Mercado mundial de formiato de sodio: tendencias de la industria y pronóstico hasta 2031

Análisis y tamaño del mercado de formiato de sodio

En la industria textil, el formiato de sodio desempeña un papel crucial como agente reductor y regulador del pH en los procesos de teñido y estampado. Ayuda a fijar los tintes en las fibras de los tejidos, garantizando colores vibrantes y duraderos. El formiato de sodio ayuda a mejorar la solidez del color de los textiles , mejorando su durabilidad y resistencia al lavado. Su capacidad para regular los niveles de pH en los baños de tintura garantiza condiciones óptimas para la absorción del tinte y una coloración uniforme. El formiato de sodio se utiliza en auxiliares textiles para impartir propiedades específicas, como características antiarrugas y antiestáticas a los tejidos, lo que amplía aún más sus aplicaciones en el mercado.

El tamaño del mercado mundial de formiato de sodio se valoró en USD 495,73 millones en 2023 y se proyecta que alcance los USD 820,42 millones para 2031, con una CAGR del 6,5% durante el período de pronóstico de 2024 a 2031.

Además de la información sobre escenarios de mercado como valor de mercado, tasa de crecimiento, segmentación, cobertura geográfica y actores principales, los informes de mercado seleccionados por Data Bridge Market Research también incluyen un análisis profundo de expertos, producción y capacidad por empresa representada geográficamente, diseños de red de distribuidores y socios, análisis detallado y actualizado de tendencias de precios y análisis de déficit de la cadena de suministro y la demanda.

Alcance del informe y segmentación del mercado

Definición de mercado

El formiato de sodio es un compuesto químico con la fórmula NaCHO₂. Se utiliza comúnmente en diversas industrias, incluidas las textiles, el cuero y la descongelación. En el sector textil, actúa como agente reductor y regulador del pH, mientras que en aplicaciones de descongelación, reduce eficazmente el punto de congelación del agua.

Dinámica del mercado del formato de sodio

Conductores

• Expansión del formato de sodio debido al alto desarrollo de infraestructura

A medida que los países invierten en proyectos de infraestructura, como carreteras, puentes y aeropuertos, aumenta la necesidad de agentes antihielo eficaces, como el formiato de sodio, en particular en regiones con climas fríos. La capacidad del formiato de sodio para reducir el punto de congelación del agua lo convierte en la opción preferida para evitar la acumulación de hielo en carreteras, pistas y aceras, lo que garantiza un transporte y un uso de la infraestructura más seguros durante los meses de invierno. El creciente énfasis en la resiliencia y el mantenimiento de la infraestructura alimenta aún más la demanda de formiato de sodio, lo que impulsa el crecimiento del mercado en el sector de los antihielo.

• Expansión de la industria del cuero debido a la mayor adopción de formato de sodio

A medida que aumenta la demanda de productos de cuero, en particular en regiones como Asia-Pacífico, aumenta la necesidad de formiato de sodio como componente clave en el proceso de curtido del cuero. El formiato de sodio actúa como agente curtiente y regulador del pH, facilitando la penetración de los agentes curtientes en el cuero y asegurando una coloración y calidad uniformes. La rápida urbanización y el aumento de los ingresos disponibles impulsan la demanda de productos de cuero por parte de los consumidores, lo que alimenta aún más la expansión de la industria del cuero y, en consecuencia, la demanda de formiato de sodio. Esta tendencia subraya el papel integral del formiato de sodio en el apoyo al crecimiento de la industria del cuero y su dinámica de mercado.

Oportunidades

• Alta demanda de formiato de sodio debido a los crecientes avances tecnológicos

Innovations in manufacturing processes have led to the development of more efficient and cost-effective methods for producing sodium formate, thereby improving its availability and affordability in the market. Additionally, advancements in textile dyeing and printing technologies have increased the demand for sodium formate as a key component in achieving superior color fixation and color fastness properties. Overall, technological progress continues to drive growth and innovation within the sodium formate market, propelling it towards new heights.

• Expanding Oil and Gas Exploration Sector Increases Adoption of Sodium Formate

Sodium formate ability to stabilize shale formations, control fluid density, and reduce fluid loss during drilling operations makes it indispensable for efficient and safe drilling processes. With the continuous demand for oil and gas globally, particularly in challenging environments such as deepwater and shale formations, the need for effective drilling fluids containing sodium formate is expected to rise.

Restraints/Challenges

• Growing Environmental Concerns Hampers the Growth of Sodium Formate

While sodium formate serves various industrial purposes, its disposal and potential impact on ecosystems raise environmental alarms. The chemical's runoff into water bodies could disrupt aquatic ecosystems and pose risks to aquatic life. Additionally, sodium formate's production may involve energy-intensive processes, contributing to carbon emissions. Strict regulations governing wastewater discharge and chemical usage require industries to invest in costly treatment methods, adding to operational expenses.

• Fluctuating Raw Material Prices limits the Growth of Sodium Formate

Key raw materials such as formic acid and sodium hydroxide can experience price volatility due to factors such as changes in supply-demand dynamics, geopolitical tensions, and currency fluctuations. These fluctuations can disrupt production costs and profit margins for sodium formate manufacturers, affecting their competitiveness in the market. Moreover, uncertainty surrounding raw material prices makes long-term planning and pricing strategies challenging, potentially hindering investment and expansion efforts within the industry.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In August 2020, BASF bolstered its footprint in China through the acquisition of alkoxylates production assets from Sinopec Shanghai Petrochemical Company (SPC). This strategic move involved BASF purchasing SPC's property, structures, and assets adjacent to its operations in Jinshan, China. This acquisition aimed to enhance BASF's capabilities and presence in the Chinese market, particularly in the production of alkoxylates

Sodium Formate Market Scope

The market is segmented on the basis of product type, application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Sodium Organic Salt
• Ammonium Organic Salt
• Zinc Organic Salt
• Magnesium Organic Salt

Application

• Aviation
• Food and Beverage
• Textile
• Printing
• Oil and Gas
• Chemical
• Electron
• Agriculture
• Industrial
• Other Applications

 End-Use

• Catalyst
• Reducing Agent
• Manufacture of Sodium Hydrosulfite
• Intermediate for the Manufacture of Formic Acid and Oxalic Acid
• Manufacture of N
• N-Dimethylformamide
• De-icing Agent
• Oilfield Services
• Work-Over Fluids
• Other End Uses

Sodium Formate Market Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, product type, application and end use as referenced above.

The countries covered in the market report are U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Europe dominates in the market due to the region benefits from favorable government policies that support the production and trade of sodium formate. Additionally, established trade agreements within Europe facilitate efficient distribution and export opportunities. Europe's advanced chemical industry infrastructure enables cost-effective manufacturing processes, further enhancing its competitive edge. The continent's emphasis on sustainability and environmental regulations align well with sodium formate's applications, driving demand within the region.

North America is expected grow in the market due to the rising demand for fabric t-shirts and outdoor clothing in the region. Sodium formate is a key component in the textile industry, particularly in dyeing and printing processes. With consumers' growing preference for comfortable and durable clothing, the demand for fabric t-shirts and outdoor attire is expected to surge, consequently driving the need for sodium formate as a textile auxiliary. This trend underscores North America's significant role in shaping the global sodium formate market dynamics over the forecast period.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Sodium Formate Market Share Analysis

El panorama competitivo del mercado proporciona detalles por competidor. Los detalles incluidos son una descripción general de la empresa, las finanzas de la empresa, los ingresos generados, el potencial de mercado, la inversión en investigación y desarrollo, las nuevas iniciativas de mercado, la presencia global, los sitios e instalaciones de producción, las capacidades de producción, las fortalezas y debilidades de la empresa, el lanzamiento de productos, la amplitud y variedad de productos, y el dominio de las aplicaciones. Los puntos de datos anteriores proporcionados solo están relacionados con el enfoque de la empresa en relación con el mercado.

Algunos de los principales actores que operan en el mercado son:

• Perstorp (Suecia)
• BASF SE (Alemania)
• MKS Marmara Tüm Haklari Saklidir (Turquía)
• Alder SpA (Italia)
• Productos químicos Metafrax (Austria)
• Pinturas asiáticas (India)
• Kanoria Chemicals & Industries Ltd. (India)
• Zibo ruibao química co., Ltd. (Porcelana)
• SOLVAY (Bélgica)
• Honeywell International Inc (Estados Unidos)
• TCI Chemicals (India) Pvt. Ltd. (India)
• Avantor, Inc. (Estados Unidos)
• Vertellus (Reino Unido)
• Acros Organics (Bélgica)

SKU-53183