Sodium Formate Market Size, Share, Growth Report 2032
Sodium Formate Market By Application (Food Additive, Reducing Agents, Chemical Intermediates, De-Icing Agents, and Catalysts), By Industry Verticals (Textile, Aviation, Chemical, Printing, Oil & Gas, and Food & Beverage), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 - 2030
Category: Chemical & Materials Report Format : PDF
Pages: 180 Report Code: ZMR-7170
Published Date: May-2023 Status : Published
| Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 431 Million | USD 674 Million | 5.12% | 2022 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Sodium Formate Market, (2023 - 2030) (USD Million)
- 2.2 Global Sodium Formate Market : snapshot
- Chapter 3. Global Sodium Formate Market - Industry Analysis
- 3.1 Sodium Formate Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing application as a de-icing agent to drive market growth
- 3.3 Market Restraints
- 3.3.1. Health concerns to restrict the market growth
- 3.4 Market Opportunities
- 3.4.1. Increasing use in the production of bio-based products to provide growth opportunities
- 3.5 Market Challenges
- 3.5.1. Strict guidelines to challenge market growth
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Application
- 3.7.2 Market attractiveness analysis By Industry Verticals
- Chapter 4. Global Sodium Formate Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Sodium Formate Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Sodium Formate Market - Application Analysis
- 5.1 Global Sodium Formate Market overview: By Application
- 5.1.1 Global Sodium Formate Market share, By Application, 2022 and 2030
- 5.2 Food Additive
- 5.2.1 Global Sodium Formate Market by Food Additive, 2023 - 2030 (USD Million)
- 5.3 Reducing Agents
- 5.3.1 Global Sodium Formate Market by Reducing Agents, 2023 - 2030 (USD Million)
- 5.4 Chemical Intermediates
- 5.4.1 Global Sodium Formate Market by Chemical Intermediates, 2023 - 2030 (USD Million)
- 5.5 De-Icing Agents
- 5.5.1 Global Sodium Formate Market by De-Icing Agents, 2023 - 2030 (USD Million)
- 5.6 Catalysts
- 5.6.1 Global Sodium Formate Market by Catalysts, 2023 - 2030 (USD Million)
- 5.1 Global Sodium Formate Market overview: By Application
- Chapter 6. Global Sodium Formate Market - Industry Verticals Analysis
- 6.1 Global Sodium Formate Market overview: By Industry Verticals
- 6.1.1 Global Sodium Formate Market share, By Industry Verticals, 2022 and 2030
- 6.2 Textile
- 6.2.1 Global Sodium Formate Market by Textile, 2023 - 2030 (USD Million)
- 6.3 Aviation
- 6.3.1 Global Sodium Formate Market by Aviation, 2023 - 2030 (USD Million)
- 6.4 Chemical
- 6.4.1 Global Sodium Formate Market by Chemical, 2023 - 2030 (USD Million)
- 6.5 Printing
- 6.5.1 Global Sodium Formate Market by Printing, 2023 - 2030 (USD Million)
- 6.6 Oil & Gas
- 6.6.1 Global Sodium Formate Market by Oil & Gas, 2023 - 2030 (USD Million)
- 6.7 Food & Beverage
- 6.7.1 Global Sodium Formate Market by Food & Beverage, 2023 - 2030 (USD Million)
- 6.1 Global Sodium Formate Market overview: By Industry Verticals
- Chapter 7. Sodium Formate Market - Regional Analysis
- 7.1 Global Sodium Formate Market Regional Overview
- 7.2 Global Sodium Formate Market Share, by Region, 2022 & 2030 (USD Million)
- 7.3. North America
- 7.3.1 North America Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.3.1.1 North America Sodium Formate Market, by Country, 2023 - 2030 (USD Million)
- 7.3.1 North America Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.4 North America Sodium Formate Market, by Application, 2023 - 2030
- 7.4.1 North America Sodium Formate Market, by Application, 2023 - 2030 (USD Million)
- 7.5 North America Sodium Formate Market, by Industry Verticals, 2023 - 2030
- 7.5.1 North America Sodium Formate Market, by Industry Verticals, 2023 - 2030 (USD Million)
- 7.4. Europe
- 7.4.2 Europe Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.4.2.1 Europe Sodium Formate Market, by Country, 2023 - 2030 (USD Million)
- 7.4.2 Europe Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.4 Europe Sodium Formate Market, by Application, 2023 - 2030
- 7.4.1 Europe Sodium Formate Market, by Application, 2023 - 2030 (USD Million)
- 7.5 Europe Sodium Formate Market, by Industry Verticals, 2023 - 2030
- 7.5.1 Europe Sodium Formate Market, by Industry Verticals, 2023 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.5.3.1 Asia Pacific Sodium Formate Market, by Country, 2023 - 2030 (USD Million)
- 7.5.3 Asia Pacific Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.4 Asia Pacific Sodium Formate Market, by Application, 2023 - 2030
- 7.4.1 Asia Pacific Sodium Formate Market, by Application, 2023 - 2030 (USD Million)
- 7.5 Asia Pacific Sodium Formate Market, by Industry Verticals, 2023 - 2030
- 7.5.1 Asia Pacific Sodium Formate Market, by Industry Verticals, 2023 - 2030 (USD Million)
- 7.6. Latin America
- 7.6.4 Latin America Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.6.4.1 Latin America Sodium Formate Market, by Country, 2023 - 2030 (USD Million)
- 7.6.4 Latin America Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.4 Latin America Sodium Formate Market, by Application, 2023 - 2030
- 7.4.1 Latin America Sodium Formate Market, by Application, 2023 - 2030 (USD Million)
- 7.5 Latin America Sodium Formate Market, by Industry Verticals, 2023 - 2030
- 7.5.1 Latin America Sodium Formate Market, by Industry Verticals, 2023 - 2030 (USD Million)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.7.5.1 The Middle-East and Africa Sodium Formate Market, by Country, 2023 - 2030 (USD Million)
- 7.7.5 The Middle-East and Africa Sodium Formate Market, 2023 - 2030 (USD Million)
- 7.4 The Middle-East and Africa Sodium Formate Market, by Application, 2023 - 2030
- 7.4.1 The Middle-East and Africa Sodium Formate Market, by Application, 2023 - 2030 (USD Million)
- 7.5 The Middle-East and Africa Sodium Formate Market, by Industry Verticals, 2023 - 2030
- 7.5.1 The Middle-East and Africa Sodium Formate Market, by Industry Verticals, 2023 - 2030 (USD Million)
- Chapter 8. Company Profiles
- 8.1 Chongqing Chuandong Chemical (Group) Co. Ltd.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Perstorp AB
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Chongqing Chuandong Chemical (Group) Co. Ltd.
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Zibo Ruibao Chemical Co. Ltd.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Henan Harvest Chem Co. Ltd.
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Shouguang Hengtong Chemical Co. Ltd.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Zibo Zhongyue Import & Export Co. Ltd.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Changzhou Niutang Chemical Plant Co. Ltd.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Jiangsu Yabang Pigment Co. Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Shandong Baoyuan Chemical Co. Ltd.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Allied Chemicals & Pharmaceuticals Pvt. Ltd.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Wuhan Ruiji Chemical Co. Ltd.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Prasol Chemicals Pvt. Ltd.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Weifang Santi Chemical Co. Ltd.
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Nanjing Kaimubo Pharmatech Co. Ltd.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Shanxi Tianyi Technology Co. Ltd.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Akash Purochem Private Limited
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Xiamen Ditai Chemicals Co. Ltd.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Fairsky Industrial Co. Ltd.
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Hainan Zhongxin Chemical Co. Ltd.
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 J. N. Chemical
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.22 Chongqing Huaqi Fine Chemical Co. Ltd.
- 8.22.1 Overview
- 8.22.2 Financials
- 8.22.3 Product Portfolio
- 8.22.4 Business Strategy
- 8.22.5 Recent Developments
- 8.23 AVA Chemicals Private Limited
- 8.23.1 Overview
- 8.23.2 Financials
- 8.23.3 Product Portfolio
- 8.23.4 Business Strategy
- 8.23.5 Recent Developments
- 8.24 Airedale Chemical Company Limited
- 8.24.1 Overview
- 8.24.2 Financials
- 8.24.3 Product Portfolio
- 8.24.4 Business Strategy
- 8.24.5 Recent Developments
- 8.25 Ravi Chem Industries.
- 8.25.1 Overview
- 8.25.2 Financials
- 8.25.3 Product Portfolio
- 8.25.4 Business Strategy
- 8.25.5 Recent Developments
- 8.1 Chongqing Chuandong Chemical (Group) Co. Ltd.
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Sodium Formate Market, 2023 - 2030 (USD Million)
- 4. Porter’s Five Forces Analysis
- 5. Global Sodium Formate Market attractiveness, By Application
- 6. Global Sodium Formate Market attractiveness, By Industry Verticals
- 7. Global Sodium Formate Market share by Application, 2023 and 2030 (USD Million)
- 8. Global Sodium Formate Market by Food Additive, 2023 - 2030 (USD Million)
- 9. Global Sodium Formate Market by Reducing Agents, 2023 - 2030 (USD Million)
- 10. Global Sodium Formate Market by Chemical Intermediates, 2023 - 2030 (USD Million)
- 11. Global Sodium Formate Market by De-Icing Agents, 2023 - 2030 (USD Million)
- 12. Global Sodium Formate Market by Catalysts, 2023 - 2030 (USD Million)
- 13. Global Sodium Formate Market share by Industry Verticals, 2023 and 2030 (USD Million)
- 14. Global Sodium Formate Market by Textile, 2023 - 2030 (USD Million)
- 15. Global Sodium Formate Market by Aviation, 2023 - 2030 (USD Million)
- 16. Global Sodium Formate Market by Chemical, 2023 - 2030 (USD Million)
- 17. Global Sodium Formate Market by Printing, 2023 - 2030 (USD Million)
- 18. Global Sodium Formate Market by Oil & Gas, 2023 - 2030 (USD Million)
- 19. Global Sodium Formate Market by Food & Beverage, 2023 - 2030 (USD Million)
- 20. Global Sodium Formate Market share, by Region, 2023 and 2030
- 21. North America Sodium Formate Market, 2023 - 2030 (USD Million)
- 22. Europe Sodium Formate Market, 2023 - 2030 (USD Million)
- 23. Asia Pacific Sodium Formate Market, 2023 - 2030 (USD Million)
- 24. Latin America Sodium Formate Market, 2023 - 2030 (USD Million)
- 25. The Middle-East and Africa Sodium Formate Market, 2023 - 2030 (USD Million)
Table Of Tables
- 1. Global Sodium Formate Market: Snapshot
- 2. Drivers of the Sodium Formate Market: impact analysis
- 3. North America Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 4. North America Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 5. U.S. Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 6. U.S. Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 7. Canada Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 8. Canada Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 9. Europe Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 10. Europe Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 11. Germany Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 12. Germany Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 13. France Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 14. France Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 15. U.K. Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 16. U.K. Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 17. Italy Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 18. Italy Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 19. Spain Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 20. Spain Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 21. Rest of Europe Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 22. Rest of Europe Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 23. Asia Pacific Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 24. Asia Pacific Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 25. China Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 26. China Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 27. Japan Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 28. Japan Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 29. India Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 30. India Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 31. South Korea Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 32. South Korea Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 33. South-East Asia Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 34. South-East Asia Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 35. Rest of Asia Pacific Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 36. Rest of Asia Pacific Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 37. Latin America Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 38. Latin America Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 39. Brazil Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 40. Brazil Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 41. Mexico Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 42. Mexico Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 43. Rest of Latin America Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 44. Rest of Latin America Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 45. The Middle-East and Africa Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 46. The Middle-East and Africa Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 47. GCC Countries Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 48. GCC Countries Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 49. South Africa Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 50. South Africa Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
- 51. Rest of Middle-East Africa Sodium Formate Market revenue, By Application, 2023 - 2030 (USD Million)
- 52. Rest of Middle-East Africa Sodium Formate Market revenue, By Industry Verticals, 2023 - 2030 (USD Million)
Methodology
FrequentlyAsked Questions
The industry deals with the production and distribution of sodium formate or its derivative compounds across end-user verticals.
The global sodium formate market is projected to grow owing to the increasing use of the compound as a de-icing agent for runways and roads during the winter season in several countries that deal with extremely low temperatures.
According to study, the global sodium formate market size was worth around USD 431 billion in 2022 and is predicted to grow to around USD 674 billion by 2030.
The CAGR value of the sodium formate market is expected to be around 5.12% during 2023-2030.
The global sodium formate market is expected to witness the highest growth in Asia-Pacific during the forecast period. It may grow at a CAGR of 5.6% and in 2022 it held a market share of over 41%.
The global sodium formate market is led by players like Chongqing Chuandong Chemical (Group) Co., Ltd., Perstorp AB, Chongqing Chuandong Chemical (Group) Co., Ltd., Zibo Ruibao Chemical Co., Ltd., Henan Harvest Chem Co., Ltd., Shouguang Hengtong Chemical Co., Ltd., Zibo Zhongyue Import & Export Co., Ltd., Changzhou Niutang Chemical Plant Co., Ltd., Jiangsu Yabang Pigment Co., Ltd., Shandong Baoyuan Chemical Co., Ltd., Allied Chemicals & Pharmaceuticals Pvt. Ltd., Wuhan Ruiji Chemical Co., Ltd., Prasol Chemicals Pvt. Ltd., Weifang Santi Chemical Co., Ltd., Nanjing Kaimubo Pharmatech Co., Ltd., Shanxi Tianyi Technology Co., Ltd., Akash Purochem Private Limited, Xiamen Ditai Chemicals Co., Ltd., Fairsky Industrial Co., Ltd., Hainan Zhongxin Chemical Co., Ltd., J. N. Chemical, Chongqing Huaqi Fine Chemical Co., Ltd., AVA Chemicals Private Limited, Airedale Chemical Company Limited, and Ravi Chem Industries.
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