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

Mexico to stop forgiving taxes for big payers

May 20, 2019

MEXICO CITY — Mexico President Andrés Manuel López Obrador says that the government is ending tax forgiveness, which for years had been a gift to the country's biggest taxpayers. According to the government, the pardons were abused under the previous administrations of Felipe Calderón and Enrique Peña Nieto to the tune of more than $15.5 billion uncollected since 2007. López Obrador says the richest in some cases didn't pay taxes or what they paid was returned. He signed the decree Monday. More than 150,000 taxpayers benefited from it, but just 108 of them accounted for 54% of the forgiven taxes....

Reports: Iran quadruples production of low-enriched uranium

May 20, 2019

TEHRAN, Iran — Iran has quadrupled its production of low-enriched uranium amid tensions with the U.S. over Tehran's unraveling nuclear accord, two semi-official news agencies reported Monday, an announcement just after President Donald Trump warned Iran it would face its "official end" if it threatened America again. While the reports said the production is of uranium enriched only to the 3.67% limit set by the 2015 nuclear deal that Tehran reached with world powers, it means that Iran soon will go beyond the stockpile limitations established by the accord. This follows days of heightened tensions sparked by the Trump administration's...

South Korea vows to send aid to North quickly, may send food

May 20, 2019

SEOUL, South Korea — South Korea vowed Monday to move quickly on plans to provide $8 million worth of medical and nutritional aid for North Korean children through U.N. agencies while it also considers sending broader food aid to the country, which says it is suffering its worst drought in decades. Lee Sang-min, spokesman for Seoul's Unification Ministry, said the government will discuss its plans with the World Food Program and the United Nations Children's Fund, through which the aid would be provided, so it reaches North Korean children and pregnant women quickly. South Korea is also trying to build...

Vaccine rates rise on long-wary 'hippie' island near Seattle

May 20, 2019

VASHON ISLAND, Wash. — Sarah Day is a school nurse with "street cred" when it comes to the polarizing issue of vaccines on an idyllic island in Washington state known for its rural beauty, counterculture lifestyle and low immunization rates. Since she began communal living on Vashon Island more than 20 years ago, the registered nurse has been advocating for getting kids their shots against a loud contingent of anti-vaccine parents in the close-knit community of about 11,000 that's accessible only by ferry, a serene 20-minute ride from Seattle. And it may now be working, thanks to a "perfect storm"...

Trump's EPA shifts more environmental enforcement to states

May 20, 2019

BOKOSHE, Okla. — A small town in Oklahoma is warning communities about the Trump administration's environmental policies. Residents of Bokoshe (bo-KOSH-eee) have been worried for years about coal-ash contamination from a power plant that burns the high-sulfur coal mined near the community southeast of Tulsa. Townspeople regard the Environmental Protection Agency as the only source of serious environmental enforcement. Now the EPA has approved Oklahoma to be the first state to take over enforcement on coal-ash sites. The EPA is delegating more enforcement to states. The administration says local officials know best how to deal with local problems. Critics say...

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