The Asia Pacific Formalin Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 7,090.8 kilo Tonnes, showcasing a growth of 4.5% (2019-2022).
Pathology laboratories are pivotal consumers of formalin, utilizing it to preserve tissue specimens for diagnostic purposes. Its fixation is an essential step in preparing tissue samples for pathological examination. It ensures that tissues maintain structural integrity, allowing pathologists to analyze and diagnose diseases accurately. The efficiency and reliability of formalin fixation make it indispensable in pathology laboratories, where a continuous flow of specimens necessitates a reliable preservation method.
Hospitals, encompassing a wide range of medical services, heavily rely on formalin for diagnostic and research purposes. Formalin-preserved specimens play a crucial role in histopathology, aiding in the diagnosis of diseases, monitoring treatment outcomes, and contributing to medical research. The increasing demand for diagnostic services, coupled with advancements in medical technology, has led to a higher throughput in hospitals, subsequently amplifying the consumption of formalin.
As per the data from the State Council of China in 2022, China will maintain its status as the leading producer goods as the proportion of manufacturing output attributable to the nation's activities rises from 22.5 percent in 2012 to nearly 30 percent in 2021. Specifically, between 2012 and 2021, the nation's manufacturing output increased from 16.98 trillion yuan to 31.4 trillion yuan ($4.65 trillion). Thus, the rising pharmaceutical sector in the Asia Pacific will help increase research and development initiatives, which will also help in the growing demand for formalin in the region. Likewise, an increase in industrial manufacturing in the region will also contribute to increased demand for formalin.
The China market dominated the Asia Pacific Formalin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,173.7 million by 2030. The Japan market is exhibiting a CAGR of 5% during (2023 - 2030). Additionally, The India market would experience a CAGR of 6.3% during (2023 - 2030).
Based on Application, the market is segmented into Fertilizer, Automotive, Dyes, Drugs, Antiseptic Perfume, Rubber Chemicals and Others. Based on Percentage, the market is segmented into 1.0%-20.0%, 20.0%-40.0%, and 40.0% - 60.0%. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Formalin Market is Predict to reach $11.5 Billion by 2030, at a CAGR of 5.5%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, 3M Company, Bayer AG, Celanese Corporation, DuPont de Nemours, Inc., Georgia-Pacific LLC (Koch Industries, Inc), Huntsman Corporation, Merck KGaA, Sumitomo Chemical Co., Ltd., and Thermo Fisher Scientific, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Fertilizer
- Automotive
- Dyes
- Drugs
- Antiseptic Perfume
- Rubber Chemicals
- Others
By Percentage
- 1.0%-20.0%
- 20.0%-40.0%
- 40.0% - 60.0%
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- 3M Company
- Bayer AG
- Celanese Corporation
- DuPont de Nemours, Inc.
- Georgia-Pacific LLC (Koch Industries, Inc)
- Huntsman Corporation
- Merck KGaA
- Sumitomo Chemical Co., Ltd.
- Thermo Fisher Scientific, Inc.
TABLE 1 Asia Pacific Formalin Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Formalin Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Formalin Market by Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Formalin Market by Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Fertilizer Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Fertilizer Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Fertilizer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Fertilizer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Automotive Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Dyes Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Dyes Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Dyes Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Dyes Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Drugs Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Drugs Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Drugs Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Drugs Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Antiseptic Perfume Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Antiseptic Perfume Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Antiseptic Perfume Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Antiseptic Perfume Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Rubber Chemicals Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Rubber Chemicals Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Rubber Chemicals Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Rubber Chemicals Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 39 Asia Pacific 1.0%-20.0% Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific 1.0%-20.0% Market by Country, 2023 - 2030, USD Million
TABLE 41 Asia Pacific 20.0%-40.0% Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific 20.0%-40.0% Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific 40.0% - 60.0% Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific 40.0% - 60.0% Market by Country, 2023 - 2030, USD Million
TABLE 45 Asia Pacific Formalin Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Formalin Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Formalin Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Formalin Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 China Formalin Market, 2019 - 2022, USD Million
TABLE 50 China Formalin Market, 2023 - 2030, USD Million
TABLE 51 China Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 52 China Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 53 China Formalin Market by Application, 2019 - 2022, USD Million
TABLE 54 China Formalin Market by Application, 2023 - 2030, USD Million
TABLE 55 China Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 56 China Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 57 China Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 58 China Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 59 Japan Formalin Market, 2019 - 2022, USD Million
TABLE 60 Japan Formalin Market, 2023 - 2030, USD Million
TABLE 61 Japan Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 62 Japan Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 63 Japan Formalin Market by Application, 2019 - 2022, USD Million
TABLE 64 Japan Formalin Market by Application, 2023 - 2030, USD Million
TABLE 65 Japan Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 66 Japan Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 67 Japan Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 68 Japan Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 69 India Formalin Market, 2019 - 2022, USD Million
TABLE 70 India Formalin Market, 2023 - 2030, USD Million
TABLE 71 India Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 72 India Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 73 India Formalin Market by Application, 2019 - 2022, USD Million
TABLE 74 India Formalin Market by Application, 2023 - 2030, USD Million
TABLE 75 India Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 76 India Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 77 India Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 78 India Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 79 South Korea Formalin Market, 2019 - 2022, USD Million
TABLE 80 South Korea Formalin Market, 2023 - 2030, USD Million
TABLE 81 South Korea Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 82 South Korea Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 83 South Korea Formalin Market by Application, 2019 - 2022, USD Million
TABLE 84 South Korea Formalin Market by Application, 2023 - 2030, USD Million
TABLE 85 South Korea Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 86 South Korea Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 87 South Korea Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 88 South Korea Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 89 Singapore Formalin Market, 2019 - 2022, USD Million
TABLE 90 Singapore Formalin Market, 2023 - 2030, USD Million
TABLE 91 Singapore Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 92 Singapore Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 93 Singapore Formalin Market by Application, 2019 - 2022, USD Million
TABLE 94 Singapore Formalin Market by Application, 2023 - 2030, USD Million
TABLE 95 Singapore Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 96 Singapore Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 97 Singapore Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 98 Singapore Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 99 Malaysia Formalin Market, 2019 - 2022, USD Million
TABLE 100 Malaysia Formalin Market, 2023 - 2030, USD Million
TABLE 101 Malaysia Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 102 Malaysia Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 103 Malaysia Formalin Market by Application, 2019 - 2022, USD Million
TABLE 104 Malaysia Formalin Market by Application, 2023 - 2030, USD Million
TABLE 105 Malaysia Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 106 Malaysia Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 107 Malaysia Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 108 Malaysia Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 109 Rest of Asia Pacific Formalin Market, 2019 - 2022, USD Million
TABLE 110 Rest of Asia Pacific Formalin Market, 2023 - 2030, USD Million
TABLE 111 Rest of Asia Pacific Formalin Market, 2019 - 2022, Kilo Tonnes
TABLE 112 Rest of Asia Pacific Formalin Market, 2023 - 2030, Kilo Tonnes
TABLE 113 Rest of Asia Pacific Formalin Market by Application, 2019 - 2022, USD Million
TABLE 114 Rest of Asia Pacific Formalin Market by Application, 2023 - 2030, USD Million
TABLE 115 Rest of Asia Pacific Formalin Market by Percentage, 2019 - 2022, USD Million
TABLE 116 Rest of Asia Pacific Formalin Market by Percentage, 2023 - 2030, USD Million
TABLE 117 Rest of Asia Pacific Formalin Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 118 Rest of Asia Pacific Formalin Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 119 Key Information – BASF SE
TABLE 120 Key Information – 3M Company
TABLE 121 Key Information – Bayer AG
TABLE 122 Key Information – Celanese Corporation
TABLE 123 Key Information –DuPont de Nemours, Inc.
TABLE 124 Key Information – Georgia-Pacific LLC
TABLE 125 key Information – Huntsman Corporation
TABLE 126 key Information – Merck KGaA
TABLE 127 Key Information – Sumitomo Chemical Co., Ltd.
TABLE 128 Key Information – Thermo Fisher Scientific, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Formalin Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Formalin Market
FIG 4 Porter’s Five Forces Analysis – Formalin Market
FIG 5 Asia Pacific Formalin Market share by Application, 2022
FIG 6 Asia Pacific Formalin Market share by Application, 2030
FIG 7 Asia Pacific Formalin Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Formalin Market share by Percentage, 2022
FIG 9 Asia Pacific Formalin Market share by Percentage, 2030
FIG 10 Asia Pacific Formalin Market by Percentage, 2019 - 2030, USD Million
FIG 11 Asia Pacific Formalin Market share by Country, 2022
FIG 12 Asia Pacific Formalin Market share by Country, 2030
FIG 13 Asia Pacific Formalin Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: BASF SE
FIG 15 SWOT Analysis: 3M Company
FIG 16 Swot Analysis: Bayer AG
FIG 17 SWOT Analysis: Celanese Corporation
FIG 18 Swot Analysis: DuPont de Nemours, Inc.
FIG 19 Swot Analysis: Georgia-Pacific LLC
FIG 20 SWOT Analysis: Huntsman Corporation
FIG 21 Swot Analysis: Merck KGaA
FIG 22 Swot Analysis: Sumitomo Chemical Co., Ltd.
FIG 23 Swot Analysis: Thermo Fisher Scientific, Inc.