Formaldehyde - Worldwide Market Analysis, Trends & Forecasts (2019-2025) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 18, 2019--
The “Formaldehyde - Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.
The Formaldehyde market worldwide is projected to grow by 20.8 Million Metric Tons, driven by a compounded growth of 5.8%.
Urea Formaldehyde, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 28.8 Million Metric Tons by the year 2025, Urea Formaldehyde will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 4.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 734.5 Thousand Metric Tons to the region’s size and clout in the next 5 to 6 years. Over 632.5 Thousand Metric Tons worth of projected demand in the region will come from the rest of the European markets.
In Japan, Urea Formaldehyde will reach a market size of 1.5 Million Metric Tons by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.6% over the next couple of years and add approximately 5.7 Million Metric Tons in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.
All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- BASF SE
- Dynea AS
- Ercros S.A.
- Georgia Pacific LLC
- Hexion Inc.
For more information about this report visit https://www.researchandmarkets.com/r/yrdozj
View source version on businesswire.com:https://www.businesswire.com/news/home/20191118005566/en/
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/18/2019 10:27 AM/DISC: 11/18/2019 10:27 AM