Paraformaldehyde is a white crystalline, low molecular polycondensation compound of methylene glycol with the nature of formaldehyde formed by polymerization of methanol by heating.
Paraformaldehyde used in various industries such as plastic industry, pharmaceutical, agrochemical, and others. Paraformaldehyde is used in the agrochemicals industry in production of herbicides, acetochlor, machete, butachlor, and bismerthiazol, pesticides, glyphosate and others. Paraformaldehyde in pharmaceutical is used for hygienic disinfection. Furthermore, paraformaldehyde is used for antisepsis support. Other applications of paraformaldehyde include manufacturing of rubber, photographic films, leather, paint & coatings and plastics.
Global Paraformaldehyde market is expected to grow at ~6.2% CAGR during 2016-2023
Key players of the global Paraformaldehyde Market are INEOS Group AG (Switzerland), Celanese Corp. (US), Alfa Aesar (US), Inter Atlas Chemica (UK), LCY Chemical Corp. (Taiwan), CHEMANOL (SA), Nantong Jiangtian Chemicals Co. Ltd. (China), Shouguang Xudong Chemical Co Ltd (China), Alder S.p.A (Europe), Shandong Tuobo Plastics Products Co., Ltd. (China), and others.
Surge in Demand of Paraformaldehyde Is Set For Potential Growth In Asia-Pacific Market
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Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Paraformaldehyde market size is expected to grow at ~802.8523374 million by 2023. The market witnessed a significant growth over the forecasted period owing to growing end user industries such as plastic industry, pharmaceutical, agrochemical, and others.
Paraformaldehyde is a low molecular polycondensation, white crystalline compound of methylene glycol with the nature of formaldehyde formed by polymerization of methanol by heating.
The major industries of paraformaldehyde are production of plastics and agrochemicals. It is used in various industries such as paint, medicines and in production of other chemicals compounds. It is used in the manufacturing of various products such as resins, paper, leather, pesticides, rubber and plastics.
The global paraformaldehyde market is majorly segmented on the basis of end user and region. Based on end user market is segmented into plastic industry, pharmaceutical, agrochemical, and others, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
Plastic and agrochemicals industries including applications like resins, herbicides continued to be the highest end use of paraformaldehyde in the China and United States. Most paraformaldehyde consumed by the agrochemicals industry is for the herbicides such as bismerthiazol, butachlor, acetochlor, glyphosate, and machete. Global market paraformaldehyde is driven by demand from APAC, Europe, South America and Middle East.
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Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Paraformaldehyde Market
5 Industry Overview Of Global Paraformaldehyde Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
6 Market Trends
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