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Formaldehyde Market Size
- Report ID: GMI3751
- Published Date: Nov 2024
- Report Format: PDF
Formaldehyde Market Size
The global formaldehyde market was valued at USD 4.5 billion in 2024 and is estimated to grow at a CAGR of over 3% from 2025 to 2034.
The formaldehyde industry is expanding, driven by innovations in resin technology and the widespread application of formaldehyde in industrial processes and chemical manufacturing. Advanced resin formulations not only enhance performance and durability but also prioritize environmental sustainability, leading to their increased adoption across various industries. Moreover, formaldehyde's essential contribution to the production of adhesives, coatings, and textiles further amplifies the demand for the product.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Formaldehyde Market Size in 2024: | USD 4.5 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2025 to 2034 CAGR: | 3% |
| 2034 Value Projection: | USD 6.1 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 235 |
| Tables, Charts & Figures: | 165 |
| Segments covered: | Derivatives, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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As industrialization accelerates, the demand for key wood products and construction materials surges, propelling the growth of the formaldehyde industry. Formaldehyde-based resins play a pivotal role in crafting durable and cost-effective wood products, including plywood, particleboard, and MDF. With a booming construction sector and a vibrant furniture manufacturing industry, the reliance on formaldehyde for robust adhesion and structural integrity becomes even more pronounced, underscoring its significance in contemporary industrial applications.
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Formaldehyde Market Scope
