India formaldehyde
market is projected to grow at a CAGR of 6% during 2019-2030
on account of growing focus towards roofing mat application and surging demand
for wood-based articles in India. Moreover, demand for phenolic resins is
growing owing to their advanced mechanical properties, ability to tolerate high
temperature, low toxicity and smoke and excellent blending capacity with
variety of polymeric substances. Due to these properties phenolic resins are extensively
employed in the manufacturing of molding compounds, wood adhesives, laminates,
insulation, and various other applications, which is propelling demand for formaldehyde
across India.
Years Considered for this Report:
Historical Years: 2013 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2030
Objective of the Study:
- The primary
objective of the study was to evaluate and forecast formaldehyde capacity,
production, demand, inventory and demand–supply gap.
- To categorize formaldehyde demand based on end use, sales
channel and region.
- To study trade dynamics and company share of formaldehyde in India formaldehyde market.
- To identify major customers of formaldehyde in India.
- To evaluate and forecast formaldehyde pricing in India formaldehyde market.
- To identify and profile major companies operating in
India formaldehyde market.
- To identify major news, deals and expansion plans in
India formaldehyde market.
Report Scope:
In this report, India formaldehyde market has been segmented into following
categories, in addition to the industry news which have also been detailed
below:
Some of the major players operating in India formaldehyde
market are
India Century Laminating,
Jubilant Life Sciences, Kanoria Chemicals and Industries Limited, Simalin
Industries Limited and Assam Petrochemicals Limited, etc.
To extract data for India formaldehyde market, primary research
surveys were conducted with formaldehyde manufacturers, suppliers,
distributors, wholesalers and end users. While interviewing, the respondents
were also inquired about their competitors. Through this technique, TechSci
Research was able to include manufacturers that could not be identified due to
the limitations of secondary research. Moreover, TechSci Research analyzed various end user segments
and projected a positive outlook for India formaldehyde market over the coming
years.
TechSci Research calculated formaldehyde demand
by analyzing the historical data and
demand forecast which was carried out considering the raw material prices such
as methanol and crude oil prices. TechSci Research sourced these values from
industry experts and company representatives and externally validated through
analyzing historical sales data of respective manufacturers to arrive at the
overall market size. Various secondary sources such as Company Websites,
Association Reports, Annual Reports, etc. were also studied by TechSci
Research.
Key
Target Audience:
- Formaldehyde manufacturers and
other stakeholders
- Organizations, forums and alliances related to
formaldehyde distribution
- Government bodies such as regulating
authorities and policy makers
- Market research organizations and consulting
companies
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders, such as formaldehyde manufacturers, distributors and policymakers. The report also
provides useful insights about which market segments should be targeted over
the coming years to strategize investments and capitalize on growth
opportunities.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs.
In case you can’t find what, you are looking for
then please get in touch with our custom research team at [email protected]