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The Global Formaldehyde Market is expected to grow by 7.56 mn tons during 2020-2024 progressing at a CAGR of 6% during the forecast period

·2-min read

Global Formaldehyde Market 2020-2024 The analyst has been monitoring the formaldehyde market and it is poised to grow by 7. 56 mn tons during 2020-2024 progressing at a CAGR of 6% during the forecast period.

New York, Nov. 17, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Formaldehyde Market 2020-2024" -
Our reports on formaldehyde market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growth in the construction industry and growth in the automotive industry. In addition, growth in the construction industry is anticipated to boost the growth of the market as well.
The formaldehyde market analysis includes end-user segment and geographical landscapes

The formaldehyde market is segmented as below:
By End-user
• Construction and furniture
• Automotive
• Others

By Geographic Landscape
• North America
• Europe
• South America

This study identifies the high production and consumption of formaldehyde in China as one of the prime reasons driving the formaldehyde market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our formaldehyde market covers the following areas:
• Formaldehyde market sizing
• Formaldehyde market forecast
• Formaldehyde market industry analysis

Read the full report:

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