Global Paraformaldehyde Industry

Global Paraformaldehyde Industry

  • April 2021 •
  • 182 pages •
  • Report ID: 5900024 •
  • Format: PDF
Abstract:
- Global Paraformaldehyde Market to Reach $843.9 Million by 2027
- Amid the COVID-19 crisis, the global market for Paraformaldehyde estimated at US$604.8 Million in the year 2020, is projected to reach a revised size of US$843.9 Million by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. Agrochemicals, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$360.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Resins segment is readjusted to a revised 3% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $164 Million, While China is Forecast to Grow at 7.5% CAGR
- The Paraformaldehyde market in the U.S. is estimated at US$164 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$172.3 Million by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
- Healthcare Segment to Record 5.5% CAGR
- In the global Healthcare segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$86.8 Million in the year 2020 will reach a projected size of US$122.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$112.4 Million by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

- Select Competitors (Total 38 Featured) -
  • Alfa Aesar
  • Alpha Chemika
  • Caldic B.V.
  • Celanese Corporation
  • Changzhou Koye Chemical Co., Ltd.
  • Ekta International
  • GFS Chemicals, Inc.
  • InterAtlas Chemical Inc.
  • Nantong Jiangtian Chemical Co., Ltd.
  • Oswal Udhyog
  • Parchem Fine & Specialty Chemicals, Inc.
  • Thana Acid and Chemical Company