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Sodium Formate Market

The market for Sodium Formate was estimated at $491 million in 2025; it is anticipated to increase to $632 million by 2030, with projections indicating growth to around $815 million by 2035.

Report ID:DS1301070
Author:Vineet Pandey - Business Consultant
Published Date:
Datatree
Chemicals & Materials
Bulk & Commodity Chemicals
Sodium Formate
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Report Summary
Market Data
Methodology
Table of Contents

Global Sodium Formate Market Outlook

Revenue, 2025

$491M

Forecast, 2035

$814M

CAGR, 2026 - 2035

5.2%

The Sodium Formate industry revenue is expected to be around $490.6 million in 2026 and expected to showcase growth with 5.2% CAGR between 2026 and 2035. The rapid expansion of the sodium formate market can be credited to major factors driving its growth momentum! Its importance in a range of industrial uses has attracted a broader customer base and consequently spurred an uptick in demand for it! The shifts within the chemical industry brought about by advancements and the rise of eco friendly alternatives are propelling the market expansion for sodium formate as well! Additionally the sustained importance of sodium formate, in advancing eco manufacturing processes is further propelling market growth momentum!

there has been a surge in the popularity of sodium formate as a chemical compound known for its user friendly nature and high solubility in water while being environmentally safe as well. Its primary uses include fabric care products and food preservation along with being a deicing agent which are driving factors for its increasing demand in the market. The growing trend towards eco alternatives and bio based materials has sparked more interest, in the applications of sodium formate.

Sodium Formate market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2025-2035
Sodium Formate Market Outlook

Market Key Insights

  • The Sodium Formate market is projected to grow from $490.6 million in 2025 to $815 million in 2035. This represents a CAGR of 5.2%, reflecting rising demand across Leather Tanning Industry, Concrete and Deicing Industry, and Textile Industry.

  • The market exhibits an oligopolistic structure with only 6 prominent players, with Perstorp Holding AB and BASF SE commanding the largest shares.

  • U.S. and China are the top markets within the Sodium Formate market and are expected to observe the growth CAGR of 3.4% to 5.0% between 2025 and 2030.

  • Emerging markets including Vietnam, Indonesia and Brazil are expected to observe highest growth with CAGR ranging between 6.0% to 7.2%.

  • Industry players are pushing the adoption of transitions like Adaptation to Greener Alternatives for future years due to existing low growth of 5.2% ; but are also expected to invest $17 million by 2030.

  • The Sodium Formate market is set to add $324 million between 2025 and 2035, with manufacturer targeting Oil & Gas & Chemical Application projected to gain a larger market share.

  • With

    increased use in leather tanning, and

    Industrial Application Growth, Sodium Formate market to expand 66% between 2025 and 2035.

sodium formate market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Sodium Formate - Country Share Analysis

Opportunities in the Sodium Formate

In today's world where successful industries thrive on partnerships and alliances play a crucial role in defining success levels for businesses Sodium formate suppliers have also the opportunity to team up with major players, in related sectors.

Growth Opportunities in North America and Europe

North America is a thriving market for sodium formate with a focus on the oil and gas sector where it is used as a deicer and drilling fluid due to theindustry'sshift towards eco solutions driven by sustainability concerns. A detailed chemical industry in North America is also contributing to the increased demand for sodium formate, in applications. In the face of competition from both local and global rivals its become clear that innovation and quality are essential for success. A breakthrough has been made with this product finding an use in creating formic acid, a developmentthat'smaking waves in the region. Sodium formate is now seen as an more effective alternative compared to traditional approaches. This innovative use has led to possibilities in important industries, fuelingsignificant growth, in the regional market.
In Europe like in North America's market demands are fueled by the urgent search for new and eco friendly de icing solutions that work effectively and sustainably. Especially for the aviation sector. Sodium formate is becoming increasingly popular in this field for its top notch performance and eco friendliness. Furthermore the rising opportunities in animal farming industry poultry farming are boosting the need for sodium formate as a preservative, in animal feed.

Market Dynamics and Supply Chain

01

Driver: Increased Use in Leather Tanning, and Development in Formate-based Drilling Fluids

In the leather tanning industry sodium formate plays a role as a key chemical. It helps chromium penetrate and absorb into the leather thereby improving its quality. With the growth of leather production the need for sodium formate is also expected to surge accordingly. Its ability to enhance quality ensures its continued importance, in the industry. The oil and gas sector has also begun to embrace formate infused drilling fluids for their improved efficiency and reduced environmental footprint. By incorporating sodium formate into these fluids the lubrication is also enhanced formation damage is also minimized. Temperature sensitive areas are also stabilized.
The expanding use of sodium formate in industries indicates further development ahead. Its ability to deice surfaces has also proven to be highly valuable in areas like using it for deicing airport runways ensures safe and efficient operations there The expansion of the aviation sector and the urgent requirement for effective deicing agents are also expected to positively impact the sodium formate market It provides a less corrosive and eco friendly substitute, for conventional deicing salts which gives it an advantage in this field.
02

Restraint: High Manufacturing Cost

The manufacturing of sodium formate undergoes methods like dry processing and wet processing along with oxidation processes which demand significant resource allocation and time investment. It frequently leads to production expenses that pose a notable hurdle, in the industry sector. The escalated manufacturing costs ultimately drive up the market price of sodium formate making it challenging for cost industries to embrace it. This pattern dissuades players from entering the market landscape and dampens competitive forces while limiting market expansion. Thus it poses a challenge that must be tackled in order to maintain the stability of the sodium formate market.
03

Opportunity: Capitalizing Sustainable Leather Tanning Techniques and Exploring the De-Icing Industry

The increasing worldwide demand for eco industrial practices has led to a growing interest in using sodium formate in the environmentally conscious leather tanning industry. By incorporating sodium formate into the tanning process than relying on traditional methods it is possible to minimize environmental impact while also providing a superior quality and cost efficient option. Nations with established leather sectors like Italy, China and India show potential, for significant expansion by adopting sodium formate technology in their operations.
The deicing industry has potential for sodium formate utilization as the need for effective and environmentally friendly solutions continues to rise due to ongoing weather challenges faced globally by various sectors such, as industrial and commercial applications.
04

Challenge: Stringent Environmental Regulations

The strict environmental regulations worldwide also play a role in the sodium formate markets dynamics. Sodium formate is widely used across industries but comes with environmental risks that need to be managed effectively. The production process could lead to waste disposal challenges that require attention. Moreover there are concerns from organizations regarding the potential groundwater contamination, from these substances.

Supply Chain Landscape

1

Raw Material Procurement

PerstorpBASF
2

Intermediate Processing

Eastman Chemical CompanyKemira
3

Production

PerstorpADDCONShandong Pulisi
4

End Use Industry

Leather TanningDe-IcingDrilling Fluids
Sodium Formate - Supply Chain

Use Cases of Sodium Formate in Leather Tanning & Textile

Leather Tanning Industry : In the leather tanning sector sodium formate is widely employed. It serves as both a shield and a preservative mainly ensuring the longevity and flexibility of leather goods. Its significance lies in its ability to contribute to the production of enduring leather. Key players in the industry like Lanxess AG and TFL make use of sodium formate in their operations acknowledging its value, for conditioning leather.
Concrete and Deicing Industry : Another important use of sodium formate is in the deicing sectors where it plays a crucial role. It speeds up the process of setting concrete by acting as an accelerator, which reduces the time needed for both final setting of cement making it easier to work with. Moreover sodium formate is widely employed as a deicing substance for airports and highways. Market leaders such, as BASF SE and Perstorp focus on manufacturing sodium formate for these purposes capitalizing on its strong qualities to ensure dependable concrete work and safe deicing operations.
Textile Industry : The textile sector often uses sodium formate in its dye and print operations for enhancing color vibrancy in fabric designs and ensuring high quality results with vibrant colors on textiles, like Textile Chemist & Colorist does to achieve superior fabric quality and vivid color rendering through its treatment processes.

Recent Developments

In the era with a growing emphasis on environmentally friendly and effective solutions in various sectors like oil drilling and food production, among others sodium formate has become increasingly sought after being a versatile substance mainly originating from formic acid.

December 2024 : BASF SE shared that they are boosting sodium formate production to meet the growing needs of industries, like leather tanning and deicing on a global scale.
October 2024 : The Dow Chemical Company has launched a range of eco friendly products made with sodium formate. These products make use of its ability to absorb moisture and act as a buffer in applications, like animal feed and food preservation.
August 2024 : Perstorp Holding AB introduced a novel assessment method, for sodium formate to enhance the precision and dependability of monitoring its quality throughout production.

Impact of Industry Transitions on the Sodium Formate Market

As a core segment of the Bulk & Commodity Chemicals industry, the Sodium Formate market develops in line with broader industry shifts. Over recent years, transitions such as Adaptation to Greener Alternatives and Rise of the Leather Industry have redefined priorities across the Bulk & Commodity Chemicals sector, influencing how the Sodium Formate market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Adaptation to Greener Alternatives

There has been a change in recent times towards the adoption of environmentally friendly products across different sectors of industry. One prime example of this transformation can be seen in the field of deicing operations. Sodium formate has emerged as an eco friendly substitute for conventional deicing agents and is gaining popularity, in airport runway deicing procedures. The high density and non corrosive properties of sodium formate enable it to penetrate ice and effectively prevent re freezing while enhancing overall safety measures. In light of this change in the industry landscape numerous companies have begun to allocate resources, towards the manufacturing of sodium formate thus contributing to the expansion of the market.
02

Rise of the Leather Industry

A crucial shift in the sodium formate sector is its demand within the leather industry where it is essential for processes like removing excess hair from animal hides and adjusting the pH levels of leather during tanning activities. The market demand for sodium formate has been notably affected by the popularity of leather goods, as luxury items and the rising purchasing power of consumers in times.