The Global Potassium Formate Market was valued at 600 Million USD in 2018 and is further expected to be valued at 839.3 Million USD in 2027 at a CAGR of 2.4%. The report covers forecast and analysis for the Potassium Formate market on a global and regional level. The study offers a wide-ranging valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures. The study provides historic data of 2016 to 2018 along with a forecast from 2019 to 2026 based revenue (USD Million).

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Potassium formate is the potassium salt of formic acid and is highly soluble in water. Potassium formate has various industrial applications, including de-icing, a heat transfer fluid, fertilizers, and others. The increasing need for effective de-icing on runways is fueling the market in aerospace industry. Moreover, the is driving market growth. On the other hand, slump in the consumption of formic acid has been seen over the years. In addition to this, seasonal demand for potassium formate has been hampering the market value.