Global Paraformaldehyde Market, By Purity (>94% and above 94%), Type (PF(91%-93%) and PF(95%-97%)), Application (Pesticide, Coating, Resin, Papermaking and Others), End Use (Petroleum Industry, Ink, Oil and Paints, Electrical Industry, Plastic Industry and Rubber Industry), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Paraformaldehyde Market
The paraformaldehyde market is expected to witness market growth at a rate of 6.0% in the forecast period of 2021 to 2028 and is expected to reach USD 1706.3 million by 2028. Data Bridge Market Research report on paraformaldehyde market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for better quality is escalating the growth of paraformaldehyde market.
Paraformaldehyde is known a white crystalline solid substance, it is moulded by formaldehyde polymerization, and it forms a white precipitate in the aqueous solution of formaldehyde. A small amount of methanol is frequently added as a stabilizer to restrain the degree of polymerization. Paraformaldehyde is utilized as fungicide, disinfectant, fixative and fumigant once it is depolymerized. It was also popularly utilized as a thermoplastic in the root canal treatment.
Major factors that are expected to boost the growth of paraformaldehyde market in the forecast period are the paraformaldehyde is widely utilized in the synthesis of agrochemicals including pesticides, fungicide and insecticide. Furthermore, the rise in the agricultural industry and the limited occurrence of arable land and the rise in the population and preference is further anticipated to propel the growth of the paraformaldehyde market. Moreover, the rise in the need for agrochemicals is further estimated to cushion the growth of the paraformaldehyde market. On the other hand, strict government regulations are further projected to impede the growth of the paraformaldehyde market in the timeline period.
- In addition, the rise in the need for thermosetting resin including phenol, urea, melamine, resorcinol and others will further provide potential opportunities for the growth of the paraformaldehyde market in the coming years. However, the obtainability of product alternatives might further challenge the growth of the paraformaldehyde market in the near future.
This paraformaldehyde market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the paraformaldehyde market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Paraformaldehyde Market Scope and Market Size
The paraformaldehyde market is segmented on the basis of purity, type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of purity, the paraformaldehyde market is segmented into >94% and above 94%.
- On the basis of type, the paraformaldehyde market is segmented into PF (91%-93%) and PF (95%-97%).
- On the basis of application, the paraformaldehyde market is segmented into pesticide, coating, resin, papermaking and others.
- On the basis of end use, the paraformaldehyde market is segmented into petroleum industry, ink, oil and paints, electrical industry, plastic industry and rubber industry.
Paraformaldehyde Market Country Level Analysis
The paraformaldehyde market is segmented on the basis of purity, type, application and end use.
The countries covered in the paraformaldehyde market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the paraformaldehyde market due to the rise in the production of paraformaldehyde. Furthermore, the growing development in construction, automotive, and agricultural sectors and rising disposable income will further boost the growth of the paraformaldehyde market in the region during the forecast period. Middle East and Africa is projected to observe significant amount of growth in the paraformaldehyde market due to the rise in the production of laminates, pentaerythritol, MDI, and wood panels.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Paraformaldehyde Market Share Analysis
The paraformaldehyde market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the paraformaldehyde market.
The major players covered in the paraformaldehyde market report are Alpha Chemika., Thana Acid & Chemical Company, Caldic B.V., Pure Chemistry Scientific Inc., Changzhou Koye Chemical Co., Ltd., Nantong Jihai Chemical Co., Ltd., InterAtlas Chemical Inc., GFS Chemical, Inc., Parchem fine & specialty chemicals., Alfa Aesar, Ercros S.A., Celanese Corporation, JINAN XIANGRUI CHEMICAL CO., LTD, Shouguang Shouguang Tuobo Chemical Group Co., Ltd., LCY Group, Yinhe Chemical, Wanhua., Linyi Tai’er Trading Co., Ltd., Shouguang Xudong, Xiangrui Chemical, NINGBO CHEMREN CO., LTD., Sichuan Chemical Group Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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