The paraformaldehyde market size was valued at $1.6 billion in 2020, and is projected to reach $2.8 billion by 2030, at a CAGR of 5.5% from 2021 to 2030.
Paraformaldehyde is a white crystalline solid, which is widely used as a disinfectant and fixative. Polyformaldehyde has a strong pungent odor similar to that of formaldehyde due to decomposition. It contains 89-91% formaldehyde and 9-11% water. Vacuum drying process and spray drying are the two major processes used to manufacture paraformaldehyde. It is toxic and is a potential carcinogen.
The significant growth of the agricultural sector is expected to foster the demand for paraformaldehyde, thereby driving the growth of the global paraformaldehyde market. Paraformaldehyde is depolymerized and used as a fumigant, disinfectant, bactericide, and fixative. Paraformaldehyde is further used to make thermoplastics. Therefore, the rise in demand for thermoplastics in the construction industry and development of the plastics industry promote the market growth. Moreover, paraformaldehyde is used to make resin adhesives, which, in turn, are used to make particleboard, medium-density fiberboard, and plywood using melamine, phenol, or other reactants. In addition, it is used to synthesize trimethylolpropane, melamine resin, urea resin, ethylene glycol & ion exchange resin, pentaerythritol, phenolic resin, and N-methylolacrylamide. Thus, increase in applications of paraformaldehyde notably contributes toward the growth of the global market. However, toxicity and carcinogenicity of paraformaldehyde are expected to hinder market growth. In addition, the transportation of paraformaldehyde is hazardous, which limits the market growth.
The global paraformaldehyde market is segmented into application and region. By application, the market is categorized into resins, agrochemicals, medical, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Alfa Aesar, Alpha Chemika, Caldic, Celanese, Chemanol, Ekta International, Ercros, Jinan Xiangrui Chemical Co., Ltd., Merck, and Yinhe Chemical. The global paraformaldehyde market report provides in-depth competitive analysis as well as profiles of these major players.
2. Alpha Chemika
3. Caldic
4. Celanese
5. Chemanol
6. Ekta International
7. Ercros
8. Jinan Xiangrui Chemical Co., Ltd.
9. Merck
10. Yinhe Chemical
Paraformaldehyde is a white crystalline solid, which is widely used as a disinfectant and fixative. Polyformaldehyde has a strong pungent odor similar to that of formaldehyde due to decomposition. It contains 89-91% formaldehyde and 9-11% water. Vacuum drying process and spray drying are the two major processes used to manufacture paraformaldehyde. It is toxic and is a potential carcinogen.
The significant growth of the agricultural sector is expected to foster the demand for paraformaldehyde, thereby driving the growth of the global paraformaldehyde market. Paraformaldehyde is depolymerized and used as a fumigant, disinfectant, bactericide, and fixative. Paraformaldehyde is further used to make thermoplastics. Therefore, the rise in demand for thermoplastics in the construction industry and development of the plastics industry promote the market growth. Moreover, paraformaldehyde is used to make resin adhesives, which, in turn, are used to make particleboard, medium-density fiberboard, and plywood using melamine, phenol, or other reactants. In addition, it is used to synthesize trimethylolpropane, melamine resin, urea resin, ethylene glycol & ion exchange resin, pentaerythritol, phenolic resin, and N-methylolacrylamide. Thus, increase in applications of paraformaldehyde notably contributes toward the growth of the global market. However, toxicity and carcinogenicity of paraformaldehyde are expected to hinder market growth. In addition, the transportation of paraformaldehyde is hazardous, which limits the market growth.
The global paraformaldehyde market is segmented into application and region. By application, the market is categorized into resins, agrochemicals, medical, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Alfa Aesar, Alpha Chemika, Caldic, Celanese, Chemanol, Ekta International, Ercros, Jinan Xiangrui Chemical Co., Ltd., Merck, and Yinhe Chemical. The global paraformaldehyde market report provides in-depth competitive analysis as well as profiles of these major players.
Key benefits for stakeholders
- The report outlines the current paraformaldehyde market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
By Application
- Resins
- Agrochemicals
- Medical
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
1. Alfa Aesar2. Alpha Chemika
3. Caldic
4. Celanese
5. Chemanol
6. Ekta International
7. Ercros
8. Jinan Xiangrui Chemical Co., Ltd.
9. Merck
10. Yinhe Chemical
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PARAFORMALDEHYDE MARKET, BY APPLICATION
CHAPTER 5: PARAFORMALDEHYDE MARKET, BY REGION
CHAPTER 6: COMPETITIVE LANDSCAPE
CHAPTER 7: COMPANY PROFILES:
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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