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Paraformaldehyde Market

Paraformaldehyde Market: Global Industry Analysis 2015 - 2019 and Opportunity Assessment 2020 - 2030

Paraformaldehyde Market Segmented By Application such as Pesticide, Coating, Resin, Papermaking and Others

Market: Introduction

Paraformaldehyde OH(CH2O)nH is a white crystalline solid substance, it is formed by formaldehyde polymerization, it forms a white precipitate in the aqueous solution of formaldehyde. A small amount of methanol is often added as a stabilizer to limit the extent of polymerization.

Polyoxymethylene is an alternate name of paraformaldehyde. Paraformaldehyde is not soluble in alcohol, ether and water but is soluble in alkali solutions. It has a similar odor to formaldehyde i.e. a pungent smell. It is available commercially on the basis of purity, higher the purity of paraformaldehyde the more expensive the paraldehyde is. Higher molecule homopolymer is strong, rigid along with good heat, solvent and moisture retention.

Paraformaldehyde is used as disinfectant, fungicide, fixative and fumigant once it is depolymerized. It was also popularly used as a thermoplastic in the root canal treatment.

In the recent times it is commercially used to synthesize pesticides such as glyphosate, acetochlor, and butachlor. It also finds application in the nutraceutical field to produce vitamin A along with its contribution in the paint & coating end used for synthesis of high grade automobile paint.

Paraformaldehyde is used to synthesize various resin with mainly phenol such as polyacetal resin, vinylon, diphenyl methane diisocyanate, terephthalic acid, acrylic acid esters and melamine resin among others.

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Paraformaldehyde Market: Dynamics

Paraformaldehyde Market: Driver

Paraformaldehyde is extensively used in the synthesis of agrochemicals such as pesticides, fungicide and insecticide. The growing agricultural industry along with the limited presence of arable land is a major driver of the global paraformaldehyde market.

Increase in demand for better quality as well quantity owing to increase in population and preference is expected to increase the demand for agrochemicals which in turn is expected to drive the paraformaldehyde market extensively.

The global formaldehyde market is expected to be driven by the increase in demand for thermosetting resin such as phenol, urea, melamine, resorcinol and others. These resins find applications in multiple end use industry such as paper, paints & coating, wood, plastic among others.

Paraformaldehyde Market: Restraints

Paraformaldehyde powder is unsafe for human health and specifically to mucous membrane. It requires extra cautions while handling and contact with eyes, nose and skin should be avoided. The hazardous effects of paraformaldehyde on human health is a primary factor of sluggish market growth. Prolonged exposure is lethal and can cause cancer and nasal and ocular irritation.

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Paraformaldehyde Market: Segmentation

  • >94%
  • Above 94%
  • PF(91% - 93% )
  • PF(95% - 97% )
  • Pesticide
  • Coating
  • Resin
  • Papermaking
  • Others
End Use
  • Petroleum Industry
  • Ink, Oil & Paints
  • Electrical Industry
  • Plastic Industry
  • Rubber Industry
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Paraformaldehyde Market: Regional Outlook

Paraformaldehyde market is spread differently globally. The paraformaldehyde industry is at a technological advantage in countries such as Spain, U.S. and China. Moreover, manufacturers in Europe and North America have more mature equipment, robust research & development capabilities although the manufacturing cost is relatively higher in these region when compared to countries in Asia Pacific, such as China, Indonesia, and Malaysia.

Manufactures in North America and Europe are at a competitive disadvantage. Over time as technological advancements are achieved China is expected to improve on its share in the international market of paraformaldehyde and hence the competitiveness is likely to gradually intensify.

Countries such as Brazil, Argentina, Mexico, and Colombia are expected to be emerging market players in the region of Latin America owing to growing agricultural activities in the region. As the region is highly agricultural industry oriented, demand for agrochemicals is likely to increase over the coming years.

Middle East & Africa is expected to project a steady growth rate owing to demand from GCC countries, Turkey, Egypt and other for paraformaldehyde in the coming years.

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Paraformaldehyde Market: Key participants

Ercros, Celanese, CCP, Caldic, Shandong Tuobo, LCY Chemical, Yinhe Chemical, Nantong Jiangtian, Wanhua Chemical, LINYI TAIER, Shouguang Xudong, and Xiangrui Chemical among others.

The Paraformaldehyde Market report covers exhaustive analysis on,

  • Paraformaldehyde Market Segments
  • Paraformaldehyde Market Dynamics
  • Paraformaldehyde Market Size
  • Supply & Demand Scenario
  • Current Trends/Issues/Challenges in Paraformaldehyde market
  • Competition & Companies involved in Paraformaldehyde market
  • Technology used in Paraformaldehyde Market
  • Value Chain

Regional analysis of Paraformaldehyde Market includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
  • Eastern Europe (Russia, Poland, CIS)
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Paraformaldehyde Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Paraformaldehyde market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Paraformaldehyde market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing Paraformaldehyde market dynamics in the industry
  • In-depth Paraformaldehyde market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape in Paraformaldehyde market
  • Strategies of key players and products offered in Paraformaldehyde market
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Paraformaldehyde market performance
  • Must-have information for market players to sustain and enhance their market footprint

- Companies Covered in This Report -

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