The Global Formaldehyde Market is estimated to be valued at in 2025 and is expected to reach by 2032, exhibiting a compound annual growth rate from 2025 to 2032. The global formaldehyde market represents a critical segment within the chemical industry, serving as a fundamental building block for numerous industrial applications and consumer products.
Formaldehyde is a colorless gas with a sharp, pungent odor. It is mainly produced through methanol oxidation. The compound ranks among the most manufactured chemicals globally. Its versatile properties enable use across industries such as construction, automotive, and textiles.
The global formaldehyde market is driven by strong growth in the construction and building materials sector. Formaldehyde-based resins are vital in plywood, particleboard, and other engineered wood products, which are in high demand due to global urbanization and infrastructure development. The expanding automotive industry significantly contributes to market growth through the increasing use of formaldehyde in manufacturing lightweight composite materials and interior components, driven by the industry's focus on fuel efficiency and emission reduction.
- This report provides in-depth analysis of the global formaldehyde market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global formaldehyde market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Foremark Performance Chemicals, Hexion, Georgia-Pacific Chemicals, Celanese Corporation, BASF SE, Capital Resin Corporation, Evonik Industries AG, DuPont, Alfa Aesar, Ashland, Perstorp, and LRBG Chemicals Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global formaldehyde market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global formaldehyde market
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- Urea Formaldehyde (UF)
- Phenol Formaldehyde (PF)
- Polyacetal Resins
- Melamine formaldehyde (MF)
- Pentaerythritol
- Methylenebis(4-phenyl isocyanate) (MDI)
- 1,4-butanediol
- Other Derivatives
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- Building & Construction
- Furniture
- Automotive
- Agriculture
- Healthcare
- Oil & Gas
- Textile
- Water Treatment
- Cleaning Products
- Other End-Uses
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- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
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- Foremark Performance Chemicals
- Hexion
- Georgia-Pacific Chemicals
- Celanese Corporation
- BASF SE
- Capital Resin Corporation
- Evonik Industries AG
- DuPont
- Alfa Aesar
- Ashland
- Perstorp
- LRBG Chemicals Inc.
