Paraformaldehyde Market Size to Hit US $2.8 Billion by 2030 | Exhibit at a CAGR of 5.5% During the Forecast Period 2021-2030

Surge in adoption of genetically modified crops has resulted in strong demand for glyphosate, which is expected to drive the global paraformaldehyde market. Glyphosate, an organic phosphorus herbicide, is used in chemical weed control applications in orchards, mulberry fields, tea plantations, and rubber forests. Furthermore, increase in demand for resins is expected to drive the overall market growth in the near future

A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

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The findings of the report states that the global market for paraformaldehyde generated $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.The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

A lead analyst at AMR highlighted that the paraformaldehyde market in LAMEA is anticipated to grow at the fastest CAGR during the forecast period.

The Rheology modifiers market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Paraformaldehyde Companies Covered Market:- Jinan Xiangrui Chemical Co., Ltd., Merck, Yinhe Chemical, Alfa Aesar, Alpha Chemika, Caldic, Ekta International, Chemanol, Celanease and Other.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the Rheology modifiers market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Rheology modifiers market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/paraformaldehyde-market-A13737

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