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Formaldehyde Market Report: Trends, Forecast, and Competitive Analysis

·6-min read

The global formaldehyde market size is expected to grow by 7.56 million tons during 2020-2024, progressing at a CAGR of almost 6% during the forecast period.
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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201202005666/en/

Technavio has announced its latest market research report titled Global Formaldehyde Market 2020-2024 (Graphic: Business Wire)

The growth in the construction industry is one of the major factors propelling the market growth. However, factors such as the fluctuating prices of methanol will hamper market growth.

The production rate of resins such as phenol-formaldehyde, melamine-formaldehyde, and urea-formaldehyde are high in the construction industry. This results in an increased demand for formaldehyde as they are extensively used in the production of resins. Moreover, the construction industry is witnessing growth due to various factors such as increasing disposable income, emerging economies, and growing population. This will further boost the adoption of formaldehyde in this industry. Formaldehyde market analysis identifies that the growth in the construction industry will be one of the major factors that will have a positive impact on the formaldehyde market.

More details: www.technavio.com/report/formaldehyde-market-industry-analysis

Global Formaldehyde Market: End-user Landscape

The formaldehyde market is witnessing growth in the construction and furniture segment and is expected to grow in this segment throughout the predicted period due to the rising spending on construction activities, growing demand for formaldehyde, and the growing opportunities in the residential construction segment.

Global Formaldehyde Market: Geographic Landscape

APAC was the largest formaldehyde market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The availability of large production capacities for formaldehyde and high consumption of formaldehyde will significantly drive formaldehyde market growth in this region over the forecast period. 70% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for formaldehyde in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

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Companies Covered

  • Akzo Nobel NV

  • Ashland Global Holdings Inc.

  • BASF SE

  • Celanese Corp.

  • Dynea AS

  • Ercros SA

  • Hexion Inc.

  • INEOS Group Holdings SA

  • Koch Industries Inc.

  • LANXESS AG

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, till 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Formaldehyde Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist in formaldehyde market growth during the next five years

  • Estimation of the formaldehyde market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the formaldehyde market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of formaldehyde market, vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • Construction and furniture - Market size and forecast 2019-2024

  • Automotive - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by End-user

Market Segmentation by Derivatives

  • Market segments

  • Comparison by Derivatives

  • Urea formaldehyde - Market size and forecast 2019-2024

  • Phenol formaldehyde - Market size and forecast 2019-2024

  • Melamine formaldehyde - Market size and forecast 2019-2024

  • Polyoxymethylene - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Other1

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Akzo Nobel NV

  • Ashland Global Holdings Inc.

  • BASF SE

  • Celanese Corp.

  • Dynea AS

  • Ercros SA

  • Hexion Inc.

  • INEOS Group Holdings SA

  • Koch Industries Inc.

  • LANXESS AG

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201202005666/en/

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