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Paraformaldehyde (PFA)

Paraformaldehyde (PFA) Prices Overview

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Paraformaldehyde (PFA) Prices Overview

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Market Overview

Quarterly Update on Global Paraformaldehyde (PFA) Market

For the Quarter Ending December 2020

Asia

In Q4 2020, China witnessed sharp recovery in industrial and domestic activities post significant revival from COVID 19. Market sentiments were up, with respect to high demand for upstream Methanol and feedstock Formaldehyde. However ample inventories of the product led to rise in its prices. In China, price of upstream Methanol fluctuated in between 260-280 USD per tonne, this rise came due to supply shortage of upstream Methanol from Iran amid winter. Meanwhile in Indian market, prices of Paraformaldehyde witnessed steep climb in line with values of feedstock Formaldehyde. The prices of feedstock Formaldehyde rose from 147.5 USD/tonne (October 2020) to 205.1 USD/tonne (December 2020) in India. This rise came after shortage of Formaldehyde due to multiple plant shutdowns in North India under government compliance, as these plants were allegedly running without proper environmental clearance.

Europe

During Q4 2020, European market faced shortage of several feedstock chemicals to produce downstream products. Supply of Paraformaldehyde was also disturbed amid the shortage of upstream Methanol. This shortage of Methanol occurred due to a fire accident in Equinor’s major methanol plant in Norway, which consolidates around 25% of the total methanol production of Europe. This plant has a huge capacity of 900,000 tonne/year of Methanol. This shortage consequently led to rise in prices of feedstock Formaldehyde, PFA, and other derivative products.

North America

Demand for PFA, Formaldehyde, and Methanol remained firm during Q4 2020, driven by the downstream demand from the Asian market with post recovery from COVID 19. Although the supply remained tight due to unplanned shutdowns and force majeure due to multiple hurricanes during the fourth quarter. Besides, the demand for PFA from domestic sector gradually improved in Q4 compared to the prior quarter which directly impacted its prices in the regional market.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Paraformaldehyde (PFA) is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Paraformaldehyde (PFA) market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Paraformaldehyde (PFA) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Paraformaldehyde (PFA) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Paraformaldehyde (PFA) market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Paraformaldehyde (PFA) are analyzed and region-wise demand pattern is tracked.

About

Paraformaldehyde (PFA) is a polyoxymethylene which is also called polyacetals. It is a polymer of Formaldehyde with 8-10 degree of polymerisation. Production of PFA starts from taking aqueous solution of Formaldehyde of about 40% to 55% purity. This solution is then concentrated up to 85%, followed by condensation and dewatering. Condensed solution is later taken out for polymerisation and drying in a special drying equipment. In the final step, after cooling Paraformaldehyde is formed. PFA is widely used for manufacturing resins, like Phenolic resins, Amino resins and many other surface coating resins. In addition, PFA is used in paper industries for coating, in leather industry for making chemical preservative and in fertilizers industries. PFA is also used for pest control and as a disinfectant in industries as well as in homes.

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Paraformaldehyde (PFA) Prices Overview