How Big is the Sodium Formate Market | Trends, Share, and Future Outlook 2025

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Code: MTA8681

Publication Date: Sep 2025

What is the size of Sodium Formate Market?

According to 6Wresearch internal database and industry insights, the Global Sodium Formate Market was valued at USD 0.67 Billion in 2024 and is expected to reach USD 0.95 Billion by 2031, growing at a compound annual growth rate of 5.20% during the forecast period (2025-2031).

There is considerable growth in the Sodium Formate Market as some of its applications are in de-icing for roads and airport runways, dyeing, and drilling fluids. The demand is underpinned by growing applications in a variety of oilfield operations and chemical syntheses, along with increasing shifts to investing in sustainable biodegradable chemicals.

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Growth Factors for Sodium Formate Market

Increasing the use of sodium formate for de-icing airport runways and roads
Increasing oilfield operational drilling fluid and petroleum recoveries
The increasing utilization of leather tanning and textile dyeing
Increasing eco-friendly and biodegradable chemicals
Increasing utilization of chemical synthesis processes in industries

Sodium Formate Market Trends

The Sodium Formate Market is trending at an increasing rate as sodium formate has become increasingly popular for its de-icing applications, as it is considered to be less harmful to the environment than other salts. An additional market trend that is shifting is the continued trend towards things that are sustainable and are chemically derived from renewable materials. Sodium formate manufacturers are investing back into the industry from a strategic perspective to improve pure production technologies, and use food processing as an example to improve the food industry's overproduction of waste.

Emerging Developments in the Sodium Formate Market

The Sodium Formate Market is witnessing developments as producers focus on scaling up production capacity to meet industrial requirements. Research into blending sodium formate with other chemicals to enhance performance in drilling fluids and de-icing solutions is also gaining traction. Another development in the Sodium Formate Market includes collaborations between chemical manufacturers and downstream users for product innovation. Efforts are being directed toward reducing carbon footprint during production, and new packaging solutions are being tested to improve transportation safety and efficiency.