World Analysis – Formaldehyde & Resins

  • Market Overview
  • Key Benefits
  • Service Features
  • Annual Table of Contents

Market Overview

Duration: Long-term outlook to 2050

Formaldehyde is used heavily in the infrastructure and construction sectors. Formaldehyde is normally a price taker of methanol, as the formaldehyde price trend follows its major feedstock trend. Therefore, even in a very high methanol price environment, the formaldehyde industry can still manage to achieve positive margins. Construction and remodeling activity, vehicle and furniture production, and original equipment manufacturing account for most of the world’s consumption of formaldehyde. General economic conditions greatly influence the demand for these markets. As a result, demand for formaldehyde largely follows the patterns of leading world economies. Formaldehyde resins are predominantly used in the wood products industry as adhesives. Growth of these resins strongly correlates to construction/remodeling activity—which accounts for over 50% of consumption—and, to a lesser degree, the automotive industry.

Formaldehyde market is fragmented, with about 500 producers worldwide. Most formaldehyde producers are primarily concerned with satisfying captive requirements for derivatives and/or supplying local merchant sales. Formaldehyde can polymerize after a week of storage. It is usually produced close to the point of consumption because of the difficulties associated with transporting it and the cost of transporting it in solution. As a result, world trade in formaldehyde is minimal and typically accounts for less than 1% of production. Downstream integration into derivatives is very important.

Key Benefits

Duration: Long-term outlook to 2050

The World Analysis – Formaldehyde and Resins provides a comprehensive analysis of and key insights into critical market developments as they shape the future outlook for the global formaldehyde and resins market.

The following reports, data files, analytical tools and visualization modules are available online and can be downloaded from our website:

  • Direct Access to the Subject Matter Experts
  • In-depth exploration of present market strategic insights, recognition of critical challenges, and presentation of our experts’ forecasts and analysis
  • Explanatory Notes detailing data sources, methodologies, unit and conversion factors, and World Analysis deliverables.
  • Energy and Economy assumptions
  • Price, cost, and margin base assumptions forecast and sensitivities analysis, including price assessment methodology and price definitions across all regions.
  • Excel data files with standard supply/demand graphics and price forecasts extended to 2050, trade grids with country and regional trade flows Data appendix (Excel) with supply/demand, capacity and trade tables.
  • An online dashboard visualization of capacity, supply/demand, trade grids, and price, cost and margin forecasts
  • Supply/demand and capacity database access via data browser
  • Data Appendix (Excel) with supply/demand and capacity tables
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking, and ownership/subsidiary information

In addition to the main product(s), Formaldehyde and Resins, capacity and textual analysis are provided for the following products:

  • Urea-formaldehyde resins
  • Phenol-formaldehyde resins
  • Melamine-formaldehyde resins
  • Polyacetal resins
  • Pentaerythritol
  • Methylene diphenyl diisocyanate
  • 1,4-Butanediol
  • Hexamethylenetetramine
  • Slow-release fertilizers
  • Herbicides
  • Paraformaldehyde
  • Trimethylolpropane
  • Neopentyl glycol
  • Trimethylolethane

This World Analysis contains detailed information on capacities, production, demand, and trade for all significant producing and consuming countries and regions. Although data gathering is essential for understanding history and potential future trends, we believe that the interpretation and analysis of the data is the most valuable information to our clients.

Service Features

Duration: Long-term outlook to 2050


Frequency: Bi-annual
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: Formaldehyde, Melamine-formaldehyde resin, Phenol-formaldehyde resins, Urea-formaldehyde resins


Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050

  • Nameplate capacity on individual plant location by producer and by the shareholder for main study products + essential derivatives
  • Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: 1,4-Butanediol, Formaldehyde, Melamine-formaldehyde resin, Phenol-formaldehyde resins, Urea-formaldehyde resins, Pentaerythritol, Polyacetal (Acetal Resins)


Frequency: Bi-annual
Format: Excel
Timeframe: 1 year of history, up to 10 years of forecast
Area Coverage: Between partner countries and by region
Chemical Coverage: Formaldehyde, Melamine-formaldehyde resin, Phenol-formaldehyde resins, Urea-formaldehyde resins


Frequency: Annual
Format: PDF/HTML
Timeframe: 5-year history, forecast to 2050
Coverage: Regional market summaries

  • Production economics/snapshots for selected regions/processes
  • Production process/technology overview
Chemical Coverage: 1,4-Butanediol, Hexamethylenetetramine, Herbicides, Melamine-formaldehyde resins, Methylene Diphenyl Diisocyanate, Neopentyl Glycol, Paraformaldehyde, Pentaerythritol, Phenol Formaldehyde Resins, Polyacetal resins, Trimethylolpropane, Urea Formaldehyde Resins


  • Access to our global team of subject matter experts
  • Interactive data visualization module (dashboard)
  • Standard supply/demand graphs
  • Data appendix with supply/demand and capacity tables
  • Supply/demand and capacity database access via data browser

Annual Table of Contents

  • Introduction 4
  • Executive Overview 6
  • Strategic Insights 9
  • Economic forecast update 9
  • Impact of COVID-19 outbreak on the mainland Chinese market 10
  • Health concerns and regulations on formaldehyde emissions control 10
  • Search for greener alternatives to formaldehyde 11
  • Production Process Overview 12
  • Introduction 12
  • Conversion Factors 12
  • Silver Catalyst Processes 12
  • Metal Oxide Processes 13
  • Phenolic Formaldehyde Resins Manufacture 13
  • Resols 14
  • Novolacs 15
  • Amino Resins 17
  • Derivatives Product Overview 20
  • Urea Formaldehyde Resins 20
  • Introduction 20
  • Wood Adhesives 20
  • Phenol Formaldehyde Resins 21
  • Introduction 21
  • Wood Adhesives 21
  • Insulation 21
  • Molding Compounds 21
  • Laminates 21
  • Other 22
  • Melamine-formaldehyde resins 23
  • Polyacetal resins 23
  • Pentaerythritol 24
  • Methylene Diphenyl Diisocyanate 24
  • 1,4-Butanediol 24
  • Hexamethylenetetramine 24
  • Slow-Release Fertilizers 25
  • Herbicides 25
  • Paraformaldehyde 25
  • Trimethylolpropane 25
  • Neopentyl Glycol 25
  • Trimethylolethane 26
  • Supply/Demand forecast methodology 27

Market Coverage



Paint & Coating


Javier Ortiz

Javier Ortiz Director, North & South America Methanol Lead Chemical Market Analytics by OPIS

Javier Ortiz is the Director of the North and South American methanol market at Chemical Market Analytics. Javier Ortiz is the North and South American methanol market director at Chemical Market Analytics. As of 2019, Mr. Ortiz leads methanol market coverage in the Americas. He began his consulting career at CMAI (Chemical Market Associates, Inc.), in 2007 as a research analyst for the North and South American synthetic fibers market, primarily focusing on the polyester and nylon supply chains. He was subsequently appointed global leader of CMAI’s senior research analyst group while taking over consulting coverage of the nylon raw materials markets in the Americas. Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) Methanol team, Mr. Ortiz formed part of its Plastics group for nearly a decade, where he led coverage of the polyolefins market in Latin American, directed the QuiMax Latin American consulting service, and was also responsible for polystyrene market research in the Americas. He holds a degree in industrial engineering and a minor in business administration from Texas A&M University, US.
Mike Nash

Mike Nash Vice President, Global Syngas Team Lead | Americas Acetyls Lead Chemical Market Analytics by OPIS

Mr. Mike Nash is the Vice President for Syngas Chemicals (including the methanol and acetyls practices) at Chemical Market Analytics. He works with a global team of regional consultants and overlays their analyses with a global perspective. His responsibilities include the weekly World Methanol Report and monthly World Methanol Analysis, including the weekly and monthly Global Acetyls Market Reports and the related World Analyses for Methanol, Acetyls, and Formaldehyde. Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) in September 2012, Mr. Nash worked for BP's petrochemicals division for 19 years preceding a two-year stint in Total's UK fuels business. He performed various commercial roles within BP, in international business management, marketing, project management, and logistics, based in London, Duesseldorf, and Kuala Lumpur. His last role in the Total UK was the Logistics Director for Specialties. Mr. Nash holds a Master of Arts in English Language and Literature from Edinburgh University, UK, and a Master of Business Administration from Kingston University, UK.
Shreya Kansara

Shreya Kansara Principal Analyst Chemical Market Analytics by OPIS

Shreya Kansara is a Senior Research Analyst with the Syngas team at Chemical Market Analytics. Ms. Kansara is responsible for maintaining and updating the global data files including the econometric models. She also provides support to the team for various analyses, client queries, presentations, publication of the Weekly and Monthly reports, and the World Analysis. Before taking on her current role in 2018, she worked as a business analyst for the President of a prominent Chemicals company in India. She holds a bachelor's degree in Chemical Engineering and an MBA in Marketing from the University of Mumbai, India.
Xiaomeng Ma

Xiaomeng Ma Director, Asia Methanol Chemical Market Analytics by OPIS

Xiaomeng Ma is the Director of Asia Methanol at Chemical Market Analytics Xiaomeng is an experienced researcher with a strong track-record working experience in the industrial sectors spanning from petrochemical markets, and specialty chemical industries to energy and fuel industries. Xiaomeng Ma's current focuses are on methanol-related industries. She is skilled in project assessment, building and implementing business strategies, and creating economic models. She has a strong professional background with a Masters in Engineering and a realistic understanding of the opportunities and challenges in the Asia chemical industry.

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