2016 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of
market include rising population, and growing usage in the production.
Asia-Pacific accounted for the major share of the paraformaldehyde market in 2016 and will continue to lead in
the forecast period. The factors that could be attributed to the growth include increasing production of
paraformaldehyde in China, increasing development in automotive, construction, and agricultural sectors,
substantial rise pertaining to growth in pharmaceutical, oil & gas, and automotive industries, and increasing
disposable income. Asia-Pacific is likely to be followed by Europe and North America owing to increased
production of pentaerythritol, laminates, MDI and wood panels in the years to come.
Some of the key players that fuel the growth of the paraformaldehyde market comprise Caldic, Alfa Aesar, Ekta
International, Chang Chun Group, Kothari Phytochemicals & Industries, GFS Chemicals, NANGTON JIANGTIAN
CHEMICALS, Alder, LCY Group, Simalin Chemicals Industries, Shouguang Xuedong Chemical, OSWAL UDHYOG,
Celanese, Synthite Limited, Ercros, Chemanol, PT. Dover Chemical and INEOS. The leading companies are taking
up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
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