Report Title: Global Potassium Formate Market by Manufacturers, Regions, Type and Application, Forecast to 2023
Potassium Formate Market 2019 report provides Emerging Market trends, Manufacturer Share, Market Segmentation, regional outlook and comprehensive analysis on different market segments. The Potassium Formate Market provides detailed analysis of Potassium Formate Market Overview, Segmentation by Types, Potential Applications and Production Analysis.
Overview Of Potassium Formate Market:
- Potassium formate (CHO2K) is the potassium salt of formic acid. With a molar mass of 84.12 g/mol, this highly waterâ¬âsoluble 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.
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Global Potassium Formate Market: Manufacturers Segment Analysis (Company and Product introduction, Potassium Formate Sales Volume, Revenue, Price and Gross Margin):
This report focuses on the Potassium Formate in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.Potassium formate is a concentrated industry with some manufacturers dominating the market. The manufacturers can be categorized as three types: raw material formic acid suppliers (such as Perstorp and BASF), drilling fluid manufactures (such as M-I Swaco) and deicing agent manufactures (such as Kemira, NASi and Esseco). A key variable in the performance of potassium formate producers is raw material costs, specifically the speed at which any increase can be passed through to customers. The materials of potassium formate include formic acid and potassium hydroxide, both of which are bulk chemical raw materials. The price of formic acid and potassium hydroxide injects short-term volatility into margins and stock prices. From 2011 to 2015, the decreasing of formic acid price lowered the production cost of potassium formate, which also contributes to the price decrease of potassium formate. Also the price raise of formic acid in 2016 lifted the price of potassium formate, but we tend to believe the price for long term would trend down. The worldwide market for Potassium Formate is expected to grow at a CAGR of roughly 2.2% over the next five years, will reach 440 million US$ in 2023, from 380 million US$ in 2017.
Target Audience of Potassium Formate Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
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Global Potassium Formate Market: Type Segment Analysis (Consumption Volume, Average Price, Revenue, Market Share and Trend 2013-2025):
Global Potassium Formate Market: Application Segment Analysis (Consumption Volume and Market Share 2013-2025; Downstream Customers and Market Analysis):
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Potassium Formate in these regions, from 2014 to 2024, covering
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
Potassium Formate Market Historic Data (2014-2018):
- Industry Trends: Revenue, Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Potassium Formate Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
Potassium Formate Market Forecast (2019-2024):
- Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
The Potassium Formate market report provides answers to the following key questions:
- What will be the Potassium Formate market size and the growth rate in 2024?
- What are the main key factors driving the global Potassium Formate market?
- What are the key market trends impacting the growth of the global Potassium Formate market?
- Which Trending factors influencing the market shares of the top regions across the globe?
- Who are the key market players and what are their strategies in the global Potassium Formate market?
- What are the market opportunities and threats faced by the vendors in the global Potassium Formate market?
- What industrial trends, drivers and challenges are manipulating its growth?
- What are the key outcomes of the five forces analysis of the global Potassium Formate market?
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