0
2021
Paraformaldehyde Market

Paraformaldehyde Market

by Application (Resins, Agrochemicals, Medical, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13737
Pages: 150
Sep 2021 | 2035 Views
Author(s) : Snehal Mohite , Eswara Prasad
Tables: 66
Charts: 48
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Paraformaldehyde Market

Request Now !

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

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

Your browser does not support the canvas element.

Agrochemicals is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

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.

Get more information on this report : Request Sample Pages

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. 

Paraformaldehyde Market Report Highlights

Aspects Details
BY APPLICATION
  • Resins
  • Agrochemicals
  • Medical
  • Other
BY REGION
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Alpha Chemika, Caldic, CELANESE CORPORATION, Chemanol, Ekta International, Ercros, GFS Chemical, Merck Group, THERMO FISHER SCIENTIFIC, Thana Acid & Chemical Company
 

Loading Table Of Content...


 
 

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.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

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

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Paraformaldehyde Market

Start reading instantly.
This Report and over 18,833+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Sep 2022 - Sep 2023)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2022 - Sep 2023)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2022 - Sep 2023)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2022 - Sep 2023)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2022 - Sep 2023)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers