Stratview Research has published a new report titled “Paraformaldehyde Market” which is segmented by Application Type (Resins, Agrochemicals, Medical Applications, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, Paraformaldehyde Market is likely to grow from USD 993.89 million in 2021 to USD 1502.2 million by 2028 at a CAGR of 6.02% during the forecast period of 2022-2028. Growing usage of chemical fertilizers for effective growth of crops, increasing utilization of personal care products, organic chemical synthesis, and growing usage of paraformaldehyde in oil & gas sector are some of the major factors expected to fuel the growth of the market over the forecast period.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
Based on the application type, the market is segmented as resins, agrochemicals, medical applications, and others. Agrochemicals are estimated to hold the largest share of the market during the forecast period on account of being one of the major applications of paraformaldehyde with growing demand across the globe.
In terms of regions, North America is estimated to account for the major share of the market during the forecast period owing to the rising demand for agriculture chemicals including pesticides, herbicides, fungicides, and bactericides, mainly in the U.S., growing investments in the medical sector, and increasing oil & gas exploration activities in the region. Further, Latin America is estimated to witness significant growth in the market on account of increasing product utilization for producing various thermosetting resins. Also, Europe and Asia-Pacific are expected to offer substantial growth opportunities over the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Paraformaldehyde Market:
- Alfa Aesar
- Alpha Chemika
- Celanese Corporation
- ERCROS SA
- GFS Chemicals Inc.
- InterAtlas Chemical Inc.
- Nantong Jiangtian Chemical Co., Ltd.
- Parchem Fine & Specialty Chemicals
- Pure Chemistry Scientific, Inc.
- Thana Acid and Chemical Co.
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