Global Sodium Formate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Sodium Organic Salt, Ammonium Organic Salt, Zinc Organic Salt, and Magnesium Organic Salt.

By Application;

Food & Feed Additives, Agriculture, Textile & Printing, Aerospace, and Others.

By End-Use Industry;

Textile, Construction, and Automotive.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn552770950 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Sodium Formate Market (USD Million), 2021 - 2031

In the year 2024, the Global Sodium Formate Market was valued at USD 498.67 million. The size of this market is expected to increase to USD 687.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.7%.

The global sodium formate market is an essential segment within the broader chemical industry, driven by its diverse applications and critical role in various industrial processes. Sodium formate, a sodium salt of formic acid, is a white crystalline powder that is used in numerous applications including as a buffering agent, a preservative, and in the production of other chemicals. Its utility extends across several industries, including pharmaceuticals, textiles, and agriculture, which contributes to its growing demand worldwide.

The market for sodium formate has been expanding due to its increasing application in de-icing and anti-corrosion agents, which are pivotal in maintaining infrastructure during winter months. Additionally, its role as a key ingredient in the production of formic acid and other chemicals further supports its market growth. The rise in environmental concerns and regulatory pressures have also spurred innovations in the production and application of sodium formate, aiming to enhance its efficiency and sustainability.

Geographically, the sodium formate market is experiencing significant growth in regions such as Asia-Pacific, North America, and Europe. In Asia-Pacific, rapid industrialization and growing manufacturing activities are major drivers. Meanwhile, North America and Europe are focusing on technological advancements and regulatory compliance to bolster the market.

Overall, the global sodium formate market is set to benefit from its versatile applications and the increasing demand for efficient and sustainable chemical solutions. As industries continue to evolve and seek innovative products, sodium formate is poised to play a crucial role in various sectors, driving its market growth and development.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product

    2. Market Snapshot, By Application
    3. Market Snapshot, By End-Use Industry
    4. Market Snapshot, By Region
  4. Global Sodium Formate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Pulp & Paper Growth

        2. Chemical Manufacturing

        3. Water Treatment

        4. Industrial Applications

      2. Restraints
        1. Regulatory Issues

        2. Market Volatility

        3. Environmental Concerns

        4. Substitute Products

      3. Opportunities
        1. Sustainability Trends

        2. Expansion in Applications

        3. Increased Urbanization

        4. Regulatory Support

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Sodium Formate Market, By Product, 2021 - 2031 (USD Million)
      1. Sodium Organic Salt
      2. Ammonium Organic Salt
      3. Zinc Organic Salt
      4. Magnesium Organic Salt
    2. Global Sodium Formate Market, By Application, 2021 - 2031 (USD Million)
      1. Food & Feed Additives
      2. Agriculture
      3. Textile & Printing
      4. Aerospace
      5. Others
    3. Global Sodium Formate Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Textile
      2. Construction
      3. Automotive
    4. Global Sodium Formate Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Perstorp Holdings
      2. ADDCON
      3. Honeywell International Inc.
      4. Metafrax
      5. Kanoria Chemicals & Industries Ltd.
      6. MKS Marmara
      7. Luxi Chemical Group Co., Ltd.
      8. Hubei Yihua Chemical Co., Ltd.
      9. Shandong Kailong Chemical Technology Development Co., Ltd.
      10. Zibo Ruibao Chemical Co., Ltd.
      11. Yuanping Chemicals Co., Ltd.
      12. ZIBO AIHENG NEW MATERIAL CO.,LTD
      13. Tokyo Chemical Industry Co., Ltd.
      14. Alder S.p.A
      15. Zouping Fenlian Biotech Co.,Ltd.
      16. Haihang Industry Co., Ltd.
      17. Chongqing Chuandong Chemical (Group)Co., Ltd
      18. American Elements
      19. Rock Chemie Co.
      20. Jost Chemical Co
  7. Analyst Views
  8. Future Outlook of the Market