Formaldehyde
(Cas 50-00-0)
Market
Formaldehyde (Cas 50-00-0) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Formaldehyde (Cas 50-00-0) Market Size and Growth
The Formaldehyde (CAS 50-00-0) market is experiencing steady growth, driven by demand in manufacturing and chemical industries. The global market size was valued at approximately $16 billion in 2022 and is projected to expand at a CAGR of around 5% through 2028, reflecting robust applications in resins and textiles.
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Companies Covered
(Covid 19 Impact Covered)
◍ Dynea Oy
◍ Bayer
◍ Celanese
◍ BASF
◍ Perstorp Formox
◍ Georgia Pacific
◍ Momentive Specialty Chemical
◍ Huntsman
◍ Hexion Specialty Chemicals
The Formaldehyde market features key players like Dynea Oy, Bayer, Celanese, BASF, and others, utilizing formaldehyde for manufacturing resins, adhesives, and coatings. These companies drive market growth through innovation, expanding production capacities, and meeting regulatory standards. Notable sales revenues include:
- BASF: €78 billion (2022)
- Celanese: $7.9 billion (2022)
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Market Segmentation
By Application
Agricultural
Industrial
Pharmaceuticals ◍ Construction
Automotive
Furniture
Other
By Product
◍ Methanol Oxidation
◍ Oxidation of Natural Gas ◍ Oxidation of Dimethyl Ether
Methanol Dehydrogenation
Other
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Market Growth
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$ X Billion USD
