Global Paraformaldehyde Market Overview:
Paraformaldehyde is also known as polyoxymethylene, is a white powder (CH2O)x that consists of a polymer of formaldehyde. It is widely used by resin manufacturers seeking low water content or more favorable control of reaction rates as compared to aqueous formaldehyde solutions. The global paraformaldehyde market is expected to grow significantly in the forecasted period owing to its increasing demand as a disinfectant, fumigant, fixative, and fungicide.
- Growing Agricultural Sector Owing to the Increasing Population
- Growth in Construction Sector
- Growing Demand as a Hygienic & Medical Disinfector in Medicine and Pharmaceutical Sector
- Stringent Government Rules and Regulations
- Exposure to Paraformaldehyde During Industrial Activities and Through Consumer Products can Lead to Ocular Irritation, Nasal Irritation, and Cancer
- Farmers’ Increasing Awareness About the Benefits of Agrochemicals
Some of the key players profiled in the report are MGC (Japan), Sanmu (China), Celanese Corp. (United States), Alfa Aesar (United States), LCY Chemical Corp. (Taiwan), Shandong Tuobo Plastics Products Co., Ltd. (China), INEOS Group AG (Switzerland), Inter Atlas Chemica (United Kingdom), CHEMANOL (Saudi Arabia), Nantong Jiangtian Chemicals Co. Ltd. (China), Shouguang Xudong Chemical Co Ltd (China), Ercros S.A (Spain) and PT. Dover Chemical (Indonesia). Additionally, following companies can also be profiled that are part of our coverage like Prefere Resins Holding GmbH (German), Alder S.p.A (Italy), Merck KGaA (Germany), Kothari Phytochemicals & Industries Ltd. (India), Simalin Chemical Industries Pvt Ltd (India) and Synthite (United Kimgdom). Analyst at AMA Research see United States Vendors to retain maximum share of Global Paraformaldehyde market by 2026. Considering Market by Level, the sub-segment i.e. Analysis Level will boost the Paraformaldehyde market.
Paraformaldehyde needs to comply with the Occupational Safety and Health Administration (OSHA) regulations due to the possibility of health hazards caused by it. According to the US Consumer Product Safety Commission, formaldehyde is normally present at low levels (less than 0.03 parts per million) in both indoor and outdoor air. Materials containing formaldehyde can release it as a gas or vapor into the air. Automobile exhaust is a major source of formaldehyde in outdoor air. The main way people are exposed to formaldehyde is by inhaling it. The liquid form can be absorbed through the skin. People can also be exposed to small amounts by eating foods or drinking liquids containing formaldehyde.
What Can be Explored with the Paraformaldehyde Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Paraformaldehyde Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Paraformaldehyde
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Paraformaldehyde market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Paraformaldehyde market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Paraformaldehyde manufacturers, Traders and distributors of paraformaldehyde, Research and development institutes, Potential investors, Raw material suppliers and Nationalized laboratories.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.