Potassium Formate Market Key Players, Growth Drivers and Challenges to 2022

Global Potassium Formate Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Potassium Formate HCO2K (or KHCOO) is the potassium salt of formic acid. Molar mass of Potassium Formate is 84.12 g/mole. This extremely water-soluble product is used mainly as a brine in drilling, completion, and workover fluids.

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Potassium formate has also been studied as a potential environmentally friendly deicing salt for use on roads and airports. This white solid is an intermediate in the formate potash process to produce potassium. At high concentrations, potassium formate significantly covers polymer thermal stability. Potassium Formate Market is categorized based on product type, applications, and geography. Potassium Formate Industry is categorized based on product types such as Solid Potassium Formate, Liquid Potassium Formate. Potassium Formate Market is categorized based on application into Oil Field, Deicing Agent, Others

Potassium Formate Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

North America has been at the forefront with regards to Potassium Formate Market and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Potassium Formate Market include ADDCON, NASi, OXEA Corporation, Perstorp, Chongqing Chuandong Chemical, M-I Swaco, Kemira, BASF, Esseco, Hawkins, Shouguang Hengtong Chemical. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Potassium Formate in these regions, from 2012 to 2022 (forecast), covering

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

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