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Paraformaldehyde (PFA) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23173
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Paraformaldehyde (PFA) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Paraformaldehyde (PFA) | Petrochemicals | USA | 1,209 USD/MT |
| Paraformaldehyde (PFA) | Petrochemicals | China | 771 USD/MT |
| Paraformaldehyde (PFA) | Petrochemicals | Germany | 642 USD/MT |
The paraformaldehyde (PFA) prices in the United States for Q4 2023 reached 1,209 USD/MT in December. The market faced weak demand and lower prices due to ample supplies and sluggish exports. The abundance of raw materials prompted a production slowdown, while limited orders from key industries kept prices low.
The price trend for paraformaldehyde (PFA) in China for Q4 2023, reached 771 USD/MT in December. The market was characterized by sluggish demand and oversupply. Despite reduced prices, the market saw low purchasing volumes, with little support from downstream industries, forcing manufacturers to reduce their quotations to stimulate demand.
The price trend for paraformaldehyde (PFA) in Germany for Q4 2023, reached 642 USD/MT in December. The market remained well-supplied, leading to cautious production rates. Persistent low demand, influenced by economic conditions and inflation, caused prices to stabilize with minimal movement, reflecting a cautious trading environment.
Paraformaldehyde (PFA) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Paraformaldehyde (PFA) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of paraformaldehyde (PFA) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of paraformaldehyde (PFA) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of paraformaldehyde (PFA) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing paraformaldehyde (PFA) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Paraformaldehyde (PFA) Market Analysis
The global paraformaldehyde (PFA) market size reached US$ 1.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.3 Billion, at a projected CAGR of 5.6% during 2023-2032.
- Paraformaldehyde (PFA) in used as a key raw material in the production of various downstream products like resins, adhesives, disinfectants, and pharmaceuticals. The growth in the sectors, such as construction, automotive, healthcare is driving the demand for PFA.
- The paraformaldehyde (PFA) demand is further amplified by its utilization as a feedstock in the production of thermosetting resins, mainly in the manufacture of phenol-formaldehyde resins.
- Paraformaldehyde (PFA) is also becoming popular as a disinfectant agent due to its ability to release formaldehyde when dissolved in water. Moreover, the paraformaldehyde (PFA) market is employed in the healthcare sector for sterilization, disinfection, and preservations purposes. With the increasing focus on the healthcare infrastructure development and rising awareness regarding hygiene and sanitation, the demand for PFA in this sector is expected to grow.
- Ongoing research and development (R&D) aimed at improving the properties and applications of PFA like enhancing its stability, solubility, and compatibility with other substances is supporting the growth of the market.
- The stringent environmental rules aimed at lowering emissions of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) are catalyzing the demand for formaldehyde-based products like PFA, which have lower emissions compared to alternatives.
- According to the content published in 2023 on the website of the World Bank, around 50% of the population resides in urban areas. Urbanizations is leading to the construction activities to accommodate the growing population's housing, commercial, and infrastructure needs. PFA is a key component in the production of phenol-formaldehyde resins used in engineered wood products, such as plywood and particleboard.
- The growing concerns about environmental sustainability and the adoption of bio-based materials are driving the development and commercialization of bio-based alternatives to traditional formaldehyde-based products like PFA.
- The market is also expanding due to the growing utilization of PFA in the textile industry for crease-resistance and wrinkle-free treatment of fabrics. According to the IMARC Group’s report the global textile industry is expected to reach US$ 1,445.4 Billion by 2032.
Paraformaldehyde (PFA) News
The report covers the latest developments, updates, and trends impacting the global paraformaldehyde (PFA) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in paraformaldehyde (PFA) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the paraformaldehyde (PFA) price trend.
Latest developments in the paraformaldehyde (PFA) industry:
- In 2024, Evonik’s Coating & Adhesive Resins Business Line achieved a significant reduction in carbon emissions by powering the production of DEGACRYL® specialty acrylates in Darmstadt with electricity from renewable sources.
- In 2023, Merck invested € 23 Million to expand cell culture media production in Kansas, USA.
Product Description
PFA is formaldehyde polymer which is a white crystalline solid substance. It is usually supplied in powder form and needs to be dissolved in water before use in several applications. It is used in adhesives applications, particularly in industries that demand higher bonding strength, such as the automotive and aerospace industries. It is used in the agriculture sector as a soil fumigant and as a component in certain crop protection products.
PFA is also utilized as a raw material in the production of thermosetting resins with particular focus on phenol-formaldehyde resins used in the fabrication of plywood, particle boards, and other products derived from timber. Besides this, it is employed in the sterilization of utensils and in preserving biological samples.
Regional Coverage
The report provides a detailed analysis of the paraformaldehyde (PFA) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the paraformaldehyde (PFA) price trend.
Global Paraformaldehyde (PFA) Price
The report offers a holistic view of the global paraformaldehyde (PFA) pricing trends in the form of paraformaldehyde (PFA) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into paraformaldehyde (PFA) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into paraformaldehyde (PFA) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed paraformaldehyde (PFA) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Paraformaldehyde (PFA) Price
Paraformaldehyde in Europe remained consistently available due to plentiful supplies in the market. The surplus supply caused production units to adapt their production levels to achieve a harmonious approach. Market basics stayed low, with most transactions occurring out of necessity. Inflation and economic challenges led to a decrease in market activity due to a drop in demand from downstream sources. The manufacturing sector experienced weakened demand due to the project delays, leading to stagnant exports from Spain to other regions. At the close of the quarter, market movements remained largely horizontal, indicating limited interest in buying and minimal upward price momentum.
This analysis can be extended to include detailed paraformaldehyde (PFA) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Paraformaldehyde (PFA) Price
During Q4 2023, the market faced lackluster trading conditions due to low demand and reduced exports to international markets. A surplus of raw materials caused manufacturers further down the supply chain to decrease their production, resulting in a buildup of inventory and causing prices to fall. The demand in the market was low due to minimal orders from the adhesive and preservative industries, which were also affected by sluggish purchasing trends. A steady methanol market also maintained low price levels. In December, prices in the U.S. market dropped as there was little demand for spot purchases since there was already plenty of stock available, reducing the necessity for more supplies.
Specific paraformaldehyde (PFA) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Paraformaldehyde (PFA) Price
The report explores the paraformaldehyde (PFA) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on paraformaldehyde (PFA) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Paraformaldehyde (PFA) Price
In the final quarter of 2023, the market in North America encountered subdued trading conditions, driven by weak offtake and diminished export levels to overseas markets. An excess of raw materials prompted downstream producers to reduce their production activities, leading to an accumulation of inventory and creating downward pressure on prices. The American market showed low demand, with minimal orders from the preservative and adhesive industries, further hampered by slow purchasing trends. A stable methanol market also kept price levels suppressed. By December, the U.S. market saw a decline in prices, with limited interest in spot purchases due to the availability of ample stock, lessening the need for additional supplies.
This paraformaldehyde (PFA) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Paraformaldehyde (PFA) Price
The analysis of paraformaldehyde (PFA) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Paraformaldehyde (PFA) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Paraformaldehyde (PFA) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of paraformaldehyde (PFA) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting paraformaldehyde (PFA) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The paraformaldehyde (PFA) price charts ensure our clients remain at the forefront of the industry.
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