India Formaldehyde Comprehensive Techno-Commercial Market Analysis, 2013-2030

The Indian formaldehyde market is projected to grow at a CAGR of 6% during 2019-2030 on account of growing focus towards roofing mat application and the surging demand for wood-based articles in India. Moreover, the demand for phenolic resins is growing owing to their advanced mechanical properties, ability to tolerate high temperature, low toxicity and smoke and excellent blending capacity with variety of polymeric substances. Due to these properties phenolic resins are extensively employed in the manufacturing of molding compounds, wood adhesives, laminates, insulation, and various other applications, which is propelling the demand for formaldehyde across India.

Years Considered for this Report:
Historical Years: 2013 - 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 - 2030

Objective of the Study:

• The primary objective of the study was to evaluate and forecast formaldehyde capacity, production, demand, inventory and the demand-supply gap.


• To categorize the demand for formaldehyde based on end-use, sales channel and region.


• To study trade dynamics and company share of formaldehyde in the Indian formaldehyde market.


• To identify major customers of formaldehyde in India.


• To evaluate and forecast formaldehyde pricing in the Indian formaldehyde market.


• To identify and profile major companies operating in the Indian formaldehyde market.


• To identify major news, deals and expansion plans in the Indian formaldehyde market.

Some of the major players operating in the country’s formaldehyde market are India Century Laminating, Jubilant Life Sciences, Kanoria Chemicals and Industries Limited, Simalin Industries Limited and Assam Petrochemicals Limited, etc.
To extract data for the Indian formaldehyde market, primary research surveys were conducted with formaldehyde manufacturers, suppliers, distributors, wholesalers and end-users. While interviewing, the respondents were also inquired about their competitors. Through this technique, manufacturers that could not be identified due to the limitations of secondary research could be included. Moreover, various end-user segments were anaylsed and projected a positive outlook for the country’s formaldehyde market over the coming years.

The demand for formaldehyde is calculated by analyzing the historical data and demand forecast which was carried out by considering the raw material prices such as methanol and crude oil prices. These values are sourced from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as Company Websites, Association Reports, Annual Reports, etc. were also studied.

Key Target Audience:

• Formaldehyde manufacturers and other stakeholders


• Organizations, forums and alliances related to formaldehyde distribution


• Government bodies such as regulating authorities and policy makers


• Market research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as formaldehyde manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Available Customizations:

With the given market data, customizations are offered according to a company’s specific needs.