Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*
Formaldehyde Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
| A10577 | Pages: NA | Jun 2021 | 53 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Formaldehyde Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Formaldehyde Market Insights and Forecast -2027
Formaldehyde is an organic compound and is categorized as an aldehyde having only one carbon atom. It is also considered as the simplest aldehyde. Formaldehyde is industrially produced by the catalytic oxidation of methyl alcohol and acts as a precursor to several compounds including urea formaldehyde resin, plastics and others. Owing to its superior bonding properties, formaldehyde is extensively used in adhesives, coatings and even in certain insulation materials. Few of the major end-user industries of the formaldehyde market are construction, automobile, textile, personal care and agriculture.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Derivative, Application, Industry Vertical, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and rest of MEA) |
Companies covered | Bayer AG, Celanese Corporation, Dynea Oy, BASF SE, PerstorpFormox AB, Georgia Pacific Corporation, Huntsman Corporation, Hexion Inc., Momentive Specialty Chemical Inc., PJSC Metafrax, and Ercros S.A. |
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has impacted the global formaldehyde market to a great extent.
- The demand for the construction industry has decreased dramatically amidst the pandemic and most of the construction activities have almost come to a halt due to lack of workforce. As a result, the demand for formaldehyde in the construction industry for adhesives and coatings has reduced, thereby affecting the market.
- The outbreak of the global pandemic has created a downfall in the economy, which resulted in the decrease in disposable income among the consumers. As a result, the demand for personal care products has gone down causing a lowering in demand for formaldehyde in the personal care industry.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The wide array of applications of formaldehyde in the construction industry is one of the major factors responsible for the growth of the global formaldehyde market. Formaldehyde based resins are widely used to produce engineered wood products for moldings, furniture, shelving, stairs, cabinetry, flooring and in several other household furnishing and structures. Formaldehyde helps in high quality furniture with greater longevity at a cheaper price and also allows recycling of old furniture. Urea formaldehyde resin and melamine resin are commonly used as permanent adhesives for plywood and carpeting. On the other hand, formaldehyde is also used in sanitary paper products such as table napkins, facial napkins and paper towels. In the textile industry, formaldehyde based resin is used as finishers for producing crease resistant fabrics. It is also used in different personal care products such as toothpaste and mouthwash, owing to their antimicrobial properties. However, the high toxicity level of formaldehyde might act as a restraining factor for the market. Mergers and acquisitions of several companies including the acquisition of D.B. Western Inc. by SK Capital and expansion of business by major companies including SI Group by constructing advanced manufacturing facilities in Brazil is expected to boost the market during the forecast period.
The Asia-Pacific region is leading the global formaldehyde market with the rapid urbanization and increasing construction activities along with the growing automobile industry, which escalates the demand for formaldehyde in the region. The market in Europe and North America region is also expected to experience lucrative growth owing to increasing demand for formaldehyde in adhesives and the furniture industries of the region.
Key segments covered:
Segments | Sub-segments |
Derivative |
|
Application |
|
Industry Vertical |
|
Key benefits of the report:
- This study presents the analytical depiction of the global formaldehyde industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global formaldehyde market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global formaldehyde market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global formaldehyde market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Formaldehyde Market research report:
- What are the leading market players active in the formaldehyde market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Formaldehyde Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers