Dublin, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The "Formaldehyde - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Formaldehyde is estimated at 49.0 Million Tons in 2023 and is projected to reach 70.8 Million Tons by 2030, growing at a CAGR of 5.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the formaldehyde market is driven by several factors, including increasing demand in construction, automotive, and textile industries, technological advancements, and evolving regulatory landscapes. The expanding construction industry, particularly in developing regions, drives formaldehyde consumption in building materials. The automotive industry's focus on high-performance coatings and adhesives boosts the market for formaldehyde-based products.
Technological advancements have led to the development of more efficient and environmentally friendly formaldehyde production processes. Additionally, regulatory measures promoting safer and more sustainable practices shape the market landscape, encouraging the adoption of low-emission formaldehyde products. These drivers highlight the dynamic and evolving nature of the formaldehyde market, balancing industrial demands with health and environmental considerations.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Formaldehyde Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Formaldehyde Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Urea Formaldehyde segment, which is expected to reach 31.4 Million Tons by 2030 with a CAGR of a 5.7%. The Phenol Formaldehyde segment is also set to grow at 5.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at 13.2 Million Tons in 2023, and China, forecasted to grow at an impressive 9.0% CAGR to reach 15.6 Million Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BASF SE, Chemanol, Dynea AS, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 273 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 49 Million Tons |
| Forecasted Market Value by 2030 | 70.8 Million Tons |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Formaldehyde - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
FOCUS ON SELECT PLAYERS (Total 21 Featured)
- BASF SE
- Chemanol
- Dynea AS
- Ercros SA
- Georgia Pacific LLC
- Hexion, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/c9d6el
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