Paraformaldehyde Market Share, Size, Industry Analysis, Competitive Strategies, Growth Driver and Price Trend and Forecast to 2023

Paraformaldehyde market is expected to witness a significant growth of ~802.85 million by 2023 with CAGR of ~6.2% between 2016 and 2023.

Pune, India - April 15, 2019 /MarketersMedia/ —

Market Highlights:

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.

Get FREE Sample Now@ https://www.marketresearchfuture.com/sample_request/2850

Global Paraformaldehyde Key Players

Key players of the global Paraformaldehyde market: 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.

Regional Insights:

The market is classified and analyzed on the basis of various geographic segmentation which involves APAC, Europe, Middle East and Africa. Out of all, Asia Pacific Paraformaldehyde market is largest market owing to robust industry growth of application industry in China, Japan, Korea, India and Southeast Asia. Increasing paraformaldehyde production for producing resin, agrochemical and in formation of various chemical compounds is expected to raise the market demand. Growing agrochemical and plastic industries due to the increasing population is expected to main driver for the market growth over the forecast period. In addition, accelerating fertilizers, pesticides, leather, pharmaceuticals, paint, consumer goods, health care products and chemical additives expected to drive market growth.

Paraformaldehyde is expected to serve as major market challenge over the upcoming years due to its human health hazards, In industrial activity and consumer products is expected to cause burning sensations in body, skin irritation and cancer which is expected to decline market growth of paraformaldehyde.

North America including the countries such as USA, Canada and Mexico stands on second position due to increasing demand in various end user industry such as synthesis of acetochlor, butachlor, and glyphosate, produce vitamin A, synthesis of high grade automobile paint.

Europe holds third position in global paraformaldehyde market

The third largest market of paraformaldehyde is Europe, witnessed in growth of paraformaldehyde market due to various application such automotive, construction and sporting goods countries like Germany, France, UK, Italy, Spain, Netherland, Poland, and rest of Europe. Latin America and Middle East also witnessed in growth of paraformaldehyde market due to various end user industry such as plastic industry, pharmaceutical, agrochemical, and others including the countries like UAE, South Africa, Saudi Arabia and rest of Middle East & Africa.

Segment Analysis:

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.

Get Complete Research Report by Market Research Future@ https://www.marketresearchfuture.com/reports/paraformaldehyde-market-2850

Contact Info:
Name: Abhishek
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune - 411028, Maharashtra, India, +1 646 845 9312, Email: sales@marketresearchfuture.com
Phone: 16468459312
Website: https://www.marketresearchfuture.com/reports/paraformaldehyde-market-2850

Source URL: https://marketersmedia.com/paraformaldehyde-market-share-size-industry-analysis-competitive-strategies-growth-driver-and-price-trend-and-forecast-to-2023/502860

Source: MarketersMedia

Release ID: 502860

Latest News

Global stocks mixed after Wall Street rebound

Aug 22, 2019

BEIJING — Global stock markets were mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting showing conflicting opinions about rates. Benchmarks in London and Frankfurt declined in early trading. Hong Kong closed down while Shanghai and Tokyo advanced. Investors are looking to Chairman Jerome Powell's speech Friday for guidance about whether the Fed might cut rates at its next meeting in September. The Fed cut its key policy rate...

Off the hook: California king salmon rebounds after drought

Aug 22, 2019

SAN FRANCISCO — California fishermen are reporting one of the best salmon fishing seasons in years, thanks to heavy rain and snow that ended the state's historic drought. It's a sharp reversal for chinook salmon, also known as king salmon. The iconic fish helps sustain many Pacific Coast fishing communities. A marine scientist with California's fish and wildlife agency says commercial catches have so far surpassed official preseason forecasts by roughly 50%. The salmon rebound comes after three years of extremely low catches resulting from poor ocean conditions and California's five-year drought. This year's adult salmon are the first class...

Jet catches fire in Northern California; 10 aboard unhurt

Aug 22, 2019

OROVILLE, Calif. — All 10 people aboard a small jet escaped injury Wednesday after the aircraft aborted its takeoff at a small Northern California airport, went off the runway and burst into flames, officials said. The pilot of the twin-engine Cessna Citation jet aborted its takeoff at Oroville Municipal Airport for unknown reasons shortly before noon, Federal Aviation Administration spokesman Ian Gregor said. The plane was carrying two pilots and eight passengers, and "all were accounted for, no injuries," said Joe Deal, Oroville's fire and police chief. The jet had complications during takeoff that resulted in its catching fire, he...

Trump to sign student debt forgiveness for disabled veterans

Aug 22, 2019

LOUISVILLE, Ky. — President Donald Trump on Wednesday is expected to direct his administration to permanently forgive student loan debt held by disabled veterans. Trump was to sign the order after he addresses the AMVETS convention in Louisville, the White House said. In prepared remarks, Trump said his order would direct the Department of Education to "eliminate every penny of federal student loan debt owed by American veterans who are completely and permanently disabled." The administration says just half of the roughly 50,000 disabled veterans who are qualified to have their federal student loan debt forgiven have received the benefit...

Mexico concerned by dangerous natural gas thefts

Aug 22, 2019

MEXICO CITY — Mexico's president is warning against a growing trend in which thieves drill illegal taps into pipelines carrying natural gas. At least two large-scale leaks have occurred in recent weeks at illegally tapped pipelines in central Mexico. President Andres Manuel López Obrador said Wednesday that "lately we have been seeing gas thefts, which is something very dangerous." His administration has cracked down on the more common crime of stealing gasoline and diesel from fuel pipelines. While gasoline thefts remain far more common, at least some thieves have turned to stealing LP gas, which is used for cooking and...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com