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

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.

Free Valuable Insights: The Global Paraformaldehyde Market is Predict to reach $ 2.5 Billion by 2030, at a CAGR of 5.2%

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
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Paraformaldehyde Market, by Application
1.4.2 Asia Pacific Paraformaldehyde Market, by Country
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. Asia Pacific Paraformaldehyde Market, By Application
4.1 Asia Pacific Agrochemicals Market, By Country
4.2 Asia Pacific Resins Market, By Country
4.3 Asia Pacific Medical Market, By Country
4.4 Asia Pacific Others Market, By Country

Chapter 5. Asia Pacific Paraformaldehyde Market, By Country
5.1 China Paraformaldehyde Market
5.1.1 China Paraformaldehyde Market, By Application
5.2 India Paraformaldehyde Market
5.2.1 India Paraformaldehyde Market, By Application
5.3 Japan Paraformaldehyde Market
5.3.1 Japan Paraformaldehyde Market, By Application
5.4 South Korea Paraformaldehyde Market
5.4.1 South Korea Paraformaldehyde Market, By Application
5.5 Australia Paraformaldehyde Market
5.5.1 Australia Paraformaldehyde Market, By Application
5.6 Malaysia Paraformaldehyde Market
5.6.1 Malaysia Paraformaldehyde Market, By Application
5.7 Rest of Asia Pacific Paraformaldehyde Market
5.7.1 Rest of Asia Pacific 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

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

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Paraformaldehyde Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Paraformaldehyde Market
FIG 4 Porter’s Five Forces Analysis – Paraformaldehyde Market
FIG 5 Asia Pacific Paraformaldehyde Market share, By Application, 2022
FIG 6 Asia Pacific Paraformaldehyde Market share, By Application, 2030
FIG 7 Asia Pacific Paraformaldehyde Market, By Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Paraformaldehyde Market share, By Country, 2022
FIG 9 Asia Pacific Paraformaldehyde Market share, By Country, 2030
FIG 10 Asia Pacific Paraformaldehyde Market, By Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: Ercros, S.A
FIG 12 SWOT Analysis: Chemanol
FIG 13 SWOT Analysis: Caldic B.V.
FIG 14 SWOT Analysis: Alpha Chemika
FIG 15 SWOT Analysis:GFS Chemicals, Inc
FIG 16 SWOT Analysis: Celanese Corporation
FIG 17 SWOT Analysis: Evonik Industries AG
FIG 18 SWOT Analysis: Thermo Fisher Scientific, Inc.