Formaldehyde Market
Description
The Global Formaldehyde Market is estimated to be valued at USD 9,220.7 Mn in 2025 and is expected to reach USD 15,552.7 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.75% 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.
Market Dynamics
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.
Key Features of the Study
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.
Market Dynamics
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.
Key Features of the Study
- 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
- Derivatives Insights (Revenue, USD Mn, 2020 - 2032)
- Urea Formaldehyde (UF)
- Phenol Formaldehyde (PF)
- Polyacetal Resins
- Melamine formaldehyde (MF)
- Pentaerythritol
- Methylenebis(4-phenyl isocyanate) (MDI)
- 1,4-butanediol
- Other Derivatives
- End-use Insights (Revenue, USD Mn, 2020 - 2032)
- Building & Construction
- Furniture
- Automotive
- Agriculture
- Healthcare
- Oil & Gas
- Textile
- Water Treatment
- Cleaning Products
- Other End-Uses
- Regional Insights (Revenue, USD Mn, 2020 - 2032)
- North America
- U.S.
- Canada
- 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
- Key Players Insights
- 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.
Table of Contents
140 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Formaldehyde Market, By Derivatives
- Global Formaldehyde Market, By End-Use
- Global Formaldehyde Market, BY Region
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trends
- 4. Global Formaldehyde Market, By Derivatives, 2020-2032, (USD Mn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Urea Formaldehyde (UF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Phenol Formaldehyde (PF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Polyacetal Resins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Melamine formaldehyde (MF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Pentaerythritol
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Methylenebis(4-phenyl isocyanate) (MDI)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- 1,4-butanediol
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Other Derivatives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- 5. Global Formaldehyde Market, By End-Use, 2020-2032, (USD Mn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Building & Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Furniture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Textile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Water Treatment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Cleaning Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- Other By End-Uses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
- 6. Global Formaldehyde Market, By Region, 2020 - 2032, Value (USD Mn)
- Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Derivatives, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Derivatives, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Derivatives, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Derivatives, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Derivatives, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Derivatives, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By End-Use, 2020 - 2032, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Mn)
- South Africa
- North Africa
- Central Africa
- 7. Competitive Landscape
- Foremark Performance Chemicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hexion
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Georgia-Pacific Chemicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Celanese Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BASF SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Capital Resin Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Evonik Industries AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- DuPont
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Alfa Aesar
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ashland
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Perstorp
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- LRBG Chemicals Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- 8. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 9. References and Research Methodology
- References
- Research Methodology
- About us
- *Browse 32 market data tables and 28 figures on 'Formaldehyde Market' - Global forecast to 2032
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