openPR Logo
Press release

Potassium Formate Market Estimated to Experience a Hike in Growth by 2027

11-25-2021 12:50 PM CET | Industry, Real Estate & Construction

Press release from: Transparency Market Research

Potassium Formate Market

Potassium Formate Market

Potassium Formate Market: Key Highlights

The global potassium formate market was valued at ~ US$ 615 Mn in 2018, and is anticipated to expand at a CAGR of ~ 5% from 2019 to 2027. The need for effective and environment-friendly de-icing solutions in the aerospace industry is expected to propel the potassium formate market during the forecast period.
The low environmental impact of potassium formate makes it a cost-effective sustainable solution as compared to other materials. Potassium formate has low chemical oxygen demand (COD) and biological oxygen demand (BOD). Therefore, it is bio-degradable.

For More Information:https://www.transparencymarketresearch.com/potassium-formate-market.html

Key Drivers of the Potassium Formate Market

De-icing of airport runways is necessary for safety purposes. Chemical de-icing is often used on airport runways to expedite the melting of snow. De-icing involves the use of inorganic salts, which have lower melting point than ice. Inorganic salts used in are the form of brine solutions in de-icing applications. They are effective in the short run; however, they have detrimental effects on construction materials.
Potassium formate-based de-icers are more biodegradable than inorganic salts and organic counterparts such as acetate salts and urea. They are effective and environment-friendly. This is anticipated to boost the demand for potassium formate in the aerospace industry during the forecast period.

Request For Sample:https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=71397

Newly Discovered and Potential Oil & Gas Reserves Likely to Offer Opportunities

Increase in the demand for oil & gas in developing economies such as China, India, and Brazil is a major factor boosting the rate of drilling activities. A large numbers of petroleum companies are continuously exploring new oil & gas reserves.
The number of new oil & gas discoveries has increased in countries in Africa over the last few years. Large untapped reserves in Africa are garnering the interest of some of the major global exploration and production companies.
These new oil & gas discoveries are likely to eventually require drilling and completion fluids. Therefore, newly discovered and potential oil & gas reserves are estimated to create lucrative opportunities for the potassium formate market during the forecast period.

Buy Now : https://www.transparencymarketresearch.com/checkout.php?rep_id=71397<ype=S

Rise in Price of Potassium Formate

Potassium formate is primarily produced in the liquid form, and its handling and transportation is difficult. Thus, the prices of liquid potassium formate are higher. This makes it less competitive than its substitutes in various applications, especially as a de-icing agent. In turn, this is expected to restrain the global potassium formate market during the forecast period.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.co.uk/news-releases/lactic-acid-ester-market-to-witness-momentum-in-growth-from-rising-utilization-of-green-solvents-in-multiple-industries-market-valuation-to-surpass-us-4-8-bn-by-2031-tmr-study-821706434.html

Europe a Prominent Potassium Formate Market

In terms of value, Europe accounted for a prominent share of the global potassium formate market in 2018. This can be ascribed to the strong demand for potassium formate in the oil & gas industry and as a de-icing agent.
North America and Asia Pacific are the other prominent consumers of potassium formate. Potassium formate is increasingly utilized for de-icing in North America. BASF SE operates a formic acid production plant in the U.S. The company sells formic acid to runway de-icing producers for the production of potassium formate in North America.
Rise in oil & gas exploration activities in the region is likely to boost the demand for potassium formate in Asia Pacific during the forecast period.
The Middle East & Africa is anticipated to be a highly attractive region of the potassium formate market during the forecast period. Rise in the usage of potassium formate in fertilizers is expected to drive the market in the Middle East & Africa during the forecast period.
Top Three Players Accounted for Prominent Market Share in 2018

Key players operating in the global potassium formate market include Perstorp Holdings, ADDCON, BASF SE, ESSECO UK Limited, Chongqing Chuandong Chemical (Group)Co., Ltd, Kemira Oyj, Cabot Corporation, and NACHURS ALPINE SOLUTIONS Industrial (NASi). The global reach of these companies and their focus on a wide range of end-user industries are responsible for the large share held by them.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Potassium Formate Market Estimated to Experience a Hike in Growth by 2027 here

News-ID: 2474754 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for Potassium

Potassium Cocoate Sales Market Size Analysis by Application, Type, and Region: F …
According to Market Research Intellect, the global Potassium Cocoate Sales market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. The potassium cocoate sales market is witnessing steady growth, driven by rising demand for natural and biodegradable
Raltegravir Potassium Sales Market Size Analysis by Application, Type, and Regio …
According to Market Research Intellect, the global Raltegravir Potassium Sales market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period. The global incidence of HIV/AIDS and the continuous need for potent antiretroviral treatments are the main factors
Global Potassium Sulfite Solution Market Size by Application, Type, and Geograph …
USA, New Jersey- According to Market Research Intellect, the global Potassium Sulfite Solution market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The potassium sulfite solution market is projected to grow steadily from 2025 to 2032, with a strong Compound Annual Growth Rate (CAGR). This growth
Sodium Potassium Titanate Market
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Sodium Potassium Titanate market is anticipated to grow at a compound annual growth rate (CAGR) of 16.67% between 2024 and 2031. The market is expected to grow to USD 6.68 Billion by 2024. The valuation is expected to reach USD 19.66 Billion by 2031. The Sodium Potassium Titanate market is poised for growth due to its expanding applications in industries such as
Potassium Bicarbonate Price Trend Report
Potassium bicarbonate is a versatile compound used across various industries, including agriculture, food, pharmaceuticals, and fire safety. Its chemical composition (KHCO₃) makes it an effective ingredient for neutralizing acids and a key component in food additives, fertilizers, and fire extinguishers. Due to its broad range of applications, understanding the price trends of potassium bicarbonate is crucial for industries reliant on its consistent supply. This blog will explore the recent price
Potassium Gluconate Market
Allied Market Research (USA, Oregon, Portland) Published Latest Report titled, ‘Potassium Gluconate Market: Global Opportunity Analysis and Industry Forecast 2020-2027’. The Potassium Gluconate Market is expected to witness growth in upcoming years due to factors such as increase in target patient population, which mostly includes patients suffering from cancer, tuberculosis and cardiovascular diseases. This market research study determines the increase in changes and the aspects which are likely to have an impact