Sodium Formate Market Size, Share, Emerging Trends and Forecast 2024-2030
The report " Sodium Formate Market by Application (Catalyst, Reducing Agent, Chemical Intermediate, Food Additive, De-icing Agent, Work-over Fluids, Others), by Industry Vertical (Aviation, Food & Beverage, Textile, Printing, Oil & Gas, Chemical, Others)- Global Forecasts to 2030”.
The global sodium formate market is projected to reach USD 507.3 million in 2023, registering at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period 2024-2030. The growth of the market is majorly driven by the increased regulations associated with organic acids.