BASF reports higher sales and earnings
Growing urbanization is inherently causing a demand in various walks of life, like agrochemicals, medicine, papermaking etc.
And a common element in all is the chemical component paraformaldehyde. The smallest polyoxymethylene, the polymerization product of polyformaldehyde with a typical degree of polymerization of 8— units.
It is a major substitute of aqueous formaldehyde to produce binding material and is also a potential carcinogen. Explore More Information about report https: China, majorly, because of its unprecedented growth in all fields has boosted the demand to a great deal, with Europe, Latin America and Middle East following closely.
Industry wise, especially, the growth of the shipping industry and the agrochemical industry has increased the demand for the chemical. Request free sample https: The arrival of genetically modified crops, rising need for resins and technology advancement, in general, are key reasons for the growth of the chemical.
However, to the other side of the coin, there is also a serious issue with the sanction of anything catering to the glyphosate market. Use of the chemical in the agrochemical industry has been known to cause harmful health hazards.
However, that is soon changing with the paraformaldehyde market transcending horizons to be incorporated in various applicable markets. Some of the key players in Global Paraformaldehyde Market: Nantong Jiangtian Chemical Co.
The increase in its applicability is further increasing the need for the paraformaldehyde market. Lately, its usage in the medical department due its disinfectant properties has caused an uproar among many. Known to be a fixative tissue for cells, the paraformaldehyde has witnessed a major boom in the western world.
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