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Formaldehyde Market Share

Report ID: GMI3751
Published Date: Jul 2024
Report Format: PDF

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Formaldehyde Market Share

Global Formaldehyde Market Company Share, 2023

Companies, including Dynea AS, Huntsman Corporation, Georgia-Pacific Chemicals, LLC, BASF SE, and LyondellBasell, are expanding their footprint through strategic investments in R&D. By focusing on innovative technologies and formulations, these firms enhance product efficiency and sustainability, meeting evolving regulatory standards and consumer preferences. Besides, strategic partnerships and mergers enable access to new markets and technologies, bolstering their competitive edge. This proactive approach strengthens market presence and fosters long-term growth and stability in a competitive global landscape.

Furthermore, companies are leveraging robust distribution networks and expanding production capacities. This allows them to meet increasing demand across diverse industries, such as construction, automotive, and healthcare. By optimizing supply chains and investing in state-of-the-art manufacturing facilities, these firms ensure reliable product delivery and customer satisfaction.

Formaldehyde Market Companies

Prominent players operating in the formaldehyde industry include:

Dynea AS
BASF SE

Huntsman Corporation
Balaji Formalin
Georgia-Pacific Chemicals, LLC.
Perstorp
Chemique Adhesives
Hexion Inc.
Celanese Corporation
Foremark Performance Chemicals
Ercros S.A
Methanol Chemicals Company
LyondellBasell
Alder S.p.A
Prefere Resins Holding GmbH

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of formaldehyde was crossed USD 4.32 billion in 2023 and is expected to register 3.2% CAGR from 2024 to 2032, owing to the innovations in resin technology and the extensive use of formaldehyde in various industrial processes and chemical manufacturing worldwide.

Formaldehyde industry from the UF resins segment is expected to reach USD 2.37 billion by 2032, due to its versatility and sustainable attributes and being widely used in wood-based panels, laminates, and textiles.

Asia Pacific formaldehyde industry is expected to register 3.7% CAGR from 2024 to 2032, due to robust industrial growth and increasing urbanization and the thriving construction, automotive, and furniture sectors in the region.

BASF SE, Balaji Formalin, Perstorp, Chemique Adhesives, Hexion Inc., Celanese Corporation, Foremark Performance Chemicals, Ercros S.A, Methanol Chemicals Company, LyondellBasell, Alder S.p.A, and Prefere Resins Holding GmbH, are some of the major formaldehyde companies worldwide.