Asia and Latin America Offer a Great Potential for Formaldehyde Market Growth13 May 2010 • by Natalie Aster
LONDON - According to the research ”Formaldehyde: 2009 World Market Outlook and Forecast” by Merchant Research & Consulting, world formaldehyde market will be growing around 3% a year with Asia Pacific and Latin America being the major consuming markets, while now the largest markets are Europe, North America and China.
In Western Europe, markets are mature. Eastern Europe demand is growing at upper levels. The wood panel industry is moving eastwards in Europe, the reasons are low manufacturing costs and a variety of low cost raw materials. The furniture manufacturing factories are being relocated to eastern Europe as well.
The formaldehyde market in North America is less than half that of Europe. The housing market and construction industry were the most significant drivers for formaldehyde growth. USA construction market is currently down, that affects formaldehyde demand.
Formaldehyde demand is expected to grow by around 1,5% a year in Western Europe, and by 1.2% in North America. Asian market (especially China) will grow on above-average levels.
More detailed overview of Formaldehyde market, its tendencies and perspectives can be found in the report ‘Formaldehyde: 2009 World Market Outlook AND Forecast’ recently released by Merchant Research and Consulting.
THE RESEARCH PROVIDES:
- Formaldehyde World outlook (Capacity, Production, Consumption, Prices, Global trade, Projects)
- Formaldehyde Regional analysis (by country)
- Formaldehyde Market perspective (Capacity, Production, Consumption, Prices, till 2015)
- Formaldehyde Suppliers (incl. contact details) and leading producers’ profiles.
The report was worked out regarding the current economic situation caused by financial crisis. Market trends and expectations were reconsidered with respect to the present conditions.
Formaldehyde: 2009 World Market Outlook and Forecast (Special Crisis Edition)
Updated: 01/2009/ 271 Pages
Merchant Research & Consulting, Ltd. is one of internationally recognized market research agencies specializing in the chemical industry. The company offers a wide range of comprehensive ready-made reports as well as conducts custom-tailored research projects on specific markets and products.
Merchant Research & Consulting Ltd.
David Sakolski, +44 20 7558 8740
Fax +44 20 7900 3970
Source: Merchant Research & Consulting Ltd.