Dallas,TX (PRWEB) January 16, 2015
An increase in the demand for formaldehyde in China because of the significant economic and industrial development is a major trend in this market. China is expected to account for more than half of the total demand for formaldehyde and its derivatives in the Global Formaldehyde market during the forecast period owing to the rapid growth in the Automotive and Construction industries.
According to the report, an increase in the demand for amino resins, including UF, MF and UMF is one of the major drivers of the market. UF is increasingly being used for various industrial applications in emerging economies in the APAC region especially in the Construction industry in India and China.
Further, the report states that volatility in the pricing of methanol, the major raw material in the production of formaldehyde is one of the major challenges in the market. In recent years, the prices of formaldehyde and its derivatives have declined making it difficult for the manufacturers of formaldehyde to maintain their profit margins.
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Key players in the Global Formaldehyde Market are BASF SE, Celanese Corp., Dynea A/S, Georgia-Pacific LLC, Johnson Matthey plc and Momentive Specialty Chemicals Inc.
Other Prominent Vendors in the market are Akzo Nobel, Allied Resins & Chemicals, Asian Paints, Bio-Pharm, Brainerd Chemical Company, Brüggemann-Group, Caldic Chemie, Century Plyboards, Chimica Pomponesco, DB Western, Derivados Forestales, DuPont, DynaChem, Ercros, F.A.R. Fabbrica Adesivi Resine, Foresa, Forestal del Atlántico, GFS Chemicals, Hindustan Organic Chemicals, ISP Marl, Kanoria Chemicals & Industries, Kingboard Chemical Holdings, Krems Chemie Chemical Services, Metafrax, Nantong Jiangtian Chemical, Penta Manufacturing Company, Puyang Wangda Chemical, Sadepan Chimica, Shanghai Jingxing Chemical Company, Sonae Indústria, Synthite, Tomskneftekhim, Venlon Enterprises and Wanhua Chemical Group.
Key Market Driver
- Increased Demand for Amino Resins
Key Market Challenge
- Volatile Methanol Prices
Key Market Trend
- Increased Demand from China
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List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Segmentation of Global Formaldehyde Market
Exhibit 3: Segmentation of Global Formaldehyde Market by Application
Exhibit 4: Geographical Segmentation of Global Formaldehyde Market
Exhibit 5: Global Formaldehyde Market 2014-2019 (MTPA)
Exhibit 6: Global Formaldehyde Capacity and Production 2008-2013 (MTPA)
Exhibit 7: Segmentation of Global Formaldehyde Market by Application 2014-2019
Exhibit 8: Segmentation of Global Formaldehyde Market by Application 2014-2019 (MTPA)
Exhibit 9: Global Formaldehyde Market in Formaldehyde Resins 2014-2019 (MTPA)
Exhibit 10: Global Formaldehyde Market Segmentation by Resin Types 2014
Exhibit 11: Global Formaldehyde Market in Acetal Resins 2014-2019 (MTPA)
Exhibit 12: Global Formaldehyde Market in BDO 2014-2019 (MTPA)
Exhibit 13: Global Formaldehyde Market in MDI 2014-2019 (MTPA)
Exhibit 14: Global Formaldehyde Market in Pentaerythritol and Others 2014-2019 (MTPA)
Exhibit 15: Global Formaldehyde Market Segmentation by Geography 2014-2019
Other Related Report –
Technological advancements and the incorporation of nanotechnology into the production of phenolic resins enlarge the scope and areas of application of phenolic resins. This advancement improves the functionality and the performance standards of phenolic resins making them more efficient and temperature tolerant. This enhances the scope of phenolic resins making them viable for use in a variety of end-use applications
Key players in the Global Phenolic Resins Market are BASF SE, Momentive Specialty Chemicals, SI Group and Sumitomo Bakelite.
Other Prominent Vendors in the market are Aica Kogyo, Allnex, Changshu South-East Plastic, Chemiplastica, DIC, Dujodwala Paper Chemicals, Dynea AS, ERCROS, Fenolit D.D., Georgia-Pacific, Hitachi Chemical, Jinan Shengquan Group, Kolon Industries, LERG, Mitsui Chemicals, Prefere Resins, Shandong Laiwu Runda New Material and UCP Chemicals.
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