LAMEA 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 Latin America, Middle East and Africa Paraformaldehyde Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 160.87 kilo tonnes, showcasing a growth of 6.3% (2023-2030).

Paraformaldehyde serves as a key component in the production of pesticides, herbicides, and fungicides, playing a crucial role in enhancing agricultural productivity and ensuring crop protection. Within this context, paraformaldehyde is utilized in formulations aimed at controlling pests, weeds, and fungal diseases that affect crop yields. Therefore, the Brazil Utilized 17.81 kilo Tonnes of paraformaldehyde in Agrochemicals in 2022.

The Brazil market dominated the LAMEA Paraformaldehyde Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $62.6 million by 2030. The Argentina market is showcasing a CAGR of 6.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.6% during (2023 - 2030).

Paraformaldehyde is used in the construction industry for the production of wood-based composite materials, adhesives, coatings, and insulation products used in building construction, furniture making, and interior finishes. Expansion of the construction projects provide new avenues for the paraformaldehyde market. For instance, as per the International Trade Administration (ITA), under the Red Sea project of Saudi Arabia Government, by the conclusion of 2023, three hotels were inaugurated, with plans for an additional 13 hotels to be launched in 2024. Upon full completion, the Red Sea Project anticipates approximately 50 hotels comprising over 8,000 rooms.

Adoption trends in the paraformaldehyde market reflect the dynamic landscape shaped by evolving industry dynamics, technological advancements, regulatory changes, and shifting consumer preferences. Emerging economies, particularly in Asia-Pacific and Latin America, are experiencing rapid industrialization, urbanization, and infrastructure development. This growth fuels demand for paraformaldehyde-based products in the construction, automotive, furniture, and consumer goods industries. Emerging markets offer significant growth opportunities for paraformaldehyde manufacturers, driven by expanding industrial sectors and increasing consumer spending.

The agrochemical industry in Brazil exerts a significant influence on the paraformaldehyde market, driving demand for seed treatment, soil fumigation, crop protection, and sustainable agriculture solutions. As per the International Trade Administration (ITA), the sector proved quite resilient during the pandemic, with significant increases in 2021 and 2022. Therefore, the increasing demand for agrochemicals in Brazil and the expansion of construction activities in the UAE 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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.

LAMEA 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)

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1.Market Scope & Methodology

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

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

Chapter 5.LAMEA Paraformaldehyde Market, By Country

5.1Brazil Paraformaldehyde Market
- 5.1.1Brazil Paraformaldehyde Market, By Application
5.2Argentina Paraformaldehyde Market
- 5.2.1Argentina Paraformaldehyde Market, By Application
5.3UAE Paraformaldehyde Market
- 5.3.1UAE Paraformaldehyde Market, By Application
5.4Saudi Arabia Paraformaldehyde Market
- 5.4.1Saudi Arabia Paraformaldehyde Market, By Application
5.5South Africa Paraformaldehyde Market
- 5.5.1South Africa Paraformaldehyde Market, By Application
5.6Nigeria Paraformaldehyde Market
- 5.6.1Nigeria Paraformaldehyde Market, By Application
5.7Rest of LAMEA Paraformaldehyde Market
- 5.7.1Rest of LAMEA 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 1LAMEA Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 2LAMEA Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 3LAMEA Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 4LAMEA Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 5LAMEA Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 6LAMEA Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 7LAMEA Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8LAMEA Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9LAMEA Agrochemicals Market, By Country, 2019 - 2022, USD Million
TABLE 10LAMEA Agrochemicals Market, By Country, 2023 - 2030, USD Million
TABLE 11LAMEA Agrochemicals Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12LAMEA Agrochemicals Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13LAMEA Resins Market, By Country, 2019 - 2022, USD Million
TABLE 14LAMEA Resins Market, By Country, 2023 - 2030, USD Million
TABLE 15LAMEA Resins Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16LAMEA Resins Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17LAMEA Medical Market, By Country, 2019 - 2022, USD Million
TABLE 18LAMEA Medical Market, By Country, 2023 - 2030, USD Million
TABLE 19LAMEA Medical Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20LAMEA Medical Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21LAMEA Others Market, By Country, 2019 - 2022, USD Million
TABLE 22LAMEA Others Market, By Country, 2023 - 2030, USD Million
TABLE 23LAMEA Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24LAMEA Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25LAMEA Paraformaldehyde Market, By Country, 2019 - 2022, USD Million
TABLE 26LAMEA Paraformaldehyde Market, By Country, 2023 - 2030, USD Million
TABLE 27LAMEA Paraformaldehyde Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28LAMEA Paraformaldehyde Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29Brazil Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 30Brazil Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 31Brazil Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 32Brazil Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 33Brazil Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 34Brazil Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 35Brazil Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 36Brazil Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 37Argentina Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 38Argentina Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 39Argentina Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 40Argentina Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 41Argentina Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 42Argentina Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 43Argentina Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 44Argentina Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 45UAE Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 46UAE Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 47UAE Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 48UAE Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 49UAE Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 50UAE Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 51UAE Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52UAE Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53Saudi Arabia Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 54Saudi Arabia Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 55Saudi Arabia Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 56Saudi Arabia Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 57Saudi Arabia Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 58Saudi Arabia Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 59Saudi Arabia Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 60Saudi Arabia Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 61South Africa Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 62South Africa Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 63South Africa Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 64South Africa Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 65South Africa Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 66South Africa Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 67South Africa Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 68South Africa Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 69Nigeria Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 70Nigeria Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 71Nigeria Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 72Nigeria Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 73Nigeria Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 74Nigeria Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 75Nigeria Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 76Nigeria Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 77Rest of LAMEA Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 78Rest of LAMEA Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 79Rest of LAMEA Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 80Rest of LAMEA Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 81Rest of LAMEA Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 82Rest of LAMEA Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 83Rest of LAMEA Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 84Rest of LAMEA 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.

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