Formaldehyde Market Insights: Growth Drivers, Trends and Opportunities

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2025-01-20 06:34:57 -

Global formaldehyde market, valued at $30.18 billion in 2023, is projected to reach $42.47 billion by 2030, growing at a CAGR of 5% from 2024 to 2030. Formaldehyde, an organic compound primarily derived from methanol, is widely used in the production of resins, adhesives, and construction materials. Its application spans industries such as construction, automotive, and pharmaceuticals,...

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