Formaldehyde Market Is Expected To Grow At A CAGR Of 7.1% From 2014 To 2020: Grand View Research, Inc.

Global Formaldehyde Market By Application (UF
Resins, PF Resins, MF Resins, Polyacetal Resins,
Pentaerythritol, Methylenebis, BDO), By End Use
(Construction, Automotive, Furniture) Expected To
Reach USD 21.03 Billion By 2020: Grand View
Research, Inc
The Global Formaldehyde Market is expected to reach USD 21.03 billion by 2020, according to
a new study by Grand View Research Inc. Growth in furniture and construction industry along
with increasing concentration in Asia Pacific is expected to be a key driver for the market over
the next six years. Fluctuating raw material prices coupled with the increasing consumer
awareness regarding harmful effects of formaldehyde is expected to be a major challenge for the
market over the forecast period. In addition, stringent environmental regulations, imposed by
REACH on formaldehyde emissions from wood products are expected to further hinder the
growth of the market.
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Table of Contents
Chapter 1. Executive Summary
1.1. Formaldehyde– Industry Summary and Critical Success Factors (CSFs)
Chapter 2. FormaldehydeIndustry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. FormaldehydeMarket Dynamics
2.3.1. Market Driver Analysis
2.3.1.1.
Growth of automotive and construction industries
2.3.1.2.
Feedstock requirements in manufacturing processes
2.3.2.
Market Restraint Analysis
2.3.3.
Raw material price volatility
2.3.4.
Health concerns
2.4. Key Opportunities Prioritized
2.5. Industry Analysis - Porter's
2.6. Formaldehyde- Company Market Share Analysis
2.7. FormaldehydeMarket PESTEL Analysis, 2012
2.8. Formaldehyde – Pipeline Overview
Chapter 3. Formaldehyde Application Outlook
3.1. PF resins
3.1.1. market estimates and forecast from PF resins, 2012 – 2020 (Kilo Tons, USD
Million)
3.2. UF resins
3.2.1. market estimates and forecast from UF resins, 2012 – 2020 (Kilo Tons, USD
Million)
3.3. MF resins
3.3.1. market estimates and forecast from MF resins, 2012 – 2020 (Kilo Tons, USD
Million)
3.4. Polyacetal resins
3.4.1. market estimates and forecast from polyacetal resins, 2012 – 2020 (Kilo
Tons, USD Million)
3.5. Pentaerythritol
3.5.1. market estimates and forecast from pentaerythritol, 2012 – 2020 (Kilo Tons,
USD Million)
3.6. 1,4-Butanediol
3.6.1. market estimates and forecast from 1,4-butanediol, 2012 – 2020 (Kilo Tons,
USD Million)
3.7. Methylenebis
3.7.1. market estimates and forecast from methylenebis, 2012 – 2020 (Kilo Tons,
USD Million)
Chapter 4. Formaldehyde End Use Outlook
4.1. Construction
4.1.1. market estimates and forecast from construction industry, 2012 – 2020 (Kilo
Tons, USD Million)
4.2. Automotive
4.2.1. market estimates and forecast from automotive industry, 2012 – 2020 (Kilo
Tons, USD Million)
4.3. Furniture
4.3.1. market estimates and forecast from furniture industry, 2012 – 2020 (Kilo
Tons, USD Million)
Chapter 5. FormaldehydeRegional Outlook
5.1. North America
5.1.1. Market Estimates and Forecasts, 2012 – 2020 (Kilo Tons, USD Million)
5.1.2. Market Estimates and Forecasts, by End Use, 2012 – 2020 (Kilo Tons, USD
Million)
5.1.3. Market Estimates and Forecasts, by Applications, 2012 – 2020 (Kilo Tons,
USD Million)
5.2. Europe
5.2.1. Market Estimates and Forecasts, 2012 – 2020 (Kilo Tons, USD Million)
5.2.2. Market Estimates and Forecasts, by End Use, 2012 – 2020 (Kilo Tons, USD
Million)
5.2.3. Market Estimates and Forecasts, by Applications, 2012 – 2020 (Kilo Tons,
USD Million)
5.3. Asia Pacific
5.3.1. Market Estimates and Forecasts, 2012 – 2020 (Volume, USD Million)
5.3.2. Market Estimates and Forecasts, by End Use, 2012 – 2020 (Kilo Tons, USD
Million)
5.3.3. Market Estimates and Forecasts, by Applications, 2012 – 2020 (Kilo Tons,
USD Million)
5.4. RoW
5.4.1. Market Estimates and Forecasts, 2012 – 2020 (Kilo Tons, USD Million)
5.4.2. Market Estimates and Forecasts, by End Use, 2012 – 2020 (Kilo Tons, USD
Million)
5.4.3. Market Estimates and Forecasts, by Applications, 2012 – 2020 (Kilo Tons,
USD Million)
Chapter 6. Competitive Landscape
6.1 Dynea Oy
6.1.1
Company Overview
6.1.2
Financial Performance
6.1.3
Product Benchmarking
6.1.4
Strategic Initiatives
6.2 Bayer AG
6.2.1
Company Overview
6.2.2
Financial Performance
6.2.3
Product Benchmarking
6.2.4
Strategic Initiatives
6.3 Celanese Corporation
6.3.1
Company Overview
6.3.2
Financial Performance
6.3.3
Product Benchmarking
6.3.4
Strategic Initiatives
6.4 BASF SE
6.4.1
Company Overview
6.4.2
Financial Performance
6.4.3
Product Benchmarking
6.4.4
Strategic Initiatives
6.5 Perstorp Formox AB
6.5.1
Company Overview
6.5.2
Financial Performance
6.5.3
Product Benchmarking
6.5.4
Strategic Initiatives
6.6 Georgia Pacific Corporation
6.6.1
Company Overview
6.6.2
Financial Performance
6.6.3
Product Benchmarking
6.6.4
Strategic Initiatives
6.7 Momentive Specialty Chemical Inc.
5.7.1
Company Overview
5.7.2
Financial Performance
5.7.3
Product Benchmarking
5.7.4
Strategic Initiatives
6.8 Huntsman Corporation
6.8.1
Company Overview
6.8.2
Financial Performance
6.8.3
Product Benchmarking
6.8.4
Strategic Initiatives
Chapter 7. Methodology and Scope
7.1. Research Methodology
7.2. Research Scope & Assumption
7.3. List of Data Sources
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List of Tables
1. Formaldehyde– Industry summary &Critical Success Factors (CSFs)
2. Global Formaldehyde market volume andrevenue,(Kilo Tons) (USD Million) 2012 - 2020
3. Global Formaldehydemarket revenue by region,(USD million), 2012 – 2020
4. Global Formaldehyde market volume by region, (Kilo Tons), 2012 – 2020
5. Global Formaldehyde market revenue by end use,(USD million), 2012 - 2020
6. Global Formaldehydemarket volume by end use, (Kilo Tons), 2012 – 2020
7. Global Formaldehyde market revenue by application,(USD million), 2012 – 2020
8. Global Formaldehyde market volume by application, (Kilo Tons), 2012 - 2020
9. Global demand for Formaldehyde inconstructionindustry, 2012 to 2020 (Kilo Tons)(USD
million)
10. Global demand for Formaldehyde in automotive industry, 2012 to 2020 (Kilo Tons) (USD
million)
11. Global demand for Formaldehyde in furniture industry, 2012 to 2020 (Kilo Tons) (USD
million)
12. Global human recombinant Formaldehyde market, 2012 to 2020 (Kilo Tons)(USD million)
13. Global Formaldehyde for PF resins market, 2012 to 2020 (Kilo Tons)(USD million)
14. Global Formaldehydefor UF resinsmarket, 2012 to 2020 (Kilo Tons)(USD million)
15. Global Formaldehyde for MF resins market, 2012 to 2020 (Kilo Tons)(USD million)
16. Global Formaldehyde for Polyacetal resins market, 2012 to 2020 (Kilo Tons)(USD million)
17. Global Formaldehyde for Pentaerythritol market, 2012 to 2020 (Kilo Tons)(USD million)
18. Global Formaldehyde for 1,4-butanediol market, 2012 to 2020 (Kilo Tons)(USD million)
19. Global Formaldehyde for Methylenebis market, 2012 to 2020 (Kilo Tons)(USD million)
20. North AmericaFormaldehyde market revenue by end use,(USD million), 2012 - 2020
21. North AmericaFormaldehyde market volume by end use, (Kilo Tons), 2012 – 2020
22. North AmericaFormaldehyde market revenue by application,(USD million), 2012 – 2020
23. North AmericaFormaldehyde market volume by application, (Kilo Tons), 2012 - 2020
24. EuropeFormaldehyde market revenue by end use,(USD million), 2012 - 2020
25. EuropeFormaldehyde market volume by end use, (Kilo Tons), 2012 – 2020
26. EuropeFormaldehyde market revenue by application,(USD million), 2012 – 2020
27. EuropeFormaldehyde market volume by application, (Kilo Tons), 2012 – 2020
28. Asia PacificFormaldehyde market revenue by end use,(USD million), 2012 - 2020
29. Asia PacificFormaldehyde market volume by end use, (Kilo Tons), 2012 – 2020
30. Asia PacificFormaldehyde market revenue by application,(USD million), 2012 – 2020
31. Asia PacificFormaldehyde market volume by application, (Kilo Tons), 2012 – 2020
32. Row Formaldehyde market revenue by end use,(USD million), 2012 - 2020
33. Row Formaldehyde market volume by end use, (Kilo Tons), 2012 – 2020
34. Row Formaldehyde market revenue by application,(USD million), 2012 – 2020
35. Row Formaldehyde market volume by application, (Kilo Tons), 2012 – 2020
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List of Figures
1. FormaldehydeMarket Segmentation
2. Global FormaldehydeMarket Revenue, 2012 - 2020
3. FormaldehydeMarket Dynamics
4. FormaldehydeCompany Market Share Analysis, 2012
5. Key Opportunities Prioritized
6. Industry Analysis - Porter's
7. FormaldehydePESTEL Analysis, 2012
8. Global Formaldehyde market share by end use, 2012 – 2020
9. Global Formaldehydeconstruction market, (Kilo Tons) (USD million), 2012 – 2020
10. Global Formaldehyde automotive market, (Kilo Tons) (USD million), 2012 – 2020
11. Global Formaldehyde furniture market, (Kilo Tons) (USD million), 2012 – 2020
12. Global Formaldehyde market share by applications, 2012 – 2020
13. Global Formaldehyde for PF resins, 2012 to 2020 (Kilo Tons)(USD million)
14. Global Formaldehyde for UF resins, 2012 to 2020 (Kilo Tons)(USD million)
15. Global Formaldehyde for MF resins, 2012 to 2020 (Kilo Tons)(USD million)
16. Global Formaldehyde for Polyacetal resins, 2012 to 2020 (Kilo Tons)(USD million)
17. Global Formaldehyde for Pentaerythritol, 2012 to 2020 (Kilo Tons)(USD million)
18. Global Formaldehyde for 1,4-butanediol, 2012 to 2020 (Kilo Tons)(USD million)
19. Global Formaldehyde for Methylenebis, 2012 to 2020 (Kilo Tons)(USD million)
20. Global Formaldehyde market share, by region, 2012 – 2020
21. North America formaldehyde market estimates and forecast, (Kilo Tons) (USD million),
2012-2020
22. Europe formaldehyde market estimates and forecast, (Kilo Tons) (USD million), 2012-2020
23. Asia Pacific formaldehyde market estimates and forecast, (Kilo Tons) (USD million), 20122020
24. RoW formaldehyde market estimates and forecast, (Kilo Tons) (USD million), 2012-2020
Further key findings from the study suggest:

UF Resins dominated the application market in terms of revenue and volume, accounting
for over 39% of global market volume in 2013. PF resins are expected to be fastest
growing application segment, at an estimated CAGR of 7.1 % from 2014 to 2020.

Growing consumption of phenol formaldehyde in automotive and construction industry
as insulation foams and binders is expected to augment demand. In addition, increasing
demand for PF resins from the oil and gas industry is expected to further fuel the
formaldehyde market.

Construction was the largest end use market for formaldehyde, with demand in excess of
23 million tons in 2013. Formaldehyde is extensively used in construction materials such
as cabinet doors, medium density fiberboards and strand boards resulting in high demand
from the segment.

Asia Pacific was the largest regional market for formaldehyde, accounting for revenue of
USD 6.74 billion in 2013 owing to increased production of textile, automotive and
cosmetics. Emerging markets in Latin America, Middle East and Africa are expected to
show combined growth at an estimated CAGR of 6.4 % from 2014 to 2020.

Global formaldehyde market is highly fragmented with top four companies accounting
for less than 15% of global revenue in 2013. Key industry participants include Dynea Oy,
Bayer AG, Celanese Corporation, and BASF SE, Formox AB, Georgia Pacific
Corporation, Momentive Specialty Chemical Inc. and Huntsman Corporation.
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For the purpose of this study, Grand View Research has segmented the formaldehyde market on
the basis of application, end use and region:
Global Formaldehyde Application Outlook (Volume, Kilo tons; Revenue, USD Million,
2012 - 2020)
• UF Resins
• PF Resins
• MF Resins
• Polyacetal Resins
• Pentaerythritol
• Methylenebis (4-phenyl isocyanate) (MDI)
• 1,4-butanediol
• Others
Global Formaldehyde End Use Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 2020)
• Construction
• Others (automotive, aircraft, healthcare, clothing
Global Formaldehyde Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 2020)
• North America
• Europe
• Asia Pacific
• RoW
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