Sodium Formate Market Size, Share, Growth and Industry analysis, By Type (>97%, <97%), By Application (Pharmaceutical, Food & Feed Additives, Agriculture, Textile & Printing, Aerospace, leather tanning, Others) and Regional Forecast to 2034

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SODIUM FORMATE MARKET OVERVIEW

The global sodium formate market was valued at USD 0.4 billion in 2025 and is expected to grow to USD 0.42 billion in 2026, reaching USD 0.61 billion by 2035, with a projected CAGR of 4.78% during the forecast period.As of 2024, Asia-Pacific accounted for approximately 45% of the global sodium formate market share.

The United States Sodium Formate Market size is projected at USD 0.07061 Billion in 2025, the Europe Sodium Formate Market size is projected at USD 0.10567 Billion in 2025, and the China Sodium Formate Market size is projected at USD 0.06174 Billion in 2025.

The global COVID-19 pandemic has been unprecedented and staggering, with sodium formate experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Sodium formate is the simplest organic carboxylate. It is an organic sodium salt. It has powders with a slight formic acid odor and white crystals. Soluble in about 1.3 parts of water and glycerin, slightly soluble in ethanol, and octanol, and insoluble in ether. Its aqueous solution is alkaline.

Eco-friendly properties of the product and several advantages of it such as bio-degradable, cost-effective is anticipated to fuel market growth. Increased demand from the food & beverage, oil & gas dyeing & printing sector is estimated to surge market growth. It has an anti-corrosion agent and increased regulation associated with organic acids is predicted to foster market growth. Further, growing inclination towards an ecologically sound solution and huge adoptions of the product in the aerospace sector is anticipated to accelerate market growth On the contrary, fluctuating raw material cost and availability of alternatives is anticipated to harm market growth in the forthcoming years.

KEY FINDINGS

COVID-19 IMPACT

Shutdown of End-User Sectors and Slower Economic Growth to Halt Market Progress

The COVID-19 epidemic significantly affected market growth due to the shutdown of end-user sectors. Slower economic growth and lack of construction activities to minimize market growth. Inadequate raw materials and supply and chain disruption reduced market growth.

LATEST TRENDS

Huge Demand from End-User Sector to Foster Market Growth

Increased demand from the food & beverage, oil & gas dyeing & printing sector is estimated to surge market growth. It has an anti-corrosion agent and increased regulation associated with organic acids is predicted to foster market growth. Further, growing inclination towards an ecologically sound solution and huge adoptions of the product in the aerospace sector is anticipated to accelerate market growth. The rise in demand for lubricants that are corrosion-resistant, non-flammable, and nontoxic is predicted to foster market growth in the upcoming years.

• The preservative application segment accounted for over 40 % of global sodium formate usage in 2023, driven by its role in food preservation and personal-care products

• The corrosion inhibitor segment held just over 25 % share in 2023, reflecting rising use in oil & gas pipeline protection and cooling

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SODIUM FORMATE MARKET SEGMENTATION

By Type

Based on type, the market is divided into pharma grade and industrial grade.

Pharma grade is expected to be the top part of the segmentation type.

By Application

Based on the application, the market is divided into pharmaceutical, food & feed additives, agriculture, textile & printing, aerospace, and others.

Food & feed additives are expected to be the top part of application segmentation.

DRIVING FACTORS

Discovery of New Oil and Gas Reserves to Accelerate Market Growth

Numerous oil corporations are searching for gas deposits and fresh oil. The product is used to control and stop the production of sand from wells. A huge need for new potential and discovered gas reserves is anticipated to enhance the market growth. It has eco-friendly properties of the product and several advantages of it such as bio-degradable, cost-effective are anticipated to fuel market growth. Increased inclination towards ecologically sound solutions among consumers is predicted to drive market growth. It has several advantages such as it is used in the leather tanning business for its purity, consistency, and dependability properties and is estimated to surge sodium formate market growth in the forthcoming years.

• Approximately 40 % of global sodium formate demand stems from the leather tanning industry, where it enhances pH control and penetration

• The textile auxiliary segment contributed slightly over 20 % of market volume in 2023, as sodium formate stabilizes dyes and improves color fastness

Huge Need from Aerospace Sector to Surge Market Growth

Increased demand from the aerospace sector and gradual switching to formate-based deicers due to growing worries about the environmental impact of deicing chemicals like urea and acetates. Increased adoption of the product in the aircraft sector and a huge need for aerospace are anticipated to accelerate market growth. The main application of sodium formate in this area has been de-icing runways because, when mutual with corrosion inhibitors and other additives, it quickly enters solid snow and ice layers, releasing the snow from the concrete and melting it at a rapid rate. These features are anticipated to drive market growth in the upcoming years.

RESTRAINING FACTORS

Fluctuation of Raw Material Cost and Availability of Alternatives to Limit Market Growth

Fluctuating raw material costs and the availability of alternatives are anticipated to harm market growth in the forthcoming years.

• Less than 25 % of surveyed road agencies have adopted formate-based de-icers (including sodium formate), with chlorides still predominant

• Under 25 % of major airports use organic-salt deicers (potassium acetate, sodium formate, etc.), limiting expansion in aviation

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SODIUM FORMATE MARKET REGIONAL INSIGHTS

Several Properties of the Product and Increased Manufacturing Units in Asia Pacific to Drive Market Share

Asia Pacific is anticipated to dominate the sodium formate market share due to the eco-friendly properties of the product and several advantages of it such as bio-degradable, cost-effective are anticipated to fuel market growth. Increased demand from the food & beverage, oil & gas dyeing & printing sector is estimated to surge market growth. It has an anti-corrosion agent and increased regulation associated with organic acids is predicted to foster market growth. Further, growing inclination towards an ecologically sound solution and huge adoption of the product in the aerospace sector is anticipated to accelerate market growth in the upcoming years.

North America is anticipated to witness significant market growth increased demand for aircraft sector and rapid urbanization in the region is estimated to fuel market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

Leading Players Adopt New Strategies to Stay Competitive

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

• Alder S.p.A.: Alder S.p.A. supplies sodium formate primarily to European textile and tanning sectors, accounting for nearly 15% of regional industrial-grade demand as of 2023, according to EU REACH compliance data.

• Zibo Ruibao Chemicals Co., Ltd.: Zibo Ruibao operates a dedicated sodium formate facility with an annual output capacity exceeding 25,000 tons, covering over 10% of China’s domestic requirement, as per data from China Chemical Industry Association (CCIA).

List of Top Sodium Formate Companies

• Alder S.p.A.
• Zibo Ruibao Chemicals Co., Ltd.
• MKS Marmara
• LUXI Group
• Puyang Yongan Chemical Co., Ltd (YACC)
• Kanoria Chemicals & Industries Ltd.
• Metafrax
• Perstorp Holdings

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.