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The formaldehyde market is forecast to increase by 10.15 million tons at a CAGR of 6.86% between 2022 and 2027. The construction industry's expansion fuels demand for formaldehyde-based products like adhesives and resins, essential in plywood and building materials. Significant production and consumption in China, a leading market, further boosts market growth. In parallel, the automotive sector's growth amplifies demand for these products used in manufacturing various components. Formaldehyde's versatility in enhancing product durability and performance underscores its widespread application across these industries. As construction and automotive industries evolve globally, the demand for formaldehyde-based adhesives and resins continues to rise, driven by infrastructure development and technological advancements. Despite environmental considerations surrounding formaldehyde use, its integral role in enhancing material properties ensures its prominence in manufacturing processes, supporting both industrial growth and product innovation.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Derivative Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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