| Product Code: ETC8895159 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Portugal`s sodium formate import market saw a significant increase in concentration levels in 2024, with the top exporting countries being Denmark, Germany, China, Spain, and Belgium. The high concentration indicates a growing dominance of these key players in the market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 18.54%, showcasing the strong demand for sodium formate in Portugal. Additionally, the growth rate from 2023 to 2024 stood at 8.26%, indicating a continued upward trend in imports of sodium formate into the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Portugal Sodium Formate Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Sodium Formate Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Sodium Formate Market - Industry Life Cycle |
3.4 Portugal Sodium Formate Market - Porter's Five Forces |
3.5 Portugal Sodium Formate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Portugal Sodium Formate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for sodium formate in the leather tanning industry due to its effectiveness in chrome tanning processes. |
4.2.2 Increasing use of sodium formate as a de-icing agent on airport runways and highways, especially during winter seasons. |
4.2.3 Rising adoption of sodium formate in the oil and gas industry for drilling and completion fluids, as it helps enhance shale stability. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of sodium formate, such as formic acid and sodium hydroxide. |
4.3.2 Stringent regulations regarding environmental impact and disposal of sodium formate waste, leading to increased compliance costs. |
5 Portugal Sodium Formate Market Trends |
6 Portugal Sodium Formate Market, By Types |
6.1 Portugal Sodium Formate Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Portugal Sodium Formate Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Portugal Sodium Formate Market Revenues & Volume, By Food Additives, 2021- 2031F |
6.1.4 Portugal Sodium Formate Market Revenues & Volume, By Agriculture, 2021- 2031F |
6.1.5 Portugal Sodium Formate Market Revenues & Volume, By Textile and Printing, 2021- 2031F |
6.1.6 Portugal Sodium Formate Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.1.7 Portugal Sodium Formate Market Revenues & Volume, By Others, 2021- 2031F |
7 Portugal Sodium Formate Market Import-Export Trade Statistics |
7.1 Portugal Sodium Formate Market Export to Major Countries |
7.2 Portugal Sodium Formate Market Imports from Major Countries |
8 Portugal Sodium Formate Market Key Performance Indicators |
8.1 Average selling price of sodium formate in the Portugal market. |
8.2 Percentage increase in sodium formate usage in the leather tanning industry. |
8.3 Number of new applications or industries adopting sodium formate as a substitute for other chemicals. |
9 Portugal Sodium Formate Market - Opportunity Assessment |
9.1 Portugal Sodium Formate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Portugal Sodium Formate Market - Competitive Landscape |
10.1 Portugal Sodium Formate Market Revenue Share, By Companies, 2024 |
10.2 Portugal Sodium Formate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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