세계의 포름산칼륨 시장 예측(-2032년) : 유형별, 농도별, 용도별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Potassium Formate Market is accounted for $0.83 billion in 2025 and is expected to reach $1.42 billion by 2032 growing at a CAGR of 8.0% during the forecast period. Potassium formate is a potassium salt of formic acid with the chemical formula HCOOK. It is a clear, odorless, and highly water-soluble compound commonly used as a de-icing agent, heat transfer fluid, and in oil and gas drilling fluids. Due to its low freezing point and environmental friendliness compared to chloride-based alternatives, potassium formate is preferred for applications requiring high performance and minimal ecological impact.

Market Dynamics:

Driver:

Increased demand for efficient heat transfer fluids

Potassium formate-based solutions offer superior thermal conductivity, making them ideal for applications requiring efficient heat dissipation. Additionally, their low environmental impact compared to conventional fluids has increased adoption. The growing emphasis on energy efficiency and sustainability across industries further fuels market expansion. Governments and regulatory bodies are also promoting eco-friendly alternatives, boosting demand for potassium formate. As industrial activities continue to rise, the necessity for reliable heat transfer fluids strengthens market growth.

Restraint:

Fluctuating raw material prices

The volatility of raw material prices poses a significant challenge to the potassium formate market. Prices of essential components such as potassium hydroxide and formic acid are influenced by global supply chain dynamics. Economic uncertainties, trade restrictions, and fluctuations in the availability of these materials contribute to price instability. Manufacturers must navigate these challenges by optimizing production costs and securing stable raw material sources. Additionally, the dependence on imports can create vulnerability to market disruptions.

Opportunity:

Growing industrialization and infrastructure development

The increasing industrialization and infrastructure projects worldwide present lucrative opportunities for the potassium formate market. Its applications in construction, de-icing, drilling fluids, and heat transfer systems continue to expand as industries scale up operations. Developing economies are investing heavily in infrastructure, fuelling the demand for advanced chemical solutions. Furthermore, the efficiency of fluids based on potassium formate is improved by technological developments in production methods.

Threat:

Availability of cheaper alternatives

Industries often seek cost-effective options, which can limit potassium formate's penetration in price-sensitive markets. Additionally, the preference for traditional chemicals over innovative alternatives poses a barrier to widespread adoption. Some industries may not prioritize environmental benefits over cost savings, affecting potassium formate's market share. Continuous education and awareness about its superior efficiency can help mitigate this threat.

Covid-19 Impact

The pandemic had a mixed impact on the potassium formate market, causing initial disruptions but later highlighting the need for resilient supply chains. Lockdowns and transportation restrictions hindered production and distribution, temporarily slowing market expansion. However, the post-pandemic recovery saw an increased focus on sustainability and efficiency, favoring potassium formate-based solutions. Infrastructure projects also regained momentum, further boosting market prospects.

The drilling fluids segment is expected to be the largest during the forecast period

The drilling fluids segment is expected to account for the largest market share during the forecast period, due to its role in stabilizing drilling operations. It is widely used as a drilling fluid additive in oil and gas exploration, offering environmental benefits and superior performance. Its ability to reduce corrosion and enhance thermal stability makes it a preferred choice. The rising number of drilling activities, particularly in offshore locations, further fuels demand.

The agriculture segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the agriculture segment is predicted to witness the highest growth rate, due to the increasing adoption of potassium formate-based fertilizers and soil enhancers. Its effectiveness in improving soil fertility and crop yield drives demand among farmers. Additionally, potassium formate offers eco-friendly advantages compared to conventional agricultural chemicals. Rising awareness about soil health and plant nutrition amplifies its market potential.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share. Countries like China and India are investing significantly in construction and manufacturing sectors, boosting potassium formate demand. Additionally, the region's focus on energy efficiency and sustainable solutions favours market expansion. Government regulations promoting eco-friendly alternatives accelerate adoption across industries. The presence of major chemical manufacturers further strengthens supply chain reliability.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to its advanced industrial landscape and emphasis on sustainability. The region's strong oil and gas exploration activities drive high demand for potassium formate-based drilling fluids. Furthermore, increasing investment in infrastructure and technological advancements boost market expansion. The focus on environmental regulations encourages the adoption of potassium formate over conventional solutions.

Key players in the market

Some of the key players profiled in the Potassium Formate Market include Perstorp Holding AB, Clariant, Thermo Fisher Scientific Inc., Eastman Chemical Company, TETRA Technologies Inc., ADDCON GmbH, Dynalene, Inc., Hawkins, American Elements, Hangzhou Focus Chemical Co., Ltd., Xinjiang Guolin New Materials Co., Ltd., ESSECO UK, Nachurs Alpine Solutions, SLB, and Shouguang Hengtong Chemical Co., Ltd.

Key Developments:

In April 2025, Eastman and Axilone have partnered to develop cosmetic packaging featuring Eastman Cristal(TM) One Renew IM812, a recycled and recyclable resin that features a crystal clear appearance akin to glass. This new and innovative material enables luxury cosmetic brands to reduce their environmental footprint while adhering to high aesthetic standards.

In December 2024, PETRONAS Chemicals Group Berhad (PCG) announced Perstorp Holding AB has acquired 100 percent of the shares of OQ Chemicals Nederland B.V. from OQ Chemicals GmbH. The deal provides Sweden-based Perstorp with full ownership and control over all of the Dutch company's production assets, related technology and employees.

Types Covered:

• Solid Potassium Formate
• Liquid Potassium Formate
• Other Types

Concentrations Covered:

• Less than 50%
• 50% - 75%
• Above 75%

Applications Covered:

• Drilling fluids
• De-icing
• Heat Transfer Fluids
• Industrial Chemicals
• Other Applications

End Users Covered:

• Aerospace & Aviation
• Construction & Infrastructure
• Chemical Manufacturing
• Automotive
• Agriculture
• Food & Beverage
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Potassium Formate Market, By Type

• 5.1 Introduction
• 5.2 Solid Potassium Formate
• 5.3 Liquid Potassium Formate
• 5.4 Other Types

6 Global Potassium Formate Market, By Concentration

• 6.1 Introduction
• 6.2 Less than 50%
• 6.3 50% - 75%
• 6.4 Above 75%

7 Global Potassium Formate Market, By Application

• 7.1 Introduction
• 7.2 Drilling fluids
• 7.3 De-icing
  • 7.3.1 Airport runways
  • 7.3.2 Roads and highways
• 7.4 Heat Transfer Fluids
• 7.5 Industrial Chemicals
  • 7.5.1 Catalyst production
• 7.6 Other Applications

8 Global Potassium Formate Market, By End User

• 8.1 Introduction
• 8.2 Aerospace & Aviation
• 8.3 Construction & Infrastructure
• 8.4 Chemical Manufacturing
• 8.5 Automotive
• 8.6 Agriculture
• 8.7 Food & Beverage
• 8.8 Other End Users

9 Global Potassium Formate Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Perstorp Holding AB
• 11.2 Clariant
• 11.3 Thermo Fisher Scientific Inc.
• 11.4 Eastman Chemical Company
• 11.5 TETRA Technologies Inc.
• 11.6 ADDCON GmbH
• 11.7 Dynalene, Inc.
• 11.8 Hawkins
• 11.9 American Elements
• 11.10 Hangzhou Focus Chemical Co., Ltd.
• 11.11 Xinjiang Guolin New Materials Co., Ltd.
• 11.12 ESSECO UK
• 11.13 NACHURS ALPINE SOLUTIONS
• 11.14 SLB
• 11.15 Shouguang Hengtong Chemical Co., Ltd.