| Product Code: ETC9974222 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the United States continued to see significant potassium formate import shipments, with top exporting countries including China, Germany, Sweden, Canada, and Turkey. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 13.25%, reflecting a robust market expansion. The growth rate from 2023 to 2024 surged by 23.05%, underscoring the increasing demand for potassium formate in the US market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United States (US) Potassium Formate Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Potassium Formate Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Potassium Formate Market - Industry Life Cycle |
3.4 United States (US) Potassium Formate Market - Porter's Five Forces |
3.5 United States (US) Potassium Formate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 United States (US) Potassium Formate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 United States (US) Potassium Formate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for environmentally friendly de-icing agents in the US |
4.2.2 Growing adoption of potassium formate in the oil gas industry for drilling fluids |
4.2.3 Rise in research and development activities for new applications of potassium formate |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials used in potassium formate production |
4.3.2 Regulatory hurdles and compliance requirements impacting market growth |
4.3.3 Competition from alternative de-icing agents and drilling fluid additives |
5 United States (US) Potassium Formate Market Trends |
6 United States (US) Potassium Formate Market, By Types |
6.1 United States (US) Potassium Formate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Potassium Formate Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 United States (US) Potassium Formate Market Revenues & Volume, By Solid, 2021- 2031F |
6.1.4 United States (US) Potassium Formate Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2 United States (US) Potassium Formate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Potassium Formate Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.2.3 United States (US) Potassium Formate Market Revenues & Volume, By De-icing, 2021- 2031F |
6.2.4 United States (US) Potassium Formate Market Revenues & Volume, By Heat Transfer, 2021- 2031F |
6.2.5 United States (US) Potassium Formate Market Revenues & Volume, By Others, 2021- 2031F |
7 United States (US) Potassium Formate Market Import-Export Trade Statistics |
7.1 United States (US) Potassium Formate Market Export to Major Countries |
7.2 United States (US) Potassium Formate Market Imports from Major Countries |
8 United States (US) Potassium Formate Market Key Performance Indicators |
8.1 Adoption rate of potassium formate in de-icing applications across different regions in the US |
8.2 Number of patents filed for innovative uses of potassium formate in various industries |
8.3 Investment trends in research and development projects related to potassium formate technologies |
8.4 Environmental impact assessments and certifications obtained by potassium formate manufacturers in the US |
8.5 Growth in partnerships and collaborations between potassium formate producers and end-user industries |
9 United States (US) Potassium Formate Market - Opportunity Assessment |
9.1 United States (US) Potassium Formate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 United States (US) Potassium Formate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 United States (US) Potassium Formate Market - Competitive Landscape |
10.1 United States (US) Potassium Formate Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Potassium Formate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |