The article is about the global Paraformaldehyde (PFA) Market and its growth prospects in the coming years. Paraformaldehyde is a white crystalline powder used in the production of resins, pesticides, pharmaceuticals, and other chemicals. The report highlights the key drivers, restraints, opportunities, and challenges faced by the market and provides a detailed analysis of the market's structure, scope, and growth potential.

According to the report, the global Paraformaldehyde (PFA) market was valued at USD 552.6 million in 2020 and is expected to reach USD 899.2 million by 2028, growing at a CAGR of 6.1% during the forecast period (2021-2028). The report covers the market analysis of North America, Europe, Asia Pacific, Latin America, and Middle East Africa.

The report identifies the increasing demand for PFA in the production of thermosetting resins and other chemicals as a key factor driving the market's growth. The growth in the construction industry, especially in emerging economies, is also expected to drive market growth as PFA is used in the production of wood adhesives, coatings, and laminates. However, the high cost of production, health hazards associated with the use of PFA, and availability of substitutes are some of the major challenges faced by the market.

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Top Lading Players:

• Alfa Aesar
• Alpha Chemika
• Caldic
• Celanese
• Chemanol
• Ekta International
• Merck
• Yinhe Chemical
• Interatlas Chemical Inc.
• Hebei Yuhang Chemical Industry Co., Ltd.
• Nantong Jiangtian Chemical Co., Ltd.
• Jinan Xiangrui Chemical Co., Ltd.
• Stormmax ASSP Ltd.
• Chemicals Factory
• GFS Chemical
• Shanghai Orgpharma Chemical Co., Ltd.
• Changzhou Koye Chemical Co., Ltd.
• Linyi Ruifeng Machinery Co., Ltd.
• Asia Chemical Company
• Pure Chemistry Scientific Inc.
• Tianjin Yuanlong Chemical Industry Co.

Segments covered in the report:

Purity Outlook (Revenue, USD Billion; 2019-2030)

• 91%-93%
• 95%-97%

Application Outlook (Revenue, USD Billion; 2019-2030)

• Resins
• Agrochemicals
• Medical
• Photographic films
• Papermaking
• Paints Coatings
• Oil field chemicals
• Lubricant additives
• Others

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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