Global sodium formate market was valued at USD 440.36 million in 2021 and is expected to reach USD 723.34 million by 2029, registering a CAGR of 6.40% during the forecast period of 2022-2029.

In recent years, sodium formate has been used more often across a variety of industries. Additionally, the fast expansion of the food and beverage, dyeing and printing, and oil and gas industries has aided in the expansion of the sodium formate market on a global scale.

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Market Overview:

The powdery substance known as sodium formate, which is white and deliquescent, is actually formic acid's sodium salt. Formic acid is neutralized with sodium carbonate to produce sodium formate for commercial use. Sodium hydroxide and chloroform react to create it. In a variety of end-user sectors, such as food & beverage, textile, and printing, sodium formate plays crucial functions as a dyeing agent, food additive, non-corrosive, and de-icing agent.

Market Scope and Size:

The sodium formate market is segmented on the basis of product type, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Sodium Organic Salt
  • Ammonium Organic Salt
  • Zinc Organic Salt
  • Magnesium Organic Salt

Application

  • Aviation
  • Food and Beverage
  • Textile
  • Printing
  • Oil and Gas
  • Chemical
  • Electron
  • Agriculture
  • Industrial
  • Other Applications

Country Level Analysis:

The countries covered in the sodium formate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Key Players:

  • Perstorp (Sweden)
  • BASF SE (Germany)
  • MKS Marmara Tüm Haklari Saklidir (Turkey)
  • Alder SpA (Italy)
  • Metafrax Chemicals (Austria)
  • Asian Paints (India)
  • Kanoria Chemicals & Industries Ltd. (India)
  • Zibo Ruibao Chemical Co.,Ltd. (China)
  • SOLVAY (Belgium)
  • Honeywell International Inc. (U.S.)
  • TCI Chemicals (India) Pvt. Ltd. (India)
  • Avantor, Inc. (U.S.)
  • Vertellus (U.K.)
  • Acros Organics (Belgium)

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TABLE OF CONTENTS:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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