Press release
Global Formaldehyde Scavengers Market Expected to Witness a Sustainable Growth over 2023
Formaldehyde scavengers are used in lowering the emissions in both the manufacturing of medium density fiberboard and particle board and also in finished products. Prolonged formaldehyde emissions can have potential health hazards and hence it becomes imperative to control these emissions. Formaldehyde scavengers have been used to lower formaldehyde emissions in several wood, paper and textile industries.
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Global Formaldehyde Scavengers Market: Forecast by Type / Application / Region
In classification, According to the reaction principle, Formaldehyde Scavengers can be divided into Neutralization reaction, Catalytic decomposition, Oxidation-reduction and Sealing plugging. In Europe, the shipment of Oxidation-reduction Formaldehyde Scavengers is about 307 MT in 2016.
In application, Formaldehyde Scavengers downstream is wide and recently Formaldehyde Scavengers has acquired increasing significance in various fields of Wood Panel (Particle Boards/MDF Boards), Coating, Fabric, Indoor Environmental Protection and others. The Formaldehyde Scavengers market is mainly driven by growing demand for Wood Panel.
In the future, America and Europe market is expected to witness significant growth on account of rising applications, so in the next few years, Formaldehyde Scavengers shipment will show a trend of steady growth. In 2022 the shipment of Formaldehyde Scavengers is estimated to be 321.9 MT and 515.6 MT in America and Europe, respectively.
Over the next five years, LPI(LP Information) projects that Formaldehyde Scavengers will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Formaldehyde Scavengers Market: Key Players
Georgia-Pacific Chemicals
StarChem
CHIMAR
SYNTHRON
Emerald Performance Materials
TAG Chemcials
Huntsman
Key Issues Addressed
1.Competitive Landscape and Strategic Recommendations
2.The market forecast and growth areas for Formaldehyde Scavengers Market
3.Changing Market Trends and Emerging OpportTonies
4.Historical shipment and revenue
5.Analysis key applications
6.Main Players market share
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Related Information:
United States Formaldehyde Scavengers Market Research Report 2018
Europe Formaldehyde Scavengers Market Research Report 2018
North America Formaldehyde Scavengers Market Research Report 2018
Asia-Pacific Formaldehyde Scavengers Market Research Report 2018
China Formaldehyde Scavengers Market Research Report 2018
EMEA Formaldehyde Scavengers Market Research Report 2018
Global Formaldehyde Scavengers Market Research Report 2018
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