Global Formaldehyde Market Growth 2023-2029

Formaldehyde (systematic name methanal) is a naturally occurring organic compound with the formula CH2O (H-CHO). It is the simplest of the aldehydes (R-CHO). The common name of this substance comes from its similarity and relation to formic acid.

LPI (LP Information)' newest research report, the “Formaldehyde Industry Forecast” looks at past sales and reviews total world Formaldehyde sales in 2022, providing a comprehensive analysis by region and market sector of projected Formaldehyde sales for 2023 through 2029. With Formaldehyde sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Formaldehyde industry.

This Insight Report provides a comprehensive analysis of the global Formaldehyde landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Formaldehyde portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Formaldehyde market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Formaldehyde and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Formaldehyde.

The global Formaldehyde market size is projected to grow from US$ 12100 million in 2022 to US$ 13870 million in 2029; it is expected to grow at a CAGR of 13870 from 2023 to 2029.

The major players in global Formaldehyde market include Hexion, Celanese, Dynea, etc. The top 3 players occupy about 5% shares of the global market. China and Europe are main markets, they occupy about 60% of the global market. Silver-catalytic Oxidation is the main type, with a share about 80%. Trialdehyde resin is the main application, which holds a share about 50%.

This report presents a comprehensive overview, market shares, and growth opportunities of Formaldehyde market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Silver-catalytic Oxidation
    Iron-molybdenum Cofactor

Segmentation by application
    Polyformaldehyde
    Pentaerythritol
    MDI
    1,4-Butanediol
    Trialdehyde resin
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Dynea
    Ercros
    BASF
    Perstorp
    Hexion
    Celanese
    Sadepan Chimica
    Synthite
    Georgia-Pacific Chemicals
    Kaiyue Group

Key Questions Addressed in this Report
What is the 10-year outlook for the global Formaldehyde market?
What factors are driving Formaldehyde market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Formaldehyde market opportunities vary by end market size?
How does Formaldehyde break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Formaldehyde Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Formaldehyde Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Silver-catalytic Oxidation
    Table 4. Major Players of Iron-molybdenum Cofactor
    Table 5. Global Formaldehyde Sales by Type (2018-2023) & (K MT)
    Table 6. Global Formaldehyde Sales Market Share by Type (2018-2023)
    Table 7. Global Formaldehyde Revenue by Type (2018-2023) & ($ million)
    Table 8. Global Formaldehyde Revenue Market Share by Type (2018-2023)
    Table 9. Global Formaldehyde Sale Price by Type (2018-2023) & (USD/MT)
    Table 10. Global Formaldehyde Sales by Application (2018-2023) & (K MT)
    Table 11. Global Formaldehyde Sales Market Share by Application (2018-2023)
    Table 12. Global Formaldehyde Revenue by Application (2018-2023)
    Table 13. Global Formaldehyde Revenue Market Share by Application (2018-2023)
    Table 14. Global Formaldehyde Sale Price by Application (2018-2023) & (USD/MT)
    Table 15. Global Formaldehyde Sales by Company (2018-2023) & (K MT)
    Table 16. Global Formaldehyde Sales Market Share by Company (2018-2023)
    Table 17. Global Formaldehyde Revenue by Company (2018-2023) ($ Millions)
    Table 18. Global Formaldehyde Revenue Market Share by Company (2018-2023)
    Table 19. Global Formaldehyde Sale Price by Company (2018-2023) & (USD/MT)
    Table 20. Key Manufacturers Formaldehyde Producing Area Distribution and Sales Area
    Table 21. Players Formaldehyde Products Offered
    Table 22. Formaldehyde Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 23. New Products and Potential Entrants
    Table 24. Mergers & Acquisitions, Expansion
    Table 25. Global Formaldehyde Sales by Geographic Region (2018-2023) & (K MT)
    Table 26. Global Formaldehyde Sales Market Share Geographic Region (2018-2023)
    Table 27. Global Formaldehyde Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 28. Global Formaldehyde Revenue Market Share by Geographic Region (2018-2023)
    Table 29. Global Formaldehyde Sales by Country/Region (2018-2023) & (K MT)
    Table 30. Global Formaldehyde Sales Market Share by Country/Region (2018-2023)
    Table 31. Global Formaldehyde Revenue by Country/Region (2018-2023) & ($ millions)
    Table 32. Global Formaldehyde Revenue Market Share by Country/Region (2018-2023)
    Table 33. Americas Formaldehyde Sales by Country (2018-2023) & (K MT)
    Table 34. Americas Formaldehyde Sales Market Share by Country (2018-2023)
    Table 35. Americas Formaldehyde Revenue by Country (2018-2023) & ($ Millions)
    Table 36. Americas Formaldehyde Revenue Market Share by Country (2018-2023)
    Table 37. Americas Formaldehyde Sales by Type (2018-2023) & (K MT)
    Table 38. Americas Formaldehyde Sales by Application (2018-2023) & (K MT)
    Table 39. APAC Formaldehyde Sales by Region (2018-2023) & (K MT)
    Table 40. APAC Formaldehyde Sales Market Share by Region (2018-2023)
    Table 41. APAC Formaldehyde Revenue by Region (2018-2023) & ($ Millions)
    Table 42. APAC Formaldehyde Revenue Market Share by Region (2018-2023)
    Table 43. APAC Formaldehyde Sales by Type (2018-2023) & (K MT)
    Table 44. APAC Formaldehyde Sales by Application (2018-2023) & (K MT)
    Table 45. Europe Formaldehyde Sales by Country (2018-2023) & (K MT)
    Table 46. Europe Formaldehyde Sales Market Share by Country (2018-2023)
    Table 47. Europe Formaldehyde Revenue by Country (2018-2023) & ($ Millions)
    Table 48. Europe Formaldehyde Revenue Market Share by Country (2018-2023)
    Table 49. Europe Formaldehyde Sales by Type (2018-2023) & (K MT)
    Table 50. Europe Formaldehyde Sales by Application (2018-2023) & (K MT)
    Table 51. Middle East & Africa Formaldehyde Sales by Country (2018-2023) & (K MT)
    Table 52. Middle East & Africa Formaldehyde Sales Market Share by Country (2018-2023)
    Table 53. Middle East & Africa Formaldehyde Revenue by Country (2018-2023) & ($ Millions)
    Table 54. Middle East & Africa Formaldehyde Revenue Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Formaldehyde Sales by Type (2018-2023) & (K MT)
    Table 56. Middle East & Africa Formaldehyde Sales by Application (2018-2023) & (K MT)
    Table 57. Key Market Drivers & Growth Opportunities of Formaldehyde
    Table 58. Key Market Challenges & Risks of Formaldehyde
    Table 59. Key Industry Trends of Formaldehyde
    Table 60. Formaldehyde Raw Material
    Table 61. Key Suppliers of Raw Materials
    Table 62. Formaldehyde Distributors List
    Table 63. Formaldehyde Customer List
    Table 64. Global Formaldehyde Sales Forecast by Region (2024-2029) & (K MT)
    Table 65. Global Formaldehyde Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 66. Americas Formaldehyde Sales Forecast by Country (2024-2029) & (K MT)
    Table 67. Americas Formaldehyde Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 68. APAC Formaldehyde Sales Forecast by Region (2024-2029) & (K MT)
    Table 69. APAC Formaldehyde Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 70. Europe Formaldehyde Sales Forecast by Country (2024-2029) & (K MT)
    Table 71. Europe Formaldehyde Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 72. Middle East & Africa Formaldehyde Sales Forecast by Country (2024-2029) & (K MT)
    Table 73. Middle East & Africa Formaldehyde Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Global Formaldehyde Sales Forecast by Type (2024-2029) & (K MT)
    Table 75. Global Formaldehyde Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 76. Global Formaldehyde Sales Forecast by Application (2024-2029) & (K MT)
    Table 77. Global Formaldehyde Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 78. Dynea Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 79. Dynea Formaldehyde Product Portfolios and Specifications
    Table 80. Dynea Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 81. Dynea Main Business
    Table 82. Dynea Latest Developments
    Table 83. Ercros Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 84. Ercros Formaldehyde Product Portfolios and Specifications
    Table 85. Ercros Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 86. Ercros Main Business
    Table 87. Ercros Latest Developments
    Table 88. BASF Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 89. BASF Formaldehyde Product Portfolios and Specifications
    Table 90. BASF Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 91. BASF Main Business
    Table 92. BASF Latest Developments
    Table 93. Perstorp Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 94. Perstorp Formaldehyde Product Portfolios and Specifications
    Table 95. Perstorp Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 96. Perstorp Main Business
    Table 97. Perstorp Latest Developments
    Table 98. Hexion Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 99. Hexion Formaldehyde Product Portfolios and Specifications
    Table 100. Hexion Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 101. Hexion Main Business
    Table 102. Hexion Latest Developments
    Table 103. Celanese Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 104. Celanese Formaldehyde Product Portfolios and Specifications
    Table 105. Celanese Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 106. Celanese Main Business
    Table 107. Celanese Latest Developments
    Table 108. Sadepan Chimica Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 109. Sadepan Chimica Formaldehyde Product Portfolios and Specifications
    Table 110. Sadepan Chimica Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 111. Sadepan Chimica Main Business
    Table 112. Sadepan Chimica Latest Developments
    Table 113. Synthite Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 114. Synthite Formaldehyde Product Portfolios and Specifications
    Table 115. Synthite Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 116. Synthite Main Business
    Table 117. Synthite Latest Developments
    Table 118. Georgia-Pacific Chemicals Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 119. Georgia-Pacific Chemicals Formaldehyde Product Portfolios and Specifications
    Table 120. Georgia-Pacific Chemicals Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 121. Georgia-Pacific Chemicals Main Business
    Table 122. Georgia-Pacific Chemicals Latest Developments
    Table 123. Kaiyue Group Basic Information, Formaldehyde Manufacturing Base, Sales Area and Its Competitors
    Table 124. Kaiyue Group Formaldehyde Product Portfolios and Specifications
    Table 125. Kaiyue Group Formaldehyde Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 126. Kaiyue Group Main Business
    Table 127. Kaiyue Group Latest Developments
List of Figures
    Figure 1. Picture of Formaldehyde
    Figure 2. Formaldehyde Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Formaldehyde Sales Growth Rate 2018-2029 (K MT)
    Figure 7. Global Formaldehyde Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Formaldehyde Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Silver-catalytic Oxidation
    Figure 10. Product Picture of Iron-molybdenum Cofactor
    Figure 11. Global Formaldehyde Sales Market Share by Type in 2022
    Figure 12. Global Formaldehyde Revenue Market Share by Type (2018-2023)
    Figure 13. Formaldehyde Consumed in Polyformaldehyde
    Figure 14. Global Formaldehyde Market: Polyformaldehyde (2018-2023) & (K MT)
    Figure 15. Formaldehyde Consumed in Pentaerythritol
    Figure 16. Global Formaldehyde Market: Pentaerythritol (2018-2023) & (K MT)
    Figure 17. Formaldehyde Consumed in MDI
    Figure 18. Global Formaldehyde Market: MDI (2018-2023) & (K MT)
    Figure 19. Formaldehyde Consumed in 1,4-Butanediol
    Figure 20. Global Formaldehyde Market: 1,4-Butanediol (2018-2023) & (K MT)
    Figure 21. Formaldehyde Consumed in Trialdehyde resin
    Figure 22. Global Formaldehyde Market: Trialdehyde resin (2018-2023) & (K MT)
    Figure 23. Formaldehyde Consumed in Others
    Figure 24. Global Formaldehyde Market: Others (2018-2023) & (K MT)
    Figure 25. Global Formaldehyde Sales Market Share by Application (2022)
    Figure 26. Global Formaldehyde Revenue Market Share by Application in 2022
    Figure 27. Formaldehyde Sales Market by Company in 2022 (K MT)
    Figure 28. Global Formaldehyde Sales Market Share by Company in 2022
    Figure 29. Formaldehyde Revenue Market by Company in 2022 ($ Million)
    Figure 30. Global Formaldehyde Revenue Market Share by Company in 2022
    Figure 31. Global Formaldehyde Sales Market Share by Geographic Region (2018-2023)
    Figure 32. Global Formaldehyde Revenue Market Share by Geographic Region in 2022
    Figure 33. Americas Formaldehyde Sales 2018-2023 (K MT)
    Figure 34. Americas Formaldehyde Revenue 2018-2023 ($ Millions)
    Figure 35. APAC Formaldehyde Sales 2018-2023 (K MT)
    Figure 36. APAC Formaldehyde Revenue 2018-2023 ($ Millions)
    Figure 37. Europe Formaldehyde Sales 2018-2023 (K MT)
    Figure 38. Europe Formaldehyde Revenue 2018-2023 ($ Millions)
    Figure 39. Middle East & Africa Formaldehyde Sales 2018-2023 (K MT)
    Figure 40. Middle East & Africa Formaldehyde Revenue 2018-2023 ($ Millions)
    Figure 41. Americas Formaldehyde Sales Market Share by Country in 2022
    Figure 42. Americas Formaldehyde Revenue Market Share by Country in 2022
    Figure 43. Americas Formaldehyde Sales Market Share by Type (2018-2023)
    Figure 44. Americas Formaldehyde Sales Market Share by Application (2018-2023)
    Figure 45. United States Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 46. Canada Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 47. Mexico Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 48. Brazil Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 49. APAC Formaldehyde Sales Market Share by Region in 2022
    Figure 50. APAC Formaldehyde Revenue Market Share by Regions in 2022
    Figure 51. APAC Formaldehyde Sales Market Share by Type (2018-2023)
    Figure 52. APAC Formaldehyde Sales Market Share by Application (2018-2023)
    Figure 53. China Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 54. Japan Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 55. South Korea Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Southeast Asia Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 57. India Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 58. Australia Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 59. China Taiwan Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 60. Europe Formaldehyde Sales Market Share by Country in 2022
    Figure 61. Europe Formaldehyde Revenue Market Share by Country in 2022
    Figure 62. Europe Formaldehyde Sales Market Share by Type (2018-2023)
    Figure 63. Europe Formaldehyde Sales Market Share by Application (2018-2023)
    Figure 64. Germany Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 65. France Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 66. UK Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 67. Italy Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 68. Russia Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 69. Middle East & Africa Formaldehyde Sales Market Share by Country in 2022
    Figure 70. Middle East & Africa Formaldehyde Revenue Market Share by Country in 2022
    Figure 71. Middle East & Africa Formaldehyde Sales Market Share by Type (2018-2023)
    Figure 72. Middle East & Africa Formaldehyde Sales Market Share by Application (2018-2023)
    Figure 73. Egypt Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 74. South Africa Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 75. Israel Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 76. Turkey Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 77. GCC Country Formaldehyde Revenue Growth 2018-2023 ($ Millions)
    Figure 78. Manufacturing Cost Structure Analysis of Formaldehyde in 2022
    Figure 79. Manufacturing Process Analysis of Formaldehyde
    Figure 80. Industry Chain Structure of Formaldehyde
    Figure 81. Channels of Distribution
    Figure 82. Global Formaldehyde Sales Market Forecast by Region (2024-2029)
    Figure 83. Global Formaldehyde Revenue Market Share Forecast by Region (2024-2029)
    Figure 84. Global Formaldehyde Sales Market Share Forecast by Type (2024-2029)
    Figure 85. Global Formaldehyde Revenue Market Share Forecast by Type (2024-2029)
    Figure 86. Global Formaldehyde Sales Market Share Forecast by Application (2024-2029)
    Figure 87. Global Formaldehyde Revenue Market Share Forecast by Application (2024-2029)

Dynea
Ercros
BASF
Perstorp
Hexion
Celanese
Sadepan Chimica
Synthite
Georgia-Pacific Chemicals
Kaiyue Group

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape