Potassium Formate Business value 2027 Competitive Landscape, Key Players, Business Opportunities and Forecast 2027


Posted May 5, 2021 by chemical123

Global Potassium Formate Market: Information by Form (Liquid [Brine] and Powder), Application (Oilfield, De-icing and Anti-Icing Agents, Refrigerants & Industrial and Others) - Forecast till 2025

 
Description :

Keywords :
Potassium Formate, Potassium Formate Market, Potassium Formate Market Growth, Potassium Formate Market Share, Potassium Formate Market Size, Potassium Formate Market Trends, Potassium Formate Market Demand, Potassium Formate Market Analysis, Potassium Formate Market Report, Potassium Formate Market Outlook, Potassium Formate Market Demand


global potassium formate market value Analysis
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.
By form, the global potassium formate market value 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.
Top Key Players
The prominent players in the global potassium formate market value 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).

Access Full Report Details and Order this Premium
Report : https://www.marketresearchfuture.com/reports/potassium-formate-market-8176

Regional Analysis

Some of the key players operating in the Global Potassium Formate Market value are Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Market Research Future
Phone 6468459312
Business Address Office No. 528, Amanora Chambers
Country India
Categories Advertising , Business , Industry
Tags global potassium formate market , potassium formate business , potassium formate industry
Last Updated May 5, 2021