January 25, 2022 04:48 ET | Source: Research and Markets Research and Markets
Dublin, Jan. 25, 2022 (GLOBE NEWSWIRE) -- The "Paraformaldehyde Market by Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering. The paraformaldehyde market size was valued at $1.6 billion in 2020, and is projected to reach $2.8 billion by 2030, at a CAGR of 5.5% from 2021 to 2030. Paraformaldehyde is a white crystalline solid, which is widely used as a disinfectant and fixative. Polyformaldehyde has a strong pungent odor similar to that of formaldehyde due to decomposition. It contains 89-91% formaldehyde and 9-11% water. Vacuum drying process and spray drying are the two major processes used to manufacture paraformaldehyde. It is toxic and is a potential carcinogen. The significant growth of the agricultural sector is expected to foster the demand for paraformaldehyde, thereby driving the growth of the global paraformaldehyde market. Paraformaldehyde is depolymerized and used as a fumigant, disinfectant, bactericide, and fixative. Paraformaldehyde is further used to make thermoplastics. Therefore, the rise in demand for thermoplastics in the construction industry and the development of the plastics industry promote market growth.
Moreover, paraformaldehyde is used to make resin adhesives, which, in turn, are used to make particleboard, medium-density fiberboard, and plywood using melamine, phenol, or other reactants. In addition, it is used to synthesize trimethylolpropane, melamine resin, urea resin, ethylene glycol & ion exchange resin, pentaerythritol, phenolic resin, and N-methylolacrylamide.
Thus, the increase in applications of paraformaldehyde notably contributes toward the growth of the global market. However, the toxicity and carcinogenicity of paraformaldehyde are expected to hinder market growth. In addition, the transportation of paraformaldehyde is hazardous, which limits market growth. Companies Profiled:
The global paraformaldehyde market report provides in-depth competitive analysis as well as profiles of these major players.
Key Topics Covered: CHAPTER 1: INTRODUCTION 1.1. Report description 1.2. Key benefits for stakeholders 1.3. Key market segments 1.4. Research methodology 1.4.1. Secondary research 1.4.2. Primary research 1.5. Analyst tools and models CHAPTER 2: EXECUTIVE SUMMARY 2.1. Key findings of the study 2.2. CXO perspective CHAPTER 3: MARKET OVERVIEW 3.1. Market definition and scope 3.2. Key findings 3.2.1. Top investment pockets 3.3. Porter's five forces analysis 3.4. Market dynamics 3.4.1. Drivers 3.4.1.1. Increase in applications of paraformaldehyde 3.4.2. Restraints 3.4.2.1. Health effects of paraformaldehyde 3.4.3. Opportunity 3.4.3.1. Growing demand from diverse industries to encourage growth 3.5. Patent analysis, 2015-2020 3.5.1. Patent analysis, by country 3.6. Impact of government rules and regulations 3.7. Impact of Corona (COVID-19) outbreak on the paraformaldehyde market 3.8. Pricing analysis
CHAPTER 4: PARAFORMALDEHYDE MARKET, BY APPLICATION 4.1. Overview 4.2. Resins 4.3. Agrochemicals 4.4. Medical 4.5. Other
CHAPTER 5: PARAFORMALDEHYDE MARKET, BY REGION 5.1. Overview 5.2. North America 5.3. Europe 5.4. Asia-Pacific 5.5. LAMEA
CHAPTER 6: COMPETITIVE LANDSCAPE 6.1. INTRODUCTION 6.1.1. MARKET PLAYER POSITIONING, 2020 6.2. TOP WINNING STRATEGIES 6.2.1. Top winning strategies, by year 6.2.2. Top winning strategies, by development 6.2.3. Top winning strategies, by company 6.3. PRODUCT MAPPING OF TOP 10 PLAYER 6.4. COMPETITIVE HEATMAP 6.5. KEY DEVELOPMENTS 6.5.1. Expansions 6.5.2. Acquisition CHAPTER 7: COMPANY PROFILES: For more information about this report visit https://www.researchandmarkets.com/r/5hgqxg