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Potassium formate

  • 6700CNY/TON Updated: 2026-10-13
  • Price change (DoD): 0
    Average price (3M):6615 CNY/TON
    Price Level(1Y):Mid
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Potassium formate Prices Trends in China

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Potassium formate Prices sources

Reg Spec 2026/10/11 2026/10/12 2026/10/13 ChangeUnit Comparison
East China
  • Shandong 97% 6650 6700 6700 0/0 CNY/TON

Potassium formate Market share- How big is the Potassium formate market?

China and Germany are the leading exporters of potassium formate, accounting for a substantial share of global shipments, while the United States, South Korea, and Norway are the largest importers—driven primarily by oilfield drilling fluid demand. Imports into the U.S. and South Korea have remained relatively stable over the past three years, while potassium formate prices have shown modest upward pressure amid tightening supply from key Chinese producers.

About Potassium formate

Potassium formate is a white, crystalline, hygroscopic solid with no significant odor and high water solubility; it decomposes before boiling and has a melting point of approximately 253 °C. It is classified as an alkali metal salt of a short-chain organic acid (formic acid) and functions primarily as a versatile inorganic–organic hybrid compound. Industrially, it serves as a de-icing agent for airports and sensitive infrastructure due to its low toxicity and corrosion inhibition properties, and as a buffering agent and catalyst in oilfield drilling fluids. It is also employed as a heat transfer medium in low-temperature systems and as a precursor in the synthesis of formic acid, potassium oxalate, and specialty catalysts. Typical application areas include oil and gas extraction, winter road maintenance, and chemical manufacturing—particularly in processes requiring non-chloride, biodegradable alternatives.

Potassium formate (potassium salt of formic acid), an organic acid used as a drilling fluid additive, was treated using EK. It is mainly used for preparation of an aqueous solution filling the well, in foreign country, potassium formate began to be used in drilling and completion fluids in 1990s, it is especially used in high-density drilling and completion fluid system, and achieved good results. Drilling fluid system which formulated with potassium formate has outstanding advantages of strong inhibition, good compatibility, environmental protection, reservoir protection. Field application results shows that potassium formate can inhibite clay water divide.
white crystalline solid

This chemical is included in Fine Chemicals. See more about what is Potassium formate and Potassium formate SDS information.

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