Press release
Paraformaldehyde Market gains at over 6% between 2016 and 2024.
"Paraformaldehyde Market is poised to exceed USD 800 million according to this new research report.
Robust product demand is primarily attributed to increasing consumption of thermosetting composites which are extensively used in marine, automotive, construction and electronics industry. Increasing demand for power boats, speed boats, sail boats and cruise ship will effectively contribute towards paraformaldehyde market by 2024. In addition, extensive product application for manufacturing various autoparts including mirrors, gears, door lock system, seating parts, wind shield wipers, etc. will drive paraformaldehyde market by 2024. For instance, the global production of cars was over 70 million units in 2016 which is anticipated to grow at a CAGR of over 4% over the projected timespan. This will subsequently drive paraformaldehyde market by 2024.
Global population is consistently increasing and is expected to reach over 9.9 billion by 2050. Increasing food demand which is attributed to growing population will ultimately propel agrochemicals demand to improve the overall production of crops. This will subsequently boost paraformaldehyde market by 2024. In addition, growing popularity of product based fixatives in personal care, homecare, etc. will have positive influence on the paraformaldehyde market over the projected timespan. Moreover, the product finds widespread application in pharmaceuticals, shooting & lithography, consumer goods, and chemical synthesis which will subsequently drive paraformaldehyde market by 2024.
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Toxic and hazardous nature of product is likely to cause irritation in eye and nose which will impede paraformaldehyde market by 2024. Moreover, it is reported that prolonged human contact with the product has possibility of causing cancer which is expected to hamper paraformaldehyde market over the projected timespan.
The resins application segment contributed a major portion which accounted for over 45% of the total paraformaldehyde market in 2016. Wide variety of resins including amines, polycarbonates, polyether, polyurethanes, phenols, etc. and exhibit excellent characteristics such as elasticity, stiffness, resistance to high temperature, chemical and corrosion resistance These have widespread applications in paper coating, insulation, automotive, rubber, electrical & electronics, etc. which will stimulate paraformaldehyde Market for resin during the forecast period.
Browse key industry insights from the report, “Paraformaldehyde Market” in detail along with the table of contents:
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Asia Pacific constituted for more than half of the total paraformaldehyde market share in 2016. This is primarily attributed to rapid industrialization and urbanization which has resulted in strong growth in the construction sector. For instance, China spend over 1.5 trillion and India contributed over USD 400 billion in 2016 which has resulted in growing resin consumption in the region which will drive paraformaldehyde market by 2024. Presence of key automobile players in the Europe will lead to increasing paraformaldehyde application as resin in manufacturing variety of auto parts which will subsequently boost paraformaldehyde market in the region by 2024.
Key industry share contributors of paraformaldehyde are Tianjin Yuanlong Industry, Oswal Udhyog, Asia Chemical, Stormmax ASSP, Linyi Ruifeng, Nantong Jiangtian, Zibo Qingxin Chemicals and Inter Atlas.
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Paraformaldehyde market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Paraformaldehyde market by application
o Resins
o Agrochemicals
o Medical
o Others
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o Middle East & Africa
§ South Africa
§ GCC
Report Content
Chapter 5. Paraformaldehyde Market, By Region
5.1. Paraformaldehyde market share by region, 2015 & 2024
5.2. North America
5.2.1. North America market estimates and forecast, 2013 – 2024
5.2.2. North America Market estimates and forecasts by application, 2013 – 2024
5.2.3. U.S.
5.2.3.1. U.S. market estimates and forecast, 2013 – 2024
5.2.3.2. U.S. market estimates and forecasts by application, 2013 – 2024
5.2.4. Canada
5.2.4.1. Canada market estimates and forecast, 2013 – 2024
5.2.4.2. Canada market estimates and forecasts by application, 2013 – 2024
5.3. Europe
5.3.1. Europe market estimates and forecast, 2013 – 2024
5.3.2. Europe market estimates and forecasts by application, 2013 – 2024
5.3.3. Germany
5.3.3.1. Germany market estimates and forecast, 2013 – 2024
5.3.3.2. Germany market estimates and forecasts by application, 2013 – 2024
5.3.4. UK
5.3.4.1. UK market estimates and forecast, 2013 – 2024
5.3.4.2. UK market estimates and forecasts by application, 2013 – 2024
5.3.5. France
5.3.5.1. France market estimates and forecast, 2013 – 2024
5.3.5.2. France market estimates and forecasts by application, 2013 – 2024
5.3.6. Spain
5.3.6.1. Spain market estimates and forecast, 2013 – 2024
5.3.6.2. Spain market estimates and forecasts by application, 2013 – 2024
5.3.7. Italy
5.3.7.1. Italy market estimates and forecast, 2013 – 2024
5.3.7.2. Italy market estimates and forecasts by application, 2013 – 2024
5.4. Asia Pacific
5.4.1. Asia Pacific market estimates and forecast, 2013 – 2024
5.4.2. Asia Pacific market estimates and forecasts by application, 2013 – 2024
5.4.3. China
5.4.3.1. China market estimates and forecast, 2013 – 2024
5.4.3.2. China market estimates and forecasts by application, 2013 – 2024
5.4.4. India
5.4.4.1. India market estimates and forecast, 2013 – 2024
5.4.4.2. India market estimates and forecasts by application, 2013 – 2024
5.4.5. Japan
5.4.5.1. Japan market estimates and forecast, 2013 – 2024
5.4.5.2. Japan market estimates and forecasts by application, 2013 – 2024
5.4.6. Australia
5.4.6.1. Australia market estimates and forecast, 2013 – 2024
5.4.6.2. Australia market estimates and forecasts by application, 2013 – 2024
5.4.7. Indonesia
5.4.7.1. Indonesia market estimates and forecast, 2013 – 2024
5.4.7.2. Indonesia market estimates and forecasts by application, 2013 – 2024
5.4.8. Malaysia
5.4.8.1. Malaysia market estimates and forecast, 2013 – 2024
5.4.8.2. Malaysia market estimates and forecasts by application, 2013 – 2024
5.5. Latin America (LATAM)
5.5.1. LATAM market estimates and forecast, 2013 – 2024
5.5.2. LATAM market estimates and forecasts by application, 2013 – 2024
5.5.3. Brazil
5.5.3.1. Brazil market estimates and forecast, 2013 – 2024
5.5.3.2. Brazil market estimates and forecasts by application, 2013 – 2024
5.5.4. Mexico
5.5.4.1. Mexico market estimates and forecast, 2013 – 2024
5.5.4.2. Mexico market estimates and forecasts by application, 2013 – 2024
5.6. Middle East & Africa (MEA)
5.6.1. MEA market estimates and forecast, 2013 – 2024
5.6.2. MEA market estimates and forecasts by application, 2013 – 2024
5.6.3. South Africa
5.6.3.1. South Africa market estimates and forecast, 2013 – 2024
5.6.3.2. South Africa market estimates and forecasts by application, 2013 – 2024
5.6.4. GCC
5.6.4.1. GCC market estimates and forecast, 2013 – 2024
5.6.4.2. GCC market estimates and forecasts by application, 2013 – 2024
Chapter 6. Company Profiles
6.1. Alpha Chemika
6.1.1. Business overview
6.1.2. Financial data
6.1.3. Product landscape
6.1.4. Strategic outlook
6.2. Thana Acid and Chemical Co
6.2.1. Business overview
6.2.2. Financial data
6.2.3. Product landscape
6.2.4. Strategic outlook
6.3. Caldic
6.3.1. Business overview
6.3.2. Financial data
6.3.3. Product landscape
6.3.4. Strategic outlook
6.4. Pure Chemistry Scientific, Inc.
6.4.1. Business overview
6.4.2. Financial data
6.4.3. Product landscape
6.4.4. Strategic outlook
6.5. Asia Chemical Company
6.5.1. Business overview
6.5.2. Financial data
6.5.3. Product landscape
6.5.4. Strategic outlook
6.6. Stormmax ASSP Ltd.
6.6.1. Business overview
6.6.2. Financial data
6.6.3. Product landscape
6.6.4. Strategic outlook
6.7. Changzhou Koye Chemical Co., Ltd.
6.7.1. Business overview
6.7.2. Financial data
6.7.3. Product landscape
6.7.4. Strategic outlook
6.8. Nantong Jiangtian Chemical Co., Ltd.
6.8.1. Business overview
6.8.2. Financial data
6.8.3. Product landscape
6.8.4. Strategic outlook
6.9. Ekta International
6.9.1. Business overview
6.9.2. Financial data
6.9.3. Product landscape
6.9.4. Strategic outlook
6.10. Inter Atlas Chemical
6.10.1. Business overview
6.10.2. Financial data
6.10.3. Product landscape
6.10.4. Strategic outlook
6.11. GFS Chemicals
6.11.1. Business overview
6.11.2. Financial data
6.11.3. Product landscape
6.11.4. Strategic outlook
6.12. Oswal Udhyog
6.12.1. Business overview
6.12.2. Financial data
6.12.3. Product landscape
6.12.4. Strategic outlook
6.13. Parchem
6.13.1. Business overview
6.13.2. Financial data
6.13.3. Product landscape
6.13.4. Strategic outlook
6.14. Alfa Aesar
6.14.1. Business overview
6.14.2. Financial data
6.14.3. Product landscape
6.14.4. Strategic outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/paraformaldehyde-market
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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
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