Published On : December 2017 Pages : 110 Category: Organic Chemicals Report Code : CM12406
Industry Outlook and Trend Analysis
The Formaldehyde Market was worth USD billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. Formaldehyde is a critical feedstock segment for creation urea-alkyd resins, which discover applications basically for the yield of restricting materials for medium thickness plywood and particle sheets. Formaldehyde is widely utilized as a part of different businesses, for example, construction, plywood, automobile, and so on. Key drivers for formaldehyde market incorporate the development of its application in different enterprises, for example, textile, and automobile and construction industry. Positive attitude toward growth and construction in foundation spending has prompted an upturn in formaldehyde market interest for different support and segment applications. Formaldehyde is composed close to the usage area, inferable from issues in transportation over long distances. Developing worries for safety and health viewing human life and in addition nature are required to be key difficulties for industry participants. The United States EPA has issued strict rules to be taken after to guarantee the safety of the workforce and avert potential harm to skin, lungs, skin, conceptive frameworks issues and cancer. Aside from administrative regulations, changes in the cost of raw materials are major issues related with the formaldehyde market.
Application Outlook and Trend Analysis
Some of the major formaldehyde applications are in polyacetal resins, PF resins, UF resins, methylenebis, 1,4-butanediol, MF resins, and pentaerythritol. PF saps are foreseen to command the general formaldehyde showcase significantly by virtue of its high usage rates and interest for consumer-oriented and industrial products. As PF resins are water and heat proof, they are generally useful as a part of construction and automotive industry as composites, insulation foams, and binders. The usage of PF resins has been expanding in the oil business. Phenolic PF resins are water resistant in nature and are useful as durable binders and adhesive. Fire resistant variations are broadly used as a part of automobile ventures and construction enterprises. Developing UF resins inclination is additionally anticipated that would drive formaldehyde market development inferable from its synthetic, circular segment, and color retention and flame resistant elements alongside the capacity to be used in aqueous suspension.
End User Outlook and Trend Analysis
Construction is a major end-use industry for the market, where resins are useful for making laminator countertops, insulation, cabinet doors and medium density fiberboard. It empowers the production of sustainable furniture at lessened expenses when in comparison with wood. Resins enable reusing of old furniture to give excellent reused wood products which help in lessening the negative effect on the atmosphere also. The demand of Formaldehyde market is foreseen to be driven in the automotive business, as resins and different materials for use as shifting auto segments having properties of high quality and scraped abrasion resistance.
Regional Outlook and Trend Analysis
The recuperating North American market has hinted at consistent demand in different fragments. Asia Pacific is foreseen to add to formaldehyde market development with its rising development and automotive markets. Different locales, for example, Europe and Latin America are foreseen to witness unfaltering interest development.
Competitive Insights
The leading players in the market are Georgia-Pacific, Bayer Cropscience Limited, BASF, Formox AB, Momentive Specialty Chemical Inc, Formox AB, Dynea Oy and Huntsman Corporation.
The Formaldehyde Market is segmented as follows-
By Application:
By End User:
By Region
Some of the key questions answered by the report are:
Market Classification
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Growth in Construction Industry
3.2.1.2. Rising Automobile Sector
3.2.2. Restraints
3.2.2.1. High Raw Material Prices
3.2.3. Opportunities
3.2.3.1. Technological advancement in automobile and construction industry
4. Formaldehyde Market, By Application
4.1. Introduction
4.2. Formaldehyde Market Assessment and Forecast, By Application, 2017-2023
4.3. UF resins
4.3.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.4. MF resins
4.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.5. PF resins
4.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.6. 1,4-butanediol
4.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.7. Methylenebis
4.7.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.8. Polyacetal resins
4.8.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.9. Pentaerythritol
4.9.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5. Formaldehyde Market, By End Use
5.1. Introduction
5.2. The Formaldehyde Market Assessment and Forecast, By End Use, 2017-2023
5.3. Automotive
5.3.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.4. Furniture
5.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.5. Construction
5.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6. Formaldehyde Market, By Region
6.1. Introduction
6.2. Formaldehyde Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.3. North America
6.3.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.3.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.3.3. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.3.4. U.S.
6.3.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.3.4.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.3.5. Canada
6.3.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.3.5.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.3.6. Mexico
6.3.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.3.6.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.4. Europe
6.4.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.4.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.3. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.4.4. Germany
6.4.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.4.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.4.5. France
6.4.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.6. UK
6.4.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.6.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.4.7. Italy
6.4.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.7.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.4.8. Spain
6.4.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.8.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.4.9. Rest of Europe
6.4.9.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.9.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.5. Asia-Pacific
6.5.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.5.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.3. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.5.4. Japan
6.5.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.4.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.5.5. China
6.5.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.5.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.5.6. Australia
6.5.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.6.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.5.7. India
6.5.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.7.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.5.8. South Korea
6.5.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.8.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.5.9. Rest of Asia-Pacific
6.5.9.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.9.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.6. Rest of the World
6.6.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.3. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.6.4. Brazil
6.6.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.4.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.6.5. Turkey
6.6.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.5.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.6.6. Saudi Arabia
6.6.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.6.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.6.7. South Africa
6.6.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.7.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.6.8. United Arab Emirates
6.6.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.8.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
6.6.9. Others
6.6.9.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.9.2. Market Assessment and Forecast, By End Use, 2017-2023 ($Million)
7. Company Profiles
7.1. Bayer AG
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2. BASF SE
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.3. Dynea Oy
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.4. Celanese Corporation
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.5. Georgia Pacific Corporation
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.6. Huntsman Corporation
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7. Momentive Specialty Chemical Inc.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.8. Perstorp Formox AB
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
List of Tables
Table 1.Global Formaldehyde Market, By Application ($Million), 2017-2023
Table 2.UF resins Market, By Region ($Million), 2017-2023
Table 3.MF resins Market, By Region ($Million), 2017-2023
Table 4.PF resins Market, By Region ($Million), 2017-2023
Table 5.1,4-butanediol Market, By Region ($Million), 2017-2023
Table 6.Methylenebis Market, By Region ($Million), 2017-2023
Table 7.Polyacetal resins Market, By Region ($Million), 2017-2023
Table 8.Pentaerythritol Market, By Region ($Million), 2017-2023
Table 9.Global Formaldehyde Market, By End Use ($Million), 2017-2023
Table 10.Automotive Market, By Region ($Million), 2017-2023
Table 11.Furniture Market, By Region ($Million), 2017-2023
Table 12.Construction Market, By Region ($Million), 2017-2023
Table 13.Global Formaldehyde Market, By Region ($Million), 2017-2023
Table 14.North America Formaldehyde Market, By Country, 2017-2023 ($Million)
Table 15.North America Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 16.North America Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 17.U.S. Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 18.U.S. Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 19.Canada Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 20.Canada Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 21.Mexico Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 22.Mexico Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 23.Europe Formaldehyde Market, By Country, 2017-2023 ($Million)
Table 24.Europe Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 25.Europe Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 26.Germany Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 27.Germany Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 28.France Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 29.France Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 30.UK Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 31.UK Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 32.Italy Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 33.Italy Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 34.Spain Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 35.Spain Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 36.Rest of Europe Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 37.Rest of Europe Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 38.Asia-Pacific Formaldehyde Market, By Country, 2017-2023 ($Million)
Table 39.Asia-Pacific Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 40.Asia-Pacific Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 41.Japan Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 42.Japan Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 43.China Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 44.China Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 45.Australia Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 46.Australia Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 47.India Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 48.India Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 49.South Korea Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 50.South Korea Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 51.Rest of Asia-Pacific Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 52.Rest of Asia-Pacific Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 53.Rest of the World Formaldehyde Market, By Country, 2017-2023 ($Million)
Table 54.Rest of the World Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 55.Rest of the World Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 56.Brazil Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 57.Brazil Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 58.Turkey Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 59.Turkey Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 60.Saudi Arabia Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 51.Saudi Arabia Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 62.South Africa Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 63.South Africa Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 64.United Arab Emirates Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 65.United Arab Emirates Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 66.Others Formaldehyde Market, By Application, 2017-2023 ($Million)
Table 67.Others Formaldehyde Market, By End Use, 2017-2023 ($Million)
Table 68.Bayer AG: Key Strategic Developments, 2017-2017
Table 69.BASF SE: Key Strategic Developments, 2017-2017
Table 70.Dynea Oy: Key Strategic Developments, 2017-2017
Table 69.Celanese Corporation: Key Strategic Developments, 2017-2017
Table 70.Georgia Pacific Corporation: Key Strategic Developments, 2017-2017
Table 71.Huntsman Corporation: Key Strategic Developments, 2017-2017
Table 72.Momentive Specialty Chemical Inc.: Key Strategic Developments, 2017-2017
Table 73.Perstorp Formox AB: Key Strategic Developments, 2017-2017
List of Figures
Figure 1.Global Formaldehyde Market Share, By Application, 2017 & 2023
Figure 2.Formaldehyde Market, By End Use, 2017, ($Million)
Figure 3.Formaldehyde Market, By Region, 2017, ($Million)
Figure 4.BASF SE: Net Revenues, 2017-2017 ($Million)
Figure 5.BASF SE: Net Revenue Share, By Segment, 2017
Figure 6.BASF SE: Net Revenue Share, By Geography, 2017
Figure 7.Bayer AG: Net Revenues, 2017-2017 ($Million)
Figure 8.Bayer AG: Net Revenue Share, By Segment, 2017
Figure 9.Bayer AG: Net Revenue Share, By Geography, 2017
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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