Paraformaldehyde Market - Growing Demand from Diverse Industries to Encourage Growth By 2023

In the last few years, the use of paraformaldehyde has increased significantly owing to the rising number of applications. The growing demand from agrochemical and resins manufacturers is expected to encourage the growth of the global paraformaldehyde market in the coming years. Some of the key applications of paraformaldehyde are medical appliances, agrochemicals, resins, lubricant additives, papermaking, and others. The key players in the market are emphasizing on increasing the number of applications is estimated to supplement the growth of the market in the coming years.

According to the research study, the global market for paraformaldehyde is anticipated to reach a value of US$791.9 mn by the end of 2023. The market is likely to register a healthy 6.0% CAGR between 2015 and 2023.

Application of paraformaldehyde as Lubricant Additives to Encourage Growth

The rising rate of adoption of GM crops has resulted in a high demand for glyphosate, which is the key factor estimated to encourage the growth of the global paraformaldehyde market in the coming years. In addition, the growing demand for resins is predicted to accelerate the overall development of the market in the near future. The rising focus on the development of new products and technological advancements are estimated to supplement the market’s growth.

Obtain Report Details @ http://www.transparencymarketresearch.com/paraformaldehyde-market.html

On the flip side, several concerns related to the sanctions and restrictions against glyphosate are anticipated to restrict the growth of the global paraformaldehyde market in the forecast period. Nevertheless, the application of paraformaldehyde as drilling fluids and as a lubricant additive is expected to generate promising opportunities for key players operating in the global market in the next few years.

Rising Contribution from China to Bolster Asia Pacific Paraformaldehyde Market

In the last few years, the Asia Pacific segment held a large share of the global paraformaldehyde market and is likely to remain in the topmost position in the next few years. The tremendous contribution from China is estimated to accelerate the growth of this region and is considered as one of the largest manufacturers across the globe. The expansion of the application base of paraformaldehyde is expected to supplement the growth of this segment in the coming years.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4633

Furthermore, North America and Europe are anticipated to follow Asia Pacific throughout the forecast period. The rising demand from diverse industries and the increasing focus on technological developments are anticipated to encourage the growth of the Asia Pacific market for paraformaldehyde in the next few years. Furthermore, Latin America and the Middle East and Africa are likely to witness a healthy growth in the next few years.

Growing Demand from Diverse Industries to Encourage Growth

The growing demand for paraformaldehyde has attracted several new players to enter the market in order to expand their product horizon and attain a leading position in the market. The rising level of competition is projected to result in introduction of new products and the creating an awareness among consumers regarding the use of paraformaldehyde across diverse industries. In addition, the rising number of mergers and acquisitions is another major factor anticipated to contribute significantly towards the growth of the global market throughout the forecast period.

Some of the key players operating in the paraformaldehyde market across the globe are Nantong Jiangtian Chemical Co., Ltd., Celanese Corporation, Shouguang Xudong Chemical Co., Ltd., Feno Resinas S.A. de C.V., INEOS Group Limited, and LCY Chemical Corp. The presence of a large number of players is expected to enhance the competitive scenario of the overall market throughout the forecast period.

Paraformaldehyde Market - Application Analysis

Resins
Agrochemicals
Medical Applications
Others (Including Development of Photographic Films, Papermaking, Oil Field Chemicals, lubricant additives, etc.)

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Market Research Reports

Search This Blog