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Formaldehyde Market Share
- Report ID: GMI3751
- Published Date: Sep 2021
- Report Format: PDF
Formaldehyde Market Share
The formaldehyde industry is competitive and includes various players such as
- Dynea Oy
- Bayer AG
- Huntsman Corporation
- Chemanol
- BASF SE
- Balaji Formalin
- Celanese Corporation
- Pastor
- Chemique Adhesives
- Hexion Inc.
- Georgia-Pacific Chemicals, LLC.
- Ercros S.A
- Foremark Performance Chemicals
- LyondellBasell
- Alder S.p.A
Companies are focusing on expansion strategies by increasing their production capacities to increase their consumer base and market share. These factors will help them in meeting the demand-supply gap and sustaining in the market for a longer period.
In April 2019, PJSC Metafrax signed a contract with Dynea AS, a Norwegian firm, to set up a new 55% formalin production plant worth USD 81.54 million in Russia. The new plant will be completed by the end of 2021 and will be integrated with the company’s paraformaldehyde production facility under the technology provided by the GEA group of companies. After successful commissioning, the total production capacity of 55% formalin will be 450 thousand tons per year.
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Formaldehyde Market Scope
