The global Sodium Formate market size is predicted to grow from US$ 369 million in 2025 to US$ 433 million in 2031; it is expected to grow at a CAGR of 2.7% from 2025 to 2031.
Sodium formate is an organic sodium salt which is the monosodium salt of formic acid. It has a role as a buffer and an astringent. It contains a formate.
United States market for Sodium Formate is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Sodium Formate is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Sodium Formate is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Sodium Formate players cover Luxi Chemical, Koei Chemical, Kanoria Chemicals & Industries, Asian Paints, Hawkins, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
The “Sodium Formate Industry Forecast” looks at past sales and reviews total world Sodium Formate sales in 2024, providing a comprehensive analysis by region and market sector of projected Sodium Formate sales for 2025 through 2031. With Sodium Formate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sodium Formate industry.
This Insight Report provides a comprehensive analysis of the global Sodium Formate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sodium Formate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Sodium Formate market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sodium Formate and breaks down the forecast by Purity, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sodium Formate.
This report presents a comprehensive overview, market shares, and growth opportunities of Sodium Formate market by product type, application, key manufacturers and key regions and countries.
Segmentation by Purity:
≥98% Purity
≥95% Purity
≥92% Purity
Other
Segmentation by Application:
Sodium Dithionite
Oxalic Acid
Formic Acid
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Luxi Chemical
Koei Chemical
Kanoria Chemicals & Industries
Asian Paints
Hawkins
Hubei Yihua Chemical Industry
Anhui Dongfeng Chemical
Dongying Shuntong Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Sodium Formate market?
What factors are driving Sodium Formate market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sodium Formate market opportunities vary by end market size?
How does Sodium Formate break out by Purity, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Sodium Formate Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Sodium Formate by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Sodium Formate by Country/Region, 2020, 2024 & 2031
2.2 Sodium Formate Segment by Purity
2.2.1 ≥98% Purity
2.2.2 ≥95% Purity
2.2.3 ≥92% Purity
2.2.4 Other
2.3 Sodium Formate Sales by Purity
2.3.1 Global Sodium Formate Sales Market Share by Purity (2020-2025)
2.3.2 Global Sodium Formate Revenue and Market Share by Purity (2020-2025)
2.3.3 Global Sodium Formate Sale Price by Purity (2020-2025)
2.4 Sodium Formate Segment by Application
2.4.1 Sodium Dithionite
2.4.2 Oxalic Acid
2.4.3 Formic Acid
2.4.4 Other
2.5 Sodium Formate Sales by Application
2.5.1 Global Sodium Formate Sale Market Share by Application (2020-2025)
2.5.2 Global Sodium Formate Revenue and Market Share by Application (2020-2025)
2.5.3 Global Sodium Formate Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Sodium Formate Breakdown Data by Company
3.1.1 Global Sodium Formate Annual Sales by Company (2020-2025)
3.1.2 Global Sodium Formate Sales Market Share by Company (2020-2025)
3.2 Global Sodium Formate Annual Revenue by Company (2020-2025)
3.2.1 Global Sodium Formate Revenue by Company (2020-2025)
3.2.2 Global Sodium Formate Revenue Market Share by Company (2020-2025)
3.3 Global Sodium Formate Sale Price by Company
3.4 Key Manufacturers Sodium Formate Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Sodium Formate Product Location Distribution
3.4.2 Players Sodium Formate Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Sodium Formate by Geographic Region
4.1 World Historic Sodium Formate Market Size by Geographic Region (2020-2025)
4.1.1 Global Sodium Formate Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Sodium Formate Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Sodium Formate Market Size by Country/Region (2020-2025)
4.2.1 Global Sodium Formate Annual Sales by Country/Region (2020-2025)
4.2.2 Global Sodium Formate Annual Revenue by Country/Region (2020-2025)
4.3 Americas Sodium Formate Sales Growth
4.4 APAC Sodium Formate Sales Growth
4.5 Europe Sodium Formate Sales Growth
4.6 Middle East & Africa Sodium Formate Sales Growth
5 Americas
5.1 Americas Sodium Formate Sales by Country
5.1.1 Americas Sodium Formate Sales by Country (2020-2025)
5.1.2 Americas Sodium Formate Revenue by Country (2020-2025)
5.2 Americas Sodium Formate Sales by Purity (2020-2025)
5.3 Americas Sodium Formate Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Sodium Formate Sales by Region
6.1.1 APAC Sodium Formate Sales by Region (2020-2025)
6.1.2 APAC Sodium Formate Revenue by Region (2020-2025)
6.2 APAC Sodium Formate Sales by Purity (2020-2025)
6.3 APAC Sodium Formate Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Sodium Formate by Country
7.1.1 Europe Sodium Formate Sales by Country (2020-2025)
7.1.2 Europe Sodium Formate Revenue by Country (2020-2025)
7.2 Europe Sodium Formate Sales by Purity (2020-2025)
7.3 Europe Sodium Formate Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Sodium Formate by Country
8.1.1 Middle East & Africa Sodium Formate Sales by Country (2020-2025)
8.1.2 Middle East & Africa Sodium Formate Revenue by Country (2020-2025)
8.2 Middle East & Africa Sodium Formate Sales by Purity (2020-2025)
8.3 Middle East & Africa Sodium Formate Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Sodium Formate
10.3 Manufacturing Process Analysis of Sodium Formate
10.4 Industry Chain Structure of Sodium Formate
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Sodium Formate Distributors
11.3 Sodium Formate Customer
12 World Forecast Review for Sodium Formate by Geographic Region
12.1 Global Sodium Formate Market Size Forecast by Region
12.1.1 Global Sodium Formate Forecast by Region (2026-2031)
12.1.2 Global Sodium Formate Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Sodium Formate Forecast by Purity (2026-2031)
12.7 Global Sodium Formate Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Luxi Chemical
13.1.1 Luxi Chemical Company Information
13.1.2 Luxi Chemical Sodium Formate Product Portfolios and Specifications
13.1.3 Luxi Chemical Sodium Formate Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Luxi Chemical Main Business Overview
13.1.5 Luxi Chemical Latest Developments
13.2 Koei Chemical
13.2.1 Koei Chemical Company Information
13.2.2 Koei Chemical Sodium Formate Product Portfolios and Specifications
13.2.3 Koei Chemical Sodium Formate Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Koei Chemical Main Business Overview
13.2.5 Koei Chemical Latest Developments
13.3 Kanoria Chemicals & Industries
13.3.1 Kanoria Chemicals & Industries Company Information
13.3.2 Kanoria Chemicals & Industries Sodium Formate Product Portfolios and Specifications
13.3.3 Kanoria Chemicals & Industries Sodium Formate Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Kanoria Chemicals & Industries Main Business Overview
13.3.5 Kanoria Chemicals & Industries Latest Developments
13.4 Asian Paints
13.4.1 Asian Paints Company Information
13.4.2 Asian Paints Sodium Formate Product Portfolios and Specifications
13.4.3 Asian Paints Sodium Formate Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Asian Paints Main Business Overview
13.4.5 Asian Paints Latest Developments
13.5 Hawkins
13.5.1 Hawkins Company Information
13.5.2 Hawkins Sodium Formate Product Portfolios and Specifications
13.5.3 Hawkins Sodium Formate Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Hawkins Main Business Overview
13.5.5 Hawkins Latest Developments
13.6 Hubei Yihua Chemical Industry
13.6.1 Hubei Yihua Chemical Industry Company Information
13.6.2 Hubei Yihua Chemical Industry Sodium Formate Product Portfolios and Specifications
13.6.3 Hubei Yihua Chemical Industry Sodium Formate Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Hubei Yihua Chemical Industry Main Business Overview
13.6.5 Hubei Yihua Chemical Industry Latest Developments
13.7 Anhui Dongfeng Chemical
13.7.1 Anhui Dongfeng Chemical Company Information
13.7.2 Anhui Dongfeng Chemical Sodium Formate Product Portfolios and Specifications
13.7.3 Anhui Dongfeng Chemical Sodium Formate Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Anhui Dongfeng Chemical Main Business Overview
13.7.5 Anhui Dongfeng Chemical Latest Developments
13.8 Dongying Shuntong Chemical
13.8.1 Dongying Shuntong Chemical Company Information
13.8.2 Dongying Shuntong Chemical Sodium Formate Product Portfolios and Specifications
13.8.3 Dongying Shuntong Chemical Sodium Formate Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Dongying Shuntong Chemical Main Business Overview
13.8.5 Dongying Shuntong Chemical Latest Developments
14 Research Findings and Conclusion
*If Applicable.
