-Drilling fluids for natural gas and oil projects continue to increase the demand for environmentally friendly formate brine, which continues to promote the development of the global potassium formate market
-The use of potassium formate is expected to increase in several end-use industries, thereby opening up new growth avenues for industry suppliers and manufacturers
Albany, New York, on November 30, 2020, the US Transparency News Market-Transparency Market Research Corporation has released a new research report that provides detailed information about the global potassium formate market. The research report attempts to provide meaningful and actionable insights on key market segments, important growth drivers, constraints, geographic prospects and the status of global market suppliers.
According to the research report, the global potassium formate market was valued at US$616 million in 2018. The report predicts that during a given forecast period (2019-2027), the global market will grow at a compound annual growth rate of 5%. Taking into account the growth rate, by the end of the forecast period, the overall valuation of the global market is expected to reach US$920 million.
Request for Covid-19 impact analysis on the formate market: https://www.transparencymarketresearch.com/Covid19.php
Buy advanced research reports on the potash market @ https://www.transparencymarketresearch.com/checkout.php
In the global potassium formate market, some key players include Perstorp Group, ADDCON, BASF AG, ESSECO UK Limited, Chongqing Chuandong Chemical (Group) Co., Ltd., Kemira Oyj, Cabot Corporation and NACHURS ALPINE SOLUTIONS Industrial (NASi) .
Explore the award-winning coverage of the global chemical and materials industry by Transparent Market Research,
Potassium Aluminum Sulfate Market-Wastewater treatment process helps to convert wastewater into wastewater. Currently, there are various advanced treatment solutions available for treating wastewater. Potassium aluminum sulfate is a chemical used in industrial waste water treatment. Aluminum potassium aluminum sulfate is used as a flocculant in water treatment. Adding flocculants to raw water will cause colloids and other suspended particles to stick together and form heavier particles (flocs), which are removed by sedimentation or filtration. The flocculation (or coagulation) process helps to remove contaminants that are difficult to remove through separate filtration, such as fine solid contaminants or microscopic molecules. Therefore, during the forecast period, it is expected that the increase in the use of potassium aluminum sulfate treated water will drive the potassium aluminum sulfate market.
Phosphate market-In terms of value, the compound annual growth rate of the global phosphate market is expected to be approximately 4% from 2019 to 2027. Phosphate is mainly used in the production of phosphate fertilizers and animal feed products worldwide. The Asia-Pacific region dominated the global phosphate market in 2018. During the forecast period, China is expected to become a major exporter of global phosphate. Ammonium phosphate and calcium phosphate are the most widely consumed phosphates in fertilizers and animal feeds in developed and developing regions, respectively. Compared with fertilizers and animal feeds, the industrial sector has less demand for phosphates because of the large number of alternatives available.
Potassium fluoroaluminate market-the rising demand for potassium fluoroaluminate in the manufacture of abrasives and its widespread use in flux production are factors to expand the potassium fluoroaluminate market. This prompted the company to increase the production of this chemical. In addition, it is expected that readily available raw materials will increase the demand for potassium fluoroaluminate in the near future. The global potassium fluoroaluminate market is witnessing technological progress. The company is constantly striving to develop new and better methods to produce this chemical. It is estimated that the development of a new potassium fluoroaluminate manufacturing process and its application will drive the market. However, fluctuations in raw material prices are expected to hinder the market.
Potassium acetate market-The key factor driving the potassium acetate market is the increase in the use of potassium acetate as an alternative compound for potassium chloride, because potassium acetate has the same functional properties, such as high solubility and the ability to form high-density brine, as potassium. chloride. This is mainly due to the strict environmental restrictions imposed by potassium chloride. However, if the composition of the potassium acetate compound is incorrect, it can cause side effects such as tingling and burning sensations in the feet and hands, and may also cause symptoms close to death. These are the main factors hindering market growth.
Transparency Market Research is a global market intelligence company that provides global business information reports and services. Our unique fusion of quantitative forecasts and trend analysis provides forward-looking insights for thousands of decision makers. Our team of experienced analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information.
Our data repository is constantly updated and revised by a team of research experts to always reflect the latest trends and information. Transparent market research company has extensive research and analysis capabilities, using strict primary and secondary research techniques to develop unique data sets and research materials for business reports.
Mr. Rohit Bhisey Transparency Market Research State Building, 90 State Street, Albany, New York Suite 700-12207 USA-Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Source of press release: https:/ /www.transparencymarketresearch.com /pressrelease/potassium-formate-market.htm website: http://www.transparencymarketresearch.com