Sodium Formate Market Remain Dominant due to Application like Protecting Cosmetics and Personal Care Products from Spoilage

Global Sodium Formate Consumption Market is segmented based on type, application, and region. Sodium formate is a white, odorless crystalline material that is soluble in water, sparingly soluble in alcohols, but insoluble in organic solvents. It is a sodium salt of formic acid. Chemical formula of sodium formate is HCOONa or HCO2Na. Sodium hydrosulphite/dithionite are the chemicals produced using sodium formate and are widely used as a bleaching agent for pulp and paper, as deicer, and in the leather tanning process.

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Sodium Formate Consumption Market is classified, by type into Magnesium Organic Salt, Sodium Organic Salt, Zinc Organic Salt, and Ammonium Organic Salt. Sodium Formate Consumption Market is classified, by application into Agriculture, Industrial, Electron, Food, and others. Sodium Formate Consumption Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

It is widely used for the production of oxalic acid, formic acid, insurance powder and other chemicals. They are also used as a preservative in cosmetics and personal care products that helps to prevent bacterial growth, thus protecting cosmetics and personal care products from spoilage. For mineral acids it is used as a buffering agent to increase their pH. In medical, it is used as a cry protectant for X-ray diffraction tests on protein crystals.

Asia Pacific regional market accounted for the largest market share of the Sodium Formate Consumption Market and is expected to remain dominant over the forecast period. China and India are the largest users of Sodium Formate, the reason being government support, easy availability of land, skilled and trained personnel’s. Whereas, countries like Vietnam, Singapore, Taiwan, Malaysia, and Thailand are the main manufacturers of sodium formate in Asia Pacific.

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On the other hand, Latin American regional market is expected to grow at fastest pace over the forecast period. North America and Europe are developed markets and projected to experience modest growth. Sodium Formate Consumption Industry key players are, Shanxi Reliance Chemicals Co. Ltd., Xiamen Ditai Chemicals Co., Ltd, Qingdao Ruchang Mining Industry Co., Ltd, Zibo Jiashitai Chemical Technology, A. M Food Chemical Ltd., and A. M food Chemical.