We are in compliance with GDPR & CCPR norms. Key formaldehyde market trends of the resins such as superior water resistance and dimensional stability further increases their use in the production of wood panels and particle board. Dynea Oy, BASF SE, Huntsman Corporation, Balaji Formalin, Bayer AG, Georgia-Pacific Chemicals, Perstorp, Chemique Adhesives, Hexion, Celanese Corporation, Foremark Performance Chemicals, Ercros S.A., Chemanol, LyondellBasell, Alder S.p.A. are some of the top contributors in the industry. Technavio has announced its … Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. Formaldehyde is typically formulated from methanol which is predominantly used in synthesis of resins. The reports on formaldehyde market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". MF resins are used in furnishing applications which require contact with water such as exterior grade panel products and kitchen furniture. It enables to the manufacturing of long-lasting furniture at reduced costs as compared to wood. SI group has invested about USD 20 million in 2017 to expand its presence in the formaldehyde industry and positioning in the global market. Key drivers for formaldehyde market include the growth of its application in various industries such as construction, automobile, and textile industry. SI Group, a manufacturer of chemical intermediates & specialty resins in 2017 completed its construction of new, state-of-the-art manufacturing plant in Brazil. This report provides an in-depth analysis of the formaldehyde market in Malaysia. These derivatives find applications in glues & adhesives, coatings, fiberboard and certain insulation materials. Pentaerythritol is a widely used derivative form and acts as a building block in several architectural paints & coatings applications as it can withstand elevated temperatures and dries rapidly to form surface coatings with high gloss. Based on the application, the paint segment registered a significant market share in 2018 and is projected to record a remarkable growth rate throughout the forecast period. Formaldehyde Market, Size, Share, Outlook and Growth Opportunities 2019-2025 Formaldehyde market outlook report presents key insights into global Formaldehyde markets and companies with emphasis on market size, growth factors, R&D investments, market shares and 2019 market dynamics. PF resins are expected to dominate the overall formaldehyde market majorly on account of its high consumption rates and demand for industrial and consumer-oriented products. India 12.2.5. Key participants in the global formaldehyde market include Dynea Oy, Bayer AG, Celanese Corporation, BASF SE, Perstorp Formox AB, Georgia Pacific Corporation, Momentive Specialty Chemical Inc., Huntsman Corporation, and more. Global formaldehyde market consists of players such as BASF SE, Huntsman Corporation, Bayer AG, Georgia-Pacific Chemicals, Hexion and Foremark Performance Chemicals. Design an exclusive study to serve your research needs. online dashboard trial. The U.S. EPA has issued stringent guidelines to be followed to ensure the safety of the workforce and avoid potential damage to lungs, nose, skin, reproductive systems problems, and cancer. This constituted a major portion of its application and the rest is followed by formaldehyde usage in the fertilizer sector and in producing various disinfectants and preservatives. GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. Key formaldehyde market applications include PF resins, UF resins, MF resins, polyacetal resins, pentaerythritol, 1,4-butanediol, and methylenebis. These formaldehyde-based paints are utilized in furniture, construction and automotive industries. The product owing to its superior physical & chemical properties is used in various building materials & household products formulations as it acts as a preservative and offers high bonding properties. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Global Formaldehyde Market was valued US$ 24.59 Bn in 2019 and is expected to reach US$ 36.61 Bn by 2027, at a CAGR of 5.1 % during a forecast period 2020-2027. Please fill out the form below for a free PDF report sample & They are widely used in cosmetics, wherein the compound acts as antimicrobial agent as well as a preservative. Get your queries resolved from an industry expert. The formaldehyde market opportunities in North America are increasing owing to its high versatility, effective adhesion and economic feasibility. 1.3.3 Japan Formaldehyde (Cas 50-00-0) Market Size and Growth Rate of Oxidation of Dimethyl Ether from 2014 to 2026. Formaldehyde Market is anticipated to reach USD XX.X MN by 2026, this market report provides the growth, trends, key players & forecast of the market based on in-depth research by industry experts. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. Global “Formaldehyde Market” Research Report 2020–2026 is a historical overview and in-depth study on the current & future market of the Formaldehyde industry. Formaldehyde is produced close to the consumption area, owing to issues in transportation over long distances. The Urea Formaldehyde market is analysed and market size information is provided by regions (countries). Automotive industry requires long-lasting adhesive solutions to ensure that the vehicle offers high performance and provides effective abrasion resistance. October 20, 2020 01:00 PM Eastern Daylight Time LONDON-- (BUSINESS WIRE)--The global formaldehyde market size is poised to grow by 7.56 million tons during 2020-2024, progressing at … Similarly, in terms of its involvement in the agriculture industry, the compound is majorly used as a fumigant and also as a fungicide and germicide. New Jersey, United States: Market Research Intellect has added a new report to its huge database of research reports, entitled “ Formaldehyde Market Size and Forecast to 2027 “. Other regions such as Europe and Latin America are expected to witness steady demand growth. The formaldehyde market value will help the company to strengthen its positioning in the chosen market and develop new product innovations. These resins are widely used as adhesives & high-quality coatings in plywood, wood panels and other furniture applications. Formaldehyde is extensively used in the manufacturing of lightweight resins which find applications in automotive market. For example, Celanese Corporation, a manufacturer of chemical & specialty materials offers formaldehyde for use in several vehicle interior applications. Rising demand for adhesives & coatings in furniture, automotive, textile & construction industries and growing shift towards high performance additives which help improve the overall efficiency shall boost the market demand. The report includes country-wise and region-wise market size for the period 2015-2026. The "Global Formaldehyde Market Size Forecast to 2028 - Trends, Analysis and Outlook by Type, Application, and Geography" report has been added to ResearchAndMarkets.com's offering.. Get more details on this report - Request Free Sample PDF. In addition, these products are also used in speaker grills, sunroof systems, window winders and mirrors as they contribute to the low weight of the vehicle. Urea-formaldehyde resin derivative segment is expected to reach a market value of ~ US$ 2.3 Bn and hold a market share of ~26% in 2020. New Jersey, United States: Verified Market Research has added a new report to its huge database of research reports, entitled “ Formaldehyde Market Size and Forecast to 2027 “. Click & get a FREE sample Report in MINUTES Formaldehyde Market Report: Trends, Forecast, and Competitive Analysis. Our customers rely on us to produce accurate, reliable and timely information. The formaldehyde market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons revenue in USD from 2015 to 2026, for the following segments: The above information has been provided for the following regions and countries: Need a Discount? Global Urea Formaldehyde Market by Applications (Particle Boards, Plywood, Adhesives and Coatings, Decorative Laminates, and Molding Compounds) and Regions (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America)-Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026. The global formaldehyde market size is poised to grow by 7.56 million tons during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The global market size, share along with drivers and restraints are covered in the formaldehyde market report Adoption of these derivatives as raw material in the production of auto components significantly enhances the fuel efficiency and helps in achieving high performance output. Formaldehyde is an important feedstock component for production urea-alkyd resins, which find applications mainly for the output of binding materials for medium density plywood and particle boards. Formaldehyde derivatives in paints & coatings applications offer superior functionality, versatility, and unique chemical properties. The global formaldehyde market size is expected to grow by 7.56 million tons during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. Absolute $ Opportunity Assessment by Country 12.4. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. The report offers a comprehensive assessment of the market including insights, historical data, facts, and industry-validated market data. Japan 12.2.3. Formaldehyde Market Size And Forecast. The product operates as a chemical combination of urea and formaldehyde which is not poisonous in nature which further increases its application outlook in several industries. Formaldehyde Market 2020 : Top Countries Data, Market Size, Share Analysis to 2026 Business Opportunities and Growth Forecast Published: Sept. 9, 2020 at 5:38 a.m. They can be customized easily to impart chemical & heat resistant characteristics which makes them compatible for the production of doors, windows and wall linings. The report offers a comprehensive assessment of the market including insights, historical data, facts, and industry-validated market … Key factors driving the formaldehyde market growth are attributed to extensive focus on research & development which has enabled manufacturers to utilize hi-tech manufacturing processes to improve the quality and cost affordability of the raw materials produced. The report will account for Covid19 as a key market contributor. Formaldehyde is produced from methanol, which is the primary raw material. Formaldehyde Market was valued at USD 24.95 Billion in 2019 and is projected to reach USD 36.62 Billion by 2027, growing at a CAGR of 4.9 % from 2020 to 2027.. Previously in 2018, the formaldehyde market size was valued at USD xx million and expected to project the growth of worth USD xx million in 2025 during the forecast period. The Global Formaldehyde Market report provides a holistic evaluation of the market for the forecast period. 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