Allied Market Research
Loading...
Cart
0
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Allied Market Research

Potassium Formate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A09249
Pages: NA
Dec 2020 | 70 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Potassium Formate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Request Now !

Potassium Formate Market Analysis 2020-2027:

Potassium formate is a hygroscopic white solid that belongs to potassium salt family formed from formic acid. It is a one-carbon compound that is highly soluble in water and serves as a buffer agent. In the formate potash process, potassium formate is an intermediate to produce potassium. Potassium formate in aqueous form is mainly used in the oil & gas industry that helps to manufacture superior-density and natural-friendly brine. This can be further used as a heat transfer fluid.

Potassium formate is accessible in solid as well as in solution form. Attributed to its environment-friendly nature, is can be used as a deicing salt during construction of roads. Moreover, it can be used during fertilizer manufacturing and other industrial applications. 

Market scope and structure analysis:

  Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Application, Industry Vertical, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Tetra Technologies Inc., ICL, Tomiyama Pure Chemicals Ltd., Gelest Inc., Perstorp Holding AB, Dynalene Inc., Addcon GmbH, Cabot Corporation, Honeywell International, Inc., Evonik Industries

 

COVID-19 scenario analysis

COVID-19 pandemic has severely damaged the economy across the globe along with putting a halt on production process as well as hampering the trade cycle around the world. Therefore, the potassium formate market has also been hampered as companies were not able to meet the demand. Moreover, potassium formate has one of the applications in agricultural products; however, due to the lockdown, this segment has been hampered, which is likely to restraint the potassium formate market as well.

Top impacting factors: Market scenario analysis, trends, and drivers

Potassium formate has been continuously favored over other salts for applications such as drilling and de-icing. This factor has impacted positively on the market growth. Many leading manufacturers are highly focusing on strategic developments, such as partnerships, collaborations, joint ventures, acquisitions, capacity expansion, and product innovation, to improve their position in the international market and take the advantage of opportunities. For instance, a lot of companies are trying to take advantage of the opportunities occurring in the heat transfer fluids sector. Further, SynaTek Solutions launched a variety of airport de-icing solutions in 2017, with BASF’s potassium formate. Evonik also collaborated for potassium formate manufacturing.

The potassium formate market has been categorized into brine (liquid) segment and powder (solid) segment, where potassium brine is a superior-density clear liquid and is significantly used in the form of brine. Potassium formate in solid from is a white crystal clear powder that is hygroscopic in type, but its use is quite narrow compared to liquid form. Therefore, making liquid form of potassium formate is more appealing and creates more opportunities in the market for revenue generation.

Moreover, the growing requirement for efficient de-icing on runways is driving the market in aerospace industry, and this is likely to boost the potassium formate market in the projected time frame. However, decrease in the use of formic acid has been witnessed in the past few years. Moreover, seasonal demand for potassium formate also hinders the market value.

Regional analysis

The global potassium formate market is studied across major four regional markets, including North America, Europe, Asia-Pacific, and LAMEA. Europe is expected to be the largest market over the coming years in response to the rise in construction facilities of oil & gas industry in this region. In addition, huge demand for potassium formate in the oil & gas industry is further expected to complement the growth of this region. North America and Asia-Pacific are also expected to register significant growth due to rise in investments in the oil & gas sector. 

Key segments covered:

Segments

Sub-segments

  Type

  • Solid Potassium Formate
  • Liquid Potassium Formate

  Application

  • Oil Field
  • De-icing Agent
  • Drilling Fluids
  • Heat Transfer Fluids
  • Anti-freeze
  • Agricultural Products
  • Lubricants & Greases
  • Others

  Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Agriculture
  • Healthcare
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global potassium formate market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global potassium formate market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global potassium formate market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the potassium formate market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Potassium Formate Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers