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Potassium Formate Market Size By Type, By Application, By Geographic Scope And Forecast

  • Report

  • 102 Pages
  • April 2021
  • Region: Global
  • Verified Market Research
  • ID: 5440703
According to the publisher, the Global Potassium Formate Market was valued at USD 579.25 Million in 2020 and is projected to reach USD 847.74 Million by 2028, growing at a CAGR of 5.11% from 2021 to 2028.

The Potassium Formate Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Potassium Formate Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Potassium Formate Market Overview

Potassium formate has minimal applications as a heat-transfer liquid. Although the end-use industries are looking at feasible solutions for heating and cooling processes due to the increasing emphasis on sustainability and potassium formate has found to be the viable alternative. Along with a quality premium, producers are now emphasizing heat transfer fluids based on potassium formate to be used in refrigerated systems, instead of calcium chloride and other brine solutions. The growing demand for environment-friendly products is focusing on the demand for potassium formate.

This report provides an all-inclusive environment of the analysis for the Potassium Formate Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Potassium Formate Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Potassium Formate Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Potassium Formate Market.

Global Potassium Formate Market: Segmentation Analysis

The Global Potassium Formate Market is segmented on the basis of Type, Application, and Geography.

Key Players In Potassium Formate Market

The “Global Potassium Formate Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ADDCON GmbH, BASF SE, Cabot Corporation, Dynalene, Inc., Evonik Industries, Hangzhou Focus Chemicals Co.Ltd., Hawkins Inc.,Oxea Corporation, and Perstorp Speciality Chemicals AB.
Frequently Asked Questions about the Potassium Formate Market

What is the estimated value of the Potassium Formate Market?

The Potassium Formate Market was estimated to be valued at $579.25 Million in 2020.

What is the growth rate of the Potassium Formate Market?

The growth rate of the Potassium Formate Market is 4.9%, with an estimated value of $847.74 Million by 2028.

What is the forecasted size of the Potassium Formate Market?

The Potassium Formate Market is estimated to be worth $847.74 Million by 2028.

Who are the key companies in the Potassium Formate Market?

Key companies in the Potassium Formate Market include ADDCON GmbH, BASF SE, Cabot Corporation, Dynalene Inc., Evonik Industries, Hangzhou Focus Chemicals Co.Ltd., Hawkins Inc., Oxea Corporation and Perstorp Speciality Chemicals AB.

Table of Contents

1 Introduction
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Assumptions
1.5 Limitations
2 Research Methodology
2.1 Data Mining
2.2 Secondary Research
2.3 Primary Research
2.4 Subject Matter Expert Advice
2.5 Quality Check
2.6 Final Review
2.7 Data Triangulation
2.8 Bottom-Up Approach
2.9 Top Down Approach
2.10 Research Flow
3 Executive Summary
3.1 Market Overview
3.2 Global Potassium Formate Market Geographical Analysis (Cagr %)
3.3 Global Potassium Formate Market, by Type (Usd Million)
3.4 Global Potassium Formate Market, by Application (Usd Million)
3.5 Future Market Opportunities
3.6 Global Market Split
4 Market Outlook
4.1 Global Potassium Formate Market Outlook
4.2 Market Drivers
4.2.1 Rising Demand for Non-Hazardous Heat Transfer Fluids&Growing Application of Potassium Formate in the Oil and Gas Industry
4.2.2 Increasing Need for Effective De-Icing on Runways
4.3 Restraints
4.3.1 Seasonal Demand for Potassium Formate & Fluctuating Raw Material Prices
4.4 Opportunities
4.4.1 Profitable Applications in Other Industries
4.4.2 Rising Trends of Green Chemistry
4.5 Impact of Covid-19 on Global Potassium Formate Market
4.6 Porters Five Forces Model
5 Market, by Type
5.1 Overview
5.2 Solid Potassium Formate
5.3 Liquid Potassium Formate
6 Market, by Application
6.1 Overview
6.2 Oil Field
6.3 De-Icing Agent
6.4 Drilling Fluid
6.5 Heat Transfer Fluid
6.6 Agricultural Product
6.7 Others
7 Market, by Geography
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Apac
7.5 Rest of World
7.5.1 Middle East and Africa
7.5.2 Latin America
8 Competitive Landscape
8.1 Overview
8.2 Competitive Scenario
8.3 Company Market Ranking Analysis
9 Company Profiles
9.1 Basf Se
9.1.1 Company Overview
9.1.2 Companyinsights
9.1.1 Segment Breakdown
9.1.2 Product Benchmarking
9.1.3 SWOT Analysis
9.2 Evonik Industries
9.2.1 Company Overview
9.2.2 Company Insights
9.2.3 Segment Breakdown
9.2.4 Product Benchmarking
9.2.5 Key Developments
9.2.6 SWOT Analysis
9.3 Cabot Corporation
9.3.1 Company Overview
9.3.2 Company Insights
9.3.3 Segment Breakdown
9.3.4 Product Benchmarking
9.3.5 Key Developments
9.3.6 SWOT Analysis
9.4 Addcon GmbH
9.4.1 Company Overview
9.4.2 Company Insights
9.4.3 Product Benchmarking
9.5 Hawkins Inc.
9.5.1 Company Overview
9.5.2 Company Insights
9.5.3 Product Benchmarking
9.6 Oxea (Oq Chemicals)
9.6.1 Company Overview
9.6.2 Company Insights
9.6.3 Product Benchmarking
9.7 Dynalene Inc.
9.7.1 Company Overview
9.7.2 Company Insights
9.7.3 Product Benchmarking
9.8 Perstorp
9.8.1 Company Overview
9.8.2 Company Insights
9.8.3 Product Benchmarking
9.9 Hangzhou Focus Chemicals Co.Ltd
9.9.1 Company Overview
9.9.2 Company Insights
9.9.3 Product Benchmarking

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Cabot Corporation
  • Dynalene Inc.
  • Evonik Industries
  • Hangzhou Focus Chemicals Co.Ltd.
  • Hawkins Inc.
  • Oxea Corporation
  • Perstorp Speciality Chemicals AB