World Formaldehyde Market to Reach 32.5 Million Metric Tons by 2012, According to New Report by Global Industry Analysts

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Fuelled by rise in construction activity in Asia-Pacific, Eastern Europe and Latin America, the world formaldehyde market is projected to reach 32.5 million metric tons by the year 2012. Asia-Pacific and Latin America are expected to offer ample growth opportunities in the upcoming years.

Formaldehyde: A Global Strategic Business Report

Chemical, construction and housing industries are the major end use markets of formaldehyde. Construction industry accounts for over 65% of the global consumption of formaldehyde. A major challenge confronted by manufacturers of formaldehyde is the need to extend conformance with the federal government's stringent safety rules, and riders for environmental protection and public health. Europe and Asia dominate the world formaldehyde market, with a 2/3rds share, as stated by the recent report published by Global Industry Analysts, Inc.

Methylene diisocyanate represents the fastest growing end use segment of the global formaldehyde market. Global demand for formaldehyde in the production of methylene diisocyanate is projected to register a CAGR of 5.8% for the period 2001-2010. Formaldehyde consumption in Asia-Pacific is estimated at 7.72 million metric tons. Market for formaldehyde in the United States is likely to grow at a compounded annual rate of 2.8% over the period 2001-2010. Germany, France and the United Kingdom collar nearly 50% of the total formaldehyde market in Europe.

Leading global and regional players operating in the market include BASF SE, Celanese Corporation, Dynea Oy, Georgia-Pacific Corporation, Georgia-Pacific Chemicals LLC, Hexion Specialty Chemicals, Inc., Hindustan Organic Chemicals Limited, Koei Chemical Company Limited, Mitsubishi Gas Chemical America, Inc., Nissan Chemical Industries, Oxiquim S.A., and The Dovechem Group.

The report titled "Formaldehyde: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, players, recent developments, mergers, acquisitions, and other strategic industry activities. End-use markets analyzed in the report include Amino Resins, Phenolic Resins, Acetylenic Chemicals, Polyacetal Resins, Methylene Diisocyanate, and Pentaerythritol. Analysis is presented for major geographic markets including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Russia, China and Brazil for the period 1991-2015.

For more details about this research report, please visit

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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