Global Paraformaldehyde Market Size, Share & Trends Analysis Report By Application( Agrochemicals, Resins, Medical, and Others). By Regional Outlook and Forecast, 2023 - 2030

Global Paraformaldehyde Market Size, Share & Trends Analysis Report By Application( Agrochemicals, Resins, Medical, and Others). By Regional Outlook and Forecast, 2023 - 2030


The Global Paraformaldehyde Market size is expected to reach $2.5 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,637.34 kilo tonnes, experiencing a growth of 4.4% (2019-2022).

The agricultural sector represents another significant area of demand for paraformaldehyde. It is a key component in agrochemical formulations for seed treatment, soil sterilization, and pest control. Paraformaldehyde-based products protect crops from diseases, pests, and weeds, enhancing agricultural productivity. Consequently, the agrochemicals segment would generate approximately 41.11 % share of the market by 2030. Also, China would utilize 180.82 kilo tonnes of paraformaldehyde in agrochemicals by 2030. As the global population increases and the demand for increased food production rises accordingly, the demand for agrochemicals containing paraformaldehyde continues to increase.

High-value applications of paraformaldehyde typically involve products or processes that command higher profit margins than commoditized applications. By targeting these high-value segments, manufacturers can achieve better returns on investment and profitability, driving overall market growth. Thus, a rising focus on high-value applications drives the market’s growth.

Additionally, The growing agricultural sector drives agrochemical demand, including paraformaldehyde-based products used in seed treatment, soil fumigation, and pest control. As farmers seek to maximize crop yields and mitigate losses from pests and diseases, the demand for paraformaldehyde as a key ingredient in agrochemical formulations increases. Therefore, the expansion of the global agriculture sector is driving the market’s growth.

However, Methanol serves as a crucial raw material in the manufacturing process of paraformaldehyde. Fluctuations in methanol prices directly affect the production costs of paraformaldehyde. Since methanol prices are subject to various factors, such as supply-demand dynamics, energy prices, geopolitical tensions, and currency fluctuations, the paraformaldehyde market is vulnerable to volatility in methanol prices. Therefore, volatility in raw material prices is impeding the growth of the market.

By Application Analysis

Based on application, the market is divided into resins, agrochemicals, medical, and others. The agrochemicals segment garnered a 43.04 % revenue share in the market in 2022. In terms of volume, resins segment would garner 463.04 kilo tonnes in 2022. Paraformaldehyde is employed in soil fumigation to control soil-borne pathogens, nematodes, weeds, and other soil pests. Soil fumigation with paraformaldehyde-based formulations helps sterilize the soil, suppress disease-causing organisms, and eliminate pests that can damage crops. It improves soil health, nutrient availability, and root development, leading to better crop growth and yield.

By Regional Analysis

Region-wise, the e market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated a 22.94 % revenue share in the market. North America is home to a thriving electronics industry, with companies producing consumer electronics, semiconductors, and electronic components. Paraformaldehyde manufactures printed circuit boards (PCBs), electronic components, and semiconductor materials. With the increasing demand for electronic devices, there is a corresponding increase in the demand for chemicals based on paraformaldehyde.

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.
Global Paraformaldehyde Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Agrochemicals
  • Resins
  • Medical
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Paraformaldehyde Market, by Application
1.4.2 Global Paraformaldehyde Market, by Geography
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 Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Paraformaldehyde Market, By Application
4.1 Global Agrochemicals Market, By Region
4.2 Global Resins Market, By Region
4.3 Global Medical Market, By Region
4.4 Global Others Market, By Region
Chapter 5. Global Paraformaldehyde Market, By Region
5.1 North America Paraformaldehyde Market
5.1.1 North America Paraformaldehyde Market, By Application
5.1.1.1 North America Agrochemicals Market, By Country
5.1.1.2 North America Resins Market, By Country
5.1.1.3 North America Medical Market, By Country
5.1.1.4 North America Others Market, By Country
5.1.2 North America Paraformaldehyde Market, By Country
5.1.2.1 US Paraformaldehyde Market
5.1.2.1.1 US Paraformaldehyde Market, By Application
5.1.2.2 Canada Paraformaldehyde Market
5.1.2.2.1 Canada Paraformaldehyde Market, By Application
5.1.2.3 Mexico Paraformaldehyde Market
5.1.2.3.1 Mexico Paraformaldehyde Market, By Application
5.1.2.4 Rest of North America Paraformaldehyde Market
5.1.2.4.1 Rest of North America Paraformaldehyde Market, By Application
5.2 Europe Paraformaldehyde Market
5.2.1 Europe Paraformaldehyde Market, By Application
5.2.1.1 Europe Agrochemicals Market, By Country
5.2.1.2 Europe Resins Market, By Country
5.2.1.3 Europe Medical Market, By Country
5.2.1.4 Europe Others Market, By Country
5.2.2 Europe Paraformaldehyde Market, By Country
5.2.2.1 Germany Paraformaldehyde Market
5.2.2.1.1 Germany Paraformaldehyde Market, By Application
5.2.2.2 UK Paraformaldehyde Market
5.2.2.2.1 UK Paraformaldehyde Market, By Application
5.2.2.3 France Paraformaldehyde Market
5.2.2.3.1 France Paraformaldehyde Market, By Application
5.2.2.4 Russia Paraformaldehyde Market
5.2.2.4.1 Russia Paraformaldehyde Market, By Application
5.2.2.5 Spain Paraformaldehyde Market
5.2.2.5.1 Spain Paraformaldehyde Market, By Application
5.2.2.6 Italy Paraformaldehyde Market
5.2.2.6.1 Italy Paraformaldehyde Market, By Application
5.2.2.7 Rest of Europe Paraformaldehyde Market
5.2.2.7.1 Rest of Europe Paraformaldehyde Market, By Application
5.3 Asia Pacific Paraformaldehyde Market
5.3.1 Asia Pacific Paraformaldehyde Market, By Application
5.3.1.1 Asia Pacific Agrochemicals Market, By Country
5.3.1.2 Asia Pacific Resins Market, By Country
5.3.1.3 Asia Pacific Medical Market, By Country
5.3.1.4 Asia Pacific Others Market, By Country
5.3.2 Asia Pacific Paraformaldehyde Market, By Country
5.3.2.1 China Paraformaldehyde Market
5.3.2.1.1 China Paraformaldehyde Market, By Application
5.3.2.2 India Paraformaldehyde Market
5.3.2.2.1 India Paraformaldehyde Market, By Application
5.3.2.3 Japan Paraformaldehyde Market
5.3.2.3.1 Japan Paraformaldehyde Market, By Application
5.3.2.4 South Korea Paraformaldehyde Market
5.3.2.4.1 South Korea Paraformaldehyde Market, By Application
5.3.2.5 Australia Paraformaldehyde Market
5.3.2.5.1 Australia Paraformaldehyde Market, By Application
5.3.2.6 Malaysia Paraformaldehyde Market
5.3.2.6.1 Malaysia Paraformaldehyde Market, By Application
5.3.2.7 Rest of Asia Pacific Paraformaldehyde Market
5.3.2.7.1 Rest of Asia Pacific Paraformaldehyde Market, By Application
5.4 LAMEA Paraformaldehyde Market
5.4.1 LAMEA Paraformaldehyde Market, By Application
5.4.1.1 LAMEA Agrochemicals Market, By Country
5.4.1.2 LAMEA Resins Market, By Country
5.4.1.3 LAMEA Medical Market, By Country
5.4.1.4 LAMEA Others Market, By Country
5.4.2 LAMEA Paraformaldehyde Market, By Country
5.4.2.1 Brazil Paraformaldehyde Market
5.4.2.1.1 Brazil Paraformaldehyde Market, By Application
5.4.2.2 Argentina Paraformaldehyde Market
5.4.2.2.1 Argentina Paraformaldehyde Market, By Application
5.4.2.3 UAE Paraformaldehyde Market
5.4.2.3.1 UAE Paraformaldehyde Market, By Application
5.4.2.4 Saudi Arabia Paraformaldehyde Market
5.4.2.4.1 Saudi Arabia Paraformaldehyde Market, By Application
5.4.2.5 South Africa Paraformaldehyde Market
5.4.2.5.1 South Africa Paraformaldehyde Market, By Application
5.4.2.6 Nigeria Paraformaldehyde Market
5.4.2.6.1 Nigeria Paraformaldehyde Market, By Application
5.4.2.7 Rest of LAMEA Paraformaldehyde Market
5.4.2.7.1 Rest of LAMEA Paraformaldehyde Market, By Application
Chapter 6. Company Profiles
6.1 Ercros, S.A
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 SWOT Analysis
6.2 Ekta International
6.2.1 Company Overview
6.3 Chemanol (Methanol Chemicals Company)
6.3.1 Company Overview
6.3.2 SWOT Analysis
6.4 Caldic B.V. (Advent International, L.P.)
6.4.1 Company Overview
6.4.2 SWOT Analysis
6.5 Alpha Chemika
6.5.1 Company Overview
6.5.2 SWOT Analysis
6.6 GFS Chemicals, Inc.
6.6.1 Company Overview
6.6.2 SWOT Analysis
6.7 Merck Millipore (Merck Group)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.8 Celanese Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.8.5 SWOT Analysis
6.9 Evonik Industries AG (RAG-Stiftung)
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.9.5 SWOT Analysis
6.10. Thermo Fisher Scientific, Inc.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expenses
6.10.5 SWOT Analysis
Chapter 7. Winning Imperatives of Paraformaldehyde Market

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