Why did the Formaldehyde Price Change in July 2025? The Formaldehyde Price Index rose to USD 817/MT FOB Texas by late June, reflecting a 13.7% quarterly increase. Price momentum was driven by cost-side volatility and steady downstream offtake.

Get comprehensive insights into the Formaldehyde market, with a focused analysis of the Formaldehyde price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

The Formaldehyde Market Report is Segmented by Derivative (Urea Formaldehyde, Phenol Formaldehyde, Hexamine, and More), End-User Industry (Construction, Automotive, Agriculture, Healthcare, and More), Production Process (Silver Catalyst, Iron-Molybdenum Catalyst, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (tons).

Get the latest insights on price movement and trend analysis of Urea Formaldehyde Resins in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Global Formaldehyde market size 2025 was XX Million. Formaldehyde Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Get the latest insights on price movement and trend analysis of Formalin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Formaldehyde market was valued at USD 7.52 Billion in 2024 and is expected to reach USD 9.86 Billion by 2030 with a CAGR of 4.62%.

The price of phenol-formaldehyde resin in the United States for Q4 2023 reached 3085 USD/MT in December.

Explore IMARC’s newly published report, titled “Phenol-Formaldehyde Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of phenol-formaldehyde resin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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Formaldehyde Market Size 2025-2029

The formaldehyde market size is forecast to increase by USD 2.59 billion at a CAGR of 5.7% between 2024 and 2029.

The market is driven by the expansion of the construction industry, which significantly utilizes formaldehyde as a building material in insulation, adhesives, and plywood production. Additionally, the market is witnessing a trend towards diversification into new end-user industries, such as automotive, textiles, and pharmaceuticals, broadening the application scope and potential growth opportunities. Manufacturing processes for UF resins involve injection molding and waste management to minimize environmental impact. However, the market faces challenges from stringent regulatory frameworks, particularly in developed regions, which impose strict controls on formaldehyde emissions and limit its use in certain applications due to health concerns.
Companies seeking to capitalize on market opportunities must navigate these regulatory hurdles and explore alternative production methods or low-emission technologies to meet evolving consumer demands and maintain market competitiveness. The market is evolving, with a strong focus on life cycle management, product design, and the implementation of control measures to minimize risks and promote a more sustainable future. Green building materials, such as formaldehyde detectors, are increasingly preferred due to their reduced environmental impact and improved health and safety.

What will be the Size of the Formaldehyde Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the market, sustainability initiatives are gaining momentum as manufacturers prioritize waste reduction and sustainable procurement. This shift is influencing the adoption of manufacturing processes that minimize formaldehyde emissions and promote the use of renewable resources in the circular economy. Industrial hygiene and health risks are also driving the market, with a focus on emergency response and exposure assessment. Sustainability-conscious businesses are integrating formaldehyde absorbers and scavengers into their supply chain sustainability efforts. Environmental science and risk management are key areas of research, with a growing emphasis on green chemistry and the development of bio-based materials and low-formaldehyde resins.
Chemical engineering and polymer chemistry are at the forefront of these advancements, as companies strive to reduce their environmental footprint and protect both workers and consumers. Quality control and exposure monitoring are essential components of formaldehyde mitigation strategies, with testing methods and prevention measures playing crucial roles in ensuring product stewardship and regulatory compliance.

How is this Formaldehyde Industry segmented?

The formaldehyde industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Urea formaldehyde
  Phenol formaldehyde
  Polyoxymethylene
  Paraformaldehyde
  Others


End-user

  Construction
  Automotive
  Agriculture
  Healthcare
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Russia


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The urea formaldehyde segment is estimated to witness significant growth during the forecast period. Urea formaldehyde (UF) resins, a thermosetting resin derived from the reaction of urea and formaldehyde, are widely utilized for their cost-effective and versatile properties in various industrial applications. Primarily, UF resins are employed as binding agents in the production of engineered wood products, such as particle board, medium-density fiberboard (MDF), and plywood, which are extensively used in construction, furniture manufacturing, and interior design. In addition to wood adhesives, UF resins are also used in molding compounds for electrical fittings, household items, and decorative laminates. The heat-resistant, rigid, and dimensionally stable properties of UF resins make them suitable for applications demanding durability and precision.

Ventilation systems and air filtration are crucial components in managing indoor air quality, mitigating potential health effects associated with formaldehyde exposure. Product labeling and carbon footprint assessments are essential for consumer transparency and brand loyalty. UF resins are also used in the production of phenol-formaldehyde resins, melamine-formaldehyde resins, and thermoplastic resins, which offer product differentiation an

The U.S. formaldehyde market shrank to $701M in 2024, with a decrease of -2.8% against the previous year. In general, consumption recorded a perceptible slump. Over the period under review, the market reached the maximum level at $1.1B in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

The Asia-Pacific Formaldehyde Market report segments the industry into Derivative (Urea Formaldehyde, Phenol Formaldehyde, Melamine Formaldehyde, Hexamine, Polyoxymethylene, and more), End-User Industry (Automotive, Construction, Agriculture, Healthcare, Chemical and Petrochemical, and more), and Geography (China, India, Japan, South Korea, Malaysia, and more).

The Urea Formaldehyde Market size is expected to reach a valuation of USD 50.7 billion in 2033 growing at a CAGR of 4.50%. The Urea Formaldehyde Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

In 2024, the global formaldehyde market decreased by -6.5% to $5B, falling for the second year in a row after two years of growth. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $5.6B. From 2023 to 2024, the growth of the global market remained at a somewhat lower figure.

The global Formaldehyde market demand stood at 26 million tonnes in 2024 and is expected to grow at a CAGR of 4.62% during the forecast period until 2035.

The Mexican formaldehyde market rose modestly to $357M in 2024, growing by 4.4% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Formaldehyde consumption peaked at $416M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

¿Por qué cambió el precio del formaldehído en julio de 2025? El Índice de Precios de Formaldehído aumentó a USD 817/MT FOB Texas a finales de junio, lo que refleja un aumento trimestral del 13,7%. El impulso de los precios fue impulsado por la volatilidad del lado de los costes y por la constante absorción aguas abajo.

The Melamine Formaldehyde Market report segments the industry into Type (Iso-butylated Melamine Formaldehyde Resin, n-butylated Melamine Formaldehyde Resin, Other Types), Application (Laminates, Wood Adhesives, Molding Compounds, Paints and Coatings, Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

The Asian formaldehyde market rose remarkably to $2.5B in 2024, surging by 5.2% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible downturn. Over the period under review, the market reached the maximum level at $3.4B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

Global Formaldehyde market size is expected to reach $31.7.75 billion by 2029 at 7.7%, segmented as by type, urea formaldehyde, phenol formaldehyde, melamine formaldehyde, polyoxymethylene, other types

The CIS formaldehyde market expanded modestly to $119M in 2024, with an increase of 3.3% against the previous year. Over the period under review, consumption, however, recorded a pronounced descent. The level of consumption peaked at $170M in 2014; however, from 2015 to 2024, consumption remained at a lower figure.