The report evaluates the Paraformaldehyde Market share command by the key Players of the business and offers a full assessment of the competitive landscape. This market is split into completely totally different sections with the profound analysis of each phase with relevancy the geography for the study quantity. Supported the historical data, the report estimates future prospects and provides the market trends, size, growth, and estimation for the amount 2018-2025.
Paraformaldehyde is a white powdery substance with a pungent odor of formaldehyde. The major applications of paraformaldehyde are production of resins and agrochemicals. It is used in numerous industries such as chemicals, paint industry, pharmaceutical & chemical industry. It is used in the manufacturing of various products such as resins, paper, leather, dyes, herbicides, rubber auxiliaries and plastics.
Paraformaldehyde is classified according to application as resins, agrochemicals, medical applications and others (including development of photographic films, papermaking, oil field chemicals, lubricant additives, etc.). Agrochemicals is the fastest growing segment. It is due to increased demand of herbicides in genetically modified crops.
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The key drivers for paraformaldehyde market are increased uses in agricultural chemicals such as herbicides, bactericides, fungicides and pesticides. The usage of paraformaldehyde for production of resins is expected to boost the market during the forecast period. The growth of its usage in healthcare and automobile industry is expected to provide new opportunities in the market. The key constraint of this market is health hazards of paraformaldehyde.
Asia Pacific is the fastest growing market and is expected to grow during the forecast period. The factors influencing its growth are production of paraformaldehyde in China, increasing development in construction, automotive and agricultural sectors and increasing disposable income in developing economies. The major companies operating in this market are Alder, Celanese Corporation, Chemanol, Ercros S.A., Feno Resinas S.A de C.V., INEOS Group Limited, Jinan Xiangrui Chemical Co., Ltd, LCY Chemical Corp., Nantong Jiangtian Chemical Co., Shandong Shuangqi Chemical Co., and Shouguang Xudong Chemical Co. Geographically, this market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4.Paraformaldehyde Market Analysis By Application
5.Paraformaldehyde Market Analysis By Geography
6.Competitive Landscape Of Paraformaldehyde Companies
7.Company Profiles Of Paraformaldehyde Industry
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