Market Challenges And Opportunities

However, the toxic and carcinogenic nature of paraformaldehyde is expected to hinder the market growth. Moreover, paraformaldehyde is dangerous to transport.

Market Dynamics

Significant growth of the agriculture sector is expected to boost demand for paraformaldehyde, thereby boosting growth of the global paraformaldehyde market. Paraformaldehyde is depolymerized to be used as a fumigant, disinfectant, fungicide, and fixative. Paraformaldehyde is also used for the production of thermoplastics. Therefore, significant demand for thermoplastics from the construction sector and growing plastics industry is also expected to boost the market growth.

In the genetics sector, paraformaldehyde is used to crosslink proteins to DNA. Moreover, increasing demand for particle board, medium density fiberboard, and plywood is also expected to drive the market growth. Paraformaldehyde is also used as medical and hygienic disinfector. Paraformaldehyde is used to produce the resinous binding material, which in turn is used in manufacturing of particle board, medium density fiberboard, and plywood by using melamine, phenol or other reactive agents.

Furthermore, paraformaldehyde is used for the synthesis of trimethylolpropane, melamine resin, urea formaldehyde resin, glycol and ion exchange resin, pentaerythritol, phenolic resin, and N-methylolacrylamide.