Formaldehyde Market Report

Impact of COVID-19 on Formaldehyde Market

Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

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Impact of COVID-19 on Formaldehyde Market

Covid-19 has impacted the market dynamics, competition, and global...

See more...

Impact of COVID-19 on Formaldehyde Market

Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

Get Impact Analysis

Formaldehyde Market Insights

Formaldehyde market is likely to witness a healthy CAGR of 5% during the forecast period. The shift towards the high-performance additives and the rising demand for adhesives & coatings used in furniture, textile, automotive, and construction industries are likely to drive the market in the coming years.

Market Share Analysis

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Formaldehyde Market Share: By Derivative Type

Based on the derivative type, the market is segmented as urea formaldehyde (UF), phenol formaldehyde (PF)), melamine formaldehyde (MF), polyoxymethylene/ polyacetal (POM) formaldehyde, methylene diphenyl diisocyanate (MDI) formaldehyde, pentaerythritol formaldehyde, butanediol (1,4 BDO) formaldehyde, paraformaldehyde, hexamine formaldehyde, and other formaldehydes. In 2019, the UF resin segment led the formaldehyde market, due to its usage in manufacturing high-performance automotive interior, parts of fuel systems, and building material.

Formaldehyde Market Share: By End-Use Application Type

Based on the end-use application type, the formaldehyde market is segmented into resins, textile, plasticizers, paints, elastic fibers, synthetic lubricants, polyurethane foams, vulcanized accelerators, household/electronic appliances, and pesticides. The paints & coating application of formaldehyde derivatives is likely to have good growth opportunities in the future as these derivatives offer several advantages, such as superior functionality and versatility and have excellent chemical properties.

Formaldehyde Market Share: By Region

In terms of regions, North America was the largest formaldehyde market in 2019 and is likely to remain so during the forecast period as well.  Also, the growth in the wood furniture market in North America to provide growth opportunities for the formaldehyde manufacturers.

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Some of the major formaldehyde manufacturers are-

• Bayer AG
• Balaji Formalin Private Limited
• BASF SE
• Celanese Corporation
• Chemique Adhesives & Sealants Ltd
• Dynea Oy
• Georgia-Pacific Chemicals, LLC
• Hexion Inc.
• Huntsman Corporation
• Perstorp Holding AB.

Market Scope & Segmentation

Formaldehyde is a chemical compound manufactured by the oxidation of methanol. Formaldehyde, with excellent physical & chemical properties is used in building materials & household product formulations. Formaldehyde is widely used in manufacturing of lightweight resins which are used in automotive industry.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The formaldehyde market is segmented into the following categories. 

Formaldehyde Market Size, Share, & Forecast, by Derivative Type:

• Urea Formaldehyde (UF) (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Phenol Formaldehyde (PF) (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Melamine Formaldehyde (MF) (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Polyoxymethylene/ Polyacetal (POM) Formaldehyde (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Methylene Diphenyl Diisocyanate (MDI) Formaldehyde (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Pentaerythritol Formaldehyde (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Butanediol (1,4 BDO) Formaldehyde (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Paraformaldehyde (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Hexamine Formaldehyde (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Other Formaldehydes (Regional Analysis: North America, Europe, Asia-Pacific, and Row)

Formaldehyde Market Size, Share, & Forecast, by End-Use Application Type:

• Resins (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Textile (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Plasticizers (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Vulcanization Accelerators (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Elastic Fibers (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Synthetic Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Polyurethane Foams (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Vulcanization Accelerators (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Household/Electronic Appliances (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Pesticides (Regional Analysis: North America, Europe, Asia-Pacific, and Row)
• Other End-Use Applications (Regional Analysis: North America, Europe, Asia-Pacific, and Row)

Formaldehyde Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the derivative types by end-use application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].