Formaldehyde Market - Growth of Construction and Automotive Industries Boost This Market

The revenue generated by global formaldehyde market was worth USD 10,886.7 million and is expected to reach USD 18,061.4 million by 2018, growing at a CAGR of 7.5% from 2012 to 2018. Urea formaldehyde resins accounted the largest share of the formaldehyde market with 39.2% share in total volume consumption in 2012.

 

Albany, NY -- (SBWIRE) -- 02/23/2016 -- The report analyses the formaldehyde market. For an insightful understanding, analysis and forecast have been provided for the time period ranging from 2012 to 2018. The forecasts are on the basis of volume (kilo tons) and revenue (USD million) for both global and regional level. In-depth analysis of the various factors driving and restraining growth of the formaldehyde industry has been included. A thorough analysis of the prevailing and expected growth opportunities in the industry has been included for decision-making.

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The value chain analysis comprises of a detailed evaluation of the roles of various entities involved in the formaldehyde industry from raw material suppliers to the end users. In addition, Porter's five forces model has been used to determine the degree of competition in the industry during the forecast period. Furthermore, market attractiveness analysis has been done to analyze which application segments are expected to be lucrative during the forecast period on the basis of their market size and growth rate.

The formaldehyde market has been segmented on the basis of application and end user. The segments have been analyzed and forecast for a time period ranging from 2012 to 2018. The forecast is on the basis of volume (Kilo tons) and revenue (USD million) for both regional and global level based on current and expected trends of the industry. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW), and the demand has been analyzed and forecast based on current trends for a period of six years, ranging from 2012 to 2018.

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Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for commonly available grade of formaldehyde has been considered and customized product pricing has not been included. The market has been analyzed based on expected demand and the market data for each application and end user segments is based on demand volumes and corresponding revenues. The prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers. We have considered prices of formaldehyde as per industry standard based on manufacturer feedback and application requirement. Market data is based on current information. Presence of large number of domestic manufacturers in Asia-Pacific may cause variation in forecast by a small margin. Forecasts have been based on expected demand from applications segments, primarily urea formaldehyde, phenol formaldehyde, melamine formaldehyde, polyacetal resins, pentaerythritol, methylene dephenyl diisocyanate and butanediol. We have used the bottom up approach to arrive at the global market considering individual application segments and integrating them to arrive at the global market. The applications have been further bifurcated using top down approach to derive the regional product market consumption. The study covers the formaldehyde market taking into account the sales of registered companies in the market. We have not included the unorganized sectors of the market due to lack of secondary or primary data on this segment. We have not considered inflation to estimate forecast for our market.

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Several primary and secondary sources were consulted during the course of the study. Some of the secondary sources which were consulted were ICIS, IHS, World Bank, Global Chemicals Outlook, The European Chemical Industry Council, The European UP/VE Resin Association, EPA - US Environmental Protection Agency, OSHA–Occupational Safety and Health Administration, REACH - Registration, Evaluation, Authorization and Restriction of Chemicals among several others.

The report covers a detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players profiled in the report include Bayer AG, BASF SE, Celanese Corporation, Huntsman Corporation, Dynea Oy, Momentive Specialty Chemical Inc., Georgia Pacific Corporation, and Perstorp Formox AB.

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