (2024-2029)
8.2.2 Latin America Sodium Formate Sales in Value by Country (2024-2029)
9 Middle East and Africa Sodium Formate by Country
9.1 Middle East and Africa Sodium Formate Historic Market Size by Country
9.1.1 Middle East and Africa Sodium Formate Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Sodium Formate Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Sodium Formate Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Sodium Formate Forecasted Market Size by Country
9.2.1 Middle East and Africa Sodium Formate Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Sodium Formate Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Luxi Chemical
10.1.1 Luxi Chemical Company Information
10.1.2 Luxi Chemical Introduction and Business Overview
10.1.3 Luxi Chemical Sodium Formate Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Luxi Chemical Sodium Formate Products Offered
10.1.5 Luxi Chemical Recent Development
10.2 Koei Chemical
10.2.1 Koei Chemical Company Information
10.2.2 Koei Chemical Introduction and Business Overview
10.2.3 Koei Chemical Sodium Formate Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Koei Chemical Sodium Formate Products Offered
10.2.5 Koei Chemical Recent Development
10.3 Kanoria Chemicals & Industries
10.3.1 Kanoria Chemicals & Industries Company Information
10.3.2 Kanoria Chemicals & Industries Introduction and Business Overview
10.3.3 Kanoria Chemicals & Industries Sodium Formate Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Kanoria Chemicals & Industries Sodium Formate Products Offered
10.3.5 Kanoria Chemicals & Industries Recent Development
10.4 Asian Paints
10.4.1 Asian Paints Company Information
10.4.2 Asian Paints Introduction and Business Overview
10.4.3 Asian Paints Sodium Formate Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Asian Paints Sodium Formate Products Offered
10.4.5 Asian Paints Recent Development
10.5 Hawkins
10.5.1 Hawkins Company Information
10.5.2 Hawkins Introduction and Business Overview
10.5.3 Hawkins Sodium Formate Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hawkins Sodium Formate Products Offered
10.5.5 Hawkins Recent Development
10.6 Hubei Yihua Chemical Industry
10.6.1 Hubei Yihua Chemical Industry Company Information
10.6.2 Hubei Yihua Chemical Industry Introduction and Business Overview
10.6.3 Hubei Yihua Chemical Industry Sodium Formate Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hubei Yihua Chemical Industry Sodium Formate Products Offered
10.6.5 Hubei Yihua Chemical Industry Recent Development
10.7 Anhui Dongfeng Chemical
10.7.1 Anhui Dongfeng Chemical Company Information
10.7.2 Anhui Dongfeng Chemical Introduction and Business Overview
10.7.3 Anhui Dongfeng Chemical Sodium Formate Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Anhui Dongfeng Chemical Sodium Formate Products Offered
10.7.5 Anhui Dongfeng Chemical Recent Development
10.8 Dongying Shuntong Chemical
10.8.1 Dongying Shuntong Chemical Company Information
10.8.2 Dongying Shuntong Chemical Introduction and Business Overview
10.8.3 Dongying Shuntong Chemical Sodium Formate Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Dongying Shuntong Chemical Sodium Formate Products Offered
10.8.5 Dongying Shuntong Chemical Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Sodium Formate Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Sodium Formate Industrial Chain Analysis
11.4 Sodium Formate Market Dynamics
11.4.1 Sodium Formate Industry Trends
11.4.2 Sodium Formate Market Drivers
11.4.3 Sodium Formate Market Challenges
11.4.4 Sodium Formate Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Sodium Formate Distributors
12.3 Sodium Formate Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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