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2021
Paraformaldehyde Market

Paraformaldehyde Market by Application (Resins, Agrochemicals, Medical, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13737
Pages: 150
Sep 2021 | 184 Views
   
Author(s) : Snehal Mohite , Eswara Prasad
Tables: 66
Charts: 48
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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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.

Owing to COVID-19, the market witnessed significant dip due to closure of agrochemicals; however, the market is projected to witness strong growth in the next couple of years.

Paraformaldehyde [OH(CH2O)nH], also known as polyoxymethylene, is a white crystalline solid substance, which is formed by formaldehyde polymerization. It forms a white precipitate in the aqueous solution of formaldehyde. To reduce the extent of polymerization, a tiny amount of methanol is frequently added as a stabilizer. Alcohol, ether, and water are insoluble in paraformaldehyde, although it is soluble in alkali solutions. It is commercially sold based on its purity; the higher the purity of paraformaldehyde, the more expensive it is. Higher molecular homopolymers are robust and rigid, and they retain heat, solvent, and moisture well. Once depolymerized, paraformaldehyde is employed as a disinfectant, fungicide, fixative, and fumigant. In addition, it is widely utilized as a root canal treatment material.

Paraformaldehyde-2021-2030

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The synthesis of agrochemicals such as pesticides, fungicides, and insecticides heavily relies on paraformaldehyde. However, powdered paraformaldehyde is hazardous to human health, particularly mucosal membranes. It should be handled with extreme caution, and contact with the eyes, nose, and skin should be avoided. The negative impact of paraformaldehyde on human health acts as a key deterrent factor of the global paraformaldehyde market. Moreover, long-term exposure can be fatal, causing cancer as well as nasal and ocular discomfort, thus hampering the paraformaldehyde market growth.

The global paraformaldehyde market is segmented into application and region. On the basis of application, the market is segregated into resins, agrochemicals, medical, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The manufacturers studied and profiled in the report include Alfa Aesar, Alpha Chemika, Caldic, Celanese, Chemanol, Ekta International, Ercros, Jinan Xiangrui Chemical Co., Ltd., Merck, and Yinhe Chemical.

Paraformaldehyde market, by application

By application, the agrochemical segment accounted for around 41.8% of the paraformaldehyde market share in 2020. Agrochemicals will generate over $1,210.7 million by 2030, owing to the fact that paraformaldehyde is extensively used in the manufacture of herbicides such as glyphosate, acetochlor, butachlor, machete, and bismerthiazol.

Paraformaldehyde Market
By Application

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Agrochemicals is projected as the most lucrative segment.

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Paraformaldehyde market, by region 

Region wise, Asia-Pacific is expected to contribute 57.2% share in the global paraformaldehyde market, owing to increase in production of paraformaldehyde in China. India is expected to witness high demand for paraformaldehyde over the next seven years, due to the development of the construction, automotive, and agricultural sectors along with increase in disposable income.

Paraformaldehyde Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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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 analyze the potential of buyers & suppliers and the competitive scenario of the paraformaldehyde market 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 paraformaldehyde market analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact of COVID-19 on the global paraformaldehyde market

  • Some of the major economies suffering from the COVID-19 crisis include Germany, France, Italy, Spain, the UK, and Norway. Many industries have been shut down due to lack of raw material availability and disruptions in the supply chain, owing to the virus outbreak. The worldwide lockdown has suspended the marine and industrial activities, which results in decline in demand for paraformaldehyde.
  • Manufacture of oil & gas and other products across the globe came to a halt due to unavailability of raw materials and shortage of labor. This is expected to hamper the growth of the paraformaldehyde market growth.
  •  Increase in demand–supply gap, price volatility, and change in government policy are expected to affect the growth of various end-use industries. In terms of its immediate and long-term effect on industry and consumers, the COVID-19 pandemic has outpaced any headwind ever encountered. The world economy of paraformaldehyde industries has been experiencing a rapid slowdown due to constraints of the COVID-19 pandemic on economic activity.
  • Owing to COVID-19, the market witnessed significant dip due to closure of agrochemicals; however, the market is projected to witness strong growth in the next couple of years as situation continues to ease down in the North America and Asia-Pacific. 

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

  • Alfa Aesar
  • Alpha Chemika
  • Caldic
  • Celanese
  • Chemanol
  • Ekta International
  • Ercros
  • Jinan Xiangrui Chemical Co., Ltd.
  • Merck
  • Yinhe Chemical
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increase in applications of paraformaldehyde

3.4.2.Restraints

3.4.2.1.Health effects of paraformaldehyde

3.4.3.Opportunity

3.4.3.1.Growing demand from diverse industries to encourage growth

3.5.Patent analysis, 2015–2020

3.5.1.Patent analysis, by country
3.6.Impact of government rules and regulations
3.7.Impact of Corona (COVID-19) outbreak on the paraformaldehyde market
3.8.Pricing analysis

CHAPTER 4:PARAFORMALDEHYDE MARKET, BY APPLICATION

4.1.Overview

4.1.1.Market size and forecast

4.2.Resins

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Agrochemicals

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

4.4.Medical

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country

4.5.Other

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market share analysis, by country

CHAPTER 5:PARAFORMALDEHYDE MARKET, BY REGION

5.1.Overview

5.1.1.Market size and forecast, by region

5.2.North America

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by application
5.2.3.Market size and forecast, by country

5.2.3.1.U.S.

5.2.3.1.1.Market size and forecast, by application

5.2.3.2.Canada

5.2.3.2.1.Market size and forecast, by application

5.2.3.3.Mexico

5.2.3.3.1.Market size and forecast, by application

5.3.Europe

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by application
5.3.3.Market size and forecast, by country

5.3.3.1.Germany

5.3.3.1.1.Market size and forecast, by application

5.3.3.2.UK

5.3.3.2.1.Market size and forecast, by application

5.3.3.3.France

5.3.3.3.1.Market size and forecast, by application

5.3.3.4.Spain

5.3.3.4.1.Market size and forecast, by application

5.3.3.5.Italy

5.3.3.5.1.Market size and forecast, by application

5.3.3.6.Rest of Europe

5.3.3.6.1.Market size and forecast, by application

5.4.Asia-Pacific

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by application
5.4.3.Market size and forecast, by country

5.4.3.1.China

5.4.3.1.1.Market size and forecast, by application

5.4.3.2.Japan

5.4.3.2.1.Market size and forecast, by application

5.4.3.3.India

5.4.3.3.1.Market size and forecast, by application

5.4.3.4.South Korea

5.4.3.4.1.Market size and forecast, by application

5.4.3.5.Australia

5.4.3.5.1.Market size and forecast, by application

5.4.3.6.Rest of Asia-Pacific

5.4.3.6.1.Market size and forecast, by application

5.5.LAMEA

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by application
5.5.3.Market size and forecast, by country

5.5.3.1.Latin America

5.5.3.1.1.Market size and forecast, by application

5.5.3.2.Middle East

5.5.3.2.1.Market size and forecast, by application

5.5.3.3.Africa

5.5.3.3.1.Market size and forecast, by application

CHAPTER 6:COMPETITIVE LANDSCAPE

6.1.INTRODUCTION

6.1.1.MARKET PLAYER POSITIONING, 2020

6.2.TOP WINNING STRATEGIES

6.2.1.Top winning strategies, by year
6.2.2.Top winning strategies, by development
6.2.3.Top winning strategies, by company

6.3.PRODUCT MAPPING OF TOP 10 PLAYER
6.4.COMPETITIVE HEATMAP
6.5.KEY DEVELOPMENTS

6.5.1.Expansions
6.5.2.Acquisition

CHAPTER 7:COMPANY PROFILES:

7.1.Alpha Chemika

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Product portfolio

7.2.Caldic

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Product portfolio
7.2.4.Key strategic moves and developments

7.3.CELANESE CORPORATION

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Operating business segments
7.3.4.Product portfolio
7.3.5.Business performance

7.4.Chemanol

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Product portfolio

7.5.Ekta International

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Product portfolio

7.6.Ercros

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Product portfolio
7.6.4.Business performance
7.6.5.Key strategic moves and developments

7.7.GFS Chemical

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Product portfolio

7.8.Merck Group

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Operating business segments
7.8.4.Product portfolio
7.8.5.Business performance

7.9.THERMO FISHER SCIENTIFIC

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Operating business segments
7.9.4.Product portfolio
7.9.5.Business performance
7.9.6.Key strategic moves and developments

7.10.Thana Acid & Chemical Company

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Product portfolio

LIST OF TABLES

TABLE 01.PARAFORMALDEHYDE PRICING FORECAST BY TYPE,2020–2030 ($/KILOTON)
TABLE 02.PARAFORMALDEHYDE PRICING FORECAST BY REGION, 2020–2030 ($/KILOTON)
TABLE 03.PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 (KILOTONS)
TABLE 04.PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 05.PARAFORMALDEHYDE MARKET FOR RESINS, BY REGION, 2020-2030 (KILOTONS)
TABLE 06.PARAFORMALDEHYDE MARKET FOR RESINS, BY REGION, 2020-2030  ($MILLION)
TABLE 07.PARAFORMALDEHYDE MARKET FOR AGROCHEMICALS, BY REGION, 2020-2030(KILOTONS)
TABLE 08.PARAFORMALDEHYDE MARKET FOR AGROCHEMICALS, BY REGION, 2020-2030 ($MILLION)
TABLE 09.PARAFORMALDEHYDE MARKET FOR MEDICAL, BY REGION, 2020-2030(KILOTONS)
TABLE 10.PARAFORMALDEHYDE MARKET FOR MEDICAL, BY REGION, 2020-2030 ($MILLION)
TABLE 11.PARAFORMALDEHYDE MARKET FOR OTHER, BY REGION, 2020-2030(KILOTONS)
TABLE 12.PARAFORMALDEHYDE MARKET FOR OTHER, BY REGION, 2020-2030 ($MILLION)
TABLE 13.PARAFORMALDEHYDE MARKET, BY REGION 2020-2030(KILOTONS)
TABLE 14.PARAFORMALDEHYDE MARKET, BY REGION 2020-2030 ($MILLION)
TABLE 15.NORTH AMERICA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 16.NORTH AMERICA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 17.NORTH AMERICA PARAFORMALDEHYDE MARKET, BY COUNTRY 2020-2030(KILOTONS)
TABLE 18.NORTH AMERICA PARAFORMALDEHYDE MARKET, BY COUNTRY 2020-2030 ($MILLION)
TABLE 19.U.S. PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 20.U.S. PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 21.CANADA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 22.CANADA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 23.MEXICO PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 24.MEXICO PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 25.EUROPE PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 26.EUROPE PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 27.EUROPE PARAFORMALDEHYDE MARKET, BY COUNTRY 2020-2030(KILOTONS)
TABLE 28.EUROPE PARAFORMALDEHYDE MARKET, BY COUNTRY 2020-2030 ($MILLION)
TABLE 29.GERMANY PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 30.GERMANY PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 31.UK PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 32.UK PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 33.FRANCE PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 34.FRANCE PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 35.SPAIN PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 36.SPAIN PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 37.ITALY PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 38.ITALY PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 39.REST OF EUROPE PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 40.REST OF EUROPE PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 41.ASIA-PACIFIC PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 42.ASIA-PACIFIC PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 43.ASIA-PACIFIC PARAFORMALDEHYDE MARKET, BY COUNTRY 2020-2030 (KILOTONS)
TABLE 44.ASIA-PACIFIC PARAFORMALDEHYDE MARKET, BY COUNTRY 2020-2030 ($MILLION)
TABLE 45.CHINA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 46.CHINA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 47.JAPAN PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 48.JAPAN PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 49.INDIA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 50.INDIA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 51.SOUTH KOREA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 52.SOUTH KOREA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 53.AUSTRALIA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 54.AUSTRALIA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 55.REST OF ASIA-PACIFIC PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 56.REST OF ASIA-PACIFIC PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 57.LAMEA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 58.LAMEA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 59.LAMEA PARAFORMALDEHYDE MARKET, BY COUNTRY 2020-2030(KILOTONS)
TABLE 60.LAMEA PARAFORMALDEHYDE MARKET, BY COUNTRY 2020-2030 ($MILLION)
TABLE 61.LATIN AMERICA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 62.LATIN AMERICA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 63.MIDDLE EAST PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 64.MIDDLE EAST PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 65.AFRICA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030(KILOTONS)
TABLE 66.AFRICA PARAFORMALDEHYDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 67.KEY EXPANSIONS (2020-2021)
TABLE 68.KEY ACQUISITION (2020-2021)
TABLE 69.ALPHA CHEMIKA: COMPANY SNAPSHOT
TABLE 70.ALPHA CHEMIKA: PRODUCT PORTFOLIO
TABLE 71.CALDIC: COMPANY SNAPSHOT
TABLE 72.CALDIC: PRODUCT PORTFOLIO
TABLE 73.CALDIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 74.CELANESE CORPORATION: COMPANY SNAPSHOT
TABLE 75.CELANESE CORPORATION: OPERATING SEGMENTS
TABLE 76.CELANESE CORPORATION: PRODUCT PORTFOLIO
TABLE 77.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 78.CHEMANOL: COMPANY SNAPSHOT
TABLE 79.CHEMANOL: PRODUCT PORTFOLIO
TABLE 80.EKTA INTERNATIONAL: COMPANY SNAPSHOT
TABLE 81.EKTA INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 82.ERCROS: COMPANY SNAPSHOT
TABLE 83.ERCROS:PRODUCT PORFOLIO
TABLE 84.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 85.ERCROS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 86.GFS CHEMICAL: COMPANY SNAPSHOT
TABLE 87.GFS CHEMICAL: PRODUCT PORTFOLIO
TABLE 88.MERCK: COMPANY SNAPSHOT
TABLE 89.MERCK: OPERATING SEGMENTS
TABLE 90.MERCK: PRODUCT PORTFOLIO
TABLE 91.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 92.THERMO FISHER: COMPANY SNAPSHOT
TABLE 93.THERMO FISHER: OPERATING SEGMENTS
TABLE 94.ALFA AESAR: PRODUCT PORTFOLIO
TABLE 95.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 96.ALFA AESAR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 97.THANA ACID & CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 98.THANA ACID & CHEMICAL COMPANY: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.PARAFORMALDEHYDE MARKET SEGMENTATION
FIGURE 02.TOP INVESTMENT POCKETS, BY APPLICATION (2020)
FIGURE 03.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 04.LOW BARGAINING POWER OF BUYERS
FIGURE 05.LOW THREAT OF NEW ENTRANTS
FIGURE 06.LOW THREAT OF SUBSTITUTES
FIGURE 07.HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 08.PARAFORMALDEHYDE MARKET DYNAMICS
FIGURE 09.PATENT ANALYSIS, BY COUNTRY
FIGURE 10.PARAFORMALDEHYDE MARKET REVENUE, BY APPLICATION 2020-2030, ($MILLION)
FIGURE 11.COMPARATIVE ANALYSIS OF PARAFORMALDEHYDE MARKET FOR RESINS, BY COUNTRY, 2020-2030($MILLION)
FIGURE 12.COMPARATIVE ANALYSIS OF PARAFORMALDEHYDE MARKET FOR AGROCHEMICALS, BY COUNTRY, 2020-2030($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF PARAFORMALDEHYDE MARKET FOR MEDICAL, BY COUNTRY, 2020-2030($MILLION)
FIGURE 14.COMPARATIVE ANALYSIS OF PARAFORMALDEHYDE MARKET FOR OTHER, BY COUNTRY, 2020-2030($MILLION)
FIGURE 15.U.S. REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 16.CANADA REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 17.MEXICO REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 18.GERMANY REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 19.UK REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 20.FRANCE REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 21.SPAIN REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 22.ITALY REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 23.REST OF EUROPE REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 24.CHINA REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 25.JAPAN REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 26.INDIA REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 27.SOUTH KOREA REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 28.AUSTRALIA REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 29.REST OF ASIA-PACIFIC REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 30.LATIN AMERICA REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 31.MIDDLE EAST REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 32.AFRICA REVENUE FOR PARAFORMALDEHYDE 2020-2030, ($MILLION)
FIGURE 33.MARKET PLAYER POSITIONING, 2020
FIGURE 34.TOP WINNING STRATEGIES, BY YEAR, 2020-2021
FIGURE 35.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2020-2021 (%)
FIGURE 36.TOP WINNING STRATEGIES, BY COMPANY, 2020-2021
FIGURE 37.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 38.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 39.CELANESE CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 40.CELANESE CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 41.CELANESE CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 42.ERCROS: REVENUE, 2019–2020 ($MILLION)
FIGURE 43.MERCK: REVENUE, 2018–2020 ($MILLION)
FIGURE 44.MERCK: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 45.MERCK: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 46.THERMO FISHER: REVENUE, 2018–2020 ($MILLION)
FIGURE 47.THERMO FISHER: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 48.THERMO FISHER: REVENUE SHARE BY REGION, 2020 (%)

 
 

The global paraformaldehyde market is anticipated to witness significant growth during the forecast period, owing to rise in demand form resins and agrochemicals. The demand for paraformaldehyde in the industry is anticipated to increase due to the rising demand for agrochemicals worldwide. Additionally, the industry will be propelled by the surge in demand for thermosetting resins such as urea, phenol, resorcinol, and melamine. These resins are used in multi-purpose industries such as wood, papermaking, plastics, and paints & coatings. In addition, due to increase in population and consumer preference for staple crops, the demand for higher quality and more quantitative products is expected to increase the demand for agrochemicals, which, in turn, leads to significant growth in paraformaldehyde market. Although Asia-Pacific has emerged as a lucrative region for investors, North America is perceived as a mature market for paraformaldehyde, owing to high growth rate, in terms of revenue. Increase in demand for agricultural chemicals, including bactericides, herbicides, fungicides, and pesticides, mainly in the U.S. is expected to promote the industry growth in the future.

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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The paraformaldehyde market will expand at a CAGR of 5.5% from 2021 – 2030.

A. The global paraformaldehyde market was valued at $ 2.8 Billion in 2030

A. The market players are adopting various growth strategies and also investing in R&D extensively to develop technically advanced unique products which are expected to drive the market size.

A. Significant growth of the agriculture sector is expected to boost demand for paraformaldehyde, thereby boosting growth of the global paraformaldehyde market. In addition, the growing demand for resins is predicted to accelerate the overall development of the market in the near future.

A. Alfa Aesar, Alpha Chemika, Caldic, Celanese, Merck, and Yinhe Chemical are the top players in paraformaldehyde market.

A. Asia-Pacific region will provide more business opportunities for paraformaldehyde market in coming years

A. Application segment holds the maximum share of the paraformaldehydel market

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