The North America Paraformaldehyde Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 265.77 kilo tonnes, showcasing a growth of 3.9% (2019-2022).
Medical laboratories utilize paraformaldehyde as a fixative agent in tissue processing, preserving biological specimens for microscopic examination and analysis. Its ability to cross-link proteins within cells helps maintain cellular structures and prevents degradation, enabling accurate diagnosis of various diseases and conditions. Therefore, the U.S. market consumed 36.24 Kilo Tonnes of paraformaldehyde as medical uses in 2022.
The US market dominated the North America Paraformaldehyde Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $417.7 million by 2030. The Canada market is experiencing a CAGR of 5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.7% during (2023 - 2030).
The paraformaldehyde market is a vital segment of the chemical industry, driven by its diverse applications across various sectors. Paraformaldehyde, a solid polymer of formaldehyde, plays a crucial role as a versatile chemical intermediate, offering various uses and applications. One of the primary applications of paraformaldehyde is in the production of resins. Paraformaldehyde is a key raw material in synthesizing various thermosetting resins, including urea-formaldehyde, phenol-formaldehyde (phenolic), and melamine-formaldehyde resins. These resins are found to be of extensive use in industries such as construction, automotive, furniture, and electrical, where they manufacture plywood, particleboard, laminates, adhesives, coatings, and molded products.
Paraformaldehyde is utilized in agriculture as a biocide and preservative. It is commonly used in seed treatment to protect seeds from fungal and bacterial infections, improve germination rates, and enhance seedling vigor. Additionally, paraformaldehyde-based formulations are employed in soil fumigation to control soil-borne pathogens, nematodes, and weeds, improving soil health and crop yields.
The growing production of chemicals in Canada leads to increased domestic demand for paraformaldehyde. According to the Government of Canada, the chemical manufacturing subsector in Ontario produced $8.5 billion in gross domestic product (GDP) in 2022, representing 10.0% of the overall manufacturing GDP in the province or 1.1% of Ontario’s total GDP. Hence, the high sales of chemicals and increasing regional production propel the market’s growth.
Free Valuable Insights: The Paraformaldehyde Market is Predict to reach USD 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 U.S., Mexico, Canada, and Rest of North America.
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.
North America 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)
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Paraformaldehyde Market, by Application
1.4.2 North America 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. North America Paraformaldehyde Market, By Application
4.1 North America Agrochemicals Market, By Country
4.2 North America Resins Market, By Country
4.3 North America Medical Market, By Country
4.4 North America Others Market, By Country
Chapter 5. North America Paraformaldehyde Market, By Country
5.1 US Paraformaldehyde Market
5.1.1 US Paraformaldehyde Market, By Application
5.2 Canada Paraformaldehyde Market
5.2.1 Canada Paraformaldehyde Market, By Application
5.3 Mexico Paraformaldehyde Market
5.3.1 Mexico Paraformaldehyde Market, By Application
5.4 Rest of North America Paraformaldehyde Market
5.4.1 Rest of North America 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 North America Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 2 North America Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 3 North America Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 6 North America Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 7 North America Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Agrochemicals Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Agrochemicals Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Agrochemicals Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Agrochemicals Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Resins Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Resins Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Resins Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Resins Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Medical Market, By Country, 2019 - 2022, USD Million
TABLE 18 North America Medical Market, By Country, 2023 - 2030, USD Million
TABLE 19 North America Medical Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Medical Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Paraformaldehyde Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Paraformaldehyde Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Paraformaldehyde Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Paraformaldehyde Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 US Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 30 US Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 31 US Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 32 US Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 33 US Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 34 US Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 35 US Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 36 US Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 37 Canada Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 38 Canada Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 39 Canada Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 40 Canada Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 41 Canada Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 42 Canada Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 43 Canada Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 44 Canada Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 45 Mexico Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 46 Mexico Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 47 Mexico Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 48 Mexico Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 49 Mexico Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 50 Mexico Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 51 Mexico Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52 Mexico Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53 Rest of North America Paraformaldehyde Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Paraformaldehyde Market, 2023 - 2030, USD Million
TABLE 55 Rest of North America Paraformaldehyde Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Rest of North America Paraformaldehyde Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Rest of North America Paraformaldehyde Market, By Application, 2019 - 2022, USD Million
TABLE 58 Rest of North America Paraformaldehyde Market, By Application, 2023 - 2030, USD Million
TABLE 59 Rest of North America Paraformaldehyde Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 60 Rest of North America Paraformaldehyde Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 61 Key Information – Ercros, S.A
TABLE 62 Key Information – Ekta International
TABLE 63 Key Information – Chemanol
TABLE 64 Key Information – Caldic B.V.
TABLE 65 Key Information – Alpha Chemika
TABLE 66 Key Information – GFS Chemicals, Inc.
TABLE 67 Key Information – Merck Millipore
TABLE 68 Key Information – Celanese Corporation
TABLE 69 Key Information – Evonik Industries AG
TABLE 70 Key Information – Thermo Fisher Scientific, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Paraformaldehyde Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Paraformaldehyde Market
FIG 4 Porter’s Five Forces Analysis – Paraformaldehyde Market
FIG 5 North America Paraformaldehyde Market share, By Application, 2022
FIG 6 North America Paraformaldehyde Market share, By Application, 2030
FIG 7 North America Paraformaldehyde Market, By Application, 2019 - 2030, USD Million
FIG 8 North America Paraformaldehyde Market share, By Country, 2022
FIG 9 North America Paraformaldehyde Market share, By Country, 2030
FIG 10 North America 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.