Global Formaldehyde Market Size, Share & Trends Analysis Report 2023-2030 - ResearchAndMarkets.com
The "Formaldehyde Market Size, Share & Trends Analysis Report By Derivatives (Urea Formaldehyde, Melamine Formaldehyde), By End-use (Building & Construction, Furniture, Automotive), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
- The "Formaldehyde Market Size, Share & Trends Analysis Report By Derivatives (Urea Formaldehyde, Melamine Formaldehyde), By End-use (Building & Construction, Furniture, Automotive), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
- The global formaldehyde market size is expected to reach USD 12.3 billion by 2030, registering a CAGR of 5.7% from 2023 to 2030
The growth can be attributed to the increasing construction activities across the world. - Increasing demand for these products is likely to boost the demand for formaldehyde over the forecast period.
- Although, it is also used to produce hard-gel capsules, vaccines, and antibiotics, which positively affected the demand for formaldehyde.