Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Formaldehyde Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Formaldehyde Market Grow Between 2024 and 2025?
The formaldehyde market has seen robust growth in recent times. It was valued at $22.55 billion in 2024 and is projected to reach $23.68 billion in 2025, growing at a compound annual growth rate of 5.0%. The historical growth trend in the Formaldehyde market has been strong.
How Much Will the Formaldehyde Market Be Worth in 2029?
The formaldehyde market is projected to reach $31.85 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%.
Download the Free Sample Now:
Which Formaldehyde Market Drivers Are Linked to Revenue Growth?
The key Drivers in the formaldehyde market are:
• Increasing demand from the construction industry
• Use of formaldehyde in the production of glues, resins, and construction materials
• The process of construction, such as building and repairing, requires formaldehyde
• Projections of significant growth in construction output by 2030
Which Segments Are Expected to Grow in the Formaldehyde Market?
The formaldehydemarket covered in this report is segmented –
1) By Type: Urea Formaldehyde, Phenol Formaldehyde, Melamine Formaldehyde, Polyoxymethylene, Other Types
2) By Application: Resins, Fibers, Solvents, Plasticizers, Drying Agents, Other Chemical Intermediates
3) By End-User: Construction, Furniture, Automotive, Healthcare, Other End-Users
Explore the Complete Market Report:
What Are The Key Trends Impacting Growth In The Global Formaldehyde Market?
The key trends in the formaldehyde market are:
• A rising trend is for companies to expand their manufacturing facilities for increased production capacity.
• This expansion aims to meet the growing demand for formaldehyde in various industries.
• Advanced technologies, such as metal oxide-based technology, are being implemented in new facilities.
• The formaldehyde market is expected to grow both in domestic and international markets.
Who Are the Key Competitors in the Global Formaldehyde Market?
The key players in the formaldehyde market are:
• BASF SE
• Johnson Matthey Process Technologies
• AkzoNobel NV
• Celanese Corporation
• Georgia-Pacific Chemicals LLC
• Huntsman International LLC
• Hexion Inc.
• Allnex GMBH
• Perstorp Holding AB
• Acron Group
• Arclin Inc.
• Atul Ltd.
• Momentive Specialty Chemical Inc.
• Prefere Resins Holding GmbH
• Sprea Misr
• Cornerstone Chemical
• Metafrax
• Pörner Ingenieurgesellschaft mbH
• Metadynea Metafrax Group
• Kanoria Chemicals & Industries Ltd.
• Dynea Oy
• Foremark Performance Chemicals
• Pacific Texchem Private Limited
• Frati Luigi S.p.A
• Balaji Formalin Private Limited
• Alder S.p.A
• Simalin Chemicals Industries Limited
Where Is the Formaldehyde Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the formaldehyde market in 2024
