| Source: Rationalstat LLC
Wilmington, Delaware, UNITED STATES
Wilmington, Delaware, Oct. 03, 2023 (GLOBE NEWSWIRE) — Global Paraformaldehyde Market size is estimated at US$ 1,842.6 billion in 2023 and is predicted to rise at a substantial CAGR of 5.3% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
Formaldehyde, a chemical molecule having the formula CH2O, is a white, crystalline solid version of paraformaldehyde. It is a formaldehyde polymer that is extensively used as a disinfectant and fungicide. Paraformaldehyde is also used in a variety of industrial processes, including the manufacture of resins, plastics, textiles, paper, and agrochemicals.
As a disinfectant, paraformaldehyde is utilized in water treatment operations. It aids in water purification by removing dangerous germs. Demand for paraformaldehyde in water treatment applications is being driven by a growing awareness of the necessity of clean and safe drinking water.
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Global Paraformaldehyde Market: Segmental and Market Share Analysis
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Competition Analysis and Market Structure
The global paraformaldehyde market is fragmented in nature, with numerous producers and suppliers active in the market. These players use a variety of techniques to increase their market share and acquire a competitive advantage over their competitors. Some of the key developments in the global paraformaldehyde market include,
Some of the prominent players and suppliers operating and contributing significantly to the global paraformaldehyde market growth include Merck KGaA Group, Celanese Corporation, Jinan Xiangrui Chemical Co., Thermo Fisher Scientific, Kothari Phytochemicals & Industries Ltd., PT. Dover Chemical, Ekta International, Simalin Chemical Industries Pvt Ltd., Alder S.p.A., Ercros S.A, Nantong Jiangtian Chemicals Co. Ltd., and Thana Acid & Chemical Company, among others.
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RationalStat has segmented the global paraformaldehyde market based on application, end user and region
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Key Questions Answered in the Paraformaldehyde Report:
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