Global Formaldehyde Market Size Releasing Latest Development, Growth and Analysis
Formaldehyde Market: Introduction In terms of value, the global formaldehyde market is anticipated to expand at a CAGR of ~4% from 2021 to 2031 and cross US$ 15 Bn by 2031 . The usage of formaldehyde in the production of resins has been rising. Formaldehyde-based resins are used in a wide range of applications. In terms of volume, Asia Pacific dominated the global formaldehyde market in 2020 . It is estimated to lead the global formaldehyde market during the forecast period, owing to the increase in demand for formaldehyde in various end-use industries, including automotive and building & construction. The rise in the demand for resins in building & construction, automotive, and chemical sectors is expected to be a major factor driving the global formaldehyde market. Get hilarious Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1367 Asia Pacific Dominates F...