POTASSIUM FORMATE MARKET ANALYSIS
Market Regional Analysis
Asia Pacific is expected to hold a significant share in the global potassium formate market during the forecast period. This is owing to increasing oil and gas drilling projects in the region, which is expected to increase the demand for potassium formate. Potassium formate has a strong foothold in oil and gas industry, due to its environmental feasibility and useful properties. Moreover, North America and Latin America are expected to account for major market share, owing to increasing oil and gas drilling activities in the Gulf of Mexico.
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