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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Formaldehyde Scavengers market for 2018-2023.
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.
Over the next five years, LPI(LP Information) projects that Formaldehyde Scavengers will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Formaldehyde Scavengers market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Neutralization reaction
- Catalytic decomposition
- Sealing plugging
Segmentation by application:
- Wood Panel
- Indoor Environmental Protection
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Georgia-Pacific Chemicals
- Emerald Performance Materials
- TAG Chemcials
- Key Issues Addressed
- 1.Competitive Landscape and Strategic Recommendations
- 2.The market forecast and growth areas for Formaldehyde Scavengers Market
- 3.Changing Market Trends and Emerging OpportTonies
- 4.Historical shipment and revenue
- 5.Analysis key applications
- 6.Main Players market share
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Formaldehyde Scavengers consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Formaldehyde Scavengers market by identifying its various subsegments.
- Focuses on the key global Formaldehyde Scavengers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Formaldehyde Scavengers with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Formaldehyde Scavengers submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.