포름알데히드 시장 : 세계 산업 규모, 점유율, 동향, 기회, 예측 : 유도체별, 최종사용자 업계별, 지역별, 경쟁별(2020-2030년)

Global Formaldehyde market was valued at USD 7.52 Billion in 2024 and is expected to reach USD 9.86 Billion by 2030 with a CAGR of 4.62%. The global formaldehyde market constitutes a vital segment within the chemical industry, serving as a key raw material in the formulation of resins, adhesives, thermosetting plastics, and specialty chemicals. It underpins production processes across high-demand sectors, including engineered wood panels in construction, under-the-hood automotive components, agrochemicals, and antimicrobial healthcare products. With its applications deeply integrated into industrial value chains, formaldehyde maintains a structurally important position in both mature and emerging markets.

Despite increasing regulatory scrutiny particularly around emission thresholds and workplace safety the market is witnessing a strategic pivot toward low-emission and compliant formulations, including ultra-low-emitting resins and formaldehyde-free alternatives. Industry players are advancing innovation pipelines, investing in sustainable feedstock technologies and next-generation resin systems to maintain operational resilience and market access in environmentally regulated regions.

Backed by strong fundamentals such as rising urbanization, industrial manufacturing, and infrastructure investments, particularly in Asia Pacific and the Middle East, the global formaldehyde market is set to expand steadily. This growth will be led by sectors prioritizing material performance, cost-efficiency, and regulatory alignment, reinforcing formaldehyde's position as a strategic chemical intermediate in the global industrial landscape.

Key Market Drivers

Expanding Construction and Infrastructure Development

The expansion of construction and infrastructure development is a key macroeconomic driver that significantly accelerates growth in the global formaldehyde market. As countries invest heavily in housing, commercial real estate, transport networks, and industrial facilities, the demand for formaldehyde-based materials continues to rise sharply. Formaldehyde plays an essential role in producing engineered wood products, insulation, coatings, and adhesives making it indispensable in modern construction practices. One of the most critical applications of formaldehyde in construction lies in its use in resin production specifically urea-formaldehyde (UF), phenol-formaldehyde (PF), and melamine-formaldehyde (MF) resins. These are key binders in the manufacturing of: Plywood, Medium-density fiberboard (MDF), Particleboard, Oriented strand board (OSB). These engineered wood products form the backbone of residential, commercial, and industrial buildings, used in flooring, paneling, roofing, cabinetry, and wall sheathing. The superior strength-to-weight ratio, dimensional stability, and cost-efficiency of these materials have made them industry standards especially in markets focused on mass-scale, modular, or prefabricated construction.

As construction volumes rise globally, particularly in emerging markets, so does the demand for these formaldehyde-bound wood composites. Global urbanization is on a steep upward trajectory, with the proportion of the population living in cities projected to increase from 55% today to 68% by 2050. This shift translates to an influx of approximately 2.5 billion additional urban residents, with the majority of this growth concentrated in Asia and Africa. The world is experiencing unprecedented levels of urban migration, with millions relocating to cities each year. This trend is especially pronounced in Asia Pacific, Africa, and parts of Latin America. To accommodate this shift, governments and private developers are investing in: Affordable housing projects, High-rise apartment complexes, Smart cities and satellite townships. These large-scale developments require enormous quantities of construction materials including insulation, laminates, wood panels, and concrete admixtures many of which involve formaldehyde-based chemicals either as binders or performance enhancers. This sustained housing demand translates into consistent and high-volume consumption of formaldehyde and its derivatives.

Key Market Challenges

Stringent Environmental and Health Regulations

Formaldehyde is classified as a hazardous air pollutant and a probable human carcinogen by multiple global regulatory bodies, including the U.S. Environmental Protection Agency (EPA), the World Health Organization (WHO), and the European Chemicals Agency (ECHA). These classifications have led to: Strict emission limits on formaldehyde-based products, particularly in building materials and indoor environments (e.g., CARB Phase 2 and EPA TSCA Title VI in the U.S.). Mandatory compliance with product labeling and safety data requirements under REACH (EU) and other global frameworks. Increased scrutiny of occupational exposure levels in manufacturing and industrial settings.

These regulations have a direct impact on producers and downstream users, forcing them to invest heavily in compliance technologies, product reformulation, and process adjustments. The cost and complexity of meeting these evolving standards often delay product development, limit application scope, and discourage investment, especially in smaller or price-sensitive markets.

Key Market Trends

Rising Demand for Low-Emission and Eco-Compliant Formaldehyde-Based Products

As environmental regulations grow increasingly stringent particularly around indoor air quality and volatile organic compound (VOC) emissions the formaldehyde market is witnessing a strong pivot toward low-emitting and compliant formulations. Regulatory frameworks such as the EPA TSCA Title VI, California Air Resources Board (CARB) standards, and EU REACH legislation are compelling manufacturers to reformulate products that reduce or eliminate free formaldehyde emissions.

Surge in demand for ultra-low-emitting resins (ULEF) and no-added-formaldehyde (NAF) resins, particularly in furniture, flooring, and cabinetry applications. Increased investment in emission control technologies and advanced catalysts to minimize process-related emissions in manufacturing plants. Growing consumer and B2B preference for eco-label certified products (e.g., Greenguard, FSC, LEED-compliant), reinforcing the use of safer formaldehyde-based materials.

This shift is not a threat, but rather an evolution positioning formaldehyde as part of sustainable chemistry solutions, where it can maintain relevance through innovation and compliance.

Key Market Players

• BASF SE
• Evonik Industries AG
• Capital Resin Corporation
• Celanese Corporation
• Foremark Performance Chemicals
• Acron Group
• Georgia-Pacific Chemicals
• Hexion Inc.
• Huntsman International LLC
• Alder SpA
• Dynea AS
• Atul Ltd.

Report Scope:

In this report, the Global Formaldehyde Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Formaldehyde Market, By Derivative:

• Urea Formaldehyde
• Phenol Formaldehyde
• Melamine Formaldehyde
• Hexamethylenetetramine (HMTA)
• Others

Formaldehyde Market, By End User Industry:

• Building & Construction
• Automotive
• Agriculture
• Healthcare
• Chemicals & Petrochemicals
• Others

Formaldehyde Market, By Region:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Formaldehyde Market.

Available Customizations:

Global Formaldehyde market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Formaldehyde Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Derivative (Urea Formaldehyde, Phenol Formaldehyde, Melamine Formaldehyde, Hexamethylenetetramine (HMTA), Others)
  • 5.2.2. By End User Industry (Building & Construction, Automotive, Agriculture, Healthcare, Chemicals & Petrochemicals, Others)
  • 5.2.3. By Region
  • 5.2.4. By Company (2024)
• 5.3. Market Map

6. North America Formaldehyde Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Derivative
  • 6.2.2. By End User Industry
  • 6.2.3. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Formaldehyde Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Derivative
      • 6.3.1.2.2. By End User Industry
  • 6.3.2. Canada Formaldehyde Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Derivative
      • 6.3.2.2.2. By End User Industry
  • 6.3.3. Mexico Formaldehyde Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Derivative
      • 6.3.3.2.2. By End User Industry

7. Europe Formaldehyde Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Derivative
  • 7.2.2. By End User Industry
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Formaldehyde Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Derivative
      • 7.3.1.2.2. By End User Industry
  • 7.3.2. United Kingdom Formaldehyde Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Derivative
      • 7.3.2.2.2. By End User Industry
  • 7.3.3. Italy Formaldehyde Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Derivative
      • 7.3.3.2.2. By End User Industry
  • 7.3.4. France Formaldehyde Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Derivative
      • 7.3.4.2.2. By End User Industry
  • 7.3.5. Spain Formaldehyde Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Derivative
      • 7.3.5.2.2. By End User Industry

8. Asia-Pacific Formaldehyde Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Derivative
  • 8.2.2. By End User Industry
  • 8.2.3. By Country
• 8.3. Asia-Pacific: Country Analysis
  • 8.3.1. China Formaldehyde Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Derivative
      • 8.3.1.2.2. By End User Industry
  • 8.3.2. India Formaldehyde Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Derivative
      • 8.3.2.2.2. By End User Industry
  • 8.3.3. Japan Formaldehyde Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Derivative
      • 8.3.3.2.2. By End User Industry
  • 8.3.4. South Korea Formaldehyde Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Derivative
      • 8.3.4.2.2. By End User Industry
  • 8.3.5. Australia Formaldehyde Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Derivative
      • 8.3.5.2.2. By End User Industry

9. South America Formaldehyde Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Derivative
  • 9.2.2. By End User Industry
  • 9.2.3. By Country
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil Formaldehyde Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Derivative
      • 9.3.1.2.2. By End User Industry
  • 9.3.2. Argentina Formaldehyde Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Derivative
      • 9.3.2.2.2. By End User Industry
  • 9.3.3. Colombia Formaldehyde Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Derivative
      • 9.3.3.2.2. By End User Industry

10. Middle East and Africa Formaldehyde Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Derivative
  • 10.2.2. By End User Industry
  • 10.2.3. By Country
• 10.3. MEA: Country Analysis
  • 10.3.1. South Africa Formaldehyde Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Derivative
      • 10.3.1.2.2. By End User Industry
  • 10.3.2. Saudi Arabia Formaldehyde Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Derivative
      • 10.3.2.2.2. By End User Industry
  • 10.3.3. UAE Formaldehyde Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Derivative
      • 10.3.3.2.2. By End User Industry

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Recent Developments
• 12.2. Product Launches
• 12.3. Mergers & Acquisitions

13. Global Formaldehyde Market: SWOT Analysis

14. Competitive Landscape

• 14.1. BASF SE
  • 14.1.1. Business Overview
  • 14.1.2. Product & Service Offerings
  • 14.1.3. Recent Developments
  • 14.1.4. Financials (If Listed)
  • 14.1.5. Key Personnel
  • 14.1.6. SWOT Analysis
• 14.2. Evonik Industries AG
• 14.3. Capital Resin Corporation
• 14.4. Celanese Corporation
• 14.5. Foremark Performance Chemicals
• 14.6. Acron Group
• 14.7. Georgia-Pacific Chemicals
• 14.8. Hexion Inc.
• 14.9. Huntsman International LLC
• 14.10.Alder SpA
• 14.11.Dynea AS
• 14.12.Atul Ltd.

15. Strategic Recommendations

16. About Us & Disclaimer