Sodium Formate Market: Sales of Sodium Formate Exceeded US$ 210 Mn in 2018Posted by Arslan on July 16th, 2019 A recently compiled report of Fact.MR, titled “Sodium Formate Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2029,” gives a comprehensive analysis on the sodium formate market worldwide. Size of the sodium formate market has been gauged in a comprehensive manner and is presented in terms of value (US$ Mn) and volume (tons). The report also provides a thorough analysis and forecast on the different segments and the competitive landscape of the sodium formate market. Global consumption volume of sodium formate neared 640 thousand tons in 2018, according to a recent research study of Fact.MR. Highly influenced by a couple of strong restraining factors, the global sodium formate consumption volume is likely to record a mere 2.5% Y-o-Y growth in 2019. Strengthening sustainable raw material pricing strategies will remain among the key actionable areas for leading stakeholders in the sodium formate market, in addition to leveraging the traction witnessed for high-efficiency de-icing agents. Key operators in the sodium formate manufacturing landscape have been facing sluggish demand as a result of the availability of multiple low-priced alternatives of sodium formate, according to Fact.MR’s analysis. However, research studies that have revealed considerable biodegradability of sodium formate point to a gradually progressing demand scenario that may shape the global market over forthcoming years. For Additional Insights on the Key Dynamics Influencing Sodium Formate Market: https://www.factmr.com/connectus/sample?flag=S&rep_id=2357 Key Growth Determinants - Sodium Formate Market
Sodium Format Landscape - Competition Analysis According to the Fact.MR study, consolidation of market leaders is characterizing the global competition landsacape of sodium formate market. While the key companies actively operating in sodium formate marketplaces are focused on retaining their global footprint on the basis of stronger sales strategies, improvement of their regional foothold will remain highly influenced by application-specific strategies. For instance, the European market for sodium formate has been recently observing prioritization of sodium formate production capacity expansion by regional leaders, who are keen on tapping the escalating demand for sustainable de-icing solutions for airport runways, bridges, and other structures within the region that always demand an effective de-icing treatment. On the other hand, followers in the competition landscape are likely to majorly rely on strategic partnerships to achieve a dual objective of enhanced manufacturing output and business expansion. Like it? Share it!More by this author |