1 / 7

Formaldehyde Market to Witness Widespread Expansion by 2027

Formaldehyde Market to Witness Widespread Expansion by 2027<br>

piyathakare2012
Download Presentation

Formaldehyde Market to Witness Widespread Expansion by 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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 marketwas valued at ~US$ 8.6 Bn in 2018and is anticipated to expand at a CAGR of ~3% from 2019to 2027. • Use of formaldehyde in the production of resins is growing; these formaldehyde based resins find applications in a wide range of activities. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. ©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 demandfor housesin the nearfuture. • This is expected to boost the demand for wood-based panels. These factors are anticipated to augment the demand for formaldehyde, as formaldehyde-based resins are used to produce wood-basedpanels. • Moreover, rising demand for formaldehyde in automotive, chemical, and personal care &cosmetic sectors due to itsexcellent adhesive and binding properties is projected to drive the market during the forecast period.

  5. ©2019 Transparency Market Research, All Rights Reserved Urea and Phenol-formaldehyde Resins to Witness High Adoption • Urea-formaldehyde resins have garnered significant popularity in recent years, and are increasingly being used to produce paper, textiles, cotton blends, rayon, wrinkle- resistantfabrics, etc. • Furthermore, the demand for urea-formaldehyde resins is expected to gain significant momentum, owing to its favorableproperties such as high reactivity, economical pricing, and exceptional performance. • Urea-formaldehyde resin derivative segment is expected to reach a market value of ~US$ 2.3 Bn and hold a market share of ~26% in 2020 ©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

More Related