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Global Potassium Formate Market Size study, by Form (Brine, Powder) By Application (Drilling Fluid, De-Icing, Heat Transfer Fluid, Others (Fertilizer, Feed)) and Regional Forecasts 2022-2028

  • BIZ4950956
  • 200 Pages
  • March 2022
  • Materials and Chemicals
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Global Potassium Formate Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Potassium formate is the potassium salt of formic acid. Potassium formate removes thin layers of ice and prevents new snow from sticking or a new layer of ice forming. Potassium formate is a coolant for industrial freezers. In the food industry it is used as a preservative. Growing demand for frozen and packaged food products and rising application of potassium formate as de-icing agent are key drivers for the growth of Potassium Formate market. For instance, according to American Frozen Food Institute (AFFI) - in the year 2020, the retail sales of frozen foods were estimated at USD 65.1 billion , witnessing an increase of 21% over the previous year (Approx. USD 539 billion in 2019). Also, with favorable government regulations and policies and rising application in oil and gas industries, the adoption & demand for Potassium Formate is likely to increase the market growth during the forecast period. However, volatile cost of raw materials impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Potassium Formate Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of well-established oil & gas industry and increasing application as de-icing agent in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing packaged food industry in the region would create lucrative growth prospects for the Potassium Formate Market across Asia-Pacific region.

Major market player included in this report are:

BASF SE

Evonik Industries

Honeywell International Inc

Cabot Corporation

Addcon GmbH

Dynalene Inc.

Perstorp Holding AB

GELEST, INC

Tomiyama Pure Chemical Industries, Ltd.

ICL

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:

Brine

Powder

By Application:

Drilling Fluid

De-icing

Heat Transfer Fluid

Others (fertilizer, feed)

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Potassium Formate Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)

1.2.1. Potassium Formate Market, by Region, 2020-2028 (USD Billion)

1.2.2. Potassium Formate Market, by Form, 2020-2028 (USD Billion)

1.2.3. Potassium Formate Market, by Application, 2020-2028 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Potassium Formate Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Potassium Formate Market Dynamics

3.1. Potassium Formate Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Growing demand for packaged and frozen foods

3.1.1.2. Rising demand in De-icing Applications.

3.1.2. Market Challenges

3.1.2.1. Fluctuating Raw Material cost.

3.1.3. Market Opportunities

3.1.3.1. Rising application in Oil and Gas industry.

3.1.3.2. Favourable government regulations and policies.

Chapter 4. Global Potassium Formate Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Potassium Formate Market, by Form

6.1. Market Snapshot

6.2. Global Potassium Formate Market by Form, Performance - Potential Analysis

6.3. Global Potassium Formate Market Estimates & Forecasts by Form 2019-2028 (USD Billion)

6.4. Potassium Formate Market, Sub Segment Analysis

6.4.1. Brine

6.4.2. Powder

Chapter 7. Global Potassium Formate Market, by Application

7.1. Market Snapshot

7.2. Global Potassium Formate Market by Application, Performance - Potential Analysis

7.3. Global Potassium Formate Market Estimates & Forecasts by Application 2019-2028 (USD Billion)

7.4. Potassium Formate Market, Sub Segment Analysis

7.4.1. Drilling Fluid

7.4.2. De-icing

7.4.3. Heat Transfer Fluid

7.4.4. Others (fertilizer, feed)

Chapter 8. Global Potassium Formate Market, Regional Analysis

8.1. Potassium Formate Market, Regional Market Snapshot

8.2. North America Potassium Formate Market

8.2.1. U.S. Potassium Formate Market

8.2.1.1. Form breakdown estimates & forecasts, 2019-2028

8.2.1.2. Application breakdown estimates & forecasts, 2019-2028

8.2.2. Canada Potassium Formate Market

8.3. Europe Potassium Formate Market Snapshot

8.3.1. U.K. Potassium Formate Market

8.3.2. Germany Potassium Formate Market

8.3.3. France Potassium Formate Market

8.3.4. Spain Potassium Formate Market

8.3.5. Italy Potassium Formate Market

8.3.6. Rest of Europe Potassium Formate Market

8.4. Asia-Pacific Potassium Formate Market Snapshot

8.4.1. China Potassium Formate Market

8.4.2. India Potassium Formate Market

8.4.3. Japan Potassium Formate Market

8.4.4. Australia Potassium Formate Market

8.4.5. South Korea Potassium Formate Market

8.4.6. Rest of Asia Pacific Potassium Formate Market

8.5. Latin America Potassium Formate Market Snapshot

8.5.1. Brazil Potassium Formate Market

8.5.2. Mexico Potassium Formate Market

8.6. Rest of The World Potassium Formate Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. BASF SE

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. Evonik Industries

9.2.3. Honeywell International Inc

9.2.4. Cabot Corporation

9.2.5. Addcon GmbH

9.2.6. Dynalene Inc.

9.2.7. Perstorp Holding AB

9.2.8. GELEST, INC

9.2.9. Tomiyama Pure Chemical Industries, Ltd.

9.2.10. ICL

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. Global Potassium Formate Market, report scope

TABLE 2. Global Potassium Formate Market estimates & forecasts by Region 2019-2028 (USD Billion)

TABLE 3. Global Potassium Formate Market estimates & forecasts by Form 2019-2028 (USD Billion)

TABLE 4. Global Potassium Formate Market estimates & forecasts by Application 2019-2028 (USD Billion)

TABLE 5. Global Potassium Formate Market by segment, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 6. Global Potassium Formate Market by region, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 7. Global Potassium Formate Market by segment, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 8. Global Potassium Formate Market by region, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 9. Global Potassium Formate Market by segment, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 10. Global Potassium Formate Market by region, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 11. Global Potassium Formate Market by segment, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 12. Global Potassium Formate Market by region, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 13. Global Potassium Formate Market by segment, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 14. Global Potassium Formate Market by region, estimates & forecasts, 2019-2028 (USD Billion)

TABLE 15. U.S. Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 16. U.S. Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 17. U.S. Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 18. Canada Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 19. Canada Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 20. Canada Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 21. UK Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 22. UK Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 23. UK Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 24. Germany Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 25. Germany Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 26. Germany Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 27. RoE Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 28. RoE Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 29. RoE Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 30. China Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 31. China Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 32. China Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 33. India Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 34. India Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 35. India Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 36. Japan Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 37. Japan Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 38. Japan Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 39. RoAPAC Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 40. RoAPAC Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 41. RoAPAC Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 42. Brazil Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 43. Brazil Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 44. Brazil Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 45. Mexico Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 46. Mexico Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 47. Mexico Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 48. RoLA Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 49. RoLA Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 50. RoLA Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 51. Row Potassium Formate Market estimates & forecasts, 2019-2028 (USD Billion)

TABLE 52. Row Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 53. Row Potassium Formate Market estimates & forecasts by segment 2019-2028 (USD Billion)

TABLE 54. List of secondary sources, used in the study of global Potassium Formate Market

TABLE 55. List of primary sources, used in the study of global Potassium Formate Market

TABLE 56. Years considered for the study

TABLE 57. Exchange rates considered

 
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