The paraformaldehyde price trend has been a critical area of focus for industries using formaldehyde-based products, such as plastics, resins, agrochemicals, and disinfectants. Paraformaldehyde is an essential solid polymer of formaldehyde, mainly used in the manufacture of chemicals, textile finishes, and as a disinfectant in various industrial applications. It is produced through the polymerization of formaldehyde, making it an important feedstock for several downstream industries.
For industries involved in paraformaldehyde procurement or manufacturing, understanding price trends and the factors influencing them is essential for cost management and supply chain decisions. This article takes a closer look at the paraformaldehyde price trends in 2025, analyzing the quarterly data from 2024 and Q1 2025, market forecasts, key factors driving demand, and an overview of the top suppliers globally.
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Q1 2025 Paraformaldehyde Price Trend: Stable with Regional Variations
In the first quarter of 2025, the price of paraformaldehyde remained relatively stable but exhibited slight regional variations driven by demand from key industries, supply chain dynamics, and raw material costs.
In North America, paraformaldehyde prices were around $1,200 to $1,250 per metric ton, reflecting steady demand from the plastics and resin manufacturing sectors. Although the market remained stable, logistical costs and rising energy prices contributed to slight increases in production costs.
In Europe, prices were slightly higher, ranging from $1,250 to $1,300 per metric ton, due to increased demand from the textile and construction sectors, where paraformaldehyde is used in the production of resins and coatings. The region also faced some supply disruptions in the first quarter due to higher raw material prices, particularly methanol, a key feedstock.
In Asia-Pacific, China continued to be the largest producer and consumer of paraformaldehyde. Prices in the region ranged from $1,100 to $1,150 per metric ton in Q1 2025. The lower price point was largely due to local overcapacity and domestic production, which helped stabilize costs. However, demand from agrochemical manufacturers and plastics kept the market somewhat buoyant.
The Middle East saw the most competitive pricing in Q1, with prices averaging $1,050 to $1,100 per metric ton due to lower production costs and proximity to key markets in Asia. However, regional instability occasionally impacted logistics, causing price fluctuations.
Quarterly Price Trends of Paraformaldehyde in 2024
Q1 2024: Price Stability
In the first quarter of 2024, paraformaldehyde prices were relatively stable across all regions, with North American prices averaging around $1,180 per metric ton. Europe saw similar prices at $1,240 per metric ton due to steady demand in textiles and resins. Meanwhile, in Asia, prices hovered between $1,100 to $1,140 per metric ton as Chinese production kept prices in check.
Q2 2024: Price Increase Due to Feedstock Cost Surge
In Q2 2024, paraformaldehyde prices saw a slight increase across all regions due to rising methanol prices and logistical issues. North America saw prices climb to $1,250 per metric ton, and European prices moved up to $1,300 per metric ton. In Asia, China saw price increases of about 5% to reach $1,150 per metric ton, driven by both feedstock issues and seasonal demand from the textile and agrochemical sectors.
Q3 2024: Market Volatility
The third quarter of 2024 saw price volatility, with North American prices reaching up to $1,300 per metric ton. The rise was mainly driven by an uptick in demand from the construction and automotive industries, where paraformaldehyde-based resins are heavily used. Meanwhile, European prices surged to $1,350 per metric ton due to supply shortages from key manufacturers and maintenance shutdowns.
In Asia, Chinese manufacturers faced supply constraints, leading to prices reaching $1,200 per metric ton by late August. Meanwhile, in India, price levels were slightly lower, around $1,150 per metric ton, due to robust local production and limited reliance on imports.
Q4 2024: Price Correction
In Q4 2024, prices for paraformaldehyde began to stabilize and correct themselves after a period of volatility. North American prices dropped to $1,240 per metric ton, while European prices adjusted to $1,290 per metric ton. Meanwhile, Asia saw price stabilization at around $1,150 per metric ton, as production capacity resumed, and the supply chain issues eased.
Paraformaldehyde Market Forecast & CAGR Outlook
Looking ahead to 2025, the paraformaldehyde market is expected to experience moderate growth, with a Compound Annual Growth Rate (CAGR) of 4.2% from 2025 to 2030. This growth is expected to be driven by increasing demand for resins in the automotive, construction, and textile industries, as well as the growing importance of paraformaldehyde in agrochemicals and disinfectants.
Despite global price fluctuations and the ongoing challenges of rising raw material costs, the demand for paraformaldehyde from key sectors will continue to rise, particularly in developing markets such as India, China, and Southeast Asia, where industrial expansion is robust.
Factors Driving the Paraformaldehyde Market in 2025
Demand for Resins and Adhesives
Paraformaldehyde is a key ingredient in the production of urea-formaldehyde resins and phenolic resins, which are used extensively in construction, automotive, and furniture industries. As demand for these products continues to rise globally, especially in developing countries, it is expected to drive up the consumption of paraformaldehyde.
Agricultural Applications
Paraformaldehyde is also used in the production of agrochemicals and fertilizers, making it crucial for crop protection and soil fumigation. With the growing need to feed a global population and increasing agricultural activities in Asia-Pacific, demand for paraformaldehyde in this sector will remain strong.
Environmental Regulations
The rising concern over formaldehyde emissions and regulatory measures regarding its use in consumer products may put pressure on the paraformaldehyde market. Companies will need to comply with more stringent environmental standards, which may lead to price increases as manufacturers adapt to these new regulations.
Regional Breakdown of Paraformaldehyde Market
North America
In North America, the paraformaldehyde market is mainly driven by demand in construction and automotive industries. However, price volatility, influenced by rising raw material costs and environmental regulations, is expected to continue in the region. Despite these challenges, stable demand from established industries will keep the market resilient.
Europe
Europe is a major consumer of paraformaldehyde, especially in the textile and resin industries. The market here faces pressures from environmental regulations and energy costs but remains robust due to high demand for specialized resins and coatings used in construction and automotive manufacturing.
Asia-Pacific
Asia-Pacific remains the largest consumer of paraformaldehyde, with China and India being the top markets. The demand for agrochemicals, plastics, and resins will continue to drive the market in these regions. Price fluctuations in methanol (the primary feedstock) and production capacity are expected to impact regional pricing.
Middle East & Africa
The Middle East has a growing paraformaldehyde market, driven by low production costs and proximity to major markets in Asia and Africa. The agrochemical and construction sectors are the largest consumers of paraformaldehyde in the region, with Saudi Arabia and United Arab Emirates being the key markets.
Top 10 Global Suppliers of Paraformaldehyde
- BASF (Germany) – A leading supplier with a strong presence in Europe, offering paraformaldehyde primarily for industrial applications.
- OCI Company Ltd. (South Korea) – Supplies a wide range of formaldehyde-based products, including paraformaldehyde, to various industries worldwide.
- Shandong Hualu-Hengsheng Chemical Co. Ltd. (China) – A major player in Asia-Pacific, specializing in paraformaldehyde production for agrochemical and resin applications.
- Hexion Inc. (USA) – Known for producing phenolic resins and paraformaldehyde, Hexion remains a key supplier in North America and globally.
- Nippon Shokubai Co., Ltd. (Japan) – A significant supplier in Asia, focusing on paraformaldehyde for specialty resins and adhesives.
- Ercros S.A. (Spain) – Supplies paraformaldehyde primarily to the European market, specializing in resins and agrochemical applications.
- Formosa Plastics Corporation (Taiwan) – One of the largest producers of formaldehyde and paraformaldehyde in the region.
- China National Chemical Corporation (ChemChina) – A major supplier in China and other Asian markets, providing paraformaldehyde for industrial and agricultural uses.
- Indo Amines Ltd. (India) – A growing supplier of paraformaldehyde in the Indian subcontinent, focusing on resins and chemicals.
- Hubei Xingfa Chemicals Group Co., Ltd. (China) – Supplies paraformaldehyde for the global market, with a strong focus on the Asian and Middle Eastern markets.
In 2025, the paraformaldehyde market will continue to grow steadily due to increased demand from construction, resins, agrochemicals, and automotive industries. Price trends will remain sensitive to feedstock costs, regional supply disruptions, and environmental regulations. As the CAGR of 4.2% suggests, the global market is on a stable growth trajectory, with significant demand from emerging markets in Asia-Pacific and India.
Whether you’re looking to stay informed on price fluctuations, supply chain trends, or the top suppliers, understanding these dynamics will help you make better decisions and manage procurement effectively.
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