Global Formaldehyde Scavengers Sales Market Report 2020

Formaldehyde scavengers are used in lowering the emissions in both the manufacturing of medium density fiberboard and particle board and also in finished products. Prolonged formaldehyde emissions can have potential health hazards and hence it becomes imperative to control these emissions. Formaldehyde scavengers have been used to lower formaldehyde emissions in several wood, paper and textile industries.
At present, the major manufacturers of Formaldehyde Scavengers are Georgia-Pacific Chemicals, StarChem, CHIMAR, SYNTHRON, Emerald Performance Materials, TAG Chemcials, Hunstman.

In classification, According to the reaction principle, Formaldehyde Scavengers can be divided into Neutralization reaction, Catalytic decomposition, Oxidation-reduction and Sealing plugging. In Europe, the shipment of Oxidation-reduction Formaldehyde Scavengers is about 307 MT in 2016.

In application, Formaldehyde Scavengers downstream is wide and recently Formaldehyde Scavengers has acquired increasing significance in various fields of Wood Panel (Particle Boards/MDF Boards), Coating, Fabric, Indoor Environmental Protection and others. The Formaldehyde Scavengers market is mainly driven by growing demand for Wood Panel.

In the future, America and Europe market is expected to witness significant growth on account of rising applications, so in the next few years, Formaldehyde Scavengers shipment will show a trend of steady growth. In 2022 the shipment of Formaldehyde Scavengers is estimated to be 321.9 MT and 515.6 MT in America and Europe, respectively.

Market Analysis and Insights: Global Formaldehyde Scavengers Market
The global Formaldehyde Scavengers market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.

Global Formaldehyde Scavengers Scope and Market Size
The global Formaldehyde Scavengers market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Formaldehyde Scavengers market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Segment by Type, the Formaldehyde Scavengers market is segmented into
Neutralization reaction
Catalytic decomposition
Oxidation-reduction
Sealing plugging

Segment by Application, the Formaldehyde Scavengers market is segmented into
Wood Panel
Coating
Fabric
Indoor Environmental Protection
Others

The Formaldehyde Scavengers market is analysed and market size information is provided by regions (countries). Segment by Application, the Formaldehyde Scavengers market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Formaldehyde Scavengers Market Share Analysis
Formaldehyde Scavengers market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Formaldehyde Scavengers business, the date to enter into the Formaldehyde Scavengers market, Formaldehyde Scavengers product introduction, recent developments, etc.

The major vendors covered:
Georgia-Pacific Chemicals
StarChem
CHIMAR
SYNTHRON
Emerald Performance Materials
TAG Chemcials
Huntsman