123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Global Potassium Formate Market

Profile Picture
By Author: geeta
Total Articles: 298
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Global Potassium Formate Market was valued US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027, at a CAGR of 2.2 % during a forecast period.

Global Potassium Formate Market

The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.

Potassium formate is highly soluble in water. It has various industrial applications like de-icing, a heat transfer fluid, fertilizers, and others. Potassium Formate fluids are ideal as base fluids in a number of industries. The non- corrosive organic monovalent fluids offer benefits over traditional brines. Potassium formates when mixed with cesium and/or sodium formate that helps to cover the entire density range.

Global Potassium Formate Market, Dynamics:

Potassium formate is widely used as an anti-freezing additive to concrete and additive to the tile adhesives. It is a coolant for industrial freezers, which is used as deicing agent. It is also used as a preservative and salt substitute in the food ...
... industry. Currently, potassium formate is engaged in its liquid form in reconstruction and drilling of boreholes. It offers benefits, which is extremely important in areas with high levels of environmental protection. The drilling solution with the potassium formate has no adverse effect on the collector. On the other hand, drop in the consumption of formic acid and seasonal demand for potassium formate are expected to limit the global potassium formate market.

Global Potassium Formate Market, Segment Analysis:

The liquid segment is expected to grow at a XX% rate of CAGR during the forecast period. It is a high-density clear liquid and is widely used in the form of brine. Potassium formate in solid form is hygroscopic in nature. It has a limited use over liquid form. liquid form of potassium formate offers physical characteristics like monovalent composition, low crystallization temperatures, high transition temperatures of polymers that is expected to drive the global market growth.

Global Potassium Formate Market, Regional Analysis:

North America region is expected to dominant position in the global potassium formate market. The demand for the potassium formate is mainly dependent on the drilling activities in the oil and gas sector. The region is expected to contribute XX% growth in the global market. The growth in the market is attributed to the factors like shale boom and growing offshore drilling activities in the developed countries. An increase in finding untapped oil and gas reserves is expected to drive the regional market growth during the forecast period.

The presence of large reserves of unconventional hydrocarbon reserves in the form of shale gas, tight oil, and oil sands coupled with high investments from multinational oil and gas key players like Suncor Energy, Husky Energy, Shell, Imperial Oil, Cenovus, and ExxonMobil are some of the prominent factors behind the North America potassium formate market growth. The U.S. government has invested in several unconventional oil and gas drilling projects to boost economic production from fossil fuels. For instance, in 2018, the United States Department of energy directed funds worth US$XX Mn for R&D activities for unconventional shale development.

On the other hand, Governments in various countries like Indonesia, China, and Australia are taking initiatives to explore untapped oil resources. For instance, the Indonesian government offers favorable trade policies like 0% import duty on imports of floating or submarine production facilities and drilling platforms.

The objective of the report is to present a comprehensive analysis of the Global Potassium Formate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Potassium Formate Market dynamics, structure by analyzing the market segments and projects the Global Potassium Formate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Potassium Formate Market make the report investor’s guide.

For More Information Visit :https://www.maximizemarketresearch.com/market-report/global-potassium-formate-market/64454/
Scope of the Global Potassium Formate Market

Global Potassium Formate Market, By Form

• Solid
• Liquid
Global Potassium Formate Market, By Application

• Oil Drilling
• De-icing
• Others
Global Potassium Formate Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Potassium Formate Market

• BASF
• Kemira
• Perstorp
• OXEA Corporation
• ADDCON
• NASi
• M-I Swaco
• Esseco
• Hawkins
• Shouguang Hengtong Chemical
• Chongqing Chuandong Chemical
• Shuntong Group
• Mianyang Aostar Phosphorus Chemical
• Hangzhou Focus Chemical
• Shanxi Zhaoyi Chemical
• Hebei Huayun Hongye Chemical

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage

Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.

Email: sales@maximizemarketresearch.com

Address : Pune, Maharashtra 411051, India.

Contact: +919607195908      

Total Views: 289Word Count: 936See All articles From Author

Add Comment

Business Articles

1. Single Screw Plastic Extruder Demystified For Manufacturers
Author: ADVAN

2. Leed And Its Impact On Today's World
Author: Agile Advisors

3. Enhancing Safety And Sustainability: Tempgenius Blood Bank And Environmental Monitors
Author: Chris Miller

4. Verg Restoration
Author: PAVEL VERGULYANETS

5. Key Players And Competitive Landscape In The Insect Pest Control Sector
Author: MarketsandMarkets

6. Earthing Rod And Its Types
Author: EARTHING ROD AND ITS TYPES

7. Unveiling Excellence: The Journey Of A Pcb Manufacturer And The Innovations In Rigid-flex Pcbs
Author: Shenzhen Shuoqiang Electronics Co.,Ltd.

8. Exploring Multilayer Pcbs, Aluminum Base Pcbs, And Choosing The Right Pcb Supplier
Author: Shenzhen Shuoqiang Electronics Co.,Ltd.

9. Best Wati Alternatives In 2024 To Improve Customer Engagement
Author: Vilas

10. Revolutionizing Retail Spaces With Architectural Cad Design And Drafting Services
Author: Pavantheaecassociates

11. Professionell Diskning I Stockholm: Ta Hjälp Av Erfarna Diskare
Author: hemstandind i sigtuna

12. Canva Acquires Design Platform Affinity To Bring Professional Design Tools To Every Organization
Author: otis

13. Best Static And Dynamic Website In Mumbai
Author: Techstreat Web Solutions

14. Mastering The Road: The Essential Training For Becoming A School Bus Driver With Northstar Bus Lines
Author: Northstarbuslines

15. Exploring The Potential Of Hydrogen Technologies: A Clean Energy Revolution
Author: yogitamnm

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: