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Global formaldehyde market size is expected to reach $30.05 Bn by 2028 at a rate of 7.3%, segmented as by type, urea formaldehyde, phenol formaldehyde, melamine formaldehyde, polyoxymethylene, other types<br>
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Formaldehyde Global Market Report 2024 Global Forecast 2024 – 2033 Market Size, Drivers, And Trends Top Market Research Firm 2023! We are honoured to be listed as a top company at the forefront of research, by the Business Management Review
Formaldehyde Market Segments The Business Research Company segments the formaldehyde market report as: Urea Formaldehyde, Phenol Formaldehyde, Melamine Formaldehyde, Polyoxymethylene, Other Types By Type Resins, Fibers, Solvents, Plasticizers, Drying Agents, Other Chemical Intermediates By Application By End-User Construction, Furniture, Automotive, Healthcare, Other End-Users
Market Statistics The global Formaldehyde market size grew from $21.15 billion in 2023 to $22.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The Formaldehyde market size is expected to grow to $30.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.3% $ 30.05 B $ 22.7 B $ 21.15 B Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers Growing demand from the construction industry is expected to propel the growth of the formaldehyde market going forward. Trends Advancements in paint technology have emerged as a key trend gaining popularity in the formaldehyde market. • Region Asia-Pacific was the largest region in the Formaldehyde market in 2023. The regions covered in the Formaldehyde market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Top Eleven Players In The Market • Major players in the market are: • BASF SE • Bayer AG • AkzoNobel NV • Celanese Corporation • Huntsman International • Hexion Inc., • Allnex GMBH • Perstorp Holding AB • Acron Group • Arclin Inc. • Atul Ltd. Get More Information On The Market Report
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