Report Feature
The future of the formaldehyde market looks promising with opportunities in the construction, automotive, cosmetics, and furniture. The global Formaldehyde market is expected to grow with a CAGR of 2%-4% from 2020 to 2025. The major drivers for this market are increasing consumer awareness, growth in the building and construction industry, and growing demand from furniture sector.
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The study includes trends and forecast for the global formaldehyde market by derivative type, application, and region as follows:
By Derivative Type [Value ($ Million) shipment analysis for 2014 – 2025]:
- Urea Formaldehyde (UF) resins
- Phenol-Formaldehyde (PF) resins
- MF resins
- Polyacetal resins
- 1,4-butanediol
- Pentaerythrito
- Methylenebis
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
- Fibers
- Solvents
- Plasticizers
- Drying agents
- Resins
- Other chemical intermediaries
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Russia
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
- Brazil
Some of the formaldehyde companies profiled in this report include BASF SE, Bayer Crop Science, Celanese AG, Dynea AS, Foremark Performance Chemicals, Georgia-Pacific Chemicals LLC, Huntsman International LLC. In this market, Urea Formaldehyde (UF) resins, Phenol-Formaldehyde (PF) resins, MF resins, polyacetal resins, 1,4-butanediol, pentaerythritol, and methylenebis are the major derivative types. Lucintel forecasts that phenol-formaldehyde (PF) resins will remain the largest segment over the forecast period because of its high demand and consumption rate for laminate, plywood, and wood processing.
Within this market, fibers, solvents, plasticizers, drying agents, resins, and other chemical intermediaries are the major application of formaldehyde. Resin will remain the largest segment by application type over the forecast period because formaldehyde-based resins are used in the textile industry to help binding of dyes and pigments to fabrics and prevent colors from running when clothes are washed.
Asia-Pacific is expected to witness the highest growth over the forecast period because of the growing population, expanding middle class, and increasing disposable income of consumers across the region is expected to drive the building & construction sector.
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Features of the Global Formaldehyde Market |
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This report answers following key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global Formaldehyde market by derivative type (Urea Formaldehyde (UF) resins, Phenol-Formaldehyde (PF) resins, MF resins, polyacetal resins, 1,4-butanediol, pentaerythritol, and methylenebis), application (fibers, solvents, plasticizers, drying agents, resins, and other chemical intermediaries), and region (North America, Europe, Asia Pacific, and Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global Formaldehyde market? Q.5 What are the business risks and threats to the global Formaldehyde market? Q.6 What are emerging trends in this Formaldehyde market and the reasons behind them? Q.7 What are some changing demands of customers in this Formaldehyde market? Q.8 What are the new developments in this Formaldehyde market? Which companies are leading these developments? Q.9 Who are the major players in this Formaldehyde market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in this Formaldehyde market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the global Formaldehyde market? |
Report Scope
| Key Features | Description |
| Base Year for Estimation | 2019 |
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Trend Period (Actual Estimates) |
2014-2019 |
| Forecast Period | 2020-2025 |
| Pages | More than 150 |
| Market Representation / Units | Revenue in US $ Million |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | Derivative type (Urea Formaldehyde (UF) resins, Phenol-Formaldehyde (PF) resins, MF resins, polyacetal resins, 1,4-butanediol, pentaerythritol, and methylenebis), Application (fibers, solvents, plasticizers, drying agents, resins, and other chemical intermediaries), |
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Regional Scope |
North America (United States, Canada, Mexico), Europe (United Kingdom, Germany, France, Italy, Russia, Spain), Asia Pacific (China, Japan, India, South Korea), ROW (Brazil ) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
1. Executive Summary
4.1 Global Formaldehyde Market by Region
4.2.1 Market by Derivative Type: Urea Formaldehyde (UF) resins, Phenol-Formaldehyde (PF) resins, MF resins, polyacetal resins, 1,4-butanediol, pentaerythritol, and methylenebis
4.2.2 Market by Application: fibers, solvents, plasticizers, drying agents, resins, and other chemical intermediaries
4.2.3 The United States Formaldehyde Market
4.2.4 The Canadian Formaldehyde Market
4.2.5 The Mexican Formaldehyde Market
4.3.1 Market by Derivative Type: Urea Formaldehyde (UF) resins, Phenol-Formaldehyde (PF) resins, MF resins, polyacetal resins, 1,4-butanediol, pentaerythritol, and methylenebis
4.3.2 Market by Application: fibers, solvents, plasticizers, drying agents, resins, and other chemical intermediaries
4.3.3 The United Kingdom Formaldehyde Market
4.3.4 The German Formaldehyde Market
4.3.5 The French Formaldehyde Market
4.3.6 The Italian Formaldehyde Market
4.3.7 The Russian Formaldehyde Market
4.3.8 The Spain Formaldehyde Market
4.4.1 Market by Derivative Type: Urea Formaldehyde (UF) resins, Phenol-Formaldehyde (PF) resins, MF resins, polyacetal resins, 1,4-butanediol, pentaerythritol, and methylenebis
4.4.2 Market by Application: fibers, solvents, plasticizers, drying agents, resins, and other chemical intermediaries
4.4.3 The Chinese Formaldehyde Market
4.4.4 The Japanese Formaldehyde Market
4.4.5 The Indian Formaldehyde Market
4.4.6 The South Korea Formaldehyde Market
4.5.1 Market by Derivative Type: Urea Formaldehyde (UF) resins, Phenol-Formaldehyde (PF) resins, MF resins, polyacetal resins, 1,4-butanediol, pentaerythritol, and methylenebis
4.5.2 Market by Application: fibers, solvents, plasticizers, drying agents, resins, and other chemical intermediaries
4.5.3 The Brazilian Formaldehyde Market
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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