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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.
Potassium formate, HCO2K (or KHCOO), is the potassium salt of formic acid. Potassium formate has been widely used to produce drilling fluid. Potassium formate has also been studied as a potential environmentally friendly deicing salt for use on roads.
Market Analysis and Insights: Global Potassium Formate Market
The global Potassium Formate market was valued at US$ 411.2 in 2020 and will reach US$ 455 million by the end of 2027, growing at a CAGR of 1.7% during 2022-2027.
Global Potassium Formate Scope and Market Size
The global Potassium Formate market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Potassium Formate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Solid Potassium Formate
Liquid Potassium Formate
Segment by Application
Oil Field
Deicing Agent
Others
The Potassium Formate market is analysed and market size information is provided by regions (countries). Segment by Application, the Potassium Formate market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Perstorp
OXEA Corporation
ADDCON
NASi
M-I Swaco
BASF
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
Potassium formate, HCO2K (or KHCOO), is the potassium salt of formic acid. Potassium formate has been widely used to produce drilling fluid. Potassium formate has also been studied as a potential environmentally friendly deicing salt for use on roads.
Market Analysis and Insights: Global Potassium Formate Market
The global Potassium Formate market was valued at US$ 411.2 in 2020 and will reach US$ 455 million by the end of 2027, growing at a CAGR of 1.7% during 2022-2027.
Global Potassium Formate Scope and Market Size
The global Potassium Formate market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Potassium Formate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Solid Potassium Formate
Liquid Potassium Formate
Segment by Application
Oil Field
Deicing Agent
Others
The Potassium Formate market is analysed and market size information is provided by regions (countries). Segment by Application, the Potassium Formate market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Perstorp
OXEA Corporation
ADDCON
NASi
M-I Swaco
BASF
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
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