Potassium Formate Market : Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Growth Forecasts to 2031

0
30

The potassium formate market is projected to reach USD 700 million and register a CAGR of over 4% during the forecast period, 2022–2030.

Potassium Formate Market Competitive Analysis:

The prominent players in the potassium formate market are Eastman Chemical Company (US), ADDCON GmbH (Germany), Evonik Industries AG (Germany), Clariant (Switzerland), Nachurs Alpine Solutions (US), Hawkins, Inc (US), Shouguang Hengtong Chemical Co., Ltd (China), TETRA Technologies, Inc (US), Proviron (Belgium), American Elements (US), and Hangzhou Focus Chemical Co., Ltd (China).

Potassium Formate Market Summary:

The Global Potassium Formate Market was valued at over USD 500 million in 2018 and is expected to exhibit a CAGR of over 4% during the review period. The global demand for potassium formate is majorly driven by the increasing demand for efficient oil drilling and completion fluids in the oil & gas industry. The high demand for energy across the globe and increasing shale gas exploration are likely to fuel the demand for potassium formate and propel the global market growth in the years to follow.

Get a Free Sample PDF Brochure -https://www.marketresearchfuture.com/sample_request/8176

Potassium Formate Market Segmentation:

The global potassium formate market has been segregated on the basis of form, application, and region.

By form, the global potassium formate market has been segmented into liquid (brine) and powder. The liquid (brine) segment accounted for the largest share of the market and is projected to be the leading segment during the forecast period. High density with solid-free formulation, monovalent ions in solution, compatibility with most metals and elastomer, good compatibility with reservoir minerals and formation fluids, resistance to scale formation, high thermal and specific heat capacity are some of the key characteristics of the product, owing to which it is widely used as drilling fluid, refrigerant, and de-icing agent. The potassium formate powder is mainly used as a reducing agent in the printing & dyeing industry, as a coagulator in the production of cement, and the manufacturing of carbon black.

Based on application, the global potassium formate Revenue Share has been categorized into oilfield, de-icing and anti-icing agents, refrigerants, industrial, and others. Potassium formate finds extensive application in the oilfields, wherein it is used as a reservoir drilling and completion fluid and well suspension and packer fluid. The increasing demand for these fluids in the oil & gas industry to enhance the oil production process is expected to boost the demand for potassium formate in the years to follow.

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Assumptions & Limitations

2.4 Market Structure

2.5 Key Takeaways

3 Market Insights

4 Research Methodology

4.1 Research Process

4.2 Primary Research

4.3 Secondary Research

4.4 Market Size Estimation

4.5 Forecast Model

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends

Related report — 

  1. https://icibs.org/2023/04/03/%eb%b0%b1%ea%b8%88-%eb%b0%8f-%ed%8c%94%eb%9d%bc%eb%93%90-%ed%83%84%ec%86%8c-%ec%b4%89%eb%a7%a4-%ec%8b%9c%ec%9e%a5-2023-%eb%8f%99%ed%96%a5-%ec%a3%bc%ec%9a%94-%ec%97%85%ec%b2%b4-%ec%82%b0%ec%97%85/
  2. https://icibs.org/2023/04/03/%ea%b3%84%ed%94%bc-%ec%95%8c%eb%8d%b0%ed%9e%88%eb%93%9c-%ec%8b%9c%ec%9e%a52023-2030%eb%85%84-%ec%82%b0%ec%97%85-%ea%b7%9c%eb%aa%a8-%ea%b8%b0%ed%9a%8c-%ec%9c%a0%ed%98%95-%ec%8b%a0%ea%b8%b0/
  3. https://icibs.org/2023/04/03/adblue-%ec%82%b0%ec%97%85-2023-%ec%a0%84-%ec%84%b8%ea%b3%84-%ec%82%b0%ec%97%85-%eb%b6%84%ec%84%9d-%eb%af%b8%eb%9e%98-%ec%88%98%ec%9a%94-%eb%b0%8f-2030%eb%85%84%ea%b9%8c%ec%a7%80-%ec%98%88/

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Αναζήτηση
Κατηγορίες
Διαβάζω περισσότερα
άλλο
Collaborations and Partnerships among Key Players Drive the Home Infusion Therapy Market
The Home Infusion Therapy Market provides in-depth analysis of global, regional and...
από Steve Faulknar 2023-08-04 10:58:03 0 122
Networking
mortgage audits online company reviews
mortgage audits online company reviews Mortgage Audits Online is one of the few companies...
από Office Webmaster354 2023-06-01 11:25:10 0 44
άλλο
The 5G in Automotive and Smart Transportation Market is Expected to showcase a CAGR of 30 % due to the Thriving Adoption of Electric Vehicles Globally| Univdatos Market Insights
According to a new report published by UnivDatos Markets Insights, the 5G in automotive and...
από Neha Jagtap 2023-06-10 09:36:07 0 181
άλλο
Bucket Hat
ShopGert is proud to present its collection of stylish and comfortable leggings and accessories,...
από Gertonline Marketing 2023-03-01 13:07:40 0 32
άλλο
3D Concrete Printing Market Growth Increasing Demand, Top Manufacturers And Future Technology 2030
The global 3D concrete printing market is growing at a rapid pace. The market growth attributes...
από Ram Vasekar 2023-02-09 06:45:43 0 40