North America Paraformaldehyde Market Size, Share & Trends Analysis Report By Application( Agrochemicals, Resins, Medical, and Others). By Country and Growth Forecast, 2023

Description

List of Tables

The North America Paraformaldehyde Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 265.77 kilo tonnes, showcasing a growth of 3.9% (2019-2022).

Medical laboratories utilize paraformaldehyde as a fixative agent in tissue processing, preserving biological specimens for microscopic examination and analysis. Its ability to cross-link proteins within cells helps maintain cellular structures and prevents degradation, enabling accurate diagnosis of various diseases and conditions. Therefore, the U.S. market consumed 36.24 Kilo Tonnes of paraformaldehyde as medical uses in 2022.

The US market dominated the North America Paraformaldehyde Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $417.7 million by 2030. The Canada market is experiencing a CAGR of 5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.7% during (2023 - 2030).

The paraformaldehyde market is a vital segment of the chemical industry, driven by its diverse applications across various sectors. Paraformaldehyde, a solid polymer of formaldehyde, plays a crucial role as a versatile chemical intermediate, offering various uses and applications. One of the primary applications of paraformaldehyde is in the production of resins. Paraformaldehyde is a key raw material in synthesizing various thermosetting resins, including urea-formaldehyde, phenol-formaldehyde (phenolic), and melamine-formaldehyde resins. These resins are found to be of extensive use in industries such as construction, automotive, furniture, and electrical, where they manufacture plywood, particleboard, laminates, adhesives, coatings, and molded products.

Paraformaldehyde is utilized in agriculture as a biocide and preservative. It is commonly used in seed treatment to protect seeds from fungal and bacterial infections, improve germination rates, and enhance seedling vigor. Additionally, paraformaldehyde-based formulations are employed in soil fumigation to control soil-borne pathogens, nematodes, and weeds, improving soil health and crop yields.

The growing production of chemicals in Canada leads to increased domestic demand for paraformaldehyde. According to the Government of Canada, the chemical manufacturing subsector in Ontario produced $8.5 billion in gross domestic product (GDP) in 2022, representing 10.0% of the overall manufacturing GDP in the province or 1.1% of Ontario's total GDP. Hence, the high sales of chemicals and increasing regional production propel the market's growth.

Based on Application, the market is segmented into Agrochemicals, Resins, Medical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Ercros, S.A
GFS Chemicals, Inc
Evonik Industries AG (RAG-Stifung)
Ekta International
Chemanol (Methanol Chemical Company)
Caldic B.V. (Advent International, L.P.)
Merck Millipore (Merck Group)
Alpha Chemika
Celanese Corporation
Thermo Fisher Scientific, Inc.

North America Paraformaldehyde Market Report Segmentation

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

Agrochemicals
Resins
Medical
Others

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

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

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

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.North America Paraformaldehyde Market, By Application

4.1North America Agrochemicals Market, By Country
4.2North America Resins Market, By Country
4.3North America Medical Market, By Country
4.4North America Others Market, By Country

Chapter 5.North America Paraformaldehyde Market, By Country

5.1US Paraformaldehyde Market
- 5.1.1US Paraformaldehyde Market, By Application
5.2Canada Paraformaldehyde Market
- 5.2.1Canada Paraformaldehyde Market, By Application
5.3Mexico Paraformaldehyde Market
- 5.3.1Mexico Paraformaldehyde Market, By Application
5.4Rest of North America Paraformaldehyde Market
- 5.4.1Rest of North America Paraformaldehyde Market, By Application

Chapter 6.Company Profiles

6.1Ercros, S.A
- 6.1.1Company Overview
- 6.1.2Financial Analysis
- 6.1.3Segmental and Regional Analysis
- 6.1.4SWOT Analysis
6.2Ekta International
- 6.2.1Company Overview
6.3Chemanol (Methanol Chemicals Company)
- 6.3.1Company Overview
- 6.3.2SWOT Analysis
6.4Caldic B.V. (Advent International, L.P.)
- 6.4.1Company Overview
- 6.4.2SWOT Analysis
6.5Alpha Chemika
- 6.5.1Company Overview
- 6.5.2SWOT Analysis
6.6GFS Chemicals, Inc.
- 6.6.1Company Overview
- 6.6.2SWOT Analysis
6.7Merck Millipore (Merck Group)
- 6.7.1Company Overview
- 6.7.2Financial Analysis
- 6.7.3Segmental and Regional Analysis
- 6.7.4Research & Development Expense
6.8Celanese Corporation
- 6.8.1Company Overview
- 6.8.2Financial Analysis
- 6.8.3Segmental and Regional Analysis
- 6.8.4Research & Development Expenses
- 6.8.5SWOT Analysis
6.9Evonik Industries AG (RAG-Stiftung)
- 6.9.1Company Overview
- 6.9.2Financial Analysis
- 6.9.3Segmental and Regional Analysis
- 6.9.4Research & Development Expenses
- 6.9.5SWOT Analysis
6.10.Thermo Fisher Scientific, Inc.
- 6.10.1Company Overview
- 6.10.2Financial Analysis
- 6.10.3Segmental and Regional Analysis
- 6.10.4Research & Development Expenses
- 6.10.5SWOT Analysis

LIST OF TABLES

TABLE 1North America Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 2North America Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 3North America Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 4North America Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 5North America Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 6North America Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 7North America Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8North America Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9North America Agrochemicals Market, By Country, 2019 - 2022, USD Million
TABLE 10North America Agrochemicals Market, By Country, 2023 - 2030, USD Million
TABLE 11North America Agrochemicals Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12North America Agrochemicals Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13North America Resins Market, By Country, 2019 - 2022, USD Million
TABLE 14North America Resins Market, By Country, 2023 - 2030, USD Million
TABLE 15North America Resins Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16North America Resins Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17North America Medical Market, By Country, 2019 - 2022, USD Million
TABLE 18North America Medical Market, By Country, 2023 - 2030, USD Million
TABLE 19North America Medical Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20North America Medical Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 22North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 23North America Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24North America Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25North America Paraformaldehyde Market, By Country, 2019 - 2022, USD Million
TABLE 26North America Paraformaldehyde Market, By Country, 2023 - 2030, USD Million
TABLE 27North America Paraformaldehyde Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28North America Paraformaldehyde Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29US Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 30US Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 31US Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 32US Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 33US Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 34US Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 35US Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 36US Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 37Canada Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 38Canada Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 39Canada Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 40Canada Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 41Canada Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 42Canada Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 43Canada Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 44Canada Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 45Mexico Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 46Mexico Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 47Mexico Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 48Mexico Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 49Mexico Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 50Mexico Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 51Mexico Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52Mexico Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53Rest of North America Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 54Rest of North America Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 55Rest of North America Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 56Rest of North America Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 57Rest of North America Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 58Rest of North America Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 59Rest of North America Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 60Rest of North America Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 61Key Information - Ercros, S.A
TABLE 62Key Information - Ekta International
TABLE 63Key Information - Chemanol
TABLE 64Key Information - Caldic B.V.
TABLE 65Key Information - Alpha Chemika
TABLE 66Key Information - GFS Chemicals, Inc.
TABLE 67Key Information - Merck Millipore
TABLE 68Key Information - Celanese Corporation
TABLE 69Key Information - Evonik Industries AG
TABLE 70Key Information - Thermo Fisher Scientific, Inc.

North America Paraformaldehyde Market Size, Share & Trends Analysis Report By Application( Agrochemicals, Resins, Medical, and Others). By Country and Growth Forecast, 2023 - 2030