Global Paraformaldehyde Market Information- by End User (Plastic Industry, Pharmaceutical, Agrochemical, and others) and by Region – Forecast till 2023
PUNE, MAHARASHTRA, INDIA, May 15, 2017 /EINPresswire.com/ — Global Paraformaldehyde Market Information- by End User (Plastic Industry, Pharmaceutical, Agrochemical, and others) and by Region – Forecast till 2023, 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.
The Global Paraformaldehyde market is expected to witness a significant growth of ~802.85 million by 2023 with CAGR of ~6.2% between 2016 and 2023.
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 has found numerous application such as Resin, production of urea formaldehyde, herbicides in agrochemicals, lubricant additives and many other. Increasing demand of plastic industry, pharmaceutical, agrochemical, and others is likely to drive the paraformaldehyde market growth.
the growing plastic industry on account of developing domestic as well as commercial particularly in Asia-Pacific including China and India. additonally Middle East has boosted the global paraformaldehyde market over the forecasted period. Agrochemicals is the fastest growing segment due to increased demand of herbicides. Demand in pharmaceutical industry is expected to present new opportunities in the market.
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.
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)
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.
Study Objectives of Paraformaldehyde Market:
• To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Paraformaldehyde Market
• To understand the supply and demand dynamics including supply and consumption concentration mapping
• To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the
World (ROW) and their countries
• To provide competitor positioning of the market
• To provide company profiling of major players in the market along with their production and capacity
• To provide regional trade analysis
• To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
• Paraformaldehyde manufacturers
• Traders and distributors of Paraformaldehyde
• Production Process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory
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 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Paraformaldehyde Market
5 Industry Overview of Global Paraformaldehyde Market
5.2 Growth Drivers
5.3 Impact analysis
5.4 Market Challenges
5.5 Impact analysis
6 Market Trends
6.2 Growth Trends
6.3 Impact analysis
7. Global Paraformaldehyde Market by Region
8. Global Paraformaldehyde Market by End User ((Plastic Industry, Pharmaceutical, Agrochemical, and others)