Paraformaldehyde Market is Estimated To Witness High Growth Owing To Growing Use Of Paraformaldehyde In Synthesis of Various Polymers and Coatings
Paraformaldehyde Market Paraformaldehyde is a polymerized and condensed form of formaldehyde that serves as a source of formaldehyde gas. It is a white crystalline powder with a pungent, irritating odor commonly used as a preservative or germicide in industrial and medical applications. Formaldehyde acts as a disinfectant and sterilizer, and is used as a preservative in vaccines, medications, and biological samples collection media. The Paraformaldehyde Market is estimated to be valued at US$ 419.8 Mn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the major trends driving the growth of the paraformaldehyde market is its increasing use in the synthesis of various polymers and coatings. Paraformaldehyde readily acts as a source of formaldehyde and is highly preferred over free formaldehyde for these applications owing to its safer handling and gr