Transparency Market Research has published a new report titled “Paraformaldehyde Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.” According to the report, the global paraformaldehyde market was valued at US$ 468.8 Mn in 2014 and is likely to reach US$ 791.9 Mn in 2023, expanding at a CAGR of 6.1% between 2015 and 2023.
A new Transparency Market Research report states that the global paraformaldehyde market stood at US$468.8 mn in 2014 and is predicted to reach US$791.9 mn by 2023. It is predicted to expand at a CAGR of 6.1% from 2015 to 2023. The title of the report is “Paraformaldehyde Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
According to the report, the rising demand for resins has raised the demand for paraformaldehyde, thus boosting the market’s ... Read more
Paraformaldehyde is an important feedstock used in the production of resins and chemicals. It is widely used to produce urea-formaldehyde resins which further find applications in wooden particleboards, plywood, and furniture industries due to their excellent thermal insulation and moisture resistance properties. The rising construction industry has increased the demand for wood products which is propelling the paraformaldehyde market size. The global paraformaldehyde market is estimated to ... Read more
