Paraformaldehyde Market Share, Size, Demand, Growth and Trend Forecast, 2023
Global Paraformaldehyde Market is anticipated to witness to grow at a CAGR of 5.3% in the forecast period. Paraformaldehyde is a low molecular polycondensation compound of methylene glycol with the nature of formaldehyde. It is formed by polymerization of methanol by heating and is usually white crystalline in nature.
Global Paraformaldehyde Market is anticipated to witness to grow at a CAGR of 5.3% in the forecast period. Paraformaldehyde is a low molecular polycondensation compound of methylene glycol with the nature of formaldehyde. It is formed by polymerization of methanol by heating and is usually white crystalline in nature.
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<strong>Paraformaldehyde</strong> <strong>Market</strong> <strong>Share</strong>, <strong>Size</strong>, <strong>Dem<strong>and</strong></strong>, <strong>Growth</strong><br />
<strong>and</strong> <strong>Trend</strong> <strong>Forecast</strong>, <strong>2023</strong><br />
<strong>Paraformaldehyde</strong> <strong>Market</strong> Report provides in-depth analysis of industry by<br />
Production, <strong>Share</strong>, <strong>Size</strong>, <strong>Dem<strong>and</strong></strong>, Proposition, Development, Opportunistic<br />
<strong>Growth</strong>, Economic <strong>Trend</strong>s, Technologies Research, Segmentation, Key Futuristic<br />
Investment Feasibility, Major key players, SWOT Analysis <strong>and</strong> <strong>Forecast</strong>.<br />
Global <strong>Paraformaldehyde</strong> <strong>Market</strong> is anticipated to witness an exponential growth in the forecast<br />
period. <strong>Paraformaldehyde</strong> is a low molecular polycondensation compound of methylene glycol with<br />
the nature of formaldehyde. It is formed by polymerization of methanol by heating <strong>and</strong> is usually<br />
white crystalline in nature.<br />
The factors that propel the growth of the market include increasing population, <strong>and</strong> growing<br />
dem<strong>and</strong> as a fumigant, disinfectant, fixative, <strong>and</strong> fungicide. Moreover, increasing dem<strong>and</strong> for<br />
paraformaldehyde as a hygienic & medical disinfector in medicine <strong>and</strong> pharmaceuticals sector is<br />
likely to boost the market growth. On the other h<strong>and</strong>, there are factors that may hamper the<br />
growth of the market including side effects like cancer <strong>and</strong> nasal & ocular irritation.<br />
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The market is anticipated to grow at a CAGR of 5.3% in the upcoming period as the scope, product<br />
types, <strong>and</strong> its applications are increasing across the globe. The latest trend gaining huge traction in<br />
the market is growing dem<strong>and</strong> for resins by the shipping industry. The shipping industry was<br />
stagnant in the past but has been recording a substantial growth in the recent years. There is a<br />
growing dem<strong>and</strong> for sail boats, power boats, speed boats, <strong>and</strong> cruise ships that has led to a surge in<br />
marine traffic.<br />
The market could be explored by application <strong>and</strong> geography. The key applications that could be<br />
explored in the market include Resins, Agrochemical, <strong>and</strong> Medical application. The “Agrochemical”<br />
segment led the market in 2016 <strong>and</strong> will continue to lead in the forecast period. The key factors that<br />
may be attributed to the growth of market include rising population, <strong>and</strong> growing usage in the<br />
production.<br />
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https://www.millioninsights.com/industry-reports/paraformaldehyde-market<br />
Asia-Pacific accounted for the major share of the paraformaldehyde market in 2016 <strong>and</strong> will<br />
continue to lead in the forecast period. The factors that could be attributed to the growth include<br />
increasing production of paraformaldehyde in China, increasing development in automotive,<br />
construction, <strong>and</strong> agricultural sectors, substantial rise pertaining to growth in pharmaceutical, oil &<br />
gas, <strong>and</strong> automotive industries, <strong>and</strong> increasing disposable income. Asia-Pacific is likely to be<br />
followed by Europe <strong>and</strong> North America owing to increased production of pentaerythritol, laminates,<br />
MDI <strong>and</strong> wood panels in the years to come.<br />
Some of the key players that fuel the growth of the paraformaldehyde market comprise Caldic, Alfa<br />
Aesar, Ekta International, Chang Chun Group, Kothari Phytochemicals & Industries, GFS Chemicals,<br />
NANGTON JIANGTIAN CHEMICALS, Alder, LCY Group, Simalin Chemicals Industries, Shouguang<br />
Xuedong Chemical, OSWAL UDHYOG, Celanese, Synthite Limited, Ercros, Chemanol, PT. Dover<br />
Chemical <strong>and</strong> INEOS. The leading companies are taking up partnerships, mergers <strong>and</strong> acquisitions,<br />
<strong>and</strong> joint ventures in order to boost the inorganic growth of the industry.
<strong>Market</strong> Segment:<br />
Report contents include<br />
• Analysis of the paraformaldehyde market including revenues, future growth, market outlook<br />
• Historical data <strong>and</strong> forecast<br />
• Regional analysis including growth estimates<br />
• Analyzes the end user markets including growth estimates.<br />
• Profiles on paraformaldehyde including products, sales/revenues, <strong>and</strong> market position<br />
• <strong>Market</strong> structure, market drivers <strong>and</strong> restraints.<br />
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https://www.millioninsights.com/industry/chemicals<br />
Key regions<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Middle East <strong>and</strong> Africa<br />
• South America<br />
Key vendors<br />
• Alder S.p.A<br />
• Asahi Kasei Corporation<br />
• Celanese Corporation
• Chang Chun Group<br />
• Methanol Chemicals Co<br />
• Ercros, S.A.<br />
• Ineos Group Limited<br />
• Request free sample to get a complete list of companies<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/paraformaldehyde-market
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