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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1055796

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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1055796

Formaldehyde Market: Current Analysis and Forecast (2021-2027)

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The global formaldehyde market was stood around USD 6 billion in 2020 and is expected to showcase a growth of over 5% during the forecast period (2021-2027). Demand of formaldehyde depends on the country's economic performance since formaldehyde is used in myriad of applications therefore with increasing growth in industries like automotive, construction, consumer goods, to name a few, demand of formaldehyde increase and vice-versa. For instance, according to Methanol Institute, wide range of uses for formaldehyde make it essential for the operations of nearly 50,000 product manufacturing facilities in the U.S. alone. Further, countries like U.S., China, India, Japan, Germany, and South Korea are among the largest construction, consumer goods, and automotive market, and these industries had showcased considerable growth in the last few years, except automobile, as a result demand of formaldehyde also witnessed considerable growth. Moreover, it is expected that developing countries like India would witness considerable growth during the forecast period owing to increasing foreign investment, new schemes launched by the governments like product link incentives scheme, which would encourage foreign companies to establish their manufacturing facilities in the country.

Insights Presented in the Report

"Amongst production process, silver catalyst held prominent share in the market in 2020."

Based on production process, the market is bifurcated into silver catalyst and metal oxide catalyst. Of both, silver catalyst held the significant share in the market in 2020. Because the silver is not affected by the reaction, it is almost completely recovered after it is used, so making it economically superior. Further, silver catalyst is a much more conventional method owing to which many companies are using this technology for the production of formaldehyde 

"Amongst derivative, urea formaldehyde (UF) held prominent share in the market in 2020."

Based on derivatives, the market is categorized into UF, PF, polyoxymethylene, pentaerythritol, MDI, 1,4 BDO, paraformaldehyde, hexamine, and others. Among these, UF accounted for significant share in the market. Due to its properties like high tensile strength, high flexural modulus, high heat-distortion temperature, and low water absorption it is used in large number of products like adhesives, plywood, particle board, medium-density fiberboard (MDF), and molded objects.

"Asia-Pacific captured significant position in the formaldehyde market"

For a better understanding of the market adoption of formaldehyde, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific held the significant share in the market owing to large manufacturing industry such as construction, automotive, and consumer goods to name a few. As a result, demand of several products like photographic film, paper towels, cosmetics, carpeting, furniture, cabinets, paints, automotive components, wood-based products is large compared to other regions. Eventually, demand of formaldehyde to produce aforementioned products is high in the region.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country level analysis of the industry

Customization Options:

The global formaldehyde market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Product Code: UMCH21631

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stake Holders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Formaldehyde Market
  • 2.2. Research Methodology of the Formaldehyde Market
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Formaldehyde Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL FORMALDEHYDE MARKET COVID-19 IMPACT

6 GLOBAL FORMALDEHYDE MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCTION PROCESS

  • 7.1. Silver Catalyst
  • 7.2. Metal Oxide Catalyst

8 MARKET INSIGHTS BY DERIVATIVE

  • 8.1. Urea Formaldehyde (UF)
  • 8.2. Phenol Formaldehyde (PF)
  • 8.3. Polyoxymethylene
  • 8.4. Pentaerythritol
  • 8.5. Methylene Diphenyl Diisocynate (MDI)
  • 8.6. 1,4 Butanediol (1,4 BDO)
  • 8.7. Paraformaldehyde
  • 8.8. Hexamine
  • 8.9. Others

9 MARKET INSIGHTS BY APPLICATION

  • 9.1. Resins
  • 9.2. Textile Treatment
  • 9.3. Vulcanization Accelerators
  • 9.4. Poly urethane foams
  • 9.5. Explosives
  • 9.6. Paint Resins
  • 9.7. Pesticides
  • 9.8. Elastic Fibers
  • 9.9. Synthetic Lubricants
  • 9.10. Plasticizers
  • 9.11. Household/Electronic Appliances

10 MARKET INSIGHTS BY END-USE

  • 10.1. Consumer Products
  • 10.2. Automotive
  • 10.3. Healthcare
  • 10.4. Construction
  • 10.5. Textile
  • 10.6. Chemical & Petrochemical
  • 10.7. Agricultural
  • 10.8. Others

11 MARKET INSIGHTS BY REGION

  • 11.1. North America Formaldehyde Market
    • 11.1.1. United States
    • 11.1.2. Canada
    • 11.1.3. Rest of North America
  • 11.2. Europe Formaldehyde Market
    • 11.2.1. Germany
    • 11.2.2. France
    • 11.2.3. United Kingdom
    • 11.2.4. Spain
    • 11.2.5. Rest of Europe
  • 11.3. Asia Pacific Formaldehyde Market
    • 11.3.1. China
    • 11.3.2. Japan
    • 11.3.3. India
    • 11.3.4. Australia
    • 11.3.5. Rest of Asia Pacific
  • 11.4. Rest of World Formaldehyde Market

12 FORMALDEHYDE MARKET DYNAMICS

  • 12.1. Market Drivers
  • 12.2. Market Challenges
  • 12.3. Impact Analysis

13 FORMALDEHYDE MARKET OPPORTUNITIES

14 FORMALDEHYDE MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

  • 16.1. Demand Side Analysis
  • 16.2. Supply Side Analysis
    • 16.2.1. Top Product Launches
    • 16.2.2. Top Business Partnerships
    • 16.2.3. Top Business Expansions, Investments and Divestitures
    • 16.2.4. Top Merger and Acquisitions

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

  • 18.1. Competitive Landscape
    • 18.1.1. Porters Fiver Forces Analysis
      • 18.1.1.1. Bargaining Power of Buyer
      • 18.1.1.2. Bargaining Power of Supplier
      • 18.1.1.3. Intensity of Rivalry
      • 18.1.1.4. Threats of New Entrant
      • 18.1.1.5. Threat of Substitute
    • 18.1.2. Company Shares, by Revenue

19 COMPANY PROFILED

  • 19.1. Dynea Oy
  • 19.2. Celanese Corporation
  • 19.3. Perstorp Group
  • 19.4. BASF SE
  • 19.5. Georgia-Pacific Chemicals
  • 19.6. Alder S.p.A
  • 19.7. Hexion
  • 19.8. Foremark Performance Chemicals
  • 19.9. Balaji Formalin Private Limited
  • 19.10. Kanoria Chemicals & Industries Ltd.

20 DISCLAIMER

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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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