Paraformaldehyde Market Size & Share 2021 to 2027

Market Size by Application (Resins, Agrochemicals, Medical Application) & Forecast.
Report ID: GMI1207
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Published Date: July 2021
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Report Format: PDF

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Paraformaldehyde Market Size

Paraformaldehyde Market size was USD 904.3 million in 2020 and will grow at a CAGR of 5.7% from 2021 to 2027. The market it anticipated to hit 5.2% CAGR in terms of volume to reach 1,121.2 Kilo tons through the forecast period. The growing use of chemical fertilizers for effective crop growth and increasing usage of consumer products, personal care products, cleaning products, fluorescent lighting, photography & printing, medicine, fertilizers, and organic chemical synthesis will drive the market growth.
 

Paraformaldehyde is used in the manufacturing of various agricultural chemicals such as herbicides, pesticides, bactericides, fertilizers, etc. Paraformaldehyde OH(CH2O)-nH is a white crystalline solid, which is formed during formaldehyde polymerization. It produces a white precipitate in an aqueous formaldehyde solution and a little amount of methanol is often added as a stabilizer to limit the degree of polymerization.
 

Paraformaldehyde Market Outlook

Polyoxymethylene, an alternative name for paraformaldehyde, is insoluble in water, ether, and alcohol but soluble in alkaline solutions. It has an odor similar to formaldehyde, i.e., it has a pungent smell. It is available in various purity forms and the higher the purity of the paraformaldehyde, the more expensive it will be. High molecular weight homopolymers are strong & tough and can retain heat, solvents &moisture well.
 

Paraformaldehyde is used to synthesize various resins based on phenol such as vinyl, diphenylmethane diisocyanate, polyacetal resin terephthalic acid, melamine resin, and acrylate. In addition, it has recently been used to synthesize pesticides such as acetochlor, butachlor, and glyphosate. It can also be used in the production of vitamin A and synthesis of paints & topcoats for high-quality automotive finishes.
 

 

The industry will be propelled by the growing demand for thermosetting resins such as urea, phenol, resorcinol, melamine, etc. These resins are used in multi-purpose industries such as wood, papermaking, plastics, paint and coatings, and others. In addition, due to the surging population and consumer preference for staple crops, the demand for higher quality and more quantitative products is expected to increase the demand for agrochemicals, which in turn, leads to significant growth in paraformaldehyde market.
 

The availability of different substitutes will also influence the paraformaldehyde market share. Paraformaldehyde is used in various end-use industries, such as agriculture, resin, and medical applications, among others, as an organic raw material to manufacture various products. Dialdehyde glyoxal can replace paraformaldehyde for immunostaining of cells. Dialdehyde glyoxal is also less toxic than paraformaldehyde, acts faster than PFA, crosslinks proteins more effectively, and improves the preservation of cellular morphology. Despite the availability of different types of substitutes, the market is growing owing to its unique properties such as high yield, better immunostaining, and lower cost.
 

Paraformaldehyde Market Analysis

  Paraformaldehyde Market by Application

Agrochemicals will generate over USD 450 million by 2027. These represent one of the main applications of paraformaldehyde. It is extensively used in the manufacture of herbicides such as glyphosate, acetochlor, butachlor, machete, and bismerthiazol. The demand for paraformaldehyde in the industry is anticipated to increase due to the rising demand for agrochemicals worldwide. Favorable trends associated with crop production and rising usage of agricultural chemicals will bolster the paraformaldehyde market growth by 2027.
 

The others application segment will witness around 5% CAGR by 2027. The others segment includes applications such as the development of photographic films, papermaking, oil field chemicals, lubricant additives, and to produce vitamin A. In photography, paraformaldehyde is used to speed up the development as it is a gelatin hardener. Paraformaldehyde is used as an additive in drilling mud to stop the fermentation of starch.
 

Paraformaldehyde Market by Region

North America generates around USD 125 million in 2020 and will hold over 10% share in paraformaldehyde market by 2027. The increasing demand for agricultural chemicals including bactericides, herbicides, fungicides, and pesticides, mainly in the U.S., will stimulate industry growth in the future. Favorable trends associated with healthcare research coupled with rising investments in the medical sector will support industry growth. Moreover, increasing oil & gas exploration activities will further boost product sales over the forecast period.
 

The Latin America paraformaldehyde market will generate around USD 55 million by 2027. Rising product usage in the production of various thermosetting resins will pave the way for industry expansion in the next few years. Rising population, urbanization, and huge investments will propel construction activities in the future. Such trends will trigger product sales as it is used in various product formulations in the paints, coatings, and furniture industries.
 

Paraformaldehyde Market Share

The paraformaldehyde industry players are focusing on strategic collaborations, mergers, and acquisitions to attain a competitive edge in the industry. For instance, in January 2020, Caldic B.V acquired DCM Asia, a prominent distributor of specialty chemicals in Malaysia. The acquisition underlines Caldic’s ambition to become a leading specialty chemicals provider in Southeast Asia.
 

The key industry participants include :

  • Alpha Chemika
  • Thana Acid & Chemical Company
  • Caldic
  • PURE Chemistry Scientific, Inc.
  • Changzhou Koye Chemical Co., Ltd
  • Nantong Jiangtian Chemical Co., Ltd
  • Inter Atlas Chemical
  • GFS Chemical
  • Parchem
  • Alfa Aesar

The paraformaldehyde market report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo tons and revenue in USD Million from 2017 to 2027 for the following segments:

By Application

  • Resins
  • Agrochemicals
  • Medical Applications
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC
       
Authors: Kiran Pulidindi, Akshay Prakash
Paraformaldehyde Market Scope
  • Paraformaldehyde Market Size
  • Paraformaldehyde Market Trends
  • Paraformaldehyde Market Analysis
  • Paraformaldehyde Market Share

Report Content

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Base estimates & working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific

1.2.4    Latin America

1.2.5    Middle East & Africa

1.3    Forecast calculations

1.3.1    COVID-19 impact calculations on industry forecast

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Paraformaldehyde industry 360° synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Application trends

2.1.3    Regional trends

Chapter 3   Paraformaldehyde Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2017 - 2027

3.3    Industry ecosystem analysis

3.3.1    Manufacturers

3.3.1    End-users

3.3.2    Profit margin

3.3.3    Distribution channel analysis

3.3.4    Vendor matrix

3.3.5    Value chain disruptions due to COVID-19

3.4    Industry impact forces

3.4.1    Growth drivers

3.4.1.1    Favorable trends associated with agriculture sector

3.4.1.2    Positive outlook of thermosetting resin production

3.4.1.3    Rising use of paraformaldehyde in oil & gas sector

3.4.2    Industry pitfalls & challenges

3.4.2.1    Stringent government regulations

3.4.2.2    Availability of product substitutes

3.5    Growth potential analysis

3.6    Regulatory landscape

3.6.1    U.S.

3.6.1.1    U.S. Environmental Protection Agency Office of Pesticide Programs

3.6.2    Europe

3.6.2.1    Paraformaldehyde Product Regulations

3.6.3    China

3.6.3.1    Kitchenware from China or Hong Kong: Regulation 284/2011

3.7    Porter’s analysis

3.7.1    Supplier power

3.7.2    Buyer’s power

3.7.3    Threat of new entrants

3.7.4    Threat of substitutes

3.7.5    Industry rivalry

3.8    Competitive landscape, 2020

3.8.1    Company market share analysis, 2020

3.8.2    Strategy dashboard

3.9    PESTEL analysis

3.10    Regional price trends (including COVID-19 impact)

3.10.1    Cost structure analysis

3.10.1.1    R&D Cost

3.10.1.2    Manufacturing and Equipment Cost

3.10.1.3    Raw Material Cost

3.10.1.4    Distribution Cost

3.10.1.5    Operating Cost

3.10.1.6    Miscellaneous cost

3.10.2    Raw material trends

Chapter 4   Paraformaldehyde Market, By Application

4.1    Global paraformaldehyde market share by application, 2020 & 2027

4.2    Resins

4.2.1    Paraformaldehyde market estimates and forecast for resins, 2017 – 2027, (Kilo Tons) (USD Million)

4.2.2    Paraformaldehyde market estimates and forecast for resins by region, 2017 – 2027, (Kilo Tons) (USD Million)

4.3    Agrochemicals

4.3.1    Paraformaldehyde market estimates and forecast for agrochemicals, 2017 – 2027, (Kilo Tons) (USD Million)

4.3.2    Paraformaldehyde market estimates and forecast for agrochemicals by region, 2017 – 2027, (Kilo Tons) (USD Million)

4.4    Medical applications

4.4.1    Paraformaldehyde market estimates and forecast for medical applications, 2017 – 2027, (Kilo Tons) (USD Million)

4.4.2    Paraformaldehyde market estimates and forecast for medical applications by region, 2017 – 2027, (Kilo Tons) (USD Million)

4.5    Others

4.5.1    Paraformaldehyde market estimates and forecast for others, 2017 – 2027, (Kilo Tons) (USD Million)

4.5.2    Paraformaldehyde market estimates and forecast for others by region, 2017 – 2027, (Kilo Tons) (USD Million)

Chapter 5   Paraformaldehyde Market, By Region

5.1    Global paraformaldehyde market share by region, 2020 & 2027

5.2    North America

5.2.1    North America Paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.2.2    North America paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.2.3    U.S.

5.2.3.1    U.S. paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.2.3.2    U.S. paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.2.4    Canada

5.2.4.1    Canada paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.2.4.2    Canada paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.3    Europe

5.3.1    Europe paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.2    Europe paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.3    Germany

5.3.3.1    Germany paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.3.2    Germany paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.4    UK

5.3.4.1    UK paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.4.2    UK paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.5    France

5.3.5.1    France paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.5.2    France paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.6    Spain

5.3.6.1    Spain paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.6.2    Spain paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.7    Italy

5.3.7.1    Italy paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.3.7.2    Italy paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.4    Asia Pacific

5.4.1    Asia Pacific paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.2    Asia Pacific paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.3    China

5.4.3.1    China paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.3.2    China paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.4    India

5.4.4.1    India paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.4.2    India paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.5    Japan

5.4.5.1    Japan paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.5.2    Japan paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.6    Australia

5.4.6.1    Australia paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.6.2    Australia paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.7    Indonesia

5.4.7.1    Indonesia paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.7.2    Indonesia paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.8    Malaysia

5.4.8.1    Malaysia paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.4.8.2    Malaysia paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.5    Latin America

5.5.1    Latin America paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.5.2    Latin America paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.5.3    Brazil

5.5.3.1    Brazil paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.5.3.2    Brazil paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.5.4    Mexico

5.5.4.1    Mexico paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.5.4.2    Mexico paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.6    Middle East & Africa

5.6.1    Middle East & Africa paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.6.2    Middle East & Africa paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.6.3    South Africa

5.6.3.1    South Africa paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.6.3.2    South Africa paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

5.6.4    GCC countries

5.6.4.1    GCC countries paraformaldehyde market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)

5.6.4.2    GCC countries paraformaldehyde market estimates and forecast, by application, 2017 – 2027, (Kilo Tons) (USD Million)

Chapter 6   Company Profiles

6.1    Alfa Aesar

6.1.1    Business overview

6.1.2    Financial data

6.1.3    Product landscape

6.1.4    Strategic outlook

6.1.5    SWOT analysis

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    SWOT analysis

6.3    Alpha Chemika

6.3.1    Business overview

6.3.2    Financial data

6.3.3    Product landscape

6.3.4    SWOT analysis

6.4    Pure Chemistry Scientific, Inc.

6.4.1    Business overview

6.4.2    Financial data

6.4.3    Product landscape

6.4.4    SWOT analysis

6.5    Celanese Corporation

6.5.1    Business overview

6.5.2    Financial data

6.5.3    Product landscape

6.5.4    SWOT analysis

6.6    ERCROS, SA

6.6.1    Business overview

6.6.2    Financial data

6.6.3    Product landscape

6.6.4    SWOT analysis

6.7    Nantong Jiangtian Chemical Co., Ltd.

6.7.1    Business overview

6.7.2    Financial data

6.7.3    Product landscape

6.7.4    SWOT analysis

6.8    Ekta International

6.8.1    Business overview

6.8.2    Financial data

6.8.3    Product landscape

6.8.4    SWOT Analysis

6.9    InterAtlas Chemical

6.9.1    Business overview

6.9.2    Financial data

6.9.3    Product landscape

6.9.4    SWOT analysis

6.10    GFS Chemicals

6.10.1    Business overview

6.10.2    Financial data

6.10.3    Product landscape

6.10.4    SWOT analysis

6.11    Oswal Udhyog

6.11.1    Business overview

6.11.2    Financial data

6.11.3    Product landscape

6.11.4    SWOT analysis

6.12    Parchem

6.12.1    Business overview

6.12.2    Financial data

6.12.3    Product landscape

6.12.4    SWOT analysis

6.13    Caldic B.V.

6.13.1    Business overview

6.13.2    Financial data

6.13.3    Product landscape

6.13.4    Strategic Outlook

6.13.5    SWOT analysis

6.14    Methanol Chemicals Company

6.14.1    Business overview

6.14.2    Financial Data

6.14.3    Product Landscape

6.14.4    SWOT Analysis

6.15    Prefere Resins Holding GmbH

6.15.1    Business overview

6.15.2    Financial Data

6.15.3    Product Landscape

6.15.4    Strategic Outlook

6.15.5    SWOT Analysis

Don't see your key competitors?

The companies listed in this report are a curated selection - not the full competitive universe.

Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.

Your competitive landscape may also include

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Authors: Kiran Pulidindi, Akshay Prakash

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Premium Report Details

Base Year: 2020

Companies Profiled: 15

Tables & Figures: 117

Countries covered: 17

Pages: 110

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