San Francisco, California (PRWEB) July 21, 2014
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.
The report “Formaldehyde Market Analysis By Application (UF Resins, PF Resins, MF Resins, Polyacetal Resins, Pentaerythritol, Methylenebis, 1,4-butanediol), By End User (Construction, Automotive, Furniture) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/formaldehyde-market.
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Further key findings from the study suggest:
Browse All Reports of Organic Chemicals Market By Grand View Research @ http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
For the purpose of this study, Grand View Research has segmented the formaldehyde market on the basis of application, end use and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.
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