Stratistics MRC에 따르면, 세계의 포름산칼륨 시장은 2025년 8억 3,000만 달러를 차지하고, 예측 기간 동안 8.0%의 연평균 복합 성장률(CAGR)로 성장하고, 2032년까지는 14억 2,000만 달러에 달할 것으로 예측되고 있습니다.
포름산칼륨은 화학식 HCOOK로 나타나는 포름산의 칼륨염입니다. 투명하고 무취, 수용성이 높은 화합물이며, 제빙제, 열전달 유체, 석유 및 가스 굴삭 유체로서 일반적으로 사용되고 있습니다.
효율적인 열전달 유체에 대한 수요 증가
포름산칼륨계 용액은 열전도성이 뛰어나 효율적인 열방산을 필요로 하는 용도에 최적입니다. 정부와 규제 기관도 환경 친화적인 대체품을 추진하고 있으며, 포름산칼륨 수요를 밀어 올리고 있습니다.
변동하는 원료 가격
원료 가격의 변동은 포름산칼륨 시장에 큰 과제를 던지고 있습니다. 제조업체는 생산 비용을 최적화하고 안정적인 원료 소스를 확보함으로써 이러한 과제를 극복해야 합니다.
산업화 및 인프라 개발 확대
전 세계적으로 산업화와 인프라 정비 프로젝트가 증가하고 있으며, 포름산칼륨 시장에 유리한 기회를 가져오고 있습니다. 신흥 경제 국가들은 인프라에 많은 투자를 하고 있으며, 첨단 화학 솔루션에 대한 수요를 부추기고 있습니다.
저렴한 대체품 가용성
산업계는 비용 효율적인 선택을 요구하는 경우가 많기 때문에 가격에 민감한 시장에서는 포름산칼륨의 보급이 제한될 가능성이 있습니다. 일부 산업은 비용 절감보다 환경적 이점을 우선시하지 않을 수 있으며, 포름산칼륨 시장 점유율에 영향을 미칩니다.
COVID-19의 영향
팬데믹은 포름산칼륨 시장에 다양한 영향을 미쳤으며 처음에는 혼란을 일으켰지만 나중에 탄력있는 공급망의 필요성을 부각시켰습니다. 그러나, 팬데믹 이후의 회복에 따라 지속가능성과 효율성이 중시되고, 포름산칼륨 기반의 솔루션이 지지되게 되었습니다.
예측기간 동안 굴착유 부문은 최대가 될 것으로 예상
굴착유 부문은 굴착 작업을 안정시키는 역할이 있기 때문에 예측기간 중 최대 시장 점유율을 차지할 것으로 예측됩니다.
예측기간 중 농업분야의 CAGR이 가장 높아질 전망
예측 기간 동안 포름산칼륨 기반 비료와 토양 개량제의 채용이 증가하고 있기 때문에 농업 분야가 가장 높은 성장률을 나타낼 것으로 예측됩니다. 포름산칼륨은 전통적인 농약과 비교하여 환경 친화적이라는 장점도 있습니다.
예측 기간 동안 아시아태평양이 가장 큰 시장 점유율을 차지할 것으로 예측됩니다. 환경 친화적인 대체품을 촉진하는 정부의 규제는 산업 전반에 걸쳐 채용을 가속화하고 있습니다.
예측기간 동안 북미는 그 선진적인 업계 정세와 지속가능성의 중시에 따라 가장 높은 CAGR을 나타낼 것으로 예측됩니다. 높은 인프라에 대한 투자 증가와 기술의 진보가 시장의 확대를 뒷받침하고 있습니다.
According to Stratistics MRC, the Global Potassium Formate Market is accounted for $0.83 billion in 2025 and is expected to reach $1.42 billion by 2032 growing at a CAGR of 8.0% during the forecast period. Potassium formate is a potassium salt of formic acid with the chemical formula HCOOK. It is a clear, odorless, and highly water-soluble compound commonly used as a de-icing agent, heat transfer fluid, and in oil and gas drilling fluids. Due to its low freezing point and environmental friendliness compared to chloride-based alternatives, potassium formate is preferred for applications requiring high performance and minimal ecological impact.
Increased demand for efficient heat transfer fluids
Potassium formate-based solutions offer superior thermal conductivity, making them ideal for applications requiring efficient heat dissipation. Additionally, their low environmental impact compared to conventional fluids has increased adoption. The growing emphasis on energy efficiency and sustainability across industries further fuels market expansion. Governments and regulatory bodies are also promoting eco-friendly alternatives, boosting demand for potassium formate. As industrial activities continue to rise, the necessity for reliable heat transfer fluids strengthens market growth.
Fluctuating raw material prices
The volatility of raw material prices poses a significant challenge to the potassium formate market. Prices of essential components such as potassium hydroxide and formic acid are influenced by global supply chain dynamics. Economic uncertainties, trade restrictions, and fluctuations in the availability of these materials contribute to price instability. Manufacturers must navigate these challenges by optimizing production costs and securing stable raw material sources. Additionally, the dependence on imports can create vulnerability to market disruptions.
Growing industrialization and infrastructure development
The increasing industrialization and infrastructure projects worldwide present lucrative opportunities for the potassium formate market. Its applications in construction, de-icing, drilling fluids, and heat transfer systems continue to expand as industries scale up operations. Developing economies are investing heavily in infrastructure, fuelling the demand for advanced chemical solutions. Furthermore, the efficiency of fluids based on potassium formate is improved by technological developments in production methods.
Availability of cheaper alternatives
Industries often seek cost-effective options, which can limit potassium formate's penetration in price-sensitive markets. Additionally, the preference for traditional chemicals over innovative alternatives poses a barrier to widespread adoption. Some industries may not prioritize environmental benefits over cost savings, affecting potassium formate's market share. Continuous education and awareness about its superior efficiency can help mitigate this threat.
Covid-19 Impact
The pandemic had a mixed impact on the potassium formate market, causing initial disruptions but later highlighting the need for resilient supply chains. Lockdowns and transportation restrictions hindered production and distribution, temporarily slowing market expansion. However, the post-pandemic recovery saw an increased focus on sustainability and efficiency, favoring potassium formate-based solutions. Infrastructure projects also regained momentum, further boosting market prospects.
The drilling fluids segment is expected to be the largest during the forecast period
The drilling fluids segment is expected to account for the largest market share during the forecast period, due to its role in stabilizing drilling operations. It is widely used as a drilling fluid additive in oil and gas exploration, offering environmental benefits and superior performance. Its ability to reduce corrosion and enhance thermal stability makes it a preferred choice. The rising number of drilling activities, particularly in offshore locations, further fuels demand.
The agriculture segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the agriculture segment is predicted to witness the highest growth rate, due to the increasing adoption of potassium formate-based fertilizers and soil enhancers. Its effectiveness in improving soil fertility and crop yield drives demand among farmers. Additionally, potassium formate offers eco-friendly advantages compared to conventional agricultural chemicals. Rising awareness about soil health and plant nutrition amplifies its market potential.
During the forecast period, the Asia Pacific region is expected to hold the largest market share. Countries like China and India are investing significantly in construction and manufacturing sectors, boosting potassium formate demand. Additionally, the region's focus on energy efficiency and sustainable solutions favours market expansion. Government regulations promoting eco-friendly alternatives accelerate adoption across industries. The presence of major chemical manufacturers further strengthens supply chain reliability.
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to its advanced industrial landscape and emphasis on sustainability. The region's strong oil and gas exploration activities drive high demand for potassium formate-based drilling fluids. Furthermore, increasing investment in infrastructure and technological advancements boost market expansion. The focus on environmental regulations encourages the adoption of potassium formate over conventional solutions.
Key players in the market
Some of the key players profiled in the Potassium Formate Market include Perstorp Holding AB, Clariant, Thermo Fisher Scientific Inc., Eastman Chemical Company, TETRA Technologies Inc., ADDCON GmbH, Dynalene, Inc., Hawkins, American Elements, Hangzhou Focus Chemical Co., Ltd., Xinjiang Guolin New Materials Co., Ltd., ESSECO UK, Nachurs Alpine Solutions, SLB, and Shouguang Hengtong Chemical Co., Ltd.
In April 2025, Eastman and Axilone have partnered to develop cosmetic packaging featuring Eastman Cristal(TM) One Renew IM812, a recycled and recyclable resin that features a crystal clear appearance akin to glass. This new and innovative material enables luxury cosmetic brands to reduce their environmental footprint while adhering to high aesthetic standards.
In December 2024, PETRONAS Chemicals Group Berhad (PCG) announced Perstorp Holding AB has acquired 100 percent of the shares of OQ Chemicals Nederland B.V. from OQ Chemicals GmbH. The deal provides Sweden-based Perstorp with full ownership and control over all of the Dutch company's production assets, related technology and employees.