세계의 포름알데히드 시장 수요 및 예측 분석(2018-2034년)

Formaldehyde is a crucial chemical building block widely used across numerous industries due to its versatile properties and functionality. It primarily serves as a key raw material in production of various products such as melamine formaldehyde, urea formaldehyde, and phenol-formaldehyde resins. These resins find extensive applications in adhesives, coatings, molding compounds, laminates, and construction materials, playing an essential role in sectors like furniture manufacturing, automotive, electronics, and textiles. The ability of formaldehyde-based resins to enhance durability, water resistance, and thermal stability makes them indispensable for producing high-performance end-products.

Formaldehyde Demand Analysis

The formaldehyde market is segmented into three main resin categories urea formaldehyde resins, melamine formaldehyde resins, and phenol-formaldehyde resins alongside other specialty resin products. Urea formaldehyde resins dominate due to their affordability and effective adhesive qualities, widely used in plywood, particleboard, and medium-density fiberboard production. These resins provide a strong bonding solution while maintaining cost efficiency, driving their popularity in the construction and furniture industries. Melamine formaldehyde resins, known for their excellent heat resistance, hardness, and aesthetic appeal, are utilized heavily in laminates, coatings, and molded products, including kitchen countertops and decorative surfaces. Phenol-formaldehyde resins, valued for their mechanical strength and high thermal stability, are applied in automotive components, electrical appliances, and insulation materials. The 'others' category encompasses specialty resins developed to meet unique industrial requirements, including environmentally friendly and low-emission variants.

Key Players in the Market

The global formaldehyde market is highly competitive and characterized by the presence of several leading chemical manufacturers and specialty chemical producers. Prominent companies include Johnson Matthey Process Technologies, Foremark Performance Chemicals, Huntsman International, Momentive Specialty Chemical Inc., Dynea AS, Alder S.p.A, Georgia-Pacific Chemicals, Celanese, and BASF SE. These companies are actively investing in research and development, expanding their production capacities, and adopting sustainable practices to strengthen their market position and cater to evolving customer demands.

Regional Demand

Asia Pacific remains the largest and fastest growing region for formaldehyde and its derivatives. This growth is primarily driven by booming construction, furniture manufacturing, and automotive sectors in China, India, Japan, and Southeast Asia. Investments in infrastructure development and urban housing projects are estimated to sustain demand for formaldehyde resins in this region. North America and Europe exhibit mature markets characterized by steady consumption growth, strong regulatory oversight, and a focus on innovation in green chemistry. Demand in these regions is propelled by renovation and reconstruction activities, automotive production, and evolving environmental standards. Emerging markets in Latin America and the Middle East & Africa also present new growth opportunities as industrialization and infrastructure investments increase. However, slower economic growth and regulatory challenges may temper demand in these regions.

Market Drivers and Growth Factors

The global formaldehyde market is growing steadily, propelled by several key factors. Increasing urbanization and infrastructural development in emerging economies have fueled demand for engineered wood products and construction materials, both heavily reliant on formaldehyde resins. Rapid growth in residential and commercial construction projects across Asia-Pacific, especially in China and India, has created substantial market opportunities. Additionally, the automotive sector's expanding use of phenolic resins to manufacture lightweight yet durable parts is driving demand. This shift towards high-performance materials to meet stringent regulatory standards for emissions and safety further supports the formaldehyde market growth.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Automotive & Transportation
• Electrical & Electronics
• Others

5. Introduction to Formaldehyde and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Formaldehyde Demand Analysis, By Application (Volume, Value) (2018 - 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Formaldehyde Market, By Application
• Urea Formaldehyde Resins
• Melamine Formaldehyde Resins
• Phenol Formaldehyde Resins
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Formaldehyde Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Formaldehyde Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• Johnson Matthey Process Technologies
• Foremark Performance Chemicals
• Huntsman International
• Momentive Specialty Chemical Inc.
• Dynea AS
• Alder S.p.A
• Georgia-Pacific Chemicals
• Celanese
• BASF SE
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries