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Formaldehyde Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5741609
The formaldehyde market size has grown strongly in recent years. It will grow from $21.15 billion in 2023 to $22.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion observed in the historical period can be attributed to the growth in the construction and building industry, the expansion of automotive manufacturing, increasing demand in furniture manufacturing, a rise in textile and leather industries, and utilization in agrochemicals and fertilizers.

The formaldehyde market size is expected to see strong growth in the next few years. It will grow to $30.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth in the forecast period can be attributed to the development of sustainable and eco-friendly formaldehyde alternatives, an increased focus on green building materials, stringent regulations and emission standards, a growing demand in healthcare and biomedical research, and the emergence of innovative industrial applications. Noteworthy trends expected during the forecast period encompass advancements in resin technology, the expansion of furniture manufacturing, adherence to stringent emission standards and regulations, an increasing adoption in the automotive sector, and a rising popularity of formaldehyde-free alternatives.

The anticipated growth of the formaldehyde market in the future is expected to be driven by the increasing demand from the construction industry. Construction encompasses the processes of building, altering, repairing, remodeling, improving, or demolishing structures. Formaldehyde plays a crucial role in the construction sector by facilitating the manufacturing of glues, resins, and various other construction materials. For example, Oxford Economics, a UK-based company specializing in global economic forecasting and quantitative analysis, reported in their Global Construction 2030 study that the volume of construction output is projected to witness an 85% growth by the year 2030. Consequently, the escalating demand from the construction industry stands as a key driver for the growth of the formaldehyde market.

The expected growth of the formaldehyde market in the future is anticipated to be propelled by the increasing demand in the automotive industry. The automotive industry encompasses a collective group of companies, organizations, and activities involved in the design, development, manufacturing, marketing, and sale of motor vehicles. Formaldehyde-based adhesives and resins find applications in the production of composite materials, contributing to the manufacturing of durable and robust interior components, insulation, and emission control. They are also utilized in the textile and leather industries for certain automotive interior components. For example, in May 2023, the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, reported that the global production of motor vehicles reached 85.4 million units in 2022, reflecting a significant increase of 5.7% compared to 2021. Additionally, in February 2022, Brand Finance PLC, a UK-based brand valuation company, reported that the automobile sector achieved approximately 78 million unit sales in 2022, marking a substantial 10% increase. Hence, the growing demand in the automotive industry is a key driver for the growth of the formaldehyde market.

Progress in paint technology stands out as a prominent trend gaining traction in the formaldehyde market. Leading companies in the formaldehyde market are actively introducing and utilizing innovative paint technologies to maintain their competitive positions. As an illustration, in February 2021, Teknos, a paint and coating solution provider based in Finland, operating in the formaldehyde market, introduced two indoor air-purifying paints known as BIORA AIR and BIORA AIR CEILING. These paints leverage a distinctive aldehyde-binding technology, wherein the paint absorbs and neutralizes aldehydes from indoor air. This initiative reflects Teknos' commitment to incorporating advanced solutions in its products to address environmental concerns associated with indoor air quality.

Major players in the formaldehyde market are actively pursuing the development of new products, particularly advanced chemical products, as a strategic move to secure a competitive advantage. Advanced chemical products encompass sophisticated and innovative chemical substances and materials resulting from advanced research, development, and manufacturing processes. As an example, in August 2022, SKTB Katalizator JSC, a Russia-based catalyst manufacturer, initiated the semi-commercial production of a new catalyst designed for formaldehyde synthesis. This innovative catalyst is anticipated to enhance the sustainability and efficiency of formaldehyde production. With over 46 years of experience, SKTB Katalizator JSC is a notable player in the industry, providing cutting-edge catalysts for various applications, including desulfurization, dehydrogenation, and the elimination of hazardous organic compounds. The launch of semi-commercial production for the novel formaldehyde synthesis catalyst underscores SKTB Katalizator JSC's commitment to sustainability and innovation in the chemical industry. The new catalyst is expected to contribute to the industry by improving production processes and facilitating the creation of superior formaldehyde products.

In May 2022, Bakelite Synthetics, a formaldehyde network operator based in the United States, successfully concluded the acquisition of Georgia-Pacific Chemicals for an undisclosed sum. This strategic move is anticipated to provide Bakelite Synthetics with complementary resin and new formaldehyde technology, enabling the company to cater to various end markets more effectively. Additionally, the acquisition is expected to enhance customer service capabilities and facilitate the expansion of Bakelite Synthetics' business into new geographic regions. Georgia-Pacific Chemicals LLC, the acquired entity, is a chemical manufacturer and marketer operating in the formaldehyde market based in the United States.

Major companies operating in the formaldehyde market report are BASF SE, Bayer AG, Johnson Matthey Process Technologies, AkzoNobel NV, Celanese Corporation, Georgia-Pacific Chemicals LLC, Huntsman International LLC, Hexion Inc., Allnex GMBH, Perstorp Holding AB, Acron Group, Arclin Inc., Atul Ltd., Momentive Specialty Chemical Inc., Prefere Resins Holding GmbH, Sprea Misr, Cornerstone Chemical, Metafrax, Pörner Ingenieurgesellschaft mbH, Metadynea Metafrax Group, Kanoria Chemicals & Industries Ltd., Dynea Oy, Foremark Performance Chemicals, Pacific Texchem Private Limited, Frati Luigi S.p.A, Balaji Formalin Private Limited, Alder S.p.A, Simalin Chemicals Industries Limited

Asia-Pacific was the largest region in the formaldehyde market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the formaldehyde market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the formaldehyde market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of formaldehyde include urea-formaldehyde, phenol-formaldehyde, melamine-formaldehyde, polyoxymethylene, and other variations. Urea-formaldehyde is a synthetic resin created through the condensation process between urea and formaldehyde, primarily used in wood-bonding adhesives, colored molded articles, and similar applications. Formaldehyde finds various applications in resins, fibers, solvents, plasticizers, drying agents, and other chemical intermediates. These applications cater to diverse end-users such as construction, furniture, automotive, healthcare, and other sectors.

The formaldehyde market research report is one of a series of new reports that provides formaldehyde market statistics, including formaldehyde industry global market size, regional shares, competitors with a formaldehyde market share, detailed formaldehyde market segments, market trends, and opportunities, and any further data you may need to thrive in the formaldehyde industry. This formaldehyde market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The formaldehyde market consists of sales of molecular formaldehyde, 1,3,5-trioxaneand methanediol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Formaldehyde Market Characteristics3. Formaldehyde Market Trends and Strategies
4. Formaldehyde Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Formaldehyde Market Size and Growth
5.1. Global Formaldehyde Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Formaldehyde Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Formaldehyde Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Formaldehyde Market Segmentation
6.1. Global Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Urea Formaldehyde
  • Phenol Formaldehyde
  • Melamine Formaldehyde
  • Polyoxymethylene
  • Other Types
6.2. Global Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Resins
  • Fibers
  • Solvents
  • Plasticizers
  • Drying Agents
  • Other Chemical Intermediates
6.3. Global Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Construction
  • Furniture
  • Automotive
  • Healthcare
  • Other End-Users
7. Formaldehyde Market Regional and Country Analysis
7.1. Global Formaldehyde Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Formaldehyde Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Formaldehyde Market
8.1. Asia-Pacific Formaldehyde Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Formaldehyde Market
9.1. China Formaldehyde Market Overview
9.2. China Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Formaldehyde Market
10.1. India Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Formaldehyde Market
11.1. Japan Formaldehyde Market Overview
11.2. Japan Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Formaldehyde Market
12.1. Australia Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Formaldehyde Market
13.1. Indonesia Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Formaldehyde Market
14.1. South Korea Formaldehyde Market Overview
14.2. South Korea Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Formaldehyde Market
15.1. Western Europe Formaldehyde Market Overview
15.2. Western Europe Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Formaldehyde Market
16.1. UK Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Formaldehyde Market
17.1. Germany Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Formaldehyde Market
18.1. France Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Formaldehyde Market
19.1. Italy Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Formaldehyde Market
20.1. Spain Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Formaldehyde Market
21.1. Eastern Europe Formaldehyde Market Overview
21.2. Eastern Europe Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Formaldehyde Market
22.1. Russia Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Formaldehyde Market
23.1. North America Formaldehyde Market Overview
23.2. North America Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Formaldehyde Market
24.1. USA Formaldehyde Market Overview
24.2. USA Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Formaldehyde Market
25.1. Canada Formaldehyde Market Overview
25.2. Canada Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Formaldehyde Market
26.1. South America Formaldehyde Market Overview
26.2. South America Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Formaldehyde Market
27.1. Brazil Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Formaldehyde Market
28.1. Middle East Formaldehyde Market Overview
28.2. Middle East Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Formaldehyde Market
29.1. Africa Formaldehyde Market Overview
29.2. Africa Formaldehyde Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Formaldehyde Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Formaldehyde Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Formaldehyde Market Competitive Landscape and Company Profiles
30.1. Formaldehyde Market Competitive Landscape
30.2. Formaldehyde Market Company Profiles
30.2.1. BASF SE
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Bayer AG
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Johnson Matthey Process Technologies
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. AkzoNobel NV
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Celanese Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Formaldehyde Market Other Major and Innovative Companies
31.1. Georgia-Pacific Chemicals LLC
31.2. Huntsman International LLC
31.3. Hexion Inc.
31.4. Allnex GMBH
31.5. Perstorp Holding AB
31.6. Acron Group
31.7. Arclin Inc.
31.8. Atul Ltd.
31.9. Momentive Specialty Chemical Inc.
31.10. Prefere Resins Holding GmbH
31.11. Sprea Misr
31.12. Cornerstone Chemical
31.13. Metafrax
31.14. Pörner Ingenieurgesellschaft mbH
31.15. Metadynea Metafrax Group
32. Global Formaldehyde Market Competitive Benchmarking33. Global Formaldehyde Market Competitive Dashboard34. Key Mergers and Acquisitions in the Formaldehyde Market
35. Formaldehyde Market Future Outlook and Potential Analysis
35.1 Formaldehyde Market in 2028 - Countries Offering Most New Opportunities
35.2 Formaldehyde Market in 2028 - Segments Offering Most New Opportunities
35.3 Formaldehyde Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Formaldehyde Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on formaldehyde market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for formaldehyde? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Urea Formaldehyde; Phenol Formaldehyde; Melamine Formaldehyde; Polyoxymethylene; Other Types
2) By Application: Resins; Fibers; Solvents; Plasticizers; Drying Agents; Other Chemical Intermediates
3) By End-user: Construction; Furniture; Automotive; Healthcare; Other End-Users

Key Companies Mentioned: BASF SE; Bayer AG; Johnson Matthey Process Technologies; AkzoNobel NV; Celanese Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BASF SE
  • Bayer AG
  • Johnson Matthey Process Technologies
  • AkzoNobel NV
  • Celanese Corporation
  • Georgia-Pacific Chemicals LLC
  • Huntsman International LLC
  • Hexion Inc.
  • Allnex GMBH
  • Perstorp Holding AB
  • Acron Group
  • Arclin Inc.
  • Atul Ltd.
  • Momentive Specialty Chemical Inc.
  • Prefere Resins Holding GmbH
  • Sprea Misr
  • Cornerstone Chemical
  • Metafrax
  • Pörner Ingenieurgesellschaft mbH
  • Metadynea Metafrax Group
  • Kanoria Chemicals & Industries Ltd.
  • Dynea Oy
  • Foremark Performance Chemicals
  • Pacific Texchem Private Limited
  • Frati Luigi S.p.A
  • Balaji Formalin Private Limited
  • Alder S.p.A
  • Simalin Chemicals Industries Limited

Methodology

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