Paraformaldehyde Market
Paraformaldehyde Market Analysis, By Application (Resins, Agrochemicals, Medical Applications and Other Applications), and by Region - Global Market Insight 2022-2032
Analysis of Paraformaldehyde Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Paraformaldehyde Industry Growth Outlook
The global paraformaldehyde market was estimated to be worth around US$ 957 Million by 2021. With the increasing use of paraformaldehyde in different industries globally.
The market is expected to reach a worth of about US$ 1.8 Billion by the end of 2032, with a projected CAGR of 4.9% during 2022 – 2032.
From 2015 to 2021, the Paraformaldehyde Market experienced a CAGR of 5.7%.
The pharmaceutical, agrochemical, paint, and chemical industries are the key industries that use paraformaldehyde. The need for paraformaldehyde to make synthetic disinfectants, fixatives, fumigants, and fungicides has increased as a result of the growing agricultural population around the world.
Additionally, one of the key driving factors for the market expansion is estimated to be the demand for paraformaldehyde in the manufacturing of organic chemicals, printing and photography, fluorescent lighting, consumer goods, cleaning products, personal care products, and intermediate additives and compounds.
Due to its use in paints and coatings, with the expanding construction and automotive sectors, the demand for paraformaldehyde has increased in these markets.
The market is expected to expand in the near future as a result of the rising demand for it as a hygienic & medical disinfector in the healthcare and pharmaceutical industries.
However, the negative effects of paraformaldehyde on health could hamper market expansion. Nasal and ocular discomfort, as well as cancer, are just some of the side effects of paraformaldehyde exposure from industrial processes and consumer items, which is a major factor limiting market expansion.
Many agencies, including Health Canada, the International Agency for Research on Cancer, the World Health Organization, and the United States Environmental Protection Agency (U.S. EPA), have identified the negative effects formaldehyde has on human health.
Report Attributes |
Details |
|
Market Size in 2021 |
US$ 957 Million |
|
Market Share in 2022 |
US$ 1 Billion |
|
Projected Market Value (2032) |
US$ 1.8 Billion |
|
Global Market Growth Rate (2022-2032) |
4.9% CAGR |
|
United States Market Growth Rate (2022-2032) |
5.7% CAGR |
|
Key Companies Profiled |
|
Additionally, the Value Chain Alliance started working together in 2016 in order to limit the exposure to formaldehyde for 30,000 EU workers. During the revision of the CMD Directive, this estimate was finished by the European Parliament and included in the scope of the Directive. These factors can limit the expansion of the Paraformaldehyde Market worldwide.
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Region-wise Insights
Which region has the largest market for Paraformaldehyde?
Asia Pacific has the largest market for Paraformaldehyde. Asia-Pacific is expected to contribute with over 50% share in the global paraformaldehyde market. This is mainly due to an increase in the production of paraformaldehyde in China, India, and Japan.
China’s market has grown significantly in the past few years. In 2017, China’s overall paraformaldehyde production was more than 260,000 tonnes. Japan holds a significant share of the global market. In 2021, according to The United Nations COMTRADE database in international trade, Japan’s exports of Paraformaldehyde to India were US$ 18.03 Mn.
Over the next ten years, paraformaldehyde demand is anticipated to increase significantly in India. In 2016, India exported paraformaldehyde-related goods valued at more than US$ 60 million. The demand for powdered paraformaldehyde is also contributing to the market's expansion in India. In India's powdered paraformaldehyde market in 2020, with 71.9%, powdered resins held the largest market share.
Which region contributes a significant share of the Global Paraformaldehyde Market?
North America earned around US$ 125 million and had a 10% market share in paraformaldehyde in 2020. Even though the region has several favorable factors that can help in the expansion of the paraformaldehyde market, the growth is constrained by the different formaldehyde restrictions that the governments of the nations in the region have implemented.
The U.S. Congress requested that the U.S. EPA control formaldehyde emissions in 2010. As a result, the EPA announced Formaldehyde Emission Standards for Composite Wood Products in late July 2016 and made them official in December 2016. The California Air Resources Board (CARB) formaldehyde emission criteria (Phase I in 2009, Phase II in 2010) are the basis for the emission limits for composite wood goods marketed or imported in the United States, along with other requirements such as product traceability and certification.
In accordance with CEPA 1999, Environment Canada and Health Canada concluded in 2001 that formaldehyde was hazardous to both human health and the environment. Health Canada created indoor air quality recommendations for homes for formaldehyde in 2006.
Additionally, the Canada Consumer Product Safety Act forbids the production, importation, marketing, or sale of thermal insulation made with urea formaldehyde (CCPSA). In order to adapt to the restrictions imposed by the State of California, a voluntary standard was additionally issued by the Canadian Standards Association in 2016.
Country-wise Insights
U.S. Paraformaldehyde Market Analysis
China is one of the largest producers of Paraformaldehyde. The Chinese Market for Paraformaldehyde has previously experienced a CAGR of 6.3% from the year 2015 to 2021 and is predicted to experience a CAGR of 5.4% in the next ten years. By the year 2032, China is expected to be a market with an absolute dollar opportunity of US$ 51.4 Million.
In China, the production of paraformaldehyde is mainly distributed in Hebei, Shandong, and Jiangsu provinces, mainly due to the abundant supply of raw materials especially methanol, and easily available transportation.
Agrochemical Industry, Resin Industry, and Medical Industry make up the majority of the Chinese Paraformaldehyde Market. In the year 2017, consumption volume in Agrochemicals increased by 3.16% in a year, to ~219,000 tonnes. Similarly, the demand for resin increased by 6%, due to the increase in its exports.
United States Paraformaldehyde Market Analysis
The United States has a promising market for paraformaldehyde. From 2015 to 2021, the market in the United States grew at a CAGR of 6.6%. Between 2022 and 2032, the United States is expected to be a market with a US$ 274.5 Mn absolute dollar opportunity.
Although paraformaldehyde has several uses in the United States with growing agricultural demand and medicine research in the country, there are many harmful effects of being exposed to Paraformaldehyde. The Environmental Protection Agency and the Food and Drug Administration regulate the use of formaldehyde in consumer products. Some states in the U.S. have created their own legislation in this respect.
When California, Minnesota, New York, or Washington enact their own legislation, there are related laws that regulate the content of formaldehyde in consumer products, such as California Airborne Toxic Control Measure (ATCM), California Proposition 65, the Washington Children s Safe Products Act, etc. All these regulations are slowing down the growth of the Paraformaldehyde Market in the United States.
Japan Paraformaldehyde Market Analysis
The market for paraformaldehyde in Japan is expected to reach US$ 108 Million by 2032. With a CAGR of 5.1% during 2022 – 2032, the market is projected to register an absolute dollar opportunity of US$ 42 Million
South Korea Paraformaldehyde Market Analysis
The paraformaldehyde market in South Korea is expected to gross an absolute dollar opportunity of US$ 23 Million during 2022 – 2032. The market is expected to reach a valuation of US$ 65 Million by 2032, growing at a CAGR of 4.5%.
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What was the impact of Covid-19 on the Paraformaldehyde Market?
Covid-19 disrupted the operation of many industries like oil, gas, and other raw materials. The pandemic also caused a shortage of labor force. This declined the overall production and demand for Paraformaldehyde in the Market. On the other hand,
Paraformaldehyde has been previously used for disinfecting sickrooms and sickroom utensils. In 2021, researchers have found that 15 minutes treatment of SARS-CoV-2 infected cells with paraformaldehyde resulted in complete inactivation of the virus and health experts also highlighted how sanitizers and disinfectants could prevent the Covid-19 infection from spreading, which boosted the sales of the paraformaldehyde products worldwide.
Category-wise Insights
Why Do Medical and Agrochemical Industries Account for the Significant Share in Paraformaldehyde Demand?
Medical and agrochemical Industries generate the maximum revenue for the Paraformaldehyde Market. Revenue through medical application has experienced a CAGR of 5.5% from 2015 to 2021 and is expected to experience a CAGR of 4.7% in the next ten years from 2022 to 2032. Tablets containing paraformaldehyde are highly efficient against a variety of microorganisms. They may be used for certain disinfecting procedures in clinical settings.
The agrochemical segment made up around 42% of the total Paraformaldehyde Market in 2021. In the next ten years, Agrochemicals is expected to generate a revenue of more than US$ 500 Mn for the market. This is due to the rising use of paraformaldehyde manufacturing agrochemicals used in pesticides and herbicides, including as glyphosate, butachlor, acetochlor, bismerthiazol, and machete. As a result, the demand for high-quality pesticides is rising, which in turn is raising the revenue generated by the agrochemicals segment of the global paraformaldehyde market.
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Competitive Landscape
The paraformaldehyde market is highly competitive with numerous players operating in the market. The key companies operating in the Paraformaldehyde Market are Alpha Chemika, Caldic, CELANESE CORPORATION, Chemanol, Ekta International, Ercros, GFS Chemical, Merck Group, Thana Acid & Chemical Company, THERMO FISHER SCIENTIFIC, Interatlas Chemical Inc., Interatlas Chemical Inc., Hebei Yuhang Chemical Industry Co., Ltd., Nantong Jiangtian Chemical Co., Ltd., Shandong Tuobo, LCY Chemical, Yinhe Chemical, Nantong Jiangtian, Wanhua Chemical, Stormmax ASSP Ltd., Shanghai Orgpharma Chemical Co., Ltd., Changzhou Koye Chemical Co., Ltd., and INEOS Enterprises.
Some of the recent developments by the key providers of Paraformaldehyde are as follows:
- In April 2019, the sale of INEOS Melamines & Paraform to Prefere Resins Holding GmbH was announced by INEOS Enterprises. The deal includes locations in the USA, Germany, and Indonesia. The deal is a crucial step in the growth of these well-established companies and offers new prospects to their employees who will go on to Prefere Resins.
- In February 2019, PJSC Metafrax and GEA Company signed the agreed contract for the project development and the supply of equipment for the paraform plant at the Metafrax manufacturing site in Gubakha, Perm Region, within the framework of the Russian Investment Forum. An estimated 5.2 billion rubles worth of investments are being made in the capital. The new facility makes Metafrax the sole producer of paraformaldehyde in Russia. The factory will have a 30 000 tonne annual capacity.
- In February 2018, Paraformaldehyde was successfully reclassified as a nonflammable solid by Ercros in compliance with the rules governing the international transportation of dangerous products. Ercros consumers will receive better service owing to this new classification, which will also optimize the logistical operations involved in the product.
Key Segments Covered in Market Survey
-
By Application :
- Resins
- Agrochemicals
- Medical Applications
- Other Application
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By Region :
- North America
- Europe
- APAC
- MEA
- Latin America
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Fact.MR Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Demand 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Mn) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background and Foundation Data Points 4.1. Global Market (US$ Mn) 4.2. Market Opportunity Assessment (US$ Mn) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Global Market Growth 4.5.3. Adoption Rate, by Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032 6.1. Historical Market Analysis, 2015-2021 6.2. Current and Future Market Projections, 2022-2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032 7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021 7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Application 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032 8.3.1. Resins 8.3.2. Agrochemicals 8.3.3. Medical applications 8.3.4. Others 8.4. Market Attractiveness Analysis By Application 9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region 9.1. Introduction 9.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021 9.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. Middle East and Africa (MEA) 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2015-2021 and Forecast 2022-2032 10.1. Introduction 10.2. Pricing Analysis 10.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 10.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 10.4.1. By Country 10.4.1.1. U.S. 10.4.1.2. Canada 10.4.2. By Application 10.5. Market Attractiveness Analysis 10.5.1. By Country 10.5.2. By Application 11. Latin America Market Analysis 2015-2021 and Forecast 2022-2032 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 11.4.1. By Country 11.4.1.1. Brazil 11.4.1.2. Mexico 11.4.1.3. Rest of Latin America 11.4.2. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Application 12. Europe Market Analysis 2015-2021 and Forecast 2022-2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 12.4.1. By Country 12.4.1.1. Germany 12.4.1.2. France 12.4.1.3. U.K. 12.4.1.4. Italy 12.4.1.5. Benelux 12.4.1.6. Nordic Countries 12.4.1.7. Rest of Europe 12.4.2. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Application 13. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 13.4.1. By Country 13.4.1.1. China 13.4.1.2. Japan 13.4.1.3. South Korea 13.4.1.4. Rest of Asia Pacific 13.4.2. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Application 14. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 14.4.1. By Country 14.4.1.1. GCC Countries 14.4.1.2. South Africa 14.4.1.3. Turkey 14.4.1.4. Rest of Middle East and Africa 14.4.2. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Application 15. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032 15.1. Introduction 15.1.1. Market Value Proportion Analysis, By Key Countries 15.1.2. Global Vs. Country Growth Comparison 15.2. US Market Analysis 15.2.1. Value Proportion Analysis by Market Taxonomy 15.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.2.2.1. By Application 15.3. Canada Market Analysis 15.3.1. Value Proportion Analysis by Market Taxonomy 15.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.3.2.1. By Application 15.4. Mexico Market Analysis 15.4.1. Value Proportion Analysis by Market Taxonomy 15.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.4.2.1. By Application 15.5. Brazil Market Analysis 15.5.1. Value Proportion Analysis by Market Taxonomy 15.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.5.2.1. By Application 15.6. Germany Market Analysis 15.6.1. Value Proportion Analysis by Market Taxonomy 15.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.6.2.1. By Application 15.7. France Market Analysis 15.7.1. Value Proportion Analysis by Market Taxonomy 15.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.7.2.1. By Application 15.8. Italy Market Analysis 15.8.1. Value Proportion Analysis by Market Taxonomy 15.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.8.2.1. By Application 15.9. BENELUX Market Analysis 15.9.1. Value Proportion Analysis by Market Taxonomy 15.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.9.2.1. By Application 15.10. UK Market Analysis 15.10.1. Value Proportion Analysis by Market Taxonomy 15.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.10.2.1. By Application 15.11. Nordic Countries Market Analysis 15.11.1. Value Proportion Analysis by Market Taxonomy 15.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.11.2.1. By Application 15.12. China Market Analysis 15.12.1. Value Proportion Analysis by Market Taxonomy 15.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.12.2.1. By Application 15.13. Japan Market Analysis 15.13.1. Value Proportion Analysis by Market Taxonomy 15.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.13.2.1. By Application 15.14. South Korea Market Analysis 15.14.1. Value Proportion Analysis by Market Taxonomy 15.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.14.2.1. By Application 15.15. GCC Countries Market Analysis 15.15.1. Value Proportion Analysis by Market Taxonomy 15.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.15.2.1. By Application 15.16. South Africa Market Analysis 15.16.1. Value Proportion Analysis by Market Taxonomy 15.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.16.2.1. By Application 15.17. Turkey Market Analysis 15.17.1. Value Proportion Analysis by Market Taxonomy 15.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032 15.17.2.1. By Application 15.17.3. Competition Landscape and Player Concentration in the Country 16. Market Structure Analysis 16.1. Market Analysis by Tier of Companies 16.2. Market Concentration 16.3. Market Share Analysis of Top Players 16.4. Market Presence Analysis 16.4.1. By Regional footprint of Players 16.4.2. Product footprint by Players 17. Competition Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Competition Deep Dive 17.3.1. Alfa Aesar 17.3.1.1. Overview 17.3.1.2. Product Portfolio 17.3.1.3. Sales Footprint 17.3.1.4. Strategy Overview 17.3.2. Thana Acid and Chemical Co. 17.3.2.1. Overview 17.3.2.2. Product Portfolio 17.3.2.3. Sales Footprint 17.3.2.4. Strategy Overview 17.3.3. Alpha Chemika 17.3.3.1. Overview 17.3.3.2. Product Portfolio 17.3.3.3. Sales Footprint 17.3.3.4. Strategy Overview 17.3.4. Pure Chemistry Scientific, Inc. 17.3.4.1. Overview 17.3.4.2. Product Portfolio 17.3.4.3. Sales Footprint 17.3.4.4. Strategy Overview 17.3.5. ERCROS, SA 17.3.5.1. Overview 17.3.5.2. Product Portfolio 17.3.5.3. Sales Footprint 17.3.5.4. Strategy Overview 17.3.6. Nantong Jiangtian Chemical Co., Ltd. 17.3.6.1. Overview 17.3.6.2. Product Portfolio 17.3.6.3. Sales Footprint 17.3.6.4. Strategy Overview 17.3.7. Ekta International 17.3.7.1. Overview 17.3.7.2. Product Portfolio 17.3.7.3. Sales Footprint 17.3.7.4. Strategy Overview 17.3.8. GFS Chemicals 17.3.8.1. Overview 17.3.8.2. Product Portfolio 17.3.8.3. Sales Footprint 17.3.8.4. Strategy Overview 17.3.9. Oswal Udhyog 17.3.9.1. Overview 17.3.9.2. Product Portfolio 17.3.9.3. Sales Footprint 17.3.9.4. Strategy Overview 17.3.10. Parchem 17.3.10.1. Overview 17.3.10.2. Product Portfolio 17.3.10.3. Sales Footprint 17.3.10.4. Strategy Overview 17.3.11. Caldic B.V. 17.3.11.1. Overview 17.3.11.2. Product Portfolio 17.3.11.3. Sales Footprint 17.3.11.4. Strategy Overview 17.3.12. Methanol Chemicals Company 17.3.12.1. Overview 17.3.12.2. Product Portfolio 17.3.12.3. Sales Footprint 17.3.12.4. Strategy Overview 17.3.13. Prefere Resins Holding GmbH 17.3.13.1. Overview 17.3.13.2. Product Portfolio 17.3.13.3. Sales Footprint 17.3.13.4. Strategy Overview 18. Assumptions and Acronyms Used 19. Research Methodolog
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List Of Table
Table 1: Global Market Value (US$ Mn), By Application, 2015 – 2021
Table 2: Global Market Value (US$ Mn), By Application, 2022 – 2032
Table 3: Global Market, By Region, 2015 – 2021
Table 4: Global Market, By Region, 2022 – 2032
Table 5: North America Market Value (US$ Mn), By Application, 2015 – 2021
Table 6: North America Market Value (US$ Mn), By Application, 2022 – 2032
Table 7: North America Market, By Country, 2015 – 2021
Table 8: North America Market, By Country, 2022 – 2032
Table 9: Latin America Market Value (US$ Mn), By Application, 2015 – 2021
Table 10: Latin America Market Value (US$ Mn), By Application, 2022 – 2032
Table 11: Latin America Market, By Country, 2015 – 2021
Table 12: Latin America Market, By Country, 2022 – 2032
Table 13: Europe Market Value (US$ Mn), By Application, 2015 – 2021
Table 14: Europe Market Value (US$ Mn), By Application, 2022 – 2032
Table 15: Europe Market, By Country, 2015 – 2021
Table 16: Europe Market, By Country, 2022 – 2032
Table 17: Asia Pacific Market Value (US$ Mn), By Application, 2015 – 2021
Table 18: Asia Pacific Market Value (US$ Mn), By Application, 2022 – 2032
Table 19: Asia Pacific Market, By Country, 2015 – 2021
Table 20: Asia Pacific Market, By Country, 2022 – 2032
Table 21: MEA Market Value (US$ Mn), By Application, 2015 – 2021
Table 22: MEA Market Value (US$ Mn), By Application, 2022 – 2032
Table 23: MEA Market, By Country, 2015 – 2021
Table 24: MEA Market, By Country, 2022 – 2032
Table 25: Global Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 26: Global Market Incremental $ Opportunity, By Region, 2022 – 2032
Table 27: North America Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 28: North America Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 29: Latin America Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 30: Latin America Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 31: Europe Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 32: Europe Market Incremental $ Opportunity, By Country, 2022 - 2032
Table 33: Asia Pacific Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 34: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 35: MEA Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 36: MEA Market Incremental $ Opportunity, By Country, 2022 - 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 2: Global Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn
Figure 3: Global Market Share, By Application, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 5: Global Market Attractiveness Index, By Application – 2022-2032
Figure 6: Global Market Share, By Region, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Region – 2022-2032
Figure 8: Global Market Attractiveness Index, By Region – 2022-2032
Figure 9: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 10: North America Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 11: North America Market Share, By Application, 2022 & 2032
Figure 12: North America Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 13: North America Market Attractiveness Index, By Application – 2022-2032
Figure 14: North America Market Share, By Country, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 16: North America Market Attractiveness Index, By Country – 2022-2032
Figure 17: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 18: Latin America Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 19: Latin America Market Share, By Application, 2022 & 2032
Figure 20: Latin America Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 21: Latin America Market Attractiveness Index, By Application – 2022-2032
Figure 22: Latin America Market Share, By Country, 2022 & 2032
Figure 23: Latin America Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 24: Latin America Market Attractiveness Index, By Country – 2022-2032
Figure 25: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 26: Europe Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 27: Europe Market Share, By Application, 2022 & 2032
Figure 28: Europe Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 29: Europe Market Attractiveness Index, By Application – 2022-2032
Figure 30: Europe Market Share, By Country, 2022 & 2032
Figure 31: Europe Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 32: Europe Market Attractiveness Index, By Country – 2022-2032
Figure 33: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 34: MEA Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 35: MEA Market Share, By Application, 2022 & 2032
Figure 36: MEA Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 37: MEA Market Attractiveness Index, By Application – 2022-2032
Figure 38: MEA Market Share, By Country, 2022 & 2032
Figure 39: MEA Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 40: MEA Market Attractiveness Index, By Country – 2022-2032
Figure 41: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 42: Asia Pacific Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 43: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 44: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 45: Asia Pacific Market Attractiveness Index, By Application – 2022-2032
Figure 46: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 47: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 48: Asia Pacific Market Attractiveness Index, By Country – 2022-2032
Figure 49: US Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 50: US Market Share, By Application, 2021
Figure 51: Canada Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 52: Canada Market Share, By Application, 2021
Figure 53: Brazil Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 54: Brazil Market Share, By Application, 2021
Figure 55: Mexico Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 56: Mexico Market Share, By Application, 2021
Figure 57: Germany Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 58: Germany Market Share, By Application, 2021
Figure 59: U.K. Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 60: U.K. Market Share, By Application, 2021
Figure 61: France Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 62: France Market Share, By Application, 2021
Figure 63: Italy Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 64: Italy Market Share, By Application, 2021
Figure 65: BENELUX Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 66: BENELUX Market Share, By Application, 2021
Figure 67: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 68: Nordic Countries Market Share, By Application, 2021
Figure 69: China Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 70: China Market Share, By Application, 2021
Figure 71: Japan Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 72: Japan Market Share, By Application, 2021
Figure 73: South Korea Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 74: South Korea Market Share, By Application, 2021
Figure 75: GCC Countries Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 76: GCC Countries Market Share, By Application, 2021
Figure 77: South Africa Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 78: South Africa Market Share, By Application, 2021
Figure 79: Turkey Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 80: Turkey Market Share, By Application, 2021
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- FAQs -
How much is the global Paraformaldehyde Market currently worth?
The global paraformaldehyde market was valued at US$ 1 Billion in 2022.
What is the Paraformaldehyde Market Forecast through 2032?
Over the projected period, the Paraformaldehyde Market is expected to increase at a CAGR of 4.9%, reaching a value of US$ 1.8 Bn by 2032.
In which industry are Paraformaldehyde used the most globally?
Medicine Industry generates the maximum demand in the Paraformaldehyde Industry. Revenue through this category expanded at a CAGR of 5.5% from 2015 to 2021 and is projected to grow at a CAGR of 4.7% by 2032.
What are the trends in the Paraformaldehyde Market?
The increasing use of Paraformaldehyde in the Medical and Agrochemical field has been adding significant revenues to the market.
Who are the top 5 countries driving the highest Paraformaldehyde?
The US, UK, China, Japan, and South Korea are expected to drive the most Paraformaldehyde.
Who are the key players shaping the Paraformaldehyde Industry?
Alpha Chemika, Caldic, CELANESE CORPORATION, Chemanol, Ekta International, Ercros, GFS Chemical, Merck Group, Thana Acid & Chemical Company, and THERMO FISHER SCIENTIFIC, are some of the key players in the Paraformaldehyde Industry.
At what rate did demand for Paraformaldehyde increase over the past 6 years?
The Paraformaldehyde Market expanded at a CAGR of 5.7% from 2015 through 2021.
Paraformaldehyde Market