ギ酸カリウム市場 – 2030年までの世界予測

Report Overview

The potassium formate market is estimated at USD 0.77 billion in 2024 and is projected to reach USD 1.07 billion by 2030, at a CAGR of 6.0% from 2024 to 2030. Due to its properties such as high solubility, environmentally friendly nature, and non corrosive chemical compound.

ギ酸カリウム市場は、2024年には7億7,000万米ドルに達すると推定され、2024年から2030年にかけて6.0%のCAGRで成長し、2030年には10億7,000万米ドルに達すると予測されています。これは、高い溶解性、環境に優しい性質、非腐食性の化合物などの特性によるものです。

One of the key drivers for liquid/brine form potassium formate dominance is its extensive use in the oil & gas industry as a low-corrosive, high-density drilling and completion fluid, particularly in high-pressure, high-temperature (HPHT) wells and offshore drilling. Leading energy players in North America, Norway, and Russia are adopting potassium formate brines due to increasing environmental regulations and the need for efficient wellbore stability solutions. The worldwide move to sustainable deicing products has driven the use of liquid potassium formate-based deicers, predominantly in Europe and North America, where municipalities and governments are phasing out chloride-based deicers.

液体／ブライン型のギ酸カリウムが主流となっている主な要因の一つは、石油・ガス産業において、低腐食性で高密度の掘削・仕上げ流体として、特に高圧高温（HPHT）井や海洋掘削において広く使用されていることです。北米、ノルウェー、ロシアの大手エネルギー企業は、環境規制の強化と効率的な坑井安定性ソリューションの必要性から、ギ酸カリウムブラインを採用しています。持続可能な除氷製品への世界的な移行により、液体ギ酸カリウムベースの除氷剤の使用が促進され、特に欧州と北米では自治体や政府が塩化物ベースの除氷剤を段階的に廃止しています。

‘‘In terms of value, fertilizer additives application accounted for the third largest share of the overall potassium formate market.’’

Fertilizer additives application is projected to be the third largest market share holding application in the potassium formate market. The growing use as a alternative of low-chloride fertilizer in agriculture and historical potassium-based fertilizers, e.g., potassium chloride (KCl), cause soil salinization and long-term degradation, driving farmers and regulatory agencies toward low-salinity substitutes like potassium formate. The European Union Farm to Fork Strategy, together with stringent fertilizer regulations in North America and Asia Pacific region has driven the demand for environmentally friendly soil amendments. Potassium formate offers potassium nutrition without causing soil compaction and salt accumulation, thus being best suited for delicate crops like fruit, vegetables, and high-quality cereals. Its solubility is also high, which makes it easy to incorporate in liquid fertilizers and foliar sprays that enhance nutrient uptake and yields. As the world continues to develop interest in organic farming and sustainable agriculture, potassium formate is increasingly becoming the go-to option for controlled-release fertilizers and precision agriculture.

“During the forecast period, the potassium formate market in agriculture end use industry is projected to have third highest market share.”

During the forecast period from 2024 to 2029, the agriculture end use industry is expected to have the third highest market share in end-use industry in the potassium formate market. The demand for potassium formate is rising in agriculture end use industry because unlike the conventional potassium fertilizers like potassium chloride (KCl) that cause soil salinity and nutrient leaching, potassium formate offers crucial potassium nutrition without building up salt levels, making it a suitable choice for sensitive horticultural crops like vegetables, fruits, pulses, and cereals. With the worldwide emphasis on sustainable agriculture, organizations like the European Union (EU) under the Farm to Fork Strategy and the United States. Department of Agriculture (USDA) are promoting the use of organic fertilizers, again stimulating demand.

“During the forecast period, the potassium formate market in Asia Pacific region is projected to be the third fastest growing region.”

Asia Pacific is the fastest growing market for potassium formate because of its strong demand from oil & gas, agriculture & food & beverage end use industries, which is a driving factor for potassium formate. The region is dominated by large agricultural product manufacturers, IFFCO (Indian Farmers Fertiliser Cooperative Limited), Sinofert Holdings Limited, UPL Limited, which have comprehensive use of potassium formate in various applications. Asia Pacific region has major countries such as India, China which has highest population in the world, and which will tend to increase the demand for agricultural needs. Second, Asia Pacific region is home to various potassium formate manufacturers such as Hangzhou Focus Chemical Co., Ltd., Krishna Chemicals, and others.

This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:

• By Company Type- Tier 1- 60%, Tier 2- 20%, and Tier 3- 20%
• By Designation- C Level- 33%, Director Level- 33%, and Managers- 34%
• By Region- North America- 20%, Europe- 25%, Asia Pacific- 25%, Middle East & Africa- 15%, and Latin America- 15%

The report provides a comprehensive analysis of company profiles:

Prominent companies Perstorp Holding AB (Sweden), Clariant (Switzerland), Thermo Fisher Scientific Inc (US), Eastman Chemical Company (US), Tetra Technologies Inc (US), ADDCON GmbH (Germany), Dynalene, Inc (US), Hawkins (US), American Elements (US), Hangzhou Focus Chemical Co., Ltd. (China), Xinjiang Guolin New Materials Co., Ltd (China), Esseco UK (UK), Nachurs Alpine Solutions (US), SLB (US), Shouguang Hengtong Chemical Co., Ltd., (China), Global Drilling Fluids And Chemicals Limited (India), Chongqing Chuandong Chemical (Group) Co., Ltd. (China), Shandong Acid Technology Co., Ltd (China), Proviron (Belgium), Tomiyama Pure Chemical Industries, Ltd. (Japan), Dongying Shuntong Chemical (Group) Co., Ltd. (China), West Bengal Chemical Industries Limited (India), ProChem, Inc. (US), Geocon Products (India), Krishna Chemicals (India).

Research Coverage

This research report categorizes the potassium formate market By Form (Liquid/Brine, Powder), By Application (Deicing Agent, Drilling & Completion Fluid, Heat Transfer Fluids, Fertilizer Additives, Preservatives, and Other Applications), End-Use Industry (Construction, Oil & Gas, Agriculture, Industrial, Food & Beverage, and Other End-use Industries), Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The scope of the report includes detailed information about the major factors influencing the growth of the potassium formate market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. Product launches, mergers and acquisitions, and recent developments in the potassium formate market are all covered. This report includes a competitive analysis of upcoming startups in the potassium formate market ecosystem.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall potassium formate market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

• Analysis of key drivers (Increasing demand for potassium formate in oil & gas end use industry, rising adoption in deicing application), restraints (High production cost, volatile raw material prices, competition from substitute products), opportunities (Agriculture sector growth, technological advancement in the potassium formate market), and challenges (limited awareness in emerging economies) influencing the growth of the potassium formate market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and service launches in the potassium formate market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the potassium formate market across varied regions.
• Market Diversification: Exhaustive information about services, untapped geographies, recent developments, and investments in the potassium formate market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Perstorp Holding AB (Sweden), Clariant (Switzerland), Thermo Fisher Scientific Inc (US), Eastman Chemical Company (US), Tetra Technologies Inc (US), ADDCON GmbH (Germany), Dynalene, Inc (US), Hawkins (US), American Elements (US), Hangzhou Focus Chemical Co., Ltd. (China), Xinjiang Guolin New Materials Co., Ltd (China), Esseco UK (UK), Nachurs Alpine Solutions (US), SLB (US), Shouguang Hengtong Chemical Co., Ltd., (China), Global Drilling Fluids And Chemicals Limited (India), Chongqing Chuandong Chemical (Group) Co., Ltd. (China), Shandong Acid Technology Co., Ltd (China), Proviron (Belgium), Tomiyama Pure Chemical Industries, Ltd. (Japan), Dongying Shuntong Chemical (Group) Co., Ltd. (China), West Bengal Chemical Industries Limited (India), ProChem, Inc. (US), Geocon Products (India), Krishna Chemicals (India), among others in the potassium formate market.

Table of Contents

1               INTRODUCTION              22

1.1           STUDY OBJECTIVES       22

1.2           MARKET DEFINITION   22

1.3           STUDY SCOPE   23

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      23

1.3.2        INCLUSIONS AND EXCLUSIONS 24

1.3.3        YEARS CONSIDERED      24

1.4           CURRENCY CONSIDERED            25

1.5           UNIT CONSIDERED        25

1.6           STAKEHOLDERS               25

2               RESEARCH METHODOLOGY       26

2.1           RESEARCH DATA              26

2.1.1        SECONDARY DATA          27

2.1.1.1    List of major secondary sources         27

2.1.1.2    Key data from secondary sources       27

2.1.2        PRIMARY DATA 28

2.1.2.1    Key data from primary sources           28

2.1.2.2    Key industry insights           28

2.1.2.3    Breakdown of primary interviews      29

2.2           MARKET SIZE ESTIMATION         29

2.2.1        BOTTOM-UP APPROACH              30

2.2.2        TOP-DOWN APPROACH                30

2.3           DATA TRIANGULATION                31

2.4           RESEARCH ASSUMPTIONS           32

2.5           GROWTH RATE ASSUMPTIONS/FORECAST         32

2.5.1        SUPPLY SIDE     32

2.5.2        DEMAND SIDE  32

2.6           RISK ASSESSMENT           33

2.7           RESEARCH LIMITATIONS             33

3               EXECUTIVE SUMMARY  34

4               PREMIUM INSIGHTS       38

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POTASSIUM FORMATE MARKET                38

4.2           POTASSIUM FORMATE MARKET, BY FORM          38

4.3           POTASSIUM FORMATE MARKET, BY APPLICATION                 39

4.4           POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY           39

4.5           POTASSIUM FORMATE MARKET, BY KEY COUNTRY                 40

5               MARKET OVERVIEW       41

5.1           INTRODUCTION              41

5.2           MARKET DYNAMICS       41

5.2.1        DRIVERS               42

5.2.1.1    High demand in oil & gas industry    42

5.2.1.2    Rising adoption for de-icing applications         42

5.2.2        RESTRAINTS      42

5.2.2.1    High production cost           42

5.2.2.2    Volatile raw material prices 43

5.2.2.3    Competition from substitutes             43

5.2.3        OPPORTUNITIES              44

5.2.3.1    Expanding agriculture industry          44

5.2.3.2    Technological advancements              44

5.2.4        CHALLENGES    44

5.2.4.1    Limited awareness in emerging economies      44

5.3           PORTER’S FIVE FORCES ANALYSIS           45

5.3.1        THREAT OF NEW ENTRANTS      46

5.3.2        THREAT OF SUBSTITUTES          46

5.3.3        BARGAINING POWER OF BUYERS             46

5.3.4        BARGAINING POWER OF SUPPLIERS       46

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 47

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     47

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           47

5.4.2        BUYING CRITERIA           48

5.5           MACROECONOMIC INDICATORS              49

5.5.1        GLOBAL GDP TRENDS  49

5.6           IMPACT OF AI/GEN AI ON POTASSIUM FORMATE MARKET               50

5.7           VALUE CHAIN ANALYSIS               51

5.8           ECOSYSTEM ANALYSIS  52

5.9           CASE STUDY ANALYSIS 53

5.9.1        ENSURING SEAL RESILIENCE: VISCOELASTIC EVALUATION OF ELASTOMERS IN POTASSIUM FORMATE ENVIRONMENTS              53

5.9.2        POTASSIUM FORMATE AS SUSTAINABLE INTERMEDIATE: OVERCOMING BARRIERS IN CO₂ UTILIZATION FOR OXALATE PRODUCTION    54

5.9.3        ASSESSING POTASSIUM FORMATE’S IMPACT ON ALKALI-SILICA REACTION

IN GRANITE AGGREGATE CONCRETE: STUDY ON DE-ICING EFFECTS AND MITIGATION        54

5.10         REGULATORY LANDSCAPE         55

5.10.1      REGULATIONS  55

5.10.1.1  Europe   55

5.10.1.2  Asia Pacific            56

5.10.1.3  North America      56

5.10.2      STANDARDS      57

5.10.2.1  ISO 9001:2015      57

5.10.2.2  ISO 14001:2015    57

5.10.2.3  ISO 45001:2018    57

5.10.3      REGULATORY BODIES, GOVERNMENT BODIES, AND OTHER AGENCIES           57

5.11         TECHNOLOGY ANALYSIS             58

5.11.1      KEY TECHNOLOGIES     58

5.11.1.1  Electrochemical CO2 reduction in potassium formate   58

5.11.1.2  Catalytic transfer hydrogenation        58

5.11.2      COMPLEMENTARY TECHNOLOGIES       59

5.11.2.1  Dynamic mechanical analysis for material compatibility                 59

5.11.2.2  Hybrid cooling systems       59

5.11.3      ADJACENT TECHNOLOGIES       59

5.11.3.1  Cryo-electron microscopy for catalyst design  59

5.11.3.2  Nanozyme-assisted processing           60

5.12         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.13         TRADE ANALYSIS             61

5.13.1      EXPORT SCENARIO (HS CODE 283421)    61

5.13.2      IMPORT SCENARIO (HS CODE 283421)    62

5.14         KEY CONFERENCES AND EVENTS, 2025–2026        63

5.15         PRICING ANALYSIS          64

5.15.1      AVERAGE SELLING PRICE TREND, BY REGION, 2021–2030                 64

5.15.2      AVERAGE SELLING PRICE TREND, BY END-USE INDUSTRY, 2022–2030      65

5.15.3      AVERAGE SELLING PRICE TREND OF KEY PLAYERS,

BY END-USE INDUSTRY, 2024      65

5.16         INVESTMENT AND FUNDING SCENARIO               66

5.17         PATENT ANALYSIS          66

5.17.1      APPROACH         67

5.17.2      DOCUMENT TYPES         67

5.17.3      PUBLICATION TRENDS 68

5.17.4      INSIGHTS            68

5.17.5      LEGAL STATUS OF PATENTS      68

5.17.6      JURISDICTION ANALYSIS              69

5.17.7      TOP COMPANIES/APPLICANTS 69

5.17.8      TOP 10 PATENT OWNERS (US)   70

6               FORMATE MARKET, BY FORM    71

6.1           INTRODUCTION              72

6.2           LIQUID/BRINE  73

6.2.1        RISING PRODUCTION OF HIGHLY UNIFORM BRINES TO DRIVE DEMAND               73

6.3           POWDER              74

6.3.1        INCREASING DEMAND FOR ECO-FRIENDLY DE-ICING AGENTS, EFFICIENT DRILLING FLUIDS, AND SPECIALTY CHEMICALS TO FUEL DEMAND 74

7               POTASSIUM FORMATE MARKET, BY APPLICATION                 76

7.1           INTRODUCTION              77

7.2           DE-ICING AGENTS           79

7.2.1        INCREASING DEMAND FOR DE-ICING APPLICATIONS DRIVEN BY UNIQUE PROPERTIES OF POTASSIUM FORMATE TO FUEL MARKET GROWTH               79

7.3           DRILLING & COMPLETION FLUIDS          79

7.3.1        RISING NEED FOR POTASSIUM FORMATE IN OIL & GAS INDUSTRY FOR DRILLING APPLICATIONS TO DRIVE MARKET                 79

7.4           FERTILIZER ADDITIVES 80

7.4.1        GROWING REQUIREMENT FOR POTASSIUM FORMATE DUE TO HIGH POTASSIUM CONTENT TO DRIVE DEMAND                 80

7.5           HEAT TRANSFER FLUIDS              80

7.5.1        HIGH THERMAL CONDUCTIVITY, LOW VISCOSITY, AND EXCELLENT FREEZE PROTECTION PROPERTIES TO PROPEL DEMAND             80

7.6           PRESERVATIVES               81

7.6.1        ANTIMICROBIAL PROPERTIES OF POTASSIUM FORMATE TO FUEL DEMAND    81

7.7           OTHER APPLICATIONS 81

8               POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY           82

8.1           INTRODUCTION              83

8.2           CONSTRUCTION              85

8.2.1        RISING DEMAND FOR POTASSIUM FORMATE-BASED CONCRETE ADMIXTURES AND DE-ICING SOLUTIONS TO DRIVE MARKET               85

8.3           OIL & GAS            86

8.3.1        HIGH-DENSITY AND LOW-VISCOSITY BRINE TO DRIVE DEMAND             86

8.4           AGRICULTURE  86

8.4.1        RISING USE AS FERTILIZER ADDITIVE AND SOIL AMENDMENT

TO PROPEL MARKET      86

8.5           INDUSTRIAL      87

8.5.1        VERSATILE CHEMICAL PROPERTIES, HIGH SOLUBILITY, AND

ECO-FRIENDLY NATURE TO FUEL DEMAND       87

8.6           FOOD & BEVERAGE        87

8.6.1        USE OF POTASSIUM FORMATE AS PRESERVATIVE AND PH REGULATOR

TO DRIVE MARKET         87

8.7           OTHER END-USE INDUSTRIES   87

9               POTASSIUM FORMATE MARKET, BY REGION      88

9.1           INTRODUCTION              89

9.2           NORTH AMERICA             94

9.2.1        US           100

9.2.1.1    Growing oil & gas industry to drive market      100

9.2.2        CANADA               102

9.2.2.1    Increasing demand for potassium formate as de-icing agent to

propel market        102

9.2.3        MEXICO                104

9.2.3.1    Increased domestic energy production to drive demand                 104

9.3           EUROPE               105

9.3.1        GERMANY           111

9.3.1.1    Rising municipal and aviation de-icing requirements to drive demand  111

9.3.2        FRANCE                113

9.3.2.1    Growing use of potassium formate in various industries to

boost market          113

9.3.3        SPAIN    115

9.3.3.1    Rising demand in agriculture and industrial sectors to fuel

market growth       115

9.3.4        UK          117

9.3.4.1    Increasing requirements from construction industry to propel market    117

9.3.5        ITALY    118

9.3.5.1    Ongoing government-led incentives to enhance building sustainability and digitalization to boost demand            118

9.3.6        REST OF EUROPE             120

9.4           ASIA PACIFIC     122

9.4.1        CHINA  127

9.4.1.1    High requirement for potassium formate in various end-use industries to drive demand 127

9.4.2        JAPAN   129

9.4.2.1    Rising use in construction industry to drive market        129

9.4.3        INDIA    131

9.4.3.1    High investments in agriculture and oil & gas industries

to drive demand    131

9.4.4        SOUTH KOREA  132

9.4.4.1    Strategic focus on agriculture and industrial sectors to drive market    132

9.4.5        REST OF ASIA PACIFIC   134

9.5           MIDDLE EAST & AFRICA                136

9.5.1        GCC COUNTRIES              141

9.5.1.1    Saudi Arabia          141

9.5.1.1.1 Growing commitment to sustainability and environmental management to fuel market growth   141

9.5.1.2    Rest of GCC countries         143

9.5.2        SOUTH AFRICA 144

9.5.2.1    Increasing use in industrial and agriculture sectors to drive market    144

9.5.3        REST OF MIDDLE EAST & AFRICA             146

9.6           SOUTH AMERICA             148

9.6.1        BRAZIL 152

9.6.1.1    Increased investments in oil & gas industry to drive market                 152

9.6.2        ARGENTINA       154

9.6.2.1    Expanding oil & gas industry to propel market                154

9.6.3        REST OF SOUTH AMERICA           156

10            COMPETITIVE LANDSCAPE         158

10.1         OVERVIEW          158

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            158

10.3         REVENUE ANALYSIS       160

10.4         MARKET SHARE ANALYSIS           161

10.5         COMPANY VALUATION AND FINANCIAL METRICS                 164

10.6         BRAND/PRODUCT COMPARISON ANALYSIS        165

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 167

10.7.1      STARS   167

10.7.2      EMERGING LEADERS     167

10.7.3      PERVASIVE PLAYERS      167

10.7.4      PARTICIPANTS 167

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         169

10.7.5.1  Company footprint               169

10.7.5.2  Region footprint   170

10.7.5.3  Form footprint      171

10.7.5.4  Application footprint            172

10.7.5.5  End-use industry footprint 173

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        174

10.8.1      PROGRESSIVE COMPANIES         174

10.8.2      RESPONSIVE COMPANIES            174

10.8.3      DYNAMIC COMPANIES  174

10.8.4      STARTING BLOCKS         174

10.8.5      COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023        176

10.8.5.1  Detailed list of key startups/SMEs    176

10.8.5.2  Competitive benchmarking of key startups/SMEs          177

10.9         COMPETITIVE SCENARIO             178

10.9.1      EXPANSIONS     178

10.9.2      DEALS  179

11            COMPANY PROFILES      180

11.1         KEY PLAYERS     180

11.1.1      PERSTORP HOLDING AB (PETRONAS CHEMICALS GROUP)                180

11.1.1.1  Business overview 180

11.1.1.2  Products/Solutions/Services offered 180

11.1.1.3  Recent developments           181

11.1.1.3.1                Deals      181

11.1.1.3.2                Others    181

11.1.1.4  MnM view              182

11.1.1.4.1                Key strengths/Right to win 182

11.1.1.4.2                Strategic choices   182

11.1.1.4.3                Weaknesses/Competitive threats       182

11.1.2      CLARIANT           183

11.1.2.1  Business overview 183

11.1.2.2  Products/Solutions/Services offered 184

11.1.2.3  Recent developments           185

11.1.2.3.1                Deals      185

11.1.2.4  MnM view              185

11.1.2.4.1                Key strengths/Right to win 185

11.1.2.4.2                Strategic choices   186

11.1.2.4.3                Weaknesses/Competitive threats       186

11.1.3      EASTMAN CHEMICAL COMPANY              187

11.1.3.1  Business overview 187

11.1.3.2  Products/Solutions/Services offered 188

11.1.3.3  Recent developments           189

11.1.3.3.1                Expansions             189

11.1.3.4  MnM view              189

11.1.3.4.1                Key strengths/Right to win 189

11.1.3.4.2                Strategic choices   190

11.1.3.4.3                Weaknesses/Competitive threats       190

11.1.4      TETRA TECHNOLOGIES, INC.     191

11.1.4.1  Business overview 191

11.1.4.2  Products/Solutions/Services offered 192

11.1.4.3  MnM view              193

11.1.4.3.1                Key strengths/Right to win 193

11.1.4.3.2                Strategic choices   193

11.1.4.3.3                Weaknesses/Competitive threats       193

11.1.5      ADDCON GMBH                194

11.1.5.1  Business overview 194

11.1.5.2  Products/Solutions/Services offered 194

11.1.5.3  MnM view              195

11.1.5.3.1                Key strengths/Right to win 195

11.1.5.3.2                Strategic choices   195

11.1.5.3.3                Weaknesses/Competitive threats       196

11.1.6      SLB (SCHLUMBERGER) 197

11.1.6.1  Business overview 197

11.1.6.2  Products/Solutions/Services offered 198

11.1.6.3  MnM view              199

11.1.7      HAWKINS             200

11.1.7.1  Business overview 200

11.1.7.2  Products/Solutions/Services offered 201

11.1.7.3  Recent developments           201

11.1.7.3.1                Deals      201

11.1.7.4  MnM view              201

11.1.8      HANGZHOU FOCUS CHEMICAL CO., LTD.            202

11.1.8.1  Business overview 202

11.1.8.2  Products/Solutions/Services offered 202

11.1.8.3  MnM view              202

11.1.9      ESSECO UK         203

11.1.9.1  Business overview 203

11.1.9.2  Products/Solutions/Services offered 203

11.1.9.3  MnM view              204

11.1.10   DYNALENE, INC.               205

11.1.10.1                 Business overview 205

11.1.10.2                 Products/Solutions/Services offered 205

11.1.10.3                 MnM view              206

11.2         OTHER PLAYERS              207

11.2.1      XINJIANG GUOLIN NEW MATERIALS CO., LTD   207

11.2.2      ATAMAN KIMYA                208

11.2.3      AMERICAN ELEMENTS  209

11.2.4      NACHURS ALPINE SOLUTIONS  210

11.2.5      SHOUGUANG HENGTONG CHEMICAL CO., LTD.                 211

11.2.6      GLOBAL DRILLING FLUIDS & CHEMICALS LIMITED                 212

11.2.7      CHONGQING CHUANDONG CHEMICAL (GROUP) CO., LTD.      213

11.2.8      SHANDONG ACID TECHNOLOGY CO., LTD.        214

11.2.9      PROVIRON          215

11.2.10   TOMIYAMA PURE CHEMICAL INDUSTRIES, LTD.                 216

11.2.11   DONGYING SHUNTONG CHEMICAL (GROUP) CO., LTD.                 217

11.2.12   WEST BENGAL CHEMICAL INDUSTRIES LIMITED                 218

11.2.13   PROCHEM, INC.                 219

11.2.14   GEOCON PRODUCTS     219

11.2.15   KRISHNA CHEMICALS    220

12            APPENDIX           221

12.1         DISCUSSION GUIDE        221

12.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                224

12.3         CUSTOMIZATION OPTIONS        226

12.4         RELATED REPORTS         226

12.5         AUTHOR DETAILS           227

LIST OF TABLES

TABLE 1                POTASSIUM FORMATE MARKET: INCLUSIONS AND EXCLUSIONS           24

TABLE 2                ADVANTAGES AND DISADVANTAGES ASSOCIATED WITH ALTERNATIVES

TO POTASSIUM FORMATE           43

TABLE 3                POTASSIUM FORMATE MARKET: PORTER’S FIVE FORCES ANALYSIS           45

TABLE 4                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%)   48

TABLE 5                KEY BUYING CRITERIA, BY END-USE INDUSTRY                 48

TABLE 6                PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF

KEY COUNTRIES, 2021–2029 (%) 49

TABLE 7                ROLES OF COMPANIES IN POTASSIUM FORMATE ECOSYSTEM 53

TABLE 8                NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  57

TABLE 9                EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  57

TABLE 10              POTASSIUM FORMATE MARKET: LIST OF KEY CONFERENCES AND

EVENTS, 2025–2026           63

TABLE 11              INDICATIVE PRICING ANALYSIS OF POTASSIUM FORMATE OFFERED

BY KEY PLAYERS, BY END-USE INDUSTRY, 2024 (USD/KG)                 66

TABLE 12              TOTAL PATENT COUNT, 2014–2024          67

TABLE 13              TOP 10 PATENT OWNERS, 2014–2024        70

TABLE 14              POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (USD MILLION)            72

TABLE 15              POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (USD MILLION)            73

TABLE 16              POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (KT)   73

TABLE 17              POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (KT)   73

TABLE 18              POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              77

TABLE 19              POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              78

TABLE 20              POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    78

TABLE 21              POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    78

TABLE 22              POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            84

TABLE 23              POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            84

TABLE 24              POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY, 2021–2024 (KT)           84

TABLE 25              POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY, 2025–2030 (KT)           85

TABLE 26              POTASSIUM FORMATE MARKET, BY REGION, 2021–2024 (USD MILLION)            89

TABLE 27              POTASSIUM FORMATE MARKET, BY REGION, 2025–2030 (USD MILLION)            90

TABLE 28              POTASSIUM FORMATE MARKET, BY REGION, 2021–2024 (KT)   90

TABLE 29              POTASSIUM FORMATE MARKET, BY REGION, 2025–2030 (KT)   90

TABLE 30              POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (USD MILLION)            90

TABLE 31              POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (USD MILLION)            91

TABLE 32              POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (KT)   91

TABLE 33              POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (KT)   91

TABLE 34              POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              91

TABLE 35              POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              92

TABLE 36              POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    92

TABLE 37              POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    92

TABLE 38              POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            93

TABLE 39              POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            93

TABLE 40              POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY, 2021–2024 (KT)           93

TABLE 41              POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY, 2025–2030 (KT)           94

TABLE 42              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            95

TABLE 43              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            95

TABLE 44              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY COUNTRY, 2021–2024 (KT) 96

TABLE 45              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY COUNTRY, 2025–2030 (KT) 96

TABLE 46              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY FORM,

2021–2024 (USD MILLION)            96

TABLE 47              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY FORM,

2025–2030 (USD MILLION)            96

TABLE 48              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (KT)          96

TABLE 49              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (KT)          97

TABLE 50              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            97

TABLE 51              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            97

TABLE 52              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (KT)   98

TABLE 53              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (KT)   98

TABLE 54              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            98

TABLE 55              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            99

TABLE 56              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (KT)   99

TABLE 57              NORTH AMERICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (KT)   99

TABLE 58              US: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              100

TABLE 59              US: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              101

TABLE 60              US: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    101

TABLE 61              US: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    101

TABLE 62              CANADA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            102

TABLE 63              CANADA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            103

TABLE 64              CANADA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    103

TABLE 65              CANADA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    103

TABLE 66              MEXICO: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            104

TABLE 67              MEXICO: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            104

TABLE 68              MEXICO: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    105

TABLE 69              MEXICO: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    105

TABLE 70              EUROPE: POTASSIUM FORMATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            106

TABLE 71              EUROPE: POTASSIUM FORMATE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            107

TABLE 72              EUROPE: POTASSIUM FORMATE MARKET, BY COUNTRY, 2021–2024 (KT)            107

TABLE 73              EUROPE: POTASSIUM FORMATE MARKET, BY COUNTRY, 2025–2030 (KT)            107

TABLE 74              EUROPE: POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (USD MILLION)              108

TABLE 75              EUROPE: POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (USD MILLION)              108

TABLE 76              EUROPE: POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (KT)    108

TABLE 77              EUROPE: POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (KT)    108

TABLE 78              EUROPE: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            109

TABLE 79              EUROPE: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            109

TABLE 80              EUROPE: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    109

TABLE 81              EUROPE: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    110

TABLE 82              EUROPE: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            110

TABLE 83              EUROPE: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            110

TABLE 84              EUROPE: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (KT)   111

TABLE 85              EUROPE: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (KT)   111

TABLE 86              GERMANY: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            112

TABLE 87              GERMANY: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            112

TABLE 88              GERMANY: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    113

TABLE 89              GERMANY: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    113

TABLE 90              FRANCE: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            114

TABLE 91              FRANCE: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            114

TABLE 92              FRANCE: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    114

TABLE 93              FRANCE: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    115

TABLE 94              SPAIN: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            115

TABLE 95              SPAIN: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            116

TABLE 96              SPAIN: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    116

TABLE 97              SPAIN: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    116

TABLE 98              UK: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)              117

TABLE 99              UK: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              117

TABLE 100            UK: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    118

TABLE 101            UK: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    118

TABLE 102            ITALY: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            119

TABLE 103            ITALY: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            119

TABLE 104            ITALY: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    119

TABLE 105            ITALY: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    120

TABLE 106            REST OF EUROPE: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            120

TABLE 107            REST OF EUROPE: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            121

TABLE 108            REST OF EUROPE: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (KT)   121

TABLE 109            REST OF EUROPE: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (KT)   121

TABLE 110            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            123

TABLE 111            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            123

TABLE 112            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY COUNTRY, 2021–2024 (KT)     123

TABLE 113            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY COUNTRY, 2025–2030 (KT)     124

TABLE 114            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY FORM,

2021–2024 (USD MILLION)            124

TABLE 115            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY FORM,

2025–2030 (USD MILLION)            124

TABLE 116            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (KT)              124

TABLE 117            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (KT)              124

TABLE 118            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            125

TABLE 119            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            125

TABLE 120            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)              125

TABLE 121            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)              126

TABLE 122            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            126

TABLE 123            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            126

TABLE 124            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (KT)   127

TABLE 125            ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (KT)   127

TABLE 126            CHINA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            128

TABLE 127            CHINA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            128

TABLE 128            CHINA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    128

TABLE 129            CHINA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    129

TABLE 130            JAPAN: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            129

TABLE 131            JAPAN: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            130

TABLE 132            JAPAN: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    130

TABLE 133            JAPAN: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    130

TABLE 134            INDIA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            131

TABLE 135            INDIA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            131

TABLE 136            INDIA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    132

TABLE 137            INDIA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    132

TABLE 138          SOUTH KOREA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            133

TABLE 139          SOUTH KOREA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            133

TABLE 140          SOUTH KOREA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)              133

TABLE 141          SOUTH KOREA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)              134

TABLE 142            REST OF ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            134

TABLE 143            REST OF ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            135

TABLE 144            REST OF ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (KT)   135

TABLE 145            REST OF ASIA PACIFIC: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (KT)   135

TABLE 146            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            136

TABLE 147            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            136

TABLE 148            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY COUNTRY,

2021–2024 (KT)   137

TABLE 149            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY COUNTRY,

2025–2030 (KT)   137

TABLE 150            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY FORM,

2021–2024 (USD MILLION)            137

TABLE 151            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY FORM,

2025–2030 (USD MILLION)            137

TABLE 152            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY FORM,

2021–2024 (KT)   138

TABLE 153            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY FORM,

2025–2030 (KT)   138

TABLE 154            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            138

TABLE 155            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            138

TABLE 156            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (KT)   139

TABLE 157            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (KT)   139

TABLE 158            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION)                 139

TABLE 159            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)                 140

TABLE 160            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY, 2021–2024 (KT)             140

TABLE 161            MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY, 2025–2030 (KT)             140

TABLE 162            SAUDI ARABIA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            141

TABLE 163            SAUDI ARABIA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            142

TABLE 164            SAUDI ARABIA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)              142

TABLE 165            SAUDI ARABIA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)              142

TABLE 166            REST OF GCC COUNTRIES: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            143

TABLE 167            REST OF GCC COUNTRIES: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            143

TABLE 168            REST OF GCC COUNTRIES: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    144

TABLE 169            REST OF GCC COUNTRIES: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    144

TABLE 170            SOUTH AFRICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            145

TABLE 171            SOUTH AFRICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            145

TABLE 172            SOUTH AFRICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (KT)   145

TABLE 173            SOUTH AFRICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (KT)   146

TABLE 174            REST OF MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET,

BY APPLICATION, 2021–2024 (USD MILLION)       146

TABLE 175            REST OF MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET,

BY APPLICATION, 2025–2030 (USD MILLION)       147

TABLE 176            REST OF MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET,

BY APPLICATION, 2021–2024 (KT)              147

TABLE 177            REST OF MIDDLE EAST & AFRICA: POTASSIUM FORMATE MARKET,

BY APPLICATION, 2025–2030 (KT)              147

TABLE 178            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            148

TABLE 179            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            148

TABLE 180            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY COUNTRY, 2021–2024 (KT) 148

TABLE 181            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY COUNTRY, 2025–2030 (KT) 149

TABLE 182            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY FORM,

2021–2024 (USD MILLION)            149

TABLE 183            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY FORM,

2025–2030 (USD MILLION)            149

TABLE 184            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY FORM, 2021–2024 (KT)          149

TABLE 185            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY FORM, 2025–2030 (KT)          149

TABLE 186            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            150

TABLE 187            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            150

TABLE 188            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (KT)   150

TABLE 189            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (KT)   151

TABLE 190            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (USD MILLION)            151

TABLE 191            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            151

TABLE 192            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2021–2024 (KT)   152

TABLE 193            SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY END-USE INDUSTRY,

2025–2030 (KT)   152

TABLE 194            BRAZIL: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            153

TABLE 195            BRAZIL: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            153

TABLE 196            BRAZIL: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    153

TABLE 197            BRAZIL: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    154

TABLE 198            ARGENTINA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2021–2024 (USD MILLION)            154

TABLE 199            ARGENTINA: POTASSIUM FORMATE MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            155

TABLE 200            ARGENTINA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)              155

TABLE 201            ARGENTINA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)              155

TABLE 202            REST OF SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            156

TABLE 203            REST OF SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            156

TABLE 204            REST OF SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2021–2024 (KT)    157

TABLE 205            REST OF SOUTH AMERICA: POTASSIUM FORMATE MARKET, BY APPLICATION, 2025–2030 (KT)    157

TABLE 206            POTASSIUM FORMATE MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS BETWEEN 2020 AND 2024            159

TABLE 207            POTASSIUM FORMATE MARKET: DEGREE OF COMPETITION, 2023       162

TABLE 208            POTASSIUM FORMATE MARKET: REGION FOOTPRINT       170

TABLE 209            POTASSIUM FORMATE MARKET: FORM FOOTPRINT       171

TABLE 210            POTASSIUM FORMATE MARKET: APPLICATION FOOTPRINT       172

TABLE 211            POTASSIUM FORMATE MARKET: END-USE INDUSTRY FOOTPRINT 173

TABLE 212            POTASSIUM FORMATE MARKET: DETAILED LIST OF KEY STARTUPS/SMES   176

TABLE 213            POTASSIUM FORMATE MARKET: COMPETITIVE BENCHMARKING

OF STARTUPS/SMES       177

TABLE 214            POTASSIUM FORMATE MARKET: EXPANSIONS, JANUARY 2020–APRIL 2024            178

TABLE 215            POTASSIUM FORMATE MARKET: DEALS, JANUARY 2020–APRIL 2024            179

TABLE 216            PERSTORP HOLDING AB: COMPANY OVERVIEW                 180

TABLE 217            PERSTORP HOLDING AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED    180

TABLE 218            PERSTORP HOLDING AB: DEALS               181

TABLE 219            PERSTORP HOLDING AB: OTHERS           181

TABLE 220            CLARIANT: COMPANY OVERVIEW            183

TABLE 221            CLARIANT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             184

TABLE 222            CLARIANT: DEALS           185

TABLE 223            EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW          187

TABLE 224            EASTMAN CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    188

TABLE 225            EASTMAN CHEMICAL COMPANY: EXPANSIONS                 189

TABLE 226            TETRA TECHNOLOGIES, INC.: COMPANY OVERVIEW          191

TABLE 227            TETRA TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    192

TABLE 228            ADDCON GMBH: COMPANY OVERVIEW                 194

TABLE 229            ADDCON GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    194

TABLE 230            SLB (SCHLUMBERGER): COMPANY OVERVIEW                 197

TABLE 231            SLB (SCHLUMBERGER): PRODUCTS/SOLUTIONS/SERVICES OFFERED    198

TABLE 232            HAWKINS: COMPANY OVERVIEW             200

TABLE 233            HAWKINS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             201

TABLE 234            HAWKINS: DEALS             201

TABLE 235            HANGZHOU FOCUS CHEMICAL CO., LTD.: COMPANY OVERVIEW   202

TABLE 236            HANGZHOU FOCUS CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        202

TABLE 237            ESSECO UK: COMPANY OVERVIEW          203

TABLE 238            ESSECO UK: PRODUCTS/SOLUTIONS/SERVICES OFFERED             203

TABLE 239            DYNALENE, INC.: COMPANY OVERVIEW                 205

TABLE 240            DYNALENE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    205

TABLE 241            XINJIANG GUOLIN NEW MATERIALS CO., LTD: COMPANY OVERVIEW   207

TABLE 242            ATAMAN KIMYA: COMPANY OVERVIEW                 208

TABLE 243            AMERICAN ELEMENTS: COMPANY OVERVIEW                 209

TABLE 244            NACHURS ALPINE SOLUTIONS: COMPANY OVERVIEW          210

TABLE 245            SHOUGUANG HENGTONG CHEMICAL CO., LTD.: COMPANY OVERVIEW       211

TABLE 246            GLOBAL DRILLING FLUIDS & CHEMICALS LIMITED: COMPANY OVERVIEW               212

TABLE 247            CHONGQING CHUANDONG CHEMICAL (GROUP) CO., LTD.: COMPANY OVERVIEW          213

TABLE 248            SHANDONG ACID TECHNOLOGY CO., LTD.: COMPANY OVERVIEW   214

TABLE 249            PROVIRON: COMPANY OVERVIEW           215

TABLE 250            TOMIYAMA PURE CHEMICAL INDUSTRIES, LTD.: COMPANY OVERVIEW       216

TABLE 251            DONGYING SHUNTONG CHEMICAL (GROUP) CO., LTD.: COMPANY OVERVIEW              217

TABLE 252            WEST BENGAL CHEMICAL INDUSTRIES LIMITED: COMPANY OVERVIEW               218

TABLE 253            PROCHEM, INC.: COMPANY OVERVIEW 219

TABLE 254            GEOCON PRODUCTS: COMPANY OVERVIEW                 219

TABLE 255            KRISHNA CHEMICALS: COMPANY OVERVIEW                 220

LIST OF FIGURES

FIGURE 1              POTASSIUM FORMATE MARKET: SEGMENTATION AND REGIONAL SCOPE              23

FIGURE 2              POTASSIUM FORMATE MARKET: RESEARCH DESIGN                26

FIGURE 3              POTASSIUM FORMATE MARKET: BOTTOM-UP APPROACH         30

FIGURE 4              POTASSIUM FORMATE MARKET: TOP-DOWN APPROACH         30

FIGURE 5              POTASSIUM FORMATE MARKET: DATA TRIANGULATION             31

FIGURE 6              LIQUID/BRINE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD          35

FIGURE 7              DRILLING & COMPLETION FLUIDS SEGMENT TO HOLD LARGEST MARKET

SHARE IN 2030   35

FIGURE 8              INDUSTRIAL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD          36

FIGURE 9              ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       37

FIGURE 10            INCREASING GLOBAL EMPHASIS ON SUSTAINABLE AND ECO-FRIENDLY SOLUTIONS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS     38

FIGURE 11            LIQUID/BRINE SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD          38

FIGURE 12            DRILLING & COMPLETION FLUIDS SEGMENT TO HOLD LARGEST SHARE

OF POTASSIUM FORMATE MARKET IN 2030         39

FIGURE 13            INDUSTRIAL SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD          39

FIGURE 14            CHINA AND SAUDI ARABIA TO EXHIBIT HIGHEST CAGRS DURING FORECAST PERIOD   40

FIGURE 15            POTASSIUM FORMATE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          41

FIGURE 16            POTASSIUM FORMATE MARKET: PORTER’S FIVE FORCES ANALYSIS           45

FIGURE 17            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY            47

FIGURE 18            KEY BUYING CRITERIA, BY END-USE INDUSTRY                 48

FIGURE 19            POTASSIUM FORMATE MARKET: VALUE CHAIN ANALYSIS            51

FIGURE 20            POTASSIUM FORMATE MARKET: ECOSYSTEM ANALYSIS            52

FIGURE 21            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   60

FIGURE 22            EXPORT DATA RELATED TO HS CODE 283421-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         61

FIGURE 23            IMPORT DATA RELATED TO HS CODE 283421-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         62

FIGURE 24            AVERAGE SELLING PRICE TREND OF POTASSIUM FORMATE, BY REGION,

2021–2030 (USD/KG)        64

FIGURE 25            AVERAGE SELLING PRICE TREND OF POTASSIUM FORMATE, BY END-USE INDUSTRY, 2022–2030 (USD/KG)            65

FIGURE 26            AVERAGE SELLING PRICE TREND OF POTASSIUM FORMATE OFFERED

BY KEY PLAYERS, BY END-USE INDUSTRY, 2024 (USD/KG)                 65

FIGURE 27            POTASSIUM FORMATE MARKET: INVESTMENT AND FUNDING

SCENARIO, 2019–2023 (USD MILLION)     66

FIGURE 28            TOTAL NUMBER OF PATENTS, 2014–2024                 67

FIGURE 29            NUMBER OF PATENTS YEAR-WISE, 2014–2024                 68

FIGURE 30            PATENT ANALYSIS, BY LEGAL STATUS, 2014–2024        68

FIGURE 31            TOP JURISDICTION, BY DOCUMENT, 2014–2024                 69

FIGURE 32            TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF

PATENTS, 2014–2024        69

FIGURE 33            LIQUID/BRINE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2025               72

FIGURE 34            DRILLING & COMPLETION FLUIDS SEGMENT TO ACCOUNT FOR LARGEST

MARKET SHARE IN 2025 77

FIGURE 35            OIL & GAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2025             83

FIGURE 36            CHINA AND SAUDI ARABIA TO REGISTER HIGHEST CAGRS DURING

FORECAST PERIOD         89

FIGURE 37            NORTH AMERICA: POTASSIUM FORMATE MARKET SNAPSHOT       95

FIGURE 38            EUROPE: POTASSIUM FORMATE MARKET SNAPSHOT          106

FIGURE 39            ASIA PACIFIC: POTASSIUM FORMATE MARKET SNAPSHOT          122

FIGURE 40            POTASSIUM FORMATE MARKET: REVENUE ANALYSIS OF KEY COMPANIES,

2021–2023 (USD BILLION)             161

FIGURE 41            POTASSIUM FORMATE MARKET SHARE ANALYSIS, 2023  161

FIGURE 42            POTASSIUM FORMATE MARKET: COMPANY VALUATION OF

KEY PLAYERS, 2024 (USD BILLION)           164

FIGURE 43            POTASSIUM FORMATE MARKET: FINANCIAL METRICS OF KEY COMPANIES, 2024         165

FIGURE 44            POTASSIUM FORMATE MARKET: BRAND/PRODUCT COMPARISON             166

FIGURE 45            POTASSIUM FORMATE MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023       168

FIGURE 46            POTASSIUM FORMATE MARKET: COMPANY FOOTPRINT       169

FIGURE 47            POTASSIUM FORMATE MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 175

FIGURE 48            CLARIANT: COMPANY SNAPSHOT            184

FIGURE 49            EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT          188

FIGURE 50            TETRA TECHNOLOGIES, INC.: COMPANY SNAPSHOT          192

FIGURE 51            SLB (SCHLUMBERGER): COMPANY SNAPSHOT                 198

FIGURE 52            HAWKINS: COMPANY SNAPSHOT             200

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