Global Formaldehyde Industry Report Key Players Analysis
Added: (Mon May 09 2022)
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Stratistics MRC's Global Formaldehyde Market Key players analysis – BASF SE, Celanese Corporation, Acron Group, Alder SpA, Johnson Matthey, Hexion, Huntsman International LLC, and Georgia-Pacific Chemicals.
Formaldehyde is used as a precursor to formulate chemical compounds and other important industrial materials. It is available naturally and is a major source of organic compounds. Synthesized formaldehyde has several medical uses owing to which it has high demand for various applications. Formaldehyde is used as an important component for the production of urea-alkyd resins. It is a colourless, flammable chemical compound having strong smell, produced by the oxidation of methanol. It finds applications in medium density particle boards and plywood's for binding materials used for making various household products and furniture. Formaldehyde can also be used as a drying agent, plasticizer, and solvent. Resins made using formaldehydes are used in making of interior molded components and under-the-hood components that must withstand high temperatures.
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By geography, Europe is projected to have the highest CAGR during the forecast period, due to increasing demand for formaldehyde from the furniture industry in countries, including Russia, Italy, and Germany. Germany is the major consumer of formaldehyde in Europe on account of its increasing demand for use in fiberglass mats in building and construction applications. Government initiatives supporting residential construction, coupled with the easy availability of housing loans, are anticipated to fuel the formaldehyde market share over the following years.
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Some of the key players profiled in the Formaldehyde Market include BASF SE, Celanese Corporation, Acron Group, Alder SpA, Johnson Matthey, Hexion, Huntsman International LLC, Foremark Performance Chemicals, Georgia-Pacific Chemicals, and Metafrax.
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2026, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
For more information about this report visit @ https://www.strategymrc.com/report/formaldehyde-market
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