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The Rising demand for paraformaldehyde in the agriculture sector, growing use in fumigants, disinfectants, fertilizers, and pesticides are Drives Growth
NEW YORK CITY, NEW YORK, UNITED STATES, August 18, 2022 /EINPresswire.com / -- Reports and Data has recently published a novel research report on global Paraformaldehyde Market covering current market scenario and market developments between 2019 and 2030. The report offers in-depth analysis of historical and latest market trends along with revenue growth, market size, drivers, restraints, limitations and opportunities. The report is well curated using statistical methods such as SWOT analysis and Porter's Five Force and presented using tables, graphs, charts, figures and other pictorial representations to help user understand the market dynamics. The data is collected using extensive primary and secondary research which is evaluated by experts and professionals in the industry.
Paraformaldehyde (PFA) is the smallest polyoxymethylene – the polymerization product of formaldehyde – which forms as a white precipitate in aqueous formaldehyde solutions when stored in a cool place. The substance is a poly-acetal and has a pungent odor similar to formaldehyde. It can be depolymerized to formaldehyde gas through process of dry heating, and, to formaldehyde solution using water, along with an acid or base. High-purity formaldehyde solutions that are derived through these processes are widely used as a fixative in histology, pathology, and microscopy. The depolymerized form of paraformaldehyde is used as a disinfectant, fumigant, pesticide, and fungicide
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Key Companies in the market include: Alfa Aesar, Alpha Chemika, Caldic, Celanese, Chemanol, Ekta International, Merck, Yinhe Chemical, Interatlas Chemical Inc., Hebei Yuhang Chemical Industry Co., Ltd., Nantong Jiangtian Chemical Co., Ltd., Jinan Xiangrui Chemical Co., Ltd., Stormmax ASSP Ltd., Chemicals Factory, GFS Chemical, Shanghai Orgpharma Chemical Co., Ltd., Changzhou Koye Chemical Co., Ltd., Linyi Ruifeng Machinery Co., Ltd., Asia Chemical Company, Pure Chemistry Scientific Inc., Tianjin Yuanlong Chemical Industry Co.
Report Overview: The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Paraformaldehyde Market is expected to register robust revenue growth during the forecast period, 2019-2030. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
Substantial revenue growth of the global paraformaldehyde market is attributed to factors such as rising demand for paraformaldehyde in the agriculture, medical, paints & coatings, papermaking, printing, oil & gas, and chemical industries. Paraformaldehyde is used as a disinfectant, as well as hardening and waterproofing agent. It is used in making adhesives, lubricants, resins, thermoplastics, automotive topcoats & finishes, agrochemicals such as fertilizers, pesticides, and fungicides, and wooden products such as plywood and furniture. Paraformaldehyde acts as finishing resins for paper and textiles; as insulating varnishes for electrical parts; as driers and glossing agents for paints & coatings; and as fixatives in cell culture studies.
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Market Segmentation:
Purity Outlook (Revenue, USD Billion; 2019-2030)
91%-93%
95%-97%
Application Outlook (Revenue, USD Billion; 2019-2030)
Resins
Agrochemicals
Medical
Photographic films
Papermaking
Paints & Coatings
Oil field chemicals
Lubricant additives
Others
Regional Outlook:
North America
US.
Canada
Mexico
Europe
Germany
UK.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Key questions covered in the global Paraformaldehyde Market report:
What is the expected market size of the global Paraformaldehyde Market during the forecast period?
What factors are expected to hamper global Paraformaldehyde Market growth over the forecast period?
What key factors are expected to drive global revenue growth between 2021 and 2028?
Which application segment is expected to dominate other application segments over the forecast period?
Which region is expected to dominate in terms of revenue during the forecast period?
What are the key outcomes of Porter's Five Forces analysis and SWOT analysis?
Which leading players are operating in the global Paraformaldehyde Market?
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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