According to a market report by Lucintel, the future of the global sodium formate market looks promising with opportunities in the sodium dithionite, oxalic acid, and formic acid markets. The global sodium formate market is expected to grow with a CAGR of 5.3% from 2025 to 2031. The major drivers for this market are the increasing demand for de-icing agents, the rising adoption in textile industry, and the growing need for oilfield chemicals.
A more
than 150-page report to understand trends, opportunity and forecast in global sodium
formate market to 2031 by type (≥98% purity, ≥95% purity, ≥92% purity, and
others), application (sodium dithionite, oxalic acid, formic acid, and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, ≥98% purity is expected to witness
the highest growth over the forecast period.
Within the
application category, formic acid is expected to witness the highest growth.
Download
sample by clicking on sodium formate
market.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Luxi
Chemical, Koei Chemical, Kanoria Chemicals & Industries, Asian Paints, Hawkins,
Hubei Yihua Chemical Industry, Anhui Dongfeng Chemical are the major suppliers
in the sodium formate market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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