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Sodium Formate Market

Sodium Formate Market (Application: Food Additives, Agriculture, Textile & Printing, Aerospace, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

New Opportunities for Sodium Formate Manufacturers in Animal Feed Additive Landscape

The use of organic acids as food additives gained significant importance after the ban on antibiotic growth promoters (AGPs) in Europe in 2006, which addressed the problem of non-essential use of antibiotics. There is an increasing preference for organic and safe feed additives, globally, which has had a significant impact on the sodium formate market, due to its application as an effective organic feed additive.

Various regulations have given rise to the demand for organic acids in the animal nutrition sector, and with the growing awareness about their positive effects on feed quality, and subsequently animal performance, the sales of sodium formate are likely to soar in this sector in the coming years. A recently published rule by The Food and Drug Administration (FDA) (Document citation: 81 FR 67153), amended the regulations for the safe use of sodium formate as a food additive. Further, the European Food Safety Authority (EFSA) also confirmed the safety of the use of sodium formate in the production of animal feed additives.

Food additives accounted for almost a third of the global sodium formate market share in 2018, which is likely to remain the same during the forecast period of 2019-2027. The efficacy and safety of sodium formate as an animal feed additive will continue to make it a popular application for sodium formate, positively impacting the growth of the market.

sodium formate market infographic

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Activity in Textile & Printing Industry Creates Sustained Opportunities

The sodium formate industry’s reliance on textile and printing is expected to continue to prevail during the forecast period of 2019–2027. In 2018, the textile and printing industry held almost 40% share of the global sodium formate market revenue, and this share is projected to increase over the forecast period.

A steady rise in printing activity and advancements of printing techniques that involve the use of sodium formate are also expected to cause a boost in the growth of the sodium formate market. The expansion of the digital printing market, along with innovation in fabric dyeing and printing processes for effective alkali neutralization and pH control, coupled with the environment-friendly attributes of sodium formate, is expected to contribute to the evolution of the market.

Furthermore, sodium formate is being increasingly used in the leather tanning industry, and it is also considered to be very efficient when it comes to chrome penetration into the entire thickness of the hide. The reliability and consistency of acid concentrations, and the purity of sodium formate, are likely to advocate for the use of it in tanning. The flurry of activity in the printing and textile industry can mean a steady demand for sodium formate in the foreseeable future.

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Sodium Formate Market Being Driven by Push for Ecologically-Friendly Deicers

The aerospace industry, due to increasing concerns about the environmental impact of deicing chemicals such as urea and acetates, is gradually making a shift to formate-based deicers. As such, the preference for sodium formate-based deicers has been growing steadily, with demand from the aerospace industry accounting for ~20% of the global sodium formate market share.

The growing focus on environment conservation has opened up opportunities for manufacturers in the sodium formate industry. For instance: Perstorp Holdings, a leading specialty chemicals innovator, in May 2019, announced the construction of a plant in Sweden to granulate solid sodium formate, increasing the availability of the same for its product PERGRIP RUN NF.

However, the hygroscopic nature of sodium formate continues to be a cause for concern for manufacturers within the market. This property of sodium formate translates to other additives having to be added before use and special requirements when it comes to handling and storage. This, coupled with its tendency to cake when stored, is likely to have a restraining effect on the sodium formate market.

sodium formate market segmentation

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APAC Continues to Lead the Sodium Formate Market

Accounting for a whopping ~43% of the value share, as of 2018, Asia Pacific dominates the sodium formate market, a trend that is unlikely to change during the forecast period. This is likely to be being driven by the expansion of the already strong textile market in the region, and the availability of newer materials and printing processes as well.

The sodium formate market in Europe held ~one-fourth of the global market share in 2018. Increasing stringency of environmental laws in Europe, coupled with the push for ecologically-sound solutions in both, the aerospace and additives industry, are likely to drive the demand for sodium formate across a variety of applications, in the region. Major stakeholders in the industry are looking at expanding their geographical presence to include Europe, so as to meet the potential high demand from the region. 

Analysis of the Competitive Landscape

The sodium formate market is very fragmented, with a plethora of small and medium material companies crowding the scene, alongside larger global players. Frontrunners in the industry, such as Perstorp Holdings and ADDCON, account for ~20% of the revenue share of the global sodium formate market. Considering the nature of the product, a number of regional players operate to meet the domestic demand in their respective regions.

Key players in the market are focusing on expanding their business in the aerospace industry by penetrating into other regional markets. For instance: Jost Chemical, a global leader in high purity chemicals, in October 2018, announced the construction of a new manufacturing plant in Poland, a facility set to be a part of the company’s integrated global network. This move allows Jost Chemical to expand into the region, positioned to meet the future demand from the region.

Analysts’ POV

Authors of this TMR report on the sodium formate market predict that, the revenue of the market will grow at a rate of 4.5% during the forecast period, and have a positive outlook on the evolution of the market. One of key trends that has had a massive impact on many industries, including textiles, printing, animal nutrition, aerospace, and others, is sustainability, which is expected to influence the manufacturing strategies of stakeholders in the sodium formate market.

As a winning strategy, manufacturers looking to consolidate their presence in the sodium formate market should look at collaboration and product innovation to stay ahead of the competition. Though sodium formate’s hygroscopic nature can act as a hindrance, manufacturers can look at capitalizing its low-carbon footprint property to improve their sales.

Sodium Formate Market: Description

  • Sodium formate is soluble in water, and is widely used in several fabric dyeing and printing processes. It is also used as a buffering agent for strong mineral acids to increase their pH. Furthermore, sodium formate is employed as food additive and de-icing agent.
  • Increase in urban population, introduction of new textile products, and significant expansion in online fashion in Asia Pacific are projected to drive the textile dyeing industry. This, in turn, is likely to boost the sodium formate market.
  • Sodium formate is used as preservative in food additives. It is widely employed to prevent decomposition by microbial growth or undesirable chemical changes. Increase in the number of working women and changing lifestyle patterns of consumers are driving the consumption of processed food products. This, in turn, is fuelling the food additives market, and thereby, the growth of the sodium formate market. 

Key Growth Drivers of the Sodium Formate Market

  • Formate drilling and completion fluid systems are new types of clean organic salt brine systems. These have been developed from inorganic salt brine drilling fluid systems. Formate possesses a number of beneficial characteristics related to oil & gas drilling. These benefits are largely based on the physical characteristics of brines, such as monovalent composition, low crystallization temperature, high transition temperature of polymers when mixed in brines, low water activity, and osmotic effect on shale. Sodium formate fluids are non-corrosive organic monovalent fluids, which offer a number of performance benefits over conventional brines.
  • Thus, the demand for sodium formate has been rising in the upstream oil & gas industry to produce clear brine, which is an important chemical in work-over & completion processes. 

Major Challenges for the Sodium Formate Market

  • Sodium formate is hygroscopic, i.e. it absorbs moisture. Thus, it requires special and careful handling in order to avoid moisture absorption. Sodium formate has the tendency to cake during storage. This factor is hampering the growth of the global sodium formate market. 

Lucrative Opportunities for the Global Sodium Formate Market

  • Increase in the demand for oil & gas in developing economies such as China, India, and Brazil is one of the major factors influencing the rate of drilling activities. A large numbers of petroleum companies are continuously exploring new oil & gas reserves. These new oil & gas discoveries require sodium formate to manage and prevent wells from producing sand. Therefore, newly discovered and potential oil & gas reserves are estimated to create lucrative opportunities for the sodium formate market. 

Asia Pacific a Large Sodium Formate Market

  • In terms of value and volume, Asia Pacific held a prominent share of the global sodium formate market in 2018. This trend is estimated to continue during the forecast period too. The sodium formate market in Asia Pacific is anticipated to expand at the rapid pace. Increase in the population is propelling the textile industry in Asia Pacific. Sodium formate is employed in the textile industry to improve brightness and color in dyeing/printing fabrics and paper.
  • Europe held a key share of the sodium formate market in 2018. Rise in the consumption of meat is likely to drive the feed additives industry in Europe. This, in turn, is anticipated to propel the sodium formate market in the region.
  • North America is projected to be a moderately attractive region in the global sodium formate market. The sodium formate market in the region is estimated to expand at a steady pace during the forecast period. Technology innovations, increase in livestock production, and surge in animal husbandry for crop production are projected to drive the feed additives industry. This, in turn, is likely to propel the sodium formate market in North America. 

Textile & Printing to Account for Prominent Share

  • In terms of demand, the textile & printing segment dominated the global sodium formate market in 2018. This trend is expected to continue during the forecast period as well. Sodium formate is used in dyeing, printing fabrics, leather tanning, and chrome electroplating processes. It is also employed as an antioxidant in the paper industry.
  • The food & feed additives segment held an important share of the sodium formate market in 2018. The segment is estimated to expand at a significant pace during the forecast period. Sodium formate is primarily used in animal feed additives. Improvements in standards of living across the globe have boosted the consumption of meat. This is driving the demand for sodium formate in silage preservation and animal feed.
  • The aerospace segment is projected to be moderately attractive during the forecast period. Sodium formate is less corrosive and undergoes fast melting action as compared to other deicing chemicals.

 Leading Players Engage in Joint Ventures and R&D Activities

  • Key players operating in the global sodium formate market include -
    • Perstorp Holdings
    • ADDCON
    • Yuanping Chemical Company Limited
    • MKS Marmara
    • Alder S.p.A.
    • Metafrax
    • Asian Paints
    • Kanoria Chemicals & Industries Ltd.
    • Zibo Ruibao Chemicals Co., Ltd.
  • In June 2014, Perstorp Holdings acquired the pentaerythritol, penta, and calcium formate businesses of Chemko A.S. Strážske, a Slovenia-based producer of chemicals. The move was a part of Perstorp Holding’s aspiring investment plan to increase its production capacity of polyol.
  • Zibo Ruibao Chemical Co., Ltd.’s annual output of calcium formate stands at 15,000 tons, while that of sodium formate is 25,000 tons. The company’s annual output of sodium acetate stands at 10,000 tons.
  • Yuanping City Chemical Co. Ltd. produces oxalic acid (60,000 tons/year), sodium formate (80,000 tons/year), formic acid (10,000 tons/year), and other by-products
  • In 2016, Asia Paints announced plans to increase the production of pentaerythritol from 560 MTM to 730 MTM, and that of sodium formate from 336 MTM to 480 MTM in the solid and solution form.

Key Segments of the Sodium Formate Market

This study by TMR on the sodium formate market categorizes the information and data into two segments: application and region. Readers will find insights and data on how changing trends and dynamics can affect the evolution of the sodium formate market.

The segmentation of the sodium formate market is as follows:

Application

Region

Food Additives

North America

Agriculture

Europe

Textile and Printing

Asia Pacific

Aerospace

Middle East and Africa

Others

Latin America

 

    1. Preface
        1.1. Market Definition and Scope
        1.2. Market Segmentation
        1.3. Key Research Objectives
        1.4. Research Highlights
    2. Assumptions and Research Methodology
    3. Executive Summary: Global Sodium Formate Market
    4. Market Overview
        4.1. Introduction
        4.2. Key Market Indicators/Definitions
        4.3. Market Dynamics
            4.3.1. Drivers
            4.3.2. Restraints
            4.3.3. Opportunities
        4.4. Global Sodium Formate Market Analysis and Forecast, 2019–2027
            4.4.1. Global Sodium Formate Market Volume (Kilo Tons)
            4.4.2. Global Sodium Formate Market Value (US$ Mn)
        4.5. Porters Five Forces Analysis
        4.6. Technology Landscape
            4.6.1. Comparative Analysis- Sodium Formate Manufacturing Technology
        4.7. Regulatory Landscape
        4.8. Value Chain Analysis
    5. Pricing Analysis, 2018 (Benchmarking)
        5.1. Price Comparison Analysis, by Region
    6. Production Outlook, 2018
        6.1. Production Outlook, by Region
    7. Global Sodium Formate Market Analysis and Forecast, by Application
        7.1. Introduction & Key Findings
        7.2. Global Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            7.2.1. Food & Feed Additives
            7.2.2. Agriculture
            7.2.3. Textile & Printing
            7.2.4. Aerospace
            7.2.5. Others
        7.3. Global Sodium Formate Market Attractiveness, by Application
    8. Global Sodium Formate Market Analysis and Forecast, by Region 
        8.1. Key Findings
        8.2. Global Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Region, 2018–2027
            8.2.1. North America
                8.2.1.1. U.S.
                8.2.1.2. Canada
            8.2.2. Europe
                8.2.2.1. Germany
                8.2.2.2. U.K.
                8.2.2.3. Italy
                8.2.2.4. France
                8.2.2.5. Spain
                8.2.2.6. Russia & CIS
                8.2.2.7. Rest of Europe
            8.2.3. Asia Pacific
                8.2.3.1. China
                8.2.3.2. India
                8.2.3.3. Japan
                8.2.3.4. ASEAN
                8.2.3.5. Rest of Asia Pacific
            8.2.4. Latin America
                8.2.4.1. Brazil
                8.2.4.2. Mexico
                8.2.4.3. Rest of Latin America
            8.2.5. Middle East & Africa
                8.2.5.1. South Africa
                8.2.5.2. GCC
                8.2.5.3. Rest of Middle East & Africa
        8.3. Global Sodium Formate Market Attractiveness, by Region
    9. North America Sodium Formate Market Analysis and Forecast
        9.1. Key Findings
        9.2. North America Sodium Formate Market Forecast, by Application, 2019–2027
        9.3. North America Sodium Formate Market Forecast, by Country, 2019–2027
                9.3.1.1. 9.3.2. U.S. Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
                9.3.1.2. 9.3.4. Canada Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
        9.4. North America Sodium Formate Market Attractiveness Analysis
    10. Europe Sodium Formate Market Analysis and Forecast
        10.1. Key Findings
        10.2. Europe Sodium Formate Market Forecast, by Application, 2019–2027
        10.3. Europe Sodium Formate Market Forecast, by Country and Sub-region, 2019–2027
            10.3.1. Germany Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            10.3.2. U.K. Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            10.3.3. France Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            10.3.4. Italy Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            10.3.5. Spain Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            10.3.6. Russia & CIS Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            10.3.7. Rest of Europe Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
        10.4. Europe Sodium Formate Market Attractiveness Analysis
    11. Asia Pacific Sodium Formate Market Analysis and Forecast
        11.1. Key Findings
        11.2. Asia Pacific Sodium Formate Market Forecast, by Application, 2019–2027
        11.3. Asia Pacific Sodium Formate Market Forecast, by Country and Sub-region, 2019–2027
            11.3.1. China Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            11.3.2. Japan Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            11.3.3. India Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            11.3.4. ASEAN Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            11.3.5. Rest of Asia Pacific Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
        11.4. Asia Pacific Sodium Formate Market Attractiveness Analysis
    12. Latin America Sodium Formate Market Analysis and Forecast
        12.1. Key Findings
        12.2. Latin America Sodium Formate Market Forecast, by Application, 2019–2027
        12.3. Latin America Sodium Formate Market Forecast, by Country and Sub-region, 2019–2027
            12.3.1. Brazil Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            12.3.2. Mexico Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            12.3.3. Rest of Latin America Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
        12.4. Latin America Sodium Formate Market Attractiveness Analysis
    13. Middle East & Africa Sodium Formate Market Analysis and Forecast
        13.1. Key Findings
        13.2. Middle East & Africa Sodium Formate Market Forecast, by Application, 2019–2027
        13.3. Middle East & Africa Sodium Formate Market Forecast, by Country and Sub-region, 2019–2027
            13.3.1. South Africa Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            13.3.2. GCC Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
            13.3.3. Rest of Middle East & Africa Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027
        13.4. Middle East & Africa Sodium Formate Market Attractiveness Analysis
    14. Competition Landscape
        14.1. Global Sodium Formate Market Share Analysis, by Company, 2018
        14.2. Competition Matrix
            14.2.1. Perstorp Holdings
            14.2.2. ADDCON
        14.3. Company Profiles
            14.3.1. Perstorp Holdings 
                14.3.1.1. Company Description
                14.3.1.2. Business Overview
                14.3.1.3. Financial Details
                14.3.1.4. Key Developments
            14.3.2. ADDCON
                14.3.2.1. Company Description
                14.3.2.2. Business Overview
                14.3.2.3. Financial Details
                14.3.2.4. Key Developments
            14.3.3. Honeywell International Inc.
                14.3.3.1. Company Description
                14.3.3.2. Business Overview
                14.3.3.3. Financial Details
                14.3.3.4. Key Developments
            14.3.4. Metafrax
                14.3.4.1. Company Description
                14.3.4.2. Business Overview
                14.3.4.3. Financial Details
                14.3.4.4. Key Developments
            14.3.5. Kanoria Chemicals & Industries Ltd.
                14.3.5.1. Company Description
                14.3.5.2. Business Overview
                14.3.5.3. Financial Details
                14.3.5.4. Key Developments
            14.3.6. MKS Marmara
                14.3.6.1. Company Description
                14.3.6.2. Business Overview
            14.3.7. Luxi Chemical Group Co., Ltd.
                14.3.7.1. Company Description
                14.3.7.2. Business Overview
            14.3.8. Hubei Yihua Chemical Co., Ltd.
                14.3.8.1. Company Description
                14.3.8.2. Business Overview
            14.3.9. Shandong Kailong Chemical Technology Development Co., Ltd.
                14.3.9.1. Company Description
                14.3.9.2. Business Overview
            14.3.10. Zibo Ruibao Chemical Co., Ltd.
                14.3.10.1. Company Description
                14.3.10.2. Business Overview
            14.3.11. Yuanping Chemicals Co., Ltd.
                14.3.11.1. Company Description
                14.3.11.2. Business Overview
            14.3.12. ZIBO AIHENG NEW MATERIAL CO.,LTD
                14.3.12.1. Company Description
                14.3.12.2. Business Overview
            14.3.13. Tokyo Chemical Industry Co., Ltd. 
                14.3.13.1. Company Description
                14.3.13.2. Business Overview
            14.3.14. Alder S.p.A
                14.3.14.1. Company Description
                14.3.14.2. Business Overview
            14.3.15. Zouping Fenlian Biotech Co.,Ltd.
                14.3.15.1. Company Description
                14.3.15.2. Business Overview
            14.3.16. Haihang Industry Co., Ltd.
                14.3.16.1. Company Description
                14.3.16.2. Business Overview
            14.3.17. Chongqing Chuandong Chemical (Group)Co., Ltd
                14.3.17.1. Company Description
                14.3.17.2. Business Overview
            14.3.18. American Elements
                14.3.18.1. Company Description
                14.3.18.2. Business Overview
            14.3.19. Rock Chemie Co.
                14.3.19.1. Company Description
                14.3.19.2. Business Overview
            14.3.20. Jost Chemical Co
                14.3.20.1. Company Description
                14.3.20.2. Business Overview

    List of Tables

    Table 1: Global Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 2: Global Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 3: Global Sodium Formate Market Volume (Kilo Tons) Forecast, by Region, 2019–2027
    Table 4: Global Sodium Formate Market Value (US$ Mn) Forecast, by Region, 2019–2027
    Table 5: North America Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 6: North America Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 7: North America Sodium Formate Market Volume (Kilo Tons) Forecast, by Country, 2019–2027
    Table 8: North America Sodium Formate Market Value (US$ Mn) Forecast, by Country, 2019–2027
    Table 9: U.S. Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 10: U.S. Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 11: Canada Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 12: Canada Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 13: Europe Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 14: Europe Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 15: Europe Sodium Formate Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2027
    Table 16: Europe Sodium Formate Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2027
    Table 17: Germany Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 18: Germany Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 19: U.K. Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 20: U.K. Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 21: France Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 22: France Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 23: Spain Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 24: Spain Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 25: Italy Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 26: Italy Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 27: Russia & CIS Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 28: Russia & CIS Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 29: Rest of Europe Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 30: Rest of Europe Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 31: Asia Pacific Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 32: Asia Pacific Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 33: Asia Pacific Sodium Formate Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2027
    Table 34: Asia Pacific Sodium Formate Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2027
    Table 35: China Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 36: China Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 37: Japan Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 38: Japan Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 39: India Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 40: India Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 41: ASEAN Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 42: ASEAN Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 43: Rest of Asia Pacific Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 44: Rest of Asia Pacific Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 45: Latin America Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 46: Latin America Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 47: Latin America Sodium Formate Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2027
    Table 48: Latin America Sodium Formate Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2027
    Table 49: Brazil Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 50: Brazil Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 51: Mexico Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 52: Mexico Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 53: Rest of Latin America Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 54: Rest of Latin America Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 55: Middle East & Africa Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 56: Middle East & Africa Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 57: Middle East & Africa Sodium Formate Market Volume (Kilo Tons) Forecast, by Country and Sub-region, 2019–2027
    Table 58: Middle East & Africa Sodium Formate Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2027
    Table 59: GCC Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 60: GCC Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 61: South Africa Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 62: South Africa Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027
    Table 63: Rest of Middle East & Africa Sodium Formate Market Volume (Kilo Tons) Forecast, by Application, 2019–2027
    Table 64: Rest of Middle East & Africa Sodium Formate Market Value (US$ Mn) Forecast, by Application, 2019–2027

    List of Figures

    Figure 1: Global Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, 2019–2027 
    Figure 2: Global Sodium Formate Market Value Share, by Application, 2018 and 2027
    Figure 3: Global Sodium Formate Market Attractiveness, by Application
    Figure 4: Global Sodium Formate Market Value Share, by Region, 2018 and 2027
    Figure 5: Global Sodium Formate Market Attractiveness, by Region
    Figure 6: North America Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, 2019–2027
    Figure 7: North America Sodium Formate Market Attractiveness, by Country
    Figure 8: North America Sodium Formate Market Value Share, by Application, 2018 and 2027
    Figure 9: North America Sodium Formate Market Value Share, by Country, 2018 and 2027
    Figure 10: North America Sodium Formate Market Attractiveness, by Application
    Figure 11: Europe Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, 2019–2027
    Figure 12: Europe Sodium Formate Market Attractiveness, by Country and Sub-region
    Figure 13: Europe Sodium Formate Market Value Share, by Application, 2018 and 2027
    Figure 14: Europe Sodium Formate Market Value Share, by Country and Sub-region, 2018 and 2027
    Figure 15: Europe Sodium Formate Market Attractiveness, by Application
    Figure 16: Asia Pacific Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, 2019–2027
    Figure 17: Asia Pacific Sodium Formate Market Attractiveness, by Country and Sub-region
    Figure 18: Asia Pacific Sodium Formate Market Value Share, by Application, 2018 and 2027
    Figure 19: Asia Pacific Sodium Formate Market Value Share, by Country and Sub-region, 2018 and 2027
    Figure 20: Asia Pacific Sodium Formate Market Attractiveness, by Application
    Figure 21: Latin America Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, 2019–2027
    Figure 22: Latin America Sodium Formate Market Attractiveness, by Country and Sub-region
    Figure 23: Latin America Sodium Formate Market Value Share, by Application, 2018 and 2027
    Figure 24: Latin America Sodium Formate Market Value Share, by Country and Sub-region, 2018 and 2027
    Figure 25: Latin America Sodium Formate Market Attractiveness, by Application
    Figure 26: Middle East & Africa Sodium Formate Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, 2019–2027
    Figure 27: Middle East & Africa Sodium Formate Market Attractiveness, by Country and Sub-region
    Figure 28: Middle East & Africa Sodium Formate Market Value Share, by Application, 2018 and 2027
    Figure 29: Middle East & Africa Sodium Formate Market Value Share, by Country and Sub-region, 2018 and 2027
    Figure 30: Middle East & Africa Sodium Formate Market Attractiveness, by Application
    Figure 31: Global Sodium Formate Market Share, by Company, 2018

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