Other Services - Global Formaldehyde Market

Published on June 3, 2019
Published by NileshMaximize
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4100.00 Dollar US$

Description of item

Global Formaldehyde Market was valued US$ 24.59 Bn in 2017 and is expected to reach US$ 36.61 Bn by 2026, at a CAGR of 5.1 % during a forecast period.

Global Formaldehyde Market

The global consumption of formaldehyde is increasing as it is being used on a large scale for construction and remodeling activity and furniture production. Due to the excellent thermal and chemical resistance, formaldehyde-based resins are being used in manufacturing airplane and automobile parts. Formaldehyde is also being used in manufacturing anti-infective drugs, hard-gel capsules, and vaccines. Some of the prominent trends that the market is witnessing include increasing demand for pharmaceutical and cosmetics industry, high investment in R&D.


Based on application, the resins segment is expected to contribute major revenue share to the global market and is expected to maintain its dominance over the forecast period. Formaldehyde is used on a large scale in the production amino resins such as melamine-formaldehyde resin, urea-formaldehyde resin and urea-melamine formaldehyde resin. These resins are being used on a large scale in furniture and construction industries owing to its resistance to moisture and incredible adhesive strength.

Key players operating in the global formaldehyde market are Johnson Matthey Process Technologies, Foremark Performance Chemicals, Huntsman International LLC, Momentive Specialty Chemical Inc., Dynea AS, Alder S.p.A, Georgia-Pacific Chemicals LLC, Perstorp Orgnr, Celanese AG, and BASF SE.
Scope of Global Formaldehyde Market:

Global Formaldehyde Market, by Derivatives:

• Urea Formaldehyde Resins & Concentrates
• Phenol Formaldehyde Resins
• Polyoxymethylene/ Polyacetal
• Pentaerythritol
• Methylene Diphenyl Diisocyanate
• 1,4 Butanediol
• Paraformaldehyde
• Hexamine
• Melamine Formaldehyde Resin
• Other Derivatives


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Report Published by: Maximize Market Research