Potassium formate is a white crystalline substance that is hygroscopic in nature. It can be transformed into a liquid form by dissolving it in water. Potassium Formate is used in a variety of industrial applications and can also be employed as a heat transfer fluid for various cooling processes. It has found significant popularity as a replacement for calcium chloride in de-icing and drilling fluids.
Besides its numerous uses as an anti-corrosive and deicing agent, potassium formate is used in the manufacture of fertilizers. It is a highly effective soil conditioner and helps in enhancing crop yield. Potassium formate is a popular choice of airport operators for de-icing and snow melting applications. Stringent environmental regulations in the aviation sector are promoting the use of eco-friendly Potassium formate salts as a substitute for other harmful halide-based products. Potassium formate is an ideal substitute for sodium chloride and calcium chloride as it is non-toxic to humans and animals and has a lower impact on the environment as compared to other halide-based products. Potassium formate is non-corrosive and does not contaminate water bodies. As stringent environmental regulations influence manufacturers across industries to adopt sustainable materials and practices. It is an eco-friendly material that improves polymer stability and has numerous applications in oil field industry, de-icing agents and heating and cooling fluids. Moreover, the product finds extensive use as a de-icing solution and heat transfer fluids. The growing trend of airports to utilize environment-friendly and safe ice melt products is further pushing the market. Manufacturers are focusing on the development of high-performing and efficient solutions, which will help them gain competitive advantage. The industry is highly dependent on key raw materials for its production, and thus, any adverse change in the operations and financial conditions of major suppliers will impact their profitability. Potassium formate-based liquids are largely utilized in the airport industry as a de-icing agent for runways and taxiways. It is an ecofriendly alternative to traditional sodium chloride-based salts used in runway deicing. Unlike sodium chloride-based salts, it does not disturb water and nutrient balance in the soil, damage infrastructure or increase particulate pollution in cities. Its low Chemical Oxygen Demand (COD) minimizes wastewater treatment costs and ensures a sustainable environment. Moreover, it can be easily diluted with water and applied to a variety of surface types without any loss of performance or stability. Hence, it is also utilized as a deicing agent for sidewalks and roadways in cities and suburbs. With a growing focus on sustainability, manufacturers in various sectors are seeking viable solutions for heating and cooling applications. Potassium formate finds application as a heat transfer liquid in refrigerated systems, replacing calcium chloride and other brine solutions. Potassium Formate can be produced in brine (liquid) or powder form. Companies focusing on production of the chemical largely rely on key raw materials such as formic acid and potassium hydroxide. The volatility in prices of these raw materials will adversely impact the company’s profitability in the long run.
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