Global Paraformaldehyde
Market Report
2025
The global Paraformaldehyde market size is USD 954.2 million in 2024. Increasing Demand From Various End-Use Industries is expected to boost sales to USD 1397.29 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.60% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Paraformaldehyde market size will be USD 954.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Paraformaldehyde Market Sales Revenue | $ 954.2 Million | 121212 | 121212 | 121212 | 5.6% |
North America Paraformaldehyde Market Sales Revenue | $ 381.68 | 121212 | 121212 | 121212 | 3.8% |
Mexico Paraformaldehyde Market Sales Revenue | $ 34.73 | 121212 | 121212 | 121212 | 4.3% |
Canada Paraformaldehyde Market Sales Revenue | $ 45.8 | 121212 | 121212 | 121212 | 4.6% |
United States Paraformaldehyde Market Sales Revenue | $ 301.15 | 121212 | 121212 | 121212 | 3.6% |
Europe Paraformaldehyde Market Sales Revenue | $ 286.26 | 121212 | 121212 | 121212 | 4.1% |
Germany Paraformaldehyde Market Sales Revenue | $ 56.68 | 121212 | 121212 | 121212 | 4.3% |
France Paraformaldehyde Market Sales Revenue | $ 26.34 | 121212 | 121212 | 121212 | 3.3% |
Spain Paraformaldehyde Market Sales Revenue | $ 23.47 | 121212 | 121212 | 121212 | 3.2% |
United Kingdom Paraformaldehyde Market Sales Revenue | $ 48.09 | 121212 | 121212 | 121212 | 4.9% |
Russia Paraformaldehyde Market Sales Revenue | $ 44.37 | 121212 | 121212 | 121212 | 3.1% |
Italy Paraformaldehyde Market Sales Revenue | $ 24.62 | 121212 | 121212 | 121212 | 3.5% |
Rest of Europe Paraformaldehyde Market Sales Revenue | $ 44.37 | 121212 | 121212 | 121212 | 2.8% |
Asia Pacific Paraformaldehyde Market Sales Revenue | $ 219.47 | 121212 | 121212 | 121212 | 7.6% |
Korea Paraformaldehyde Market Sales Revenue | $ 21.95 | 121212 | 121212 | 121212 | 6.7% |
Japan Paraformaldehyde Market Sales Revenue | $ 30.29 | 121212 | 121212 | 121212 | 6.1% |
China Paraformaldehyde Market Sales Revenue | $ 98.76 | 121212 | 121212 | 121212 | 7.1% |
Australia Paraformaldehyde Market Sales Revenue | $ 11.41 | 121212 | 121212 | 121212 | 7.3% |
India Paraformaldehyde Market Sales Revenue | $ 26.34 | 121212 | 121212 | 121212 | 9.4% |
Rest of APAC Paraformaldehyde Market Sales Revenue | $ 15.58 | 121212 | 121212 | 121212 | 7.4% |
South America Paraformaldehyde Market Sales Revenue | $ 47.71 | 121212 | 121212 | 121212 | 5% |
Brazil Paraformaldehyde Market Sales Revenue | $ 20.42 | 121212 | 121212 | 121212 | 5.6% |
Chile Paraformaldehyde Market Sales Revenue | $ 3.44 | 121212 | 121212 | 121212 | 5.3% |
Peru Paraformaldehyde Market Sales Revenue | $ 3.91 | 121212 | 121212 | 121212 | 5.2% |
Colombia Paraformaldehyde Market Sales Revenue | $ 4.25 | 121212 | 121212 | 121212 | 4.8% |
Argentina Paraformaldehyde Market Sales Revenue | $ 8.02 | 121212 | 121212 | 121212 | 5.9% |
Rest of South America Paraformaldehyde Market Sales Revenue | $ 7.68 | 121212 | 121212 | 121212 | 4.1% |
Middle East Paraformaldehyde Market Sales Revenue | $ 19.08 | 121212 | 121212 | 121212 | 5.3% |
Turkey Paraformaldehyde Market Sales Revenue | $ 1.64 | 121212 | 121212 | 121212 | 4.8% |
Egypt Paraformaldehyde Market Sales Revenue | $ 2 | 121212 | 121212 | 121212 | 5.6% |
Rest of MEA Paraformaldehyde Market Sales Revenue | $ 2.25 | 121212 | 121212 | 121212 | 4.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Application Outlook: |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Paraformaldehyde Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Paraformaldehyde is a polymer generated slowly through formaldehyde polymerization, with a typical degree of polymerization ranging from 8 to 100. This polymer has qualities such as low acidity, good solubility, ease of storage, stability, and high productivity. Paraformaldehyde's strong qualities allow it to be used in a variety of applications, including agrochemicals, resin manufacture, adhesives, disinfectants, organic chemical synthesis, and cleaning goods. The agriculture industry is one of the main markets for paraformaldehyde, which is widely used in the manufacture of agrochemicals such as fungicides, pesticides, and herbicides. The agriculture sector is expanding internationally with increased output and investments, which is projected to fuel market growth throughout the forecast period.
November 2021, Celanese Corporation announced a large capacity expansion at its paraformaldehyde factory in the United States. The expansion intends to address expanding demand from a variety of end-use sectors while also strengthening the company's position in the worldwide paraformaldehyde market. (Source: https://www.celanese.com/news-and-media/2017/october/celanese-announces-global-capacity-expansions-to-support-significant-growth-in-engineered-materials)
The automotive sector is a significant market for paraformaldehyde, as it is utilized in the synthesis of paints and topcoats for high-quality car finishes. The worldwide car sector is expanding, with rising vehicle production and sales, which is likely to propel the market forward during the forecast period. For example, according to estimates from the India Brand Equity Foundation, India's automobile sector would be the world's fifth-largest in 2020, with 3.49 million units sold in both commercial and passenger vehicles. Similarly, the European Automobile Manufacturers Association forecasts that hybrid electric vehicles would account for 11.9% of total automobile sales in 2020, up from 5.7% in 2019. Such enormous growth in the global automotive sector is predicted to enhance the use of paraformaldehyde, which will drive market growth throughout the forecast period.
Paraformaldehyde is most commonly used in agriculture, where it is used to synthesize a variety of agricultural compounds such as fungicides, pesticides, and herbicides. The agriculture industry is expanding internationally with increased production, which is likely to boost market growth. According to the India Brand Equity Foundation, India's horticultural crop production reached a record 331.05 million metric tonnes in 2020-21, up 10.5 million metric tonnes from the previous fiscal year. Similarly, Agriculture and Agri-Food Canada reported that farmers' revenue from the sale of agricultural commodities reached a record US$ 68.7 billion. Such a significant increase in the agriculture sector is predicted to magnify the use of paraformaldehyde, which will influence the market
One market limitation is the potential health and environmental risks connected with its use. Paraformaldehyde is classed as a dangerous material, and high levels can cause respiratory irritation and other health problems. Additionally, the release of paraformaldehyde into the environment might have a negative impact on ecosystems. These concerns have resulted in stronger laws and more scrutiny of paraformaldehyde's use and handling, potentially limiting market growth
The COVID-19 epidemic has significantly impacted the Paraformaldehyde business. The initial outbreak caused considerable disruptions in supply chains, manufacturing activities, and fluctuations in demand across multiple sectors. Industries that rely heavily on paraformaldehyde, such as construction and automotive, have seen a downturn, hurting the market adversely. However, demand in the pharmaceutical and agricultural sectors was generally consistent, mitigating the overall market impact. The pandemic also increased the demand for disinfectants and sterilizing chemicals, presenting new opportunities for paraformaldehyde uses. Despite the hurdles, the market's resiliency is clear as it navigates these unusual times
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Leading market Players are extensively spending in R&D to extend their product ranges, allowing the paraformaldehyde market to grow even further. Market participants are expanding their presence through strategic actions such as new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other companies. To grow and survive in a more competitive and expanding market, the paraformaldehyde business must provide cost-effective products.
May 2023, Innovative Materials Inc. has introduced a line of paraformaldehyde-based adhesives and resins with high bonding strength and endurance. (Source: https://www.intechopen.com/chapters/67149) April 2023, Global Chemical Solutions announced an innovative use of paraformaldehyde in agriculture. The company produces a bio-based fertilizer formulation that includes paraformaldehyde, which promotes nutrient uptake and crop productivity. (Source: https://www.sciencedirect.com/science/article/abs/pii/S0048969722037858)
Top Companies Market Share in Paraformaldehyde Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's severe regulations governing the use of paraformaldehyde in the production of various products are projected to limit market growth. Nonetheless, it is anticipated that market growth in the sector will be driven by increased awareness of the benefits of paraformaldehyde and rising demand for environmentally friendly products.
Asia Pacific stands out as the fastest-growing region in the Paraformaldehyde market due to the region's increased demand for paraformaldehyde in developing countries such as China and India. The expansion of industries such as pharmaceuticals, agrochemicals, and plastics is predicted to boost demand for paraformaldehyde in these countries. Furthermore, the region's access to inexpensive labor and raw resources has attracted a large number of enterprises to the market. The growth of China's chemical sector should assist local paraformaldehyde manufacturers greatly.
The current report Scope analyzes Paraformaldehyde Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Paraformaldehyde market size was estimated at USD 954.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 381.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
According to Cognitive Market Research, the global Paraformaldehyde market size was estimated at USD 954.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 286.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
According to Cognitive Market Research, the global Paraformaldehyde market size was estimated at USD 954.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 219.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
According to Cognitive Market Research, the global Paraformaldehyde market size was estimated at USD 954.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 47.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. .
According to Cognitive Market Research, the global Paraformaldehyde market size was estimated at USD 954.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 19.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031..
Global Paraformaldehyde Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Paraformaldehyde Industry growth. Paraformaldehyde market has been segmented with the help of its , Application Outlook: , and others. Paraformaldehyde market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2021 to 2033. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
of Paraformaldehyde analyzed in this report are as follows:
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According to Cognitive Market Research, in 2023, the resins sector accounted for a significant amount of the market's revenue, and this dominance is likely to continue throughout the forecast period. Because of its excellent adhesive properties and chemical endurance, paraformaldehyde is commonly utilized in resin production. Resins are used in many goods, including coatings, adhesives, laminates, and molding compounds. The paraformaldehyde market in the resins category is predicted to grow due to increased demand for resins from end-use sectors such as construction, automotive, and aerospace.
Throughout the projected period, the agrochemicals segment is expected to have the fastest revenue growth rate. Paraformaldehyde is widely used in the production of agrochemicals such as insecticides and herbicides. It is used in crop protection to inhibit the growth of fungi and bacteria since it is a strong fungicide and bactericide. The demand for agrochemicals is predicted to rise as the world's population grows, as will the demand for food. This will propel the paraformaldehyde market forward within the agrochemicals industry.
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Conclusion
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Application Outlook: | Resins, Agrochemicals, Pharmaceuticals, Others |
List of Competitors | Celanese Corporation (United States), INEOS Group Holdings S.A. (Switzerland), Shandong Shuangqi Chemical Co., Ltd. (China), Ercros S.A. (Spain), Changzhou Chemistar Chemistry Technology Co., Ltd. (China), Nantong Jiangtian Chemical Co., Ltd. (China), Shouguang Xudong Chemical Co., Ltd. (China), Shandong Huayuan Chemical Co., Ltd. (China), LCY Chemical Corp. (Taiwan), Feno Resinas S.A. (Brazil), Merck KGaA (Germany), Chemanol (Saudi Arabia), Nantong Jinzhiyuan Chemical Co., Ltd. (China), Simalin Chemical Industries Pvt. Ltd. (India), Alder S.p.A. (Italy), Synthite Industries Ltd. (India), Changzhou Xiaqiang Chemical Co., Ltd. (China), Simalin Chemicals Industries Limited (Kenya), Linyi Ruifeng Chemical Co., Ltd. (China), Yantai Top Chemical Co., Ltd. (China) |
This chapter will help you gain GLOBAL Market Analysis of Paraformaldehyde. Further deep in this chapter, you will be able to review Global Paraformaldehyde Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Paraformaldehyde. Further deep in this chapter, you will be able to review North America Paraformaldehyde Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Paraformaldehyde. Further deep in this chapter, you will be able to review Europe Paraformaldehyde Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Paraformaldehyde. Further deep in this chapter, you will be able to review Asia Pacific Paraformaldehyde Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Paraformaldehyde. Further deep in this chapter, you will be able to review South America Paraformaldehyde Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Paraformaldehyde. Further deep in this chapter, you will be able to review Middle East Paraformaldehyde Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Paraformaldehyde. Further deep in this chapter, you will be able to review Middle East Paraformaldehyde Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Paraformaldehyde. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Paraformaldehyde market
Chapter 11 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 12 Research Methodology and Sources
Why have a significant impact on Paraformaldehyde market? |
What are the key factors affecting the and of Paraformaldehyde Market? |
What is the CAGR/Growth Rate of Resins during the forecast period? |
By type, which segment accounted for largest share of the global Paraformaldehyde Market? |
Which region is expected to dominate the global Paraformaldehyde Market within the forecast period? |
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Country level Data Customization |
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Additional Quantitative Data |
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