Formaldehyde Market is expected to grow at a CAGR of 2%-4% - An exclusive market research report by Lucintel

Lucintel's latest market report analyzed that formaldehyde provides attractive opportunities in the construction, automotive, cosmetics, and furniture. The formaldehyde market is expected to grow at a CAGR of 2%-4%. In this market, phenol-formaldehyde (PF) is the largest segment by derivative type, whereas resin is largest by application.        

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Based on derivative type, the formaldehyde market is segmented into Urea Formaldehyde (UF) resins, Phenol-Formaldehyde (PF) resins, MF resins, polyacetal resins, 1,4-butanediol, pentaerythritol, and methylenebis. The Phenol-Formaldehyde (PF) segment is accounted for the largest share of the market in 2020 because e of its high demand and consumption rate for laminate, plywood, and wood processing. 

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The formaldehyde market is marked by the presence of several big and small players. Some of the prominent players offering Formaldehyde include BASF SE, Bayer Crop Science, Celanese AG, Dynea AS, Foremark Performance Chemicals, Georgia-Pacific Chemicals LLC, Huntsman International LLC.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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