Title: PPT for Paraformaldehyde Market Research.
1Paraformaldehyde Market Share and Forecast
2016-2024
Paraformaldehyde Market Size by Application
(Resins, Agrochemicals, and Medical
Applications), Industry Analysis Report, Regional
Outlook (U.S., Canada, Germany, UK, France,
Spain, Italy, China, India, Japan, Australia,
Indonesia, Malaysia, Brazil, Mexico, South
Africa, GCC), Growth Potential, Price Trends,
Competitive Market Share Forecast, 2016 2024
2Global Market Scenario of Paraformaldehyde
- Paraformaldehyde Market size was USD 493.2
million in 2015 with gains at over 6 between
2016 and 2024. - Paraformaldehyde market shall grow substantially
in the near future due to its growing demand as
fungicide, fixative, fumigant, and disinfectant.
Boosting agricultural sector due to increasing
global population is a preliminary driving factor
for paraformaldehyde market. - Paraformaldehyde is commonly used in the
pharmaceutical industry as a general and
specialty disinfectant. The global pharmaceutical
industry size is growing annually at over 4 and
is likely to cross USD 1.5 trillion by 2024. - Paraformaldehyde from consumer goods and
industrial activity can cause ocular nasal
irritation. In some cases, it has been reported
to lead to cancer, which can slow down the
product market.
3- Product Analysis-
- 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 technologies in warehouses
are some of the key factors propelling the growth
of these products. - Regional Trends-
- 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. - 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.
4 U.S. Paraformaldehyde Market Size, By
Application, 2013-2024 (USD Million)
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