Press release
Formaldehyde Market to Witness Astonishing Growth by 2029
For instance, in September 2019, PJSC Metafrax and Dynea AS signed a contract for engineering, equipment supply and site services for a large formaldehyde plant, to be implemented in Gubakha, Perm region (Russia). Under the terms of the contract, Dynea will act as Technology Licensor for the supply of a new fasil silver catalyst formaldehyde plant. The plant nameplate capacity will be 100 000 TPA (expressed in 100% Formaldehyde) and will produce 55% Formaldehyde. The capacity of the plants will be 180 thousand tons of 55.0% formaldehyde and 30 thousand tons of paraformaldehyde per year. Such developments are contributing towards the market growth.
High levels of exposure may cause some types of cancers. Therefore, the health related problems associated with the formaldehyde usage may impede its market growth during the forecast period. The increase in R&D activities related to the application of formaldehyde derivative for treatment of Organic Fraction of Municipal Solid Waste (OFMSW) are likely to offer lucrative opportunities for the growth of the formaldehyde market during the forecast period.
To Request a Sample of our Report on Formaldehyde Market: https://www.omrglobal.com/request-sample/formaldehyde-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Derivative
By End-User Industry
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- BASF SE, Hexion Inc., PJSC Metafrax, and Ercros S.A., among others.
A full Report of Formaldehyde Market is Available @ https://www.omrglobal.com/industry-reports/formaldehyde-market
Formaldehyde Market Report Segment
By Derivative
Urea Formaldehyde
Phenol Formaldehyde
Melamine Formaldehyde
Hexamine
Polyoxymethylene
Others
By End-User Industry
Construction
Agriculture
Automotive
Medical
Chemical & Petrochemical
Others
Formaldehyde Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Acron Group
Ashland Global Specialty Chemicals Inc.
Balaji Formalin Pvt. Ltd.
Capital Resin Corp.
Celanese Corp.
Dynea AS
Ercros SA
Foremark Performance Chemicals, Inc.
Georgia-Pacific Chemicals Corp.
Hexion Inc.
Huntsman International LLC
Johnson Matthey
Metafrax Group
Momentive Specialty Chemical Inc.
Nutrien Ltd.
Perstorp Holding AB
Romit Resins Pvt. Ltd.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/formaldehyde-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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