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Formaldehyde Market to Witness Widespread Expansion by 2027

Formaldehyde Market to Witness Widespread Expansion by 2027<br>

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Formaldehyde Market to Witness Widespread Expansion 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 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

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