Formalin (CH2O) is a colorless chemical liquid that has a strong and irritating odor, which is due to the presence of formaldehyde in the compound. With a neutral pH, it can be used as a reducing agent that is used to reduce other chemicals and produce formic acid. The melting and boiling point of Formalin measure around -19° C and -92° C, respectively.
Formalin, with a high content of formaldehyde in it, can be highly flammable in nature. It is a water-based saturated solution comprising formaldehyde gas and stabilizers such as methanol, which helps avoid polymerization of the aldehyde present in the compound.
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The key importing countries for Formalin are India, Vietnam, and Indonesia. On the other hand, the key exporting countries for the same include the United States, Vietnam, and India.
Key Details About the Formalin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Formalin price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The formalin price forecast, including India Formalin price, USA Formalin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Formalin Price Trend:
Formalin has a wide range of applications in the medical and pharmaceutical industries. It is commonly used as an industrial disinfectant that can inactivate bacteria and viruses. It is also used as a preservative at medical laboratories to preserve medical specimens from decaying. Products like antiseptics, cosmetics, and medicines use Formalin as a perseverant.
Moreover, it is used in glues, resins, textiles, dyes, building materials, automobile parts, embalming, and labs. Formalin is highly used in vaccine production and cosmetics such as deodorants, shampoo, lotions, and mascaras. The food industry also uses the compound as a preservative agent to store packaged food items.
Key Players:
- BASF SE
- 3M
- Bayer AG
- Celanese Corporation
- DuPont
- Dynea AS
- Georgia-Pacific Chemicals
- Huntsman International LLC
- Merck KGaA
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