Resins application in paraformaldehyde market to see 5% CAGR to 2024
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Mittwoch, Juli 25, 2018
Increasing demand for power boats, speed boats, sail boats and cruise ship will effectively contribute towards paraformaldehyde market by 2024.
Key Points:
- Increasing demand for power boats, speed boats, sail boats and cruise ship will effectively contribute towards paraformaldehyde market by 2024.
- Moreover, the product finds widespread application in pharmaceuticals, shooting & lithography, consumer goods, and chemical synthesis which will subsequently drive paraformaldehyde market by 2024.
- The resins application segment contributed a major portion which accounted for over 45% of the total paraformaldehyde market in 2016.
- Presence of key automobile players in the Europe will lead to increasing paraformaldehyde application as resin in manufacturing variety of auto parts which will subsequently boost paraformaldehyde market in the region by 2024.