Stratview Research has launched a new report, titled The Paraformaldehyde Market is Segmented by Application Type (Resins, Agrochemicals, Medical Applications, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, Paraformaldehyde Market is likely to witness an impressive CAGR of 6.0% during the forecast period. Growing usage of chemical fertilizers for effective growth of crops, increasing utilization of personal care products, organic chemical synthesis, and growing usage of paraformaldehyde in oil & gas sector are some of the major factors expected to fuel the growth of the market over the forecast period.
Market Segments’ Analysis
Based on the application type, the market is segmented as resins, agrochemicals, medical applications, and others. Agrochemicals are estimated to hold the largest share of the market during the forecast period on account of being one of the major applications of paraformaldehyde with growing demand across the globe.
In terms of regions, North America is estimated to account for the major share of the market during the forecast period owing to the rising demand for agriculture chemicals including pesticides, herbicides, fungicides, and bactericides, mainly in the U.S., growing investments in the medical sector, and increasing oil & gas exploration activities in the region. Further, Latin America is estimated to witness significant growth in the market on account of increasing product utilization for producing various thermosetting resins. Also, Europe and Asia-Pacific are expected to offer substantial growth opportunities over the forecast period.
The following are the key players in the Paraformaldehyde Market
- Alfa Aesar
- Alpha Chemika
- Celanese Corporation
- ERCROS SA
- GFS Chemicals Inc.
- InterAtlas Chemical Inc.
- Nantong Jiangtian Chemical Co., Ltd.
- Parchem Fine & Specialty Chemicals
- Pure Chemistry Scientific, Inc.
- Thana Acid and Chemical Co.
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Paraformaldehyde Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Paraformaldehyde Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2434/Paraformaldehyde-Market.html
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