Paraformaldehyde Market : Growth, Demand, Supply, SWOT, Consumption, ROI to 2023
Global paraformaldehyde market was valued at US$ 468.8 Mn in 2014 and is likely to reach US$ 791.9 Mn in 2023, expanding at a CAGR of 6.1
Global paraformaldehyde market was valued at US$ 468.8 Mn in 2014 and is likely to reach US$ 791.9 Mn in 2023, expanding at a CAGR of 6.1
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<strong>Paraformaldehyde</strong> <strong>Market</strong><br />
Growing <strong>Demand</strong> from Diverse Industries <strong>to</strong> Encourage <strong>Growth</strong><br />
The growing demand for paraformaldehyde has attracted several new players <strong>to</strong> enter the<br />
market in order <strong>to</strong> expand their product horizon and attain a leading position in the market. The<br />
rising level of competition is projected <strong>to</strong> result in introduction of new products and the creating<br />
an awareness among consumers regarding the use of paraformaldehyde across diverse<br />
industries. In addition, the rising number of mergers and acquisitions is another major fac<strong>to</strong>r<br />
anticipated <strong>to</strong> contribute significantly <strong>to</strong>wards the growth of the global market throughout the<br />
forecast period.<br />
Some of the key players operating in the paraformaldehyde market across the globe are Nan<strong>to</strong>ng<br />
Jiangtian Chemical Co., Ltd., Celanese Corporation, Shouguang Xudong Chemical Co., Ltd., Feno<br />
Resinas S.A. de C.V., INEOS Group Limited, and LCY Chemical Corp. The presence of a large<br />
number of players is expected <strong>to</strong> enhance the competitive scenario of the overall market<br />
throughout the forecast period.<br />
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