Potassium Formate Sales Soar Steadily in Line with Continued Consumer Preference over Other De-icing Counterparts, Finds FactMR
Estimated to witness moderate rise over 2018, the global potassium formate consumption volume is envisaged to reach ~650 KT in 2019. FactMR conveys indispensable insights on the potassium formate market in its recently published report that projects a steady volume growth outlook for the market. The present development trend of the potassium formate market remains highly influenced by an expanding number of industrial applications and increasing demand for efficient de-icers and drilling fluids, across the globe. Market breakdown by delivery form and by application reveals that Europe, coupled with North America, currently accounts for a sizeable revenue share in the global potassium formate market. The former however holds a fourth of the global market value, according to FactMR’s findings. The market attractiveness of East Asia-South Asia-Oceania cluster has been estimated to grow at a healthy rate over the period of next few years, assessing the increasing applicability of pota...