Global formaldehyde market expected to grow at a CAGR of 5.76% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is new production plants and capacity expansion of formaldehyde. Dynea planned to establish a new plant in Hungary with a production capacity of 40000 metric ton of formaldehyde per year. Moreover, the growing demand for formaldehyde in end-user industries is encouraging vendors to invest in this market.
According to the report, one driver in the market is growth in construction industry. The production rate of resins such as phenol formaldehyde, melamine formaldehyde, and urea formaldehyde are high in the construction industry. This results in an increased demand for formaldehyde as they are extensively used in the production of resins.
Further, the report states that one challenge in the market is fluctuating price of methanol. Methanol is the key raw material of formaldehyde. Hence the price fluctuations of methanol directly impact the price of formaldehyde, which in turn, affects the profits margins of manufacturers as well.
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Derivatives
8. Customer Landscape
9. Market Segmentation by End-User
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
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