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Formaldehyde Market Estimated to Expand at a Robust CAGR by 2027

Formaldehyde Market Estimated to Expand at a Robust CAGR by 2027<br>

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Formaldehyde Market Estimated to Expand at a Robust CAGR by 2027

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  1. ©2019 Transparency Market Research, All Rights Reserved Formaldehyde Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

  2. ©2019 Transparency Market Research, All Rights Reserved About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insightfor thousands of decision-makers. Wehavean experienced team of Analysts, Researchers, and Consultants, who useproprietary data sources and various tools and techniques to gather and analyzeinformation. Our business offerings representthelatest and themostreliableinformationindispensableforbusinessestosustaina competitiveedge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. Thesereports providein-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reportsstriveto serveclients and satisfytheir overallresearchrequirement.

  3. ©2019 Transparency Market Research, All Rights Reserved FormaldehydeMarket: Introduction The global formaldehyde market was valued at ~US$ 8.6 Bn in 2018 and is anticipated to expandat a CAGR of~3% from 2019 to 2027. Use of formaldehyde in the production of resins is growing; these formaldehyde based resins find applicationsina wide range ofactivities. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. ©2019 Transparency Market Research, All Rights Reserved Key Drivers of Formaldehyde Market • Formaldehyde-based resins, such as urea formaldehyde resins, are excellent adhesivesthatplayanintegralrolein the constructionsector. • They are used in furniture applications in the production of particle boardsand woodpanels. • Formaldehyde-based resinshelp bind wood chipsand sawdust to create engineered wood products, which are durable, cost-effective, and high performance alternativesto solidwood. • Therefore, increasingdemand from construction and furniture sectorsis expected to boostthe demand for formaldehyde. • Formaldehyde is also used as an intermediate to produce other chemicals, such as butanediol, which is further employed to produce tetrahydrofuran.

  5. ©2019 Transparency Market Research, All Rights Reserved Increasing Demand from End-use Industries to Offer Attractive Opportunities • Rise in urbanization, increase in population, and positive developments in regional economic conditions are projected to drive the demand for houses in the near future. • • This is expected to boostthe demandfor wood-based panels. These factors are anticipated to augment the demand for formaldehyde, as formaldehyde-based resins are usedto produce wood-basedpanels. • Moreover, rising demand for formaldehyde in automotive, chemical, and personal care & cosmetic sectors due to its excellent adhesive and binding properties is projected to drive the market during the forecast period. ©2019 Transparency Market Research, All Rights Reserved

  6. ©2019 Transparency Market Research, All Rights Reserved Prominent Companies in Global Market • • • • BASF SE Hexion Inc. PJSC Metafrax Ercros S.A. ©2019 Transparency Market Research, All Rights Reserved

  7. ©2019 Transparency Market Research, All Rights Reserved To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact: Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY –12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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