Asia Pacific 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 Asia Pacific Paraformaldehyde Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 784.22 kilo tonnes, showcasing a growth of 4.6% (2019-2022).

Resin derived from paraformaldehyde serves as a fundamental component in the production of numerous products, including adhesives, coatings, and composite materials. In the adhesives sector, paraformaldehyde-based resins exhibit exceptional bonding strength and durability, making them indispensable in industries such as automotive, construction, and furniture manufacturing. Therefore, the India market will use 52.11 kilo Tonnes of paraformaldehyde for processing resin by 2030.

The China market dominated the Asia Pacific Paraformaldehyde Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $417.8 million by 2030. The India market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The Japan market would experience a CAGR of 5% during (2023 - 2030).

Ongoing advancements in chemical engineering, process optimization, and catalysis drive efficiency improvements and cost reductions in paraformaldehyde production. Manufacturers invest in advanced technologies, such as fluidized bed reactors, continuous flow synthesis, and catalytic oxidation, to enhance production efficiency, reduce energy consumption, and minimize environmental impact. Process innovations enable manufacturers to meet growing demand, improve product quality, and maintain competitiveness in the market.

Trends and innovations in the paraformaldehyde market are driven by evolving industry dynamics, technological advancements, regulatory changes, and shifting consumer preferences. These trends and innovations shape the market landscape, drive product development, and influence industry strategies. The chemical industry is increasingly prioritizing sustainability and environmental responsibility, resulting in a greater uptake of green chemistry principles in the production of paraformaldehyde. Manufacturers are exploring eco-friendly production processes, renewable feedstocks, and biodegradable formulations to reduce environmental impact and meet regulatory requirements. Green chemistry initiatives focus on minimizing waste generation, reducing energy consumption, and optimizing resource efficiency in paraformaldehyde manufacturing.

India's rapid economic growth and industrialization have increased demand for chemicals across various sectors such as agriculture, pharmaceuticals, textiles, automotive, construction, and consumer goods. According to the National Investment Promotion & Facilitation Agency, the market size of India's chemicals & petrochemicals sector is around $215 Bn. Therefore, the expansion of the region's chemical industry is propelling 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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

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.

Asia Pacific 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)

China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Paraformaldehyde Market, by Application
- 1.4.2Asia Pacific 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.Asia Pacific Paraformaldehyde Market, By Application

4.1Asia Pacific Agrochemicals Market, By Country
4.2Asia Pacific Resins Market, By Country
4.3Asia Pacific Medical Market, By Country
4.4Asia Pacific Others Market, By Country

Chapter 5.Asia Pacific Paraformaldehyde Market, By Country

5.1China Paraformaldehyde Market
- 5.1.1China Paraformaldehyde Market, By Application
5.2India Paraformaldehyde Market
- 5.2.1India Paraformaldehyde Market, By Application
5.3Japan Paraformaldehyde Market
- 5.3.1Japan Paraformaldehyde Market, By Application
5.4South Korea Paraformaldehyde Market
- 5.4.1South Korea Paraformaldehyde Market, By Application
5.5Australia Paraformaldehyde Market
- 5.5.1Australia Paraformaldehyde Market, By Application
5.6Malaysia Paraformaldehyde Market
- 5.6.1Malaysia Paraformaldehyde Market, By Application
5.7Rest of Asia Pacific Paraformaldehyde Market
- 5.7.1Rest of Asia Pacific 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 1Asia Pacific Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 2Asia Pacific Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 3Asia Pacific Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 4Asia Pacific Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 5Asia Pacific Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 6Asia Pacific Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 7Asia Pacific Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8Asia Pacific Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9Asia Pacific Agrochemicals Market, By Country, 2019 - 2022, USD Million
TABLE 10Asia Pacific Agrochemicals Market, By Country, 2023 - 2030, USD Million
TABLE 11Asia Pacific Agrochemicals Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12Asia Pacific Agrochemicals Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13Asia Pacific Resins Market, By Country, 2019 - 2022, USD Million
TABLE 14Asia Pacific Resins Market, By Country, 2023 - 2030, USD Million
TABLE 15Asia Pacific Resins Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16Asia Pacific Resins Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17Asia Pacific Medical Market, By Country, 2019 - 2022, USD Million
TABLE 18Asia Pacific Medical Market, By Country, 2023 - 2030, USD Million
TABLE 19Asia Pacific Medical Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20Asia Pacific Medical Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21Asia Pacific Others Market, By Country, 2019 - 2022, USD Million
TABLE 22Asia Pacific Others Market, By Country, 2023 - 2030, USD Million
TABLE 23Asia Pacific Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24Asia Pacific Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25Asia Pacific Paraformaldehyde Market, By Country, 2019 - 2022, USD Million
TABLE 26Asia Pacific Paraformaldehyde Market, By Country, 2023 - 2030, USD Million
TABLE 27Asia Pacific Paraformaldehyde Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28Asia Pacific Paraformaldehyde Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29China Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 30China Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 31China Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 32China Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 33China Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 34China Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 35China Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 36China Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 37India Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 38India Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 39India Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 40India Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 41India Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 42India Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 43India Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 44India Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 45Japan Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 46Japan Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 47Japan Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 48Japan Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 49Japan Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 50Japan Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 51Japan Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52Japan Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53South Korea Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 54South Korea Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 55South Korea Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 56South Korea Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 57South Korea Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 58South Korea Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 59South Korea Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 60South Korea Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 61Australia Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 62Australia Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 63Australia Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 64Australia Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 65Australia Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 66Australia Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 67Australia Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 68Australia Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 69Malaysia Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 70Malaysia Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 71Malaysia Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 72Malaysia Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 73Malaysia Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 74Malaysia Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 75Malaysia Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 76Malaysia Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 77Rest of Asia Pacific Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 78Rest of Asia Pacific Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 79Rest of Asia Pacific Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 80Rest of Asia Pacific Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 81Rest of Asia Pacific Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 82Rest of Asia Pacific Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 83Rest of Asia Pacific Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 84Rest of Asia Pacific Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 85Key Information - Ercros, S.A
TABLE 86Key Information - Ekta International
TABLE 87Key Information - Chemanol
TABLE 88Key Information - Caldic B.V.
TABLE 89Key Information - Alpha Chemika
TABLE 90Key Information - GFS Chemicals, Inc.
TABLE 91Key Information - Merck Millipore
TABLE 92Key Information - Celanese Corporation
TABLE 93Key Information - Evonik Industries AG
TABLE 94Key Information - Thermo Fisher Scientific, Inc.

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