Paraformaldehyde Market Research Report - Global Forecast till 2030

Paraformaldehyde Market Research Report: Information by Application (Resins, Agrochemicals, Pharmaceuticals, Additives, Oil Well Drilling Chemicals, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa)—Forecast till 2030

ID: MRFR/CnM/2107-HCR | September 2022 | Region: Global | 135 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End User

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Market Dynamics of Global Paraformaldehyde Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends/Technology

6. Global Paraformaldehyde Market, by Application

6.1 Introduction

6.2 Resins

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 Agrochemicals

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

6.4 Pharmaceuticals

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, by Region, 2020-2027

6.5 Additives

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast, by Region, 2020-2027

6.6 Oil Well Drilling Chemicals

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast, by Region, 2020-2027

6.7 Others

6.7.1 Market Estimates & Forecast, 2020-2027

6.7.2 Market Estimates & Forecast, by Region, 2020-2027

7. Global Paraformaldehyde Market, by Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Application, 2020-2027

7.2.3 US

7.2.3.1 Market Estimates & Forecast, 2020-2027

7.2.3.2 Market Estimates & Forecast, by Application, 2020-2027


7.2.4 Canada

7.2.4.1 Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast, by Application, 2020-2027

7.3 Europe

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Application, 2020-2027

7.3.3 Germany

7.3.3.1 Market Estimates & Forecast, 2020-2027

7.3.3.2 Market Estimates & Forecast, by Application, 2020-2027

7.3.4 France

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast, by Application, 2020-2027

7.3.5 Italy

7.3.5.1 Market Estimates & Forecast, 2020-2027

7.3.5.2 Market Estimates & Forecast, by Application, 2020-2027

7.3.6 Spain

7.3.6.1 Market Estimates & Forecast, 2020-2027

7.3.6.2 Market Estimates & Forecast, by Application,2020-2027

7.3.7 UK

7.3.7.1 Market Estimates & Forecast, 2020-2027

7.3.7.2 Market Estimates & Forecast, by Application,2020-2027

7.3.8 Russia

7.3.8.1 Market Estimates & Forecast, 2020-2027

7.3.8.2 Market Estimates & Forecast, by Application,2020-2027

7.3.9 Poland

7.3.9.1 Market Estimates & Forecast, 2020-2027

7.3.9.2 Market Estimates & Forecast, by Application, 2020-2027

7.3.10 Rest of Europe

7.3.10.1 Market Estimates & Forecast, 2020-2027

7.3.10.2 Market Estimates & Forecast, by Application, 2020-2027

7.4 Asia-Pacific

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Application, 2020-2027

7.4.3 China

7.4.3.1 Market Estimates & Forecast, 2020-2027

7.4.3.2 Market Estimates & Forecast, by Application, 2020-2027

7.4.4 India

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast, by Application, 2020-2027

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2020-2027

7.4.5.2 Market Estimates & Forecast, by Application, 2020-2027

7.4.6 Australia & New Zealand

7.4.6.1 Market Estimates & Forecast, 2020-2027

7.4.6.2 Market Estimates & Forecast, by Application, 2020-2027

7.4.7 Rest of Asia-Pacific

7.4.7.1 Market Estimates & Forecast, 2020-2027

7.4.7.2 Market Estimates & Forecast, by Application, 2020-2027

7.5 Middle East & Africa

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Application, 2020-2027

7.5.3 GCC

7.5.3.1 Market Estimates & Forecast, 2020-2027

7.5.3.2 Market Estimates & Forecast, by Application, 2020-2027

7.5.4 Israel

7.5.4.1 Market Estimates & Forecast, 2020-2027

7.5.4.2 Market Estimates & Forecast, by Application, 2020-2027

7.5.5 North Africa

7.5.5.1 Market Estimates & Forecast, 2020-2027

7.5.5.2 Market Estimates & Forecast, by Application, 2020-2027

7.5.6 Turkey

7.5.6.1 Market Estimates & Forecast, 2020-2027

7.5.6.2 Market Estimates & Forecast, by Application, 2020-2027

7.5.7 Rest of Middle East & Africa

7.5.7.1 Market Estimates & Forecast, 2020-2027

7.5.7.2 Market Estimates & Forecast, by Application, 2020-2027

7.6 Latin America

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Application, 2020-2027

7.6.3 Brazil

7.6.3.1 Market Estimates & Forecast, 2020-2027

7.6.3.2 Market Estimates & Forecast, by Application, 2020-2027

7.6.4 Argentina

7.6.4.1 Market Estimates & Forecast, 2020-2027

7.6.4.2 Market Estimates & Forecast, by Application, 2020-2027

7.6.5 Mexico

7.6.5.1 Market Estimates & Forecast, 2020-2027

7.6.5.2 Market Estimates & Forecast, by Application, 2020-2027

7.6.6 Rest of Latin America

7.6.6.1 Market Estimates & Forecast, 2020-2027

7.6.6.2 Market Estimates & Forecast, by Application, 2020-2027

8. Company Landscape

8.1 Introduction

8.2 Market Strategy

8.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

9. Company Profiles

9.1 Celanese Corporation

9.1.1 Company Overview

9.1.2 Financial Updates

9.1.3 Product/Business Segment Overview

9.1.4 Strategy

9.1.5 Key Developments

9.1.6 SWOT Analysis

9.2 Chemanol

9.2.1 Company Overview

9.2.2 Financial Updates

9.2.3 Product/Business Segment Overview

9.2.4 Strategy

9.2.5 Key Developments

9.2.6 SWOT Analysis

9.3 Ercros S.A

9.3.1 Company Overview

9.3.2 Financial Updates

9.3.3 Product/Business Segment Overview

9.3.4 Strategy

9.3.5 Key Developments

9.3.6 SWOT Analysis

9.4 PT. Dover Chemical

9.4.1 Company Overview

9.4.2 Financial Updates

9.4.3 Product/Business Segment Overview

9.4.4 Strategy

9.4.5 Key Developments

9.4.6 SWOT Analysis

9.5 Prefere Resins Holding GmbH

9.5.1 Company Overview

9.5.2 Financial Updates

9.5.3 Product/Business Segment Overview

9.5.4 Strategy

9.5.5 Key Developments

9.5.6 SWOT Analysis

9.6 Alder S.p.A

9.6.1 Company Overview

9.6.2 Financial Updates

9.6.3 Product/Business Segment Overview

9.6.4 Strategy

9.6.5 Key Developments

9.6.6 SWOT Analysis

9.7 Merck KGaA

9.7.1 Company Overview

9.7.2 Financial Updates

9.7.3 Product/Business Segment Overview

9.7.4 Strategy

9.7.5 Key Developments

9.7.6 SWOT Analysis

9.8 Kothari Phytochemicals & Industries Ltd.

9.8.1 Company Overview

9.8.2 Financial Updates

9.8.3 Product/Business Segment Overview

9.8.4 Strategy

9.8.5 Key Developments

9.8.6 SWOT Analysis

9.9 Simalin Chemical Industries Pvt Ltd

9.9.1 Company Overview

9.9.2 Financial Updates

9.9.3 Product/Business Segment Overview

9.9.4 Strategy

9.9.5 Key Developments

9.9.6 SWOT Analysis

9.9 Synthite

9.9.1 Company Overview

9.9.2 Financial Updates

9.9.3 Product/Business Segment Overview

9.9.4 Strategy

9.9.5 Key Developments

9.9.6 SWOT Analysis

9.11 NANTONG JIANGTIAN CHEMICALS CO., LTD

9.11.1 Company Overview

9.11.2 Financial Updates

9.11.3 Product/Business Segment Overview

9.11.4 Strategy

9.11.5 Key Developments

9.11.6 SWOT Analysis

9.12 Jinan xiangrui chemical co., ltd

9.12.1 Company Overview

9.12.2 Financial Updates

9.12.3 Product/Business Segment Overview

9.12.4 Strategy

9.12.5 Key Developments

9.12.6 SWOT Analysis

9.13 Ekta International

9.13.1 Company Overview

9.13.2 Financial Updates

9.13.3 Product/Business Segment Overview

9.13.4 Strategy

9.13.5 Key Developments

9.13.6 SWOT Analysis

10. Conclusion

LIST OF TABLES


Table 1 Global Paraformaldehyde Market: by Region, 2020-2027

Table 2 North America: Paraformaldehyde Market, by Country, 2020-2027

Table 3 Europe: Paraformaldehyde Market, by Country, 2020-2027

Table 4 Asia-Pacific: Paraformaldehyde Market. by Country, 2020-2027

Table 5 Middle East & Africa: Paraformaldehyde Market, by Country, 2020-2027

Table 6 Latin America: Paraformaldehyde Market, by Country, 2020-2027

Table 7 Global Paraformaldehyde Application Market, by Regions, 2020-2027

Table 8 North America: Paraformaldehyde Application Market, by Country, 2020-2027

Table 9 Europe: Paraformaldehyde Application Market, by Country, 2020-2027

Table10 Asia-Pacific: Paraformaldehyde Application Market, by Country, 2020-2027

Table11 Middle East & Africa: Paraformaldehyde Application Market, by Country, 2020-2027

Table12 Latin America: Paraformaldehyde Application Market, by Country, 2020-2027

Table 13 Global Paraformaldehyde End-Use Industry Market, by Regions, 2020-2027

Table14 North America: Paraformaldehyde End-Use Industry Market, by Country, 2020-2027

Table15 Europe: Paraformaldehyde End-Use Industry Market, by Country, 2020-2027

Table16 Asia-Pacific: Paraformaldehyde End-Use Industry Market, by Country, 2020-2027

Table17 Middle East & Africa: Paraformaldehyde End-Use Industry Market, by Country, 2020-2027

Table18 Latin America: Paraformaldehyde by End-Use Industry Market, by Country, 2020-2027

Table19 Global Application Market, by Region, 2020-2027

Table20 Global End-Use Industry Market, by Region, 2020-2027

Table21 North America: Paraformaldehyde Market, by Country, 2020-2027

Table22 North America: Paraformaldehyde Market, by Application, 2020-2027

Table23 North America: Paraformaldehyde Market, by End-Use Industry, 2020-2027

Table24 Europe: Paraformaldehyde Market, by Country, 2020-2027

Table25 Europe: Paraformaldehyde Market, by Application, 2020-2027

Table26 Europe: Paraformaldehyde Market, by End-Use Industry, 2020-2027

Table27 Asia-Pacific: Paraformaldehyde Market, by Country, 2020-2027

Table28 Asia-Pacific: Paraformaldehyde Market, by Application, 2020-2027

Table29 Asia-Pacific: Paraformaldehyde Market, by End-Use Industry, 2020-2027

Table30 Middle East & Africa: Paraformaldehyde Market, by Country, 2020-2027

Table31 Middle East & Africa: Paraformaldehyde Market, by Application, 2020-2027

Table32 Middle East & Africa: Paraformaldehyde Market, by End-Use Industry, 2020-2027

Table33 Latin America: Paraformaldehyde Market, by Country, 2020-2027

Table34 Latin America: Paraformaldehyde Market, by Application, 2020-2027

Table35 Latin America: Paraformaldehyde Market, by End-Use Industry, 2020-2027

LIST OF FIGURES

FIGURE 1 Global Paraformaldehyde Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Paraformaldehyde Market

FIGURE 4 Value Chain of Global Paraformaldehyde Market

FIGURE 5 Share of Global Paraformaldehyde Market in 2020, by Country

FIGURE 6 Global Paraformaldehyde Market, 2020-2027,

FIGURE 7 Global Paraformaldehyde Market Size, by Application, 2020

FIGURE 8 Share of Global Paraformaldehyde Market, by Application, 2020-2027

FIGURE 9 Global Paraformaldehyde Market Size, by End-Use Industry, 2020

FIGURE10 Share of Global Paraformaldehyde Market, by End-Use Industry, 2020-2027

Paraformaldehyde Market

The paraformaldehyde market is projected to register a CAGR of over 4.50%, reaching a value of around USD 615 billion by 2030

Segmentation

By Application Resins Agrochemicals Pharmaceuticals Additives Oil Well Drilling Chemicals And Others

Key Players

  • Celanese Corporation (US)
  • Chemanol (Saudi Arabia)
  • Ercros S.A (Spain)
  • PT. Dover Chemical (Indonesia)
  • Prefere Resins Holding GmbH (German)
  • Alder S.p.A (Italy)
  • Merck KGaA (Germany)
  • Kothari Phytochemicals & Industries Ltd. (India)
  • Simalin Chemical Industries Pvt Ltd (India)
  • Synthite (UK)
  • NANTONG JIANGTIAN CHEMICALS CO.
  • LTD (China)
  • Jinan xiangrui chemical co.
  • and Ekta International (India).

Drivers

  • Its widespread use in the production of many thermosetting resins such as phenol
  • urea
  • melamine
  • resorcinol
  • and others.
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Paraformaldehyde Market Overview

The paraformaldehyde market is projected to register a CAGR of over 4.50%, reaching a value of around USD 615 billion by 2030.

Paraformaldehyde is a white solid with the pungent, characteristic formaldehyde odor. Paraformaldehyde is a polymer of formaldehyde, also known as polyoxymethylene. Paraformaldehyde itself is not a fixing agent and needs to be broken down into its basic building block, i.e., formaldehyde by heating it and by adding small amounts of sodium hydroxide. It is widely used by resin manufacturers seeking low water content or more favorable control of reaction rates as compared to aqueous formaldehyde solutions. This is because the paraformaldehyde does not need to be dissolved in water to take part in a chemical reaction.


The global market is mainly driven by its widespread use in the production of many thermosetting resins such as phenol, urea, melamine, resorcinol, and others. These resins have applications in paper coatings, adhesives, molding compounds, electrical insulation, paints, lenses, fishing rods, and bearings, among others, which is fueling the demand for paraformaldehyde in production of resins. Additionally, it is also used as a fungicide, fixative, fumigant, and disinfectant in the agriculture sector. The growing agricultural industry, along with the limited presence of arable land is a major driver of the global paraformaldehyde market. Fast-paced industrialization and urbanization have resulted in an increased number of construction activities, thereby resulting in limited availability of cultivable land, which drives the demand for paraformaldehyde in the global market.

Another driver of the paraformaldehyde market is its use in the preparation of formalin fixatives for tissues or cells when the samples are to be used in florescence studies during staining procedures. It is also used in the poultry industry as a disinfectant in hatcheries, cattle, and sheep for sanitizing the bedding in the sheds.
Manufacturers in this market are focused on strategic growth initiatives such as agreements, acquisitions, and mergers. For instance, Prefere Resins Holding GmbH, a German-based polymer company, acquired INEOS’s melamines and paraform businesses, along with the production sites in the US, Germany, and Indonesia. However, the hazardous effects of paraformaldehyde, such as cancer and nasal and ocular irritation are expected to hamper the growth of the market during the forecast period.


Regional Analysis


The global paraformaldehyde market has been studied for five regions– North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest market share in 2018 due to the high demand for thermosetting resins such as polyethylene terephthalate, polyethylene, polyvinyl chloride, polypropylene, among others in various major end-use industries such as construction, automotive & transportation, electronics, and packaging. The other major driver of the paraformaldehyde market in the region is the presence of agricultural countries such as India, Malaysia, and Thailand.

The large industrial base in Europe and North America is expected to fuel the demand for paraformaldehyde during the review period. The increasing inclination towards using lightweight materials for use in construction, automotive, and electronics is expected to drive the market in these regions. The market in Latin America is expected to witness significant growth owing to the industrialization in developing countries in the region such as Brazil and Chile. The growth of the agricultural industry in the region, especially in Brazil, is another prime factor driving the demand for paraformaldehyde as an agrochemical-market-749'>agrochemical. The infrastructural hub present in GCC, the UAE, and Saudi Arabia is projected to drive the demand for paraformaldehyde in the market in the Middle East & Africa.


Segmentation


The global paraformaldehyde market has been segmented by application and region. Based on application, the global market has been segregated into resins, agrochemicals, pharmaceuticals, additives, oil well drilling chemicals, and others.


Key Players


Some of the prominent players operating in the global paraformaldehyde market are Celanese Corporation (US), Chemanol (Saudi Arabia), Ercros S.A (Spain), PT. Dover Chemical (Indonesia), Prefere Resins Holding GmbH (German), Alder S.p.A (Italy), Merck KGaA (Germany), Kothari Phytochemicals & Industries Ltd. (India), Simalin Chemical Industries Pvt Ltd (India), Synthite (UK), NANTONG JIANGTIAN CHEMICALS CO., LTD (China), Jinan xiangrui chemical co., ltd (China), and Ekta International (India).  

Recent Development

• October 2021-
The scientists from the Botanical Society of America are working on plant sciences research. The research precludes the requirement for specimen staining by drumming into the natural autofluorescence of tissues in species within the plant tree of life. The scientists stated that the work would offer a generalized, cost-effective plant sample preparation and visualization protocol relevant to large research institutions and minor plant science groups. When particular tissue types in both animals and plants absorb light, electrons in their atoms get boosted with energy that pushes them into an excited state. These electrons in plant leaves become so volatile that they break free from their atoms and are utilized by the plant to carry photosynthesis. The extra energy is released again in low-frequency light form in other tissues, which is bright enough to be identified with specialized microscopes. In cases where researchers have to use stains to see particular structures, the nearby tissues' autofluorescence can reduce the contrast between various cell types.



Intended Audience



  • Paraformaldehyde manufacturers

  • Traders and distributors of paraformaldehyde

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 615 billion
  CAGR   4.50%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Celanese Corporation (US), Chemanol (Saudi Arabia), Ercros S.A (Spain), PT. Dover Chemical (Indonesia), Prefere Resins Holding GmbH (German), Alder S.p.A (Italy), Merck KGaA (Germany), Kothari Phytochemicals & Industries Ltd. (India), Simalin Chemical Industries Pvt Ltd (India), Synthite (UK), NANTONG JIANGTIAN CHEMICALS CO., LTD (China), Jinan xiangrui chemical co., ltd (China), and Ekta International (India).
  Key Market Opportunities   The growing agricultural industry, along with the limited presence of arable land is a major driver
  Key Market Drivers   Its widespread use in the production of many thermosetting resins such as phenol, urea, melamine, resorcinol, and others.


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Frequently Asked Questions (FAQ) :

The paraformaldehyde market is predicted to grow at a 4.50% CAGR between 2022-2030.

The global paraformaldehyde market is predicted to touch USD 615 billion by 2030.

Asia Pacific is predicted to have the largest share in the paraformaldehyde market.

Increasing use in different thermosetting resins production, booming agriculture industry, and increasing use in the poultry industry are boosting market growth.

Harmful impact on human health may restrict market growth.