Formaldehyde Market anticipated to witness significant growth by 2025

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Global Formaldehyde Market anticipated to witness
significant growth by 2025 Global Market
Insights Inc.
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Regional Analysis of Formaldehyde Market

• North America led by Mexico, Canada and the U.S.
  formaldehyde market size may experience growth
  owing rising demand from office furniture
  industry. Growing construction of commercial
  building and office spaces may drive demand for
  wooden panels, thus propelling product demand.
• Europe led by France, UK, Germany formaldehyde
  market size is projected grow significantly in
  the projected timeframe. Shifting trend towards
  healthy life style is likely to drive demand for
  antiseptic and disinfectant which may foster
  industry growth.
• Asia Pacific led by Japan, India and China market
  size is projected to grow significantly in the
  estimated timeline owing to end-use application
  in automobile industry. Growing automobile
  industry in China and India are likely to boost
  market size owing to its downstream application
  in automobile industry.

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Application Analysis of Formaldehyde Market

• Formaldehyde based resins find application in
  textile industry owing to its property to improve
  fabrics resistance to wrinkles and creases. The
  product is added to dyes and pigments pertaining
  to textile industry. This process helps in
  prevention of color fading owing to their binding
  property helping the fabric to retain the color.
  The global textiles dyes market likely to surpass
  USD 8.5 billion by 2025 and would drive product
  demand.
• Solution of the product find application in
  preservation of human and animal specimens owing
  to its property to preserve tissues and cells by
  cross linking DNA or nitrogen in protein with
  primary amino groups. The product is extensively
  used as an embalming agent to preserve cadavers
  from decomposition. Global embalming agent market
  is projected to reach USD 14 billion by 2026
  which may drive up formaldehyde market size.

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Market research reports Key analytical components
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Competitive Market Share of Formaldehyde Market

• Global formaldehyde market share is fragmented.
  Major players operating in this industry includes
  Huntsman Corporation, BASF SE, Dynea Oy,
  Momentive Specialty Chemical Inc., Bayer AG,
  Georgia Pacific Corporation, Perstorp Formox AB
  and Celanese Corporation.

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