Market Research Reports : Transparency Market Research published new market report "Formaldehyde Market for UF
Resins, PF Resins, MF Resins, Polyacetal Resins, Pentaerythritol, MDI, 1,
4-Butanediol, and Other Applications - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2012 - 2018," which observes that the formaldehyde demand in 2012 was worth USD
11.7 billion and is expected to generate the revenue of USD 18.1 billion by the
end of 2018, growing at a CAGR of 7.5% between 2012 and 2018.
Browse the full report at http://www.transparencymarketresearch.com/formaldehyde-market.html
Rebound in the
construction activity across the world is expected to drive demand for
different kinds of formaldehyde resins in the next six years. This in turn is
expected to propel the demand for formaldehyde in the years to come. Asia
Pacific has been witnessing strong growth across key end-use industries of
formaldehyde including construction, automobile and textiles. Volatile raw
material prices are expected to be a key concern for formaldehyde manufacturers
over the next five years.
Growing health
awareness and increasing environmental regulations are expected to restrict
demand for formaldehyde derivatives and thus limiting the growth of
formaldehyde market. In July 2010, the U.S. government imposed new formaldehyde
emission regulation "Formaldehyde Standards for Composite Wood Products
Act" for various products such as plywood, Medium Density Fiberboard
(MDF), and others. Moreover, in Europe, REACH has already imposed stringent
emission standards for formaldehyde emissions from wood products.
Urea formaldehyde
resins (UF Resins) accounted for over 39% share of total formaldehyde volumes
consumed in 2012. However, phenol formaldehyde (PF) resins are expected to
exhibit fastest growth during the next six years. With over 13% share in total
volume consumption, phenol formaldehyde resin was the second largest
application market for the formaldehydes in 2011.
Construction,
automobile, aerospace and textile are among the key end-user industries for
formaldehyde. Construction industry has remained the most predominant end-user
of formaldehyde with over 65.0% in total volume consumed in 2012.
Asia Pacific
accounted for 57.7% share of total formaldehyde volume consumed in 2012.
Moreover, the demand for formaldehyde in Asia Pacific is expected to show
robust growth in the years to come. In 2012, Europe was the second leading
geographic market for formaldehyde followed by North America. Some of the
leading industry participants include Bayer AG, BASF SE,
Celanese Corporation,
Huntsman Corporation, Dynea Oy, Momentive Specialty Chemical Inc., Georgia
Pacific Corporation, and Perstorp Formox AB.
Formaldehyde Market:
Application Analysis
·
UF
Resins
·
PF
Resins
·
MF
Resins
·
Polyacetal
Resins
·
Pentaerythritol
·
Methylenebis
(4-phenyl isocyanate) (MDI)
·
1,4-butanediol
Others
Formaldehyde Market: End Use
Analysis
·
Construction
·
Others
Formaldehyde Market: Regional
Analysis
·
North
America
·
Europe
·
Asia
Pacific
·
Rest
of the world
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