PDF-Paraformaldehyde Market

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U.S. Paraformaldehyde Market Size, By Application, 2013-2024 (USD Million) To browse this report titled, “Construction Chemicals Market Size by Product, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024” please click on the link below: https://www.gminsights.com/industry-analysis/paraformaldehyde-market Agrochemical applications account for over 40% share in the application industry. Rising need for yield-enhancing agrochemical coupled with concerns over food security to feed the soaring population will support paraformaldehyde market growth. This application will register a CAGR of above 6% by 2024. Paraformaldehyde resins application will exhibit a CAGR of nearly 5% till 2024 in the market. The compound is used to manufacture different resin forms such as polyester, polyamides, alkyds, amines, polyurethanes, aromatic polyamides, polycarbonates, and phenols. Favorable properties of these resins make them suitable for automotive, aerospace, paints & coatings, rubber, adhesives, electrical; & electronics, and paper industries. Fungicide and fumigant products of the market will witness a substantial growth up till 2024. Shift in farming practices, mounting post-harvest crop losses, storage 2 | P a g e
technologies in warehouses are some of the key factors propelling the growth of these products. Asia Pacific contributed to over 50% of the paraformaldehyde market revenue in 2024. For example, India is known as primarily an agricultural economy where minimizing crop losses and achieving food crops self-sufficiency, will pave the way for paraformaldehyde usage in future with increased agrochemical consumption. Construction projects across the developing economies of the region are gaining momentum and will uplift the demand for resins. Automotive sector is also registering a decent growth rate in ASEAN economies as OEM’s are setting up manufacturing plants and expanding existing production capacities to cater to the increasing demand from the region. This will in turn increase resin consumption in the region. Germany accounts for more than 15% share in its European market. Spearheading developments in, electronics, automotive, aerospace and other engineering companies in the country makes it a substantial contributor of its region. U.S. is an international hub for the pharmaceutical industry from past few decades. Paraformaldehyde consumption in the medical sector as a fixative and disinfectant will grow its market. Technological advancements in medical sector have given a boost to its industry. Prominent manufacturers in paraformaldehyde market are Parchem, Inter Atlas Chemical, GFS Chemicals, Alfa Aesar, Shanghai Orgpharma Chemical Co., Ltd., Ekta International, Thana Acid, Oswal Udhyog, Asia Chemical Company, Caldic, and Nantong Jiangtian Chemical Co., Ltd. About Global Market Insights Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 3 | P a g e
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PDF-Paraformaldehyde Market

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