Press release
Global Formaldehyde Market: Sustained Growth with a Projected Value of $32.78 Billion by 2029
Formaldehyde Market
What Is The Projected Market Size Of The Global Formaldehyde Market And Its Growth Rate?
The formaldehyde market has been experiencing consistent growth:
• The market size grew from $22.55 billion in 2024 to $24.13 billion in 2025, revealing a CAGR of 7.0%.
• This impressive growth can be mainly attributed to the expansion of the construction and building industry, automotive manufacturing, rising demand in the furniture manufacturing sector, and significant growth in the textile and leather industries.
• Furthermore, its utilization in agrochemicals and fertilizers has also driven market growth.
• Looking ahead, the formaldehyde market is poised for further strong growth, projected to reach $32.78 billion in 2029 at a CAGR of 8.0%.
• Key factors contributing to the predicted growth include sustainable, eco-friendly formaldehyde alternatives, an increased focus on green building materials, stringent regulations, emission standards, growing demand in healthcare and biomedical research, and the emergence of innovative industrial applications.
What Is Driving The Growth In The Formaldehyde Market?
The formaldehyde market is witnessing significant growth, largely due to the growing demand from the construction industry. The manufacturing of glues, resins, and other construction materials heavily involves formaldehyde. For instance, Oxford Economics, in their report Global Construction 2030, predicted that the volume of construction output is set to grow by 85% by 2030. Therefore, the rising demand from the construction sector is a major propellant for the formaldehyde market's growth.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7245&type=smp
Who Are the Key Players Driving Formaldehyde Market Growth?
Major companies in the formaldehyde market include:
• BASF SE
• 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
What Are The Key Trends In The Formaldehyde Market?
Key trends in the formaldehyde market include:
• Advancements in resin technology
• Expansion in furniture manufacturing
• Stringent emission standards and regulations
• Increasing adoption in the automotive sector
• Rising popularity of formaldehyde-free alternatives
What Are The Segments Of The Global Formaldehyde Market?
The formaldehyde market is classified by:
• Type: Urea Formaldehyde, Phenol Formaldehyde, Melamine Formaldehyde, Polyoxymethylene, Other types.
• Application: Resins, Fibers, Solvents, Plasticizers, Drying Agents, Other Chemical Intermediates.
• End-User: Construction, Furniture, Automotive, Healthcare, Other End-Users.
Which Region Leads The Formaldehyde Market?
In 2024, Asia-Pacific was the largest and fastest-growing region in the formaldehyde market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/formaldehyde-global-market-report
What Is Covered In The Formaldehyde Market Global Market Report?
- Market Size Analysis: Analyze the Formaldehyde Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Formaldehyde Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Formaldehyde Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Formaldehyde Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=7245&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Formaldehyde Market: Sustained Growth with a Projected Value of $32.78 Billion by 2029 here
News-ID: 3840776 • Views: …
More Releases from The Business Research Company
2025-2034 Building Vibration Isolation Market Evolution: Disruptions, Innovation …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Building Vibration Isolation Market Through 2025?
In recent times, the market size of building vibration isolation has seen considerable growth. Predictions indicate an expansion from $2.39 billion in 2024 to $2.57 billion in 2025 with a compound annual growth rate (CAGR) of…
Soaring Demand Set to Propel Brokerage Self-Operated App Market to $17.27 Billio …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Brokerage Self-Operated App Market Through 2025?
The market size of self-operated brokerage apps has seen swift expansion in the last few years. The projection is that it will increase from $9.55 billion in 2024 to $10.77 billion in 2025, marking a compound…
Block Paving Market Landscape 2025: Forecast Data and Growth Strategy Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Block Paving Market Through 2025?
In the past few years, the block paving market has witnessed substantial growth. It is anticipated to rise from a value of $6.72 billion in 2024 to about $7.10 billion in 2025, with a compound annual growth…
Comprehensive 2025 Biological Treatment Technologies Market Overview: Trends, Fo …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Biological Treatment Technologies Market Through 2025?
The market size for biological treatment technologies has seen a solid expansion in the last few years. It is projected to increase from $2.74 billion in 2024 to around $2.96 billion in 2025, with a compound…
More Releases for Formaldehyde
Urea Formaldehyde Glue Powder, Ready For Shipment
Urea Formaldehyde Glue Powder 25KG Bag, 28Tons/40'FCL Without Pallets 2 FCL, Destination: Middle East Ready For Shipment~
Image: https://www.aojinchem.com/uploads/9111.jpg Image: https://www.aojinchem.com/uploads/961.jpg
Image: https://www.aojinchem.com/uploads/9210.jpg Image: https://www.aojinchem.com/uploads/9310.jpg
Applications:
1. Wooden furniture manufacturing: Urea-formaldehyde resin powder can be used to bond wood, plywood, wooden flooring and other wooden furniture. It has high bonding strength and heat resistance, and can provide a long-lasting bonding effect.
2. Papermaking industry: Urea-formaldehyde resin powder can be used as a reinforcing agent for…
Melamine Formaldehyde Market Research Report | Valuates Reports
Melamine Formaldehyde Market Research Report | Valuates Reports
The global Melamine Formaldehyde market size is expected to reach US$ 9666.3 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029.
View Sample Report
https://reports.valuates.com/request/sample/QYRE-Auto-14U7166/Global_Melamine_Formaldehyde_Market_Insights_and_Forecast_to_2028
Report Scope
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1)…
Formaldehyde Market Size, CAGR | Growth - 2032
The Global Formaldehyde Market Size was valued at USD 7.8 Billion in 2022 and is anticipated to reach USD 13.5 Billion by 2032 with a CAGR of 5.6% from 2023 to 2032.
Formaldehyde, a versatile chemical compound, serves as a foundational building block across numerous industries, ranging from manufacturing to healthcare. As a crucial precursor in the production of various materials and products, the Formaldehyde Market plays an indispensable role in…
Formaldehyde Market Challenges, Growth and Opportunities - 2031
Formaldehyde Market: Introduction
In terms of value, the global formaldehyde market is anticipated to expand at a CAGR of ~4% from 2021 to 2031 and cross US$ 15 Bn by 2031. The usage of formaldehyde in the production of resins has been rising. Formaldehyde-based resins are used in a wide range of applications. In terms of volume, Asia Pacific dominated the global formaldehyde market in 2020. It is estimated to lead…
Formaldehyde Market Industry Analysis - Formaldehyde Market Size Driven by Recen …
The most recent study offered by Acumen Research and Consulting focuses Formaldehyde Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Formaldehyde Market trends in order to assess its current and future potential. Our Formaldehyde Market analysis also provides market participants and new entrants with a comprehensive view of the…
Formaldehyde Solution Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/formaldehyde-solution-market/79772
Formaldehyde Solution Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Formaldehyde Solution basics: definitions, classifications, applications and market overview; product specifications;…
