Press release
Formaldehyde Market is Forecasted to Reach US$ 5.81 Billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global formaldehyde market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1243/formaldehyde-market.html#form
Report Highlights:
Market Size in 2028: US$ 5.81 billion
Growth (CAGR): 4.8% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Formaldehyde Market:
The global formaldehyde market is segmented based on derivative type, end-use application type, and region.
Based on derivative type - The formaldehyde market is segmented as urea-formaldehyde (UF), phenol-formaldehyde (PF), melamine formaldehyde (MF), polyoxymethylene/ polyacetal (POM) formaldehyde, methylene diphenyl diisocyanate (MDI) formaldehyde, pentaerythritol formaldehyde, butanediol (1,4 BDO) formaldehyde, paraformaldehyde, hexamine formaldehyde, and other formaldehyde. The Urea-Formaldehyde resin segment led the formaldehyde market, due to its usage in manufacturing high-performance automotive interiors, parts of fuel systems, and building materials.
Based on end-use application type - The formaldehyde market is segmented into resins, textiles, plasticizers, paints & coatings, elastic fibers, synthetic lubricants, polyurethane foams, vulcanized accelerators, household/electronic appliances, and pesticides. The paints & coating application of formaldehyde derivatives is likely to have good growth opportunities in the future as these derivatives offer several advantages, such as superior functionality and versatility, and excellent chemical properties.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/1243/formaldehyde-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is the largest market during the forecast period.. This growth outlook is majorly attributed to the following-
The growth in the wood furniture market in North America provides growth opportunities for formaldehyde manufacturers.
Formaldehyde Market Drivers:
Some of the key drivers listed in the report are given below.
• The shift towards high-performance additives and the rising demand for adhesives & coatings used in furniture, textile, automotive, and construction industries are likely to drive the market in the coming years.
Top Companies in the Formaldehyde Market:
Stratview Research has identified the following companies as the top market players.
• Balaji Formalin Private Limited
• Bayer AG
• BASF SE
• Celanese Corporation
• Chemique Adhesives & Sealants Ltd
• Dynea Oy
• Georgia-Pacific Chemicals, LLC
• Hexion Inc.
• Huntsman Corporation
• Perstorp Holding AB.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Formaldehyde Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Plasticizers Market: https://www.stratviewresearch.com/1320/plasticizers-market.html
• Paraformaldehyde Market: https://www.stratviewresearch.com/2434/Paraformaldehyde-Market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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Urea Formaldehyde Glue Powder, Ready For Shipment
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