North America Formalin Market Size, Share & Industry Trends Analysis Report By Application (Fertilizer, Automotive, Dyes, Drugs, Antiseptic Perfume, Rubber Chemicals and Others), By Percentage, By Country and Growth Forecast, 2023

Description

List of Tables

The North America Formalin Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 4,331.1 Kilo Tonnes, showcasing a growth of 4.1% (2019-2022).

Formalin has emerged as a pivotal chemical compound with diverse applications across several industries. Its significance lies in its preservative properties and role as a crucial intermediate in synthesizing various chemicals. The market has witnessed substantial growth in recent years, driven by its adoption in the healthcare and manufacturing sectors. Its ubiquity in the healthcare sector is perhaps its most recognized application. As a potent disinfectant and preservative, it is pivotal in preserving biological specimens for pathological studies. Histopathology laboratories extensively use formalin to fix tissues, allowing for detailed examination under microscopes. This not only aids in diagnostics but also contributes to advancements in medical research.

Moreover, it is a key component in embalming processes, preserving cadavers for anatomical studies and medical education. Formalin in these applications underscores its indispensable role in healthcare, where precision and preservation are paramount. Its fixation is a widely employed method for preserving human and animal tissues, ensuring that anatomical structures maintain their integrity over an extended period. This precision is paramount in anatomical studies where the accurate examination of organs, tissues, and structures is fundamental for medical professionals, surgeons, and researchers.

North America has numerous research institutions, universities, and biotechnology companies. As the healthcare sector expands, so does the demand for formalin in preserving specimens for biomedical research. In accordance with the Centers for Medicare & Medicaid Services of the Government of the United States, spending on healthcare in the United States increased by 2.7 percent in 2021 to $4.3 trillion, or $12,914 per person. Spending on healthcare accounted for 18.3 percent of the country's GDP. Likewise, as per the data from Research America, United States (U.S.) medical and health research and development (R&D) investment reached $245.1 billion in 2020, an 11.1% increase from 2019. Therefore, growing healthcare investments and healthcare R&D spending in North America will boost the demand for formalin in the region.

The US market dominated the North America Formalin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,718 million by 2030. Canada market is experiencing a CAGR of 7.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.2% during (2023 - 2030).

Based on Application, the market is segmented into Fertilizer, Automotive, Dyes, Drugs, Antiseptic Perfume, Rubber Chemicals and Others. Based on Percentage, the market is segmented into 1.0%-20.0%, 20.0%-40.0%, and 40.0% - 60.0%. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, 3M Company, Bayer AG, Celanese Corporation, DuPont de Nemours, Inc., Georgia-Pacific LLC (Koch Industries, Inc), Huntsman Corporation, Merck KGaA, Sumitomo Chemical Co., Ltd., and Thermo Fisher Scientific, Inc.

Scope of the Study

Market Segments covered in the Report:

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Fertilizer
Automotive
Dyes
Drugs
Antiseptic Perfume
Rubber Chemicals
Others

By Percentage

1.0%-20.0%
20.0%-40.0%
40.0% - 60.0%

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Companies Profiled

BASF SE
3M Company
Bayer AG
Celanese Corporation
DuPont de Nemours, Inc.
Georgia-Pacific LLC (Koch Industries, Inc)
Huntsman Corporation
Merck KGaA
Sumitomo Chemical Co., Ltd.
Thermo Fisher Scientific, Inc.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Formalin Market, by Application
- 1.4.2 North America Formalin Market, by Percentage
- 1.4.3 North America Formalin Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
3.3 Porter Five Forces Analysis

Chapter 4. North America Formalin Market by Application

4.1 North America Fertilizer Market by Country
4.2 North America Automotive Market by Country
4.3 North America Dyes Market by Country
4.4 North America Drugs Market by Country
4.5 North America Antiseptic Perfume Market by Country
4.6 North America Rubber Chemicals Market by Country
4.7 North America Others Market by Country

Chapter 5. North America Formalin Market by Percentage

5.1 North America 1.0%-20.0% Market by Country
5.2 North America 20.0%-40.0% Market by Country
5.3 North America 40.0% - 60.0% Market by Country

Chapter 6. North America Formalin Market by Country

6.1 US Formalin Market
- 6.1.1 US Formalin Market by Application
- 6.1.2 US Formalin Market by Percentage
6.2 Canada Formalin Market
- 6.2.1 Canada Formalin Market by Application
- 6.2.2 Canada Formalin Market by Percentage
6.3 Mexico Formalin Market
- 6.3.1 Mexico Formalin Market by Application
- 6.3.2 Mexico Formalin Market by Percentage
6.4 Rest of North America Formalin Market
- 6.4.1 Rest of North America Formalin Market by Application
- 6.4.2 Rest of North America Formalin Market by Percentage

Chapter 7. Company Profiles

7.1 BASF SE
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
7.2 3M Company
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 SWOT Analysis
7.3 Bayer AG
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 SWOT Analysis
7.4 Celanese Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
7.5 DuPont de Nemours, Inc.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 SWOT Analysis
7.6 Georgia-Pacific LLC (Koch Industries, Inc.)
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
7.7 Huntsman Corporation
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segment and Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 SWOT Analysis
7.8 Merck KGaA
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 SWOT Analysis
7.9 Sumitomo Chemical Co., Ltd.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
7.10. Thermo Fisher Scientific, Inc.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Formalin Market, 2019 - 2022, USD Million
TABLE 2 North America Formalin Market, 2023 - 2030, USD Million
TABLE 3 North America Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Formalin Market by Application, 2019 - 2022, USD Million
TABLE 6 North America Formalin Market by Application, 2023 - 2030, USD Million
TABLE 7 North America Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Fertilizer Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Fertilizer Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Fertilizer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Fertilizer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Dyes Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Dyes Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Dyes Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Dyes Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Drugs Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Drugs Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Drugs Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Drugs Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Antiseptic Perfume Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Antiseptic Perfume Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Antiseptic Perfume Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Antiseptic Perfume Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Rubber Chemicals Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Rubber Chemicals Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Rubber Chemicals Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Rubber Chemicals Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 38 North America Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 39 North America 1.0%-20.0% Market by Country, 2019 - 2022, USD Million
TABLE 40 North America 1.0%-20.0% Market by Country, 2023 - 2030, USD Million
TABLE 41 North America 20.0%-40.0% Market by Country, 2019 - 2022, USD Million
TABLE 42 North America 20.0%-40.0% Market by Country, 2023 - 2030, USD Million
TABLE 43 North America 40.0% - 60.0% Market by Country, 2019 - 2022, USD Million
TABLE 44 North America 40.0% - 60.0% Market by Country, 2023 - 2030, USD Million
TABLE 45 North America Formalin Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Formalin Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Formalin Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Formalin Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 US Formalin Market, 2019 - 2022, USD Million
TABLE 50 US Formalin Market, 2023 - 2030, USD Million
TABLE 51 US Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 52 US Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 53 US Formalin Market by Application, 2019 - 2022, USD Million
TABLE 54 US Formalin Market by Application, 2023 - 2030, USD Million
TABLE 55 US Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 US Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 US Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 58 US Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 59 Canada Formalin Market, 2019 - 2022, USD Million
TABLE 60 Canada Formalin Market, 2023 - 2030, USD Million
TABLE 61 Canada Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 62 Canada Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 63 Canada Formalin Market by Application, 2019 - 2022, USD Million
TABLE 64 Canada Formalin Market by Application, 2023 - 2030, USD Million
TABLE 65 Canada Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 66 Canada Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 67 Canada Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 68 Canada Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 69 Mexico Formalin Market, 2019 - 2022, USD Million
TABLE 70 Mexico Formalin Market, 2023 - 2030, USD Million
TABLE 71 Mexico Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Mexico Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Formalin Market by Application, 2019 - 2022, USD Million
TABLE 74 Mexico Formalin Market by Application, 2023 - 2030, USD Million
TABLE 75 Mexico Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Mexico Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 78 Mexico Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 79 Rest of North America Formalin Market, 2019 - 2022, USD Million
TABLE 80 Rest of North America Formalin Market, 2023 - 2030, USD Million
TABLE 81 Rest of North America Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 82 Rest of North America Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 83 Rest of North America Formalin Market by Application, 2019 - 2022, USD Million
TABLE 84 Rest of North America Formalin Market by Application, 2023 - 2030, USD Million
TABLE 85 Rest of North America Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 86 Rest of North America Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 87 Rest of North America Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 88 Rest of North America Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 89 Key Information - BASF SE
TABLE 90 Key Information - 3M Company
TABLE 91 Key Information - Bayer AG
TABLE 92 Key Information - Celanese Corporation
TABLE 93 Key Information -DuPont de Nemours, Inc.
TABLE 94 Key Information - Georgia-Pacific LLC
TABLE 95 key Information - Huntsman Corporation
TABLE 96 key Information - Merck KGaA
TABLE 97 Key Information - Sumitomo Chemical Co., Ltd.
TABLE 98 Key Information - Thermo Fisher Scientific, Inc.

North America Formalin Market Size, Share & Industry Trends Analysis Report By Application (Fertilizer, Automotive, Dyes, Drugs, Antiseptic Perfume, Rubber Chemicals and Others), By Percentage, By Country and Growth Forecast, 2023 - 2030