New FMI Report Explores Impact of COVID-19 Outbreak on Potassium formate Market - PowerPoint PPT Presentation

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New FMI Report Explores Impact of COVID-19 Outbreak on Potassium formate Market

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According to the study, new oil and gas drilling projects in Asia are fuelling demand for drilling fluids, which in turn, is creating sustained opportunities for stakeholders across the potassium formate value chain. – PowerPoint PPT presentation

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Title: New FMI Report Explores Impact of COVID-19 Outbreak on Potassium formate Market


1
Potassium Formate Market Will Grow Over CAGR
around 4.1 Between 2019 to 2029
  • April 2020

Report Id REP-GB-9834 Published On
July-2015 Category Chemicals and Materials
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
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  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
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  • Chemicals Materials
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Subscription Information


For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Potassium Formate Market Analysis
Future Market Insights new market research
report opines that global potassium formate
market is likely to witness significant growth
during 2019 to 2029 on back of growing
applications in drilling fluids, de-icing, and
heating fluids. Valued at nearly US 513 Mn in
2018, global revenues are likely to grow at a
CAGR of 4.1, during the forecast period 2019 to
2029. Demand has also been positively influenced
by growing preference for environmentally-sustaina
ble products, especially in drilling fluids,
de-icing, and heating fluids. The report opines
that a combination of macroeconomic and
industry-specific factors will drive potassium
format demand during the course of the forecast
period. South Asia and East Asia Continue to be
Lucrative According to the study, new oil and
gas drilling projects in Asia are fuelling demand
for drilling fluids, which in turn, is creating
sustained opportunities for stakeholders across
the potassium formate value chain. Potassium
formate is gaining traction in oil gas sector,
owing to its favorable properties and
environmental feasibility. South Asia and East
Asia collectively accounted for over 26 of the
global potassium formate market current, and the
authors of the report do not see the status quo
changing anytime soon.
5
Potassium Formate Market Analysis
  • The broader push by governments in the region,
    and over-reliance on oil economy is likely to
    create sustained opportunities for potassium
    formate market players throughout the forecast
    period.
  • Drilling Fluid Likely to Remain a Key Application
  • The potassium formate market has been segmented
    on the basis of form, application, and region.
  • Brine (liquid) form of potassium formate
    accounted for major share of overall potassium
    formate demand, in 2018. Easy handling and
    storage of brines and its ease of use due to its
    liquid form, can be attributed to its large share
    in the overall potassium formate market
  • Drilling fluid application is projected to lead
    the application segment of the potassium formate
    market. Potassium formate is used in drilling
    fluids and is being more popular due to its
    compatibility and favorable properties.
    Traditional salts are being replaced by potassium
    formate in various applications including
    drilling fluid application.
  • North America and Europe led the demand for
    potassium formate market in 2018. Presence of
    large oil gas industry and also more snow
    falling countries in these regions, is attributed
    for its larger share. However, the growth is
    expected from Asian countries during the forecast
    period.

6
Potassium Formate Market Analysis
Potassium Formate Market Vendor Insights The
report highlights the key market players that are
prominent and have established their position in
the global potassium formate market. The examples
of the key players in this value chain of
potassium formate are BASF, ADDCON, Perstorp,
Cabot, Evonik, Honeywell and ICL among others.
The market players are providing premium customer
services, technical support and an extensive
range of potassium formate products in order to
serve small to large customers across different
industries and further expand their market
presence by adapting new strategies including new
product development and joint venture. The
players are strategically focusing on building
new partnerships and a strong client base. Some
of the leading players are pushing the potassium
formate sale in de-icing application due to its
environmental feasibility and favorable
properties. Request for covid19 Impact Analysis
https//www.futuremarketinsights.com/covid19/REP-G
B-9834 Press Release Source https//www.globenew
swire.com/news-release/2019/06/20/1871840/0/en/Pot
assium-Formate-Market-is-expected-to-Rise-at-4-1-C
AGR-During-2019-to-2029-Future-Market-Insights.htm
l
7
Potassium Formate Market Analysis
  • More from FMIs Chemicals Materials Market
    Intelligence
  • Barite Market
  • Polyurea Coatings Market
  • Ceiling Tiles Market
  • About Future Market Insights (FMI)
  • Future Market Insights (FMI) is a leading
    provider of market intelligence and consulting
    services, serving clients in over 150 countries.
    FMI is headquartered in London, the global
    financial capital, and has delivery centers in
    the U.S. and India. FMIs largest market research
    reports and industry analysis help businesses
    navigate challenges and take critical decisions
    with confidence and clarity amidst breakneck
    competition.

8
Potassium Formate Market Analysis
Contact Mr. Abhishek Budholiya Unit No AU-01-H
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9
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4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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