Research and Markets (http://www.researchandmarkets.com/research/3cgkr7/global) has announced the addition of the "Global Formaldehyde Market 2015-2019" report to their offering.
The Global Formaldehyde market will grow at a CAGR of 5.68% over the period 2014-2019
Formaldehyde is one of the most significant industrial aldehydes used to carry out catalytic oxidation of methanol. Manufacturers use formaldehyde to manufacture formaldehyde resins and other downstream products such as acetal resins, BDO, MDI, and pentaerythritol. It is mostly produced and supplied as formalin, the 37 percent aqueous solution of formaldehyde. Methanol acts as an anti-polymerization and anti-oxidation agent.
An increase in the demand for formaldehyde in China because of the significant economic and industrial development is a major trend in this market. China is expected to account for more than half of the total demand for formaldehyde and its derivatives in the Global Formaldehyde market during the forecast period owing to the rapid growth in the Automotive and Construction industries.
According to the report, an increase in the demand for amino resins, including UF, MF, and UMF, is one of the major drivers of the market. UF is increasingly being used for various industrial applications in emerging economies in the APAC region, especially in the Construction industry in India and China.
Further, the report states that volatility in the pricing of methanol, the major raw material in the production of formaldehyde, is one of the major challenges in the market. In recent years, the prices of formaldehyde and its derivatives have declined, making it difficult for the manufacturers of formaldehyde to maintain their profit margins.
Key Vendors
- BASF
- Celanese
- Dynea
- Georgia-Pacific Corp
- Johnson Matthey
- Momentive Specialty Chemicals
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Global Formaldehyde Market
- Market Segmentation by Application
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/3cgkr7/global