Formalin (Formaldehyde (37%)) (H2CO) is the water-based solution of formaldehyde gas comprising 37% formaldehyde by weight, and the rest is water and other contaminants. It appears to be a clear, colourless liquid and has a strong displeasing, pungent, irritating smell.
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It is a highly reactive compound that is extremely dangerous and hazardous to health. It has a molecular weight of 30.03 g/mol and a density of 1.09 g/cm³.
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 trend, 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 is widely used for a series of industrial and medical applications such as biological specimen preservation in the field of life sciences and research, as a disinfectant, and to produce various products like polymers, adhesives, plastics, resins, and textiles. Furthermore, it is used in the food and pharmaceutical sectors as a sterilising agent that eradicates viruses, bacteria, or microbes. When combined with urea, it makes urea-formaldehyde resin which has wide application in end-user industries like automotive, construction, and packaging. Also, it helps boost the material’s strength and durability in the textile industry and serves as a finishing agent which improves the fabric’s colour fastness.
Key Players:
- BASF SE
- 3M
- Bayer AG
- Celanese Corporation
- DuPont
- Dynea AS
- Georgia-Pacific Chemicals
- Huntsman International LLC
- Merck KGaA
News & Recent Development
- 29th May 2023- Collaborators from the University College London, The University of Hong Kong (HKU), and Tsinghua University together created an extremely active and selective catalytic material which converts methane (a greenhouse gas) to formaldehyde with great efficiency.
Read Also: https://cityoftips.com/2023/06/08/fluorite-price-chart/
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