Formaldehyde is a primary derivative of methanol and the largest single end-use for methanol. Formaldehyde derivatives, such as urethane (for urethane foam products) and plastics are used in products for the office, car and home. Engineered woods, such as plywood, used in home construction and furniture are bonded with resins based on formaldehyde.

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Formaldehyde is one of the major organic chemicals produced in India. Almost all the consuming sectors of Formaldehyde have witnessed growth rates of more than 5% in the past 5 years, indicating a strong demand of Formaldehyde in the present market scenario. Resin Industry is the largest consumer of Formaldehyde accounting for more than half the domestic production of the country and expected to achieve growth rates close to 10% in the next 5 years. Uses as a direct and intermediate solvent are other major consumers of Formaldehyde in the country expected to witness modest growth in the coming years. Southern region of the country is the largest hub of Formaldehyde consumption, accounting for almost half of domestic Formaldehyde consumption. Other regions of the country share approximate similar Formaldehyde requirements, which are however, expected to increase in the future.

The market study firmly establishes a growing demand in India for Formaldehyde, which has been increasing over the years, but in a non continuous manner. Formaldehyde demand is met through domestic production. Formaldehyde demand is driven by use as solvent for a plethora of industries as well as exports. India also exports moderate volumes of Formaldehyde. However, the production of Formaldehyde is not up to the full capacity because of the lower demand of the chemical in the country.

Kanoria, Allied Resins and Allied Chemicals Ltd, INA India Ltd. and Aldehyde India are the chief Formaldehyde manufacturers in the domestic market. Though demand has seen a modest growth, it is still playing catch up to the domestic production. India's excess domestic production mandates producers and exporters to export Formaldehyde. Currently, Nepal is the biggest importer of Indian Formaldehyde, importing more than half of the total quantity exported from India. Sri Lanka, Kenya, Bhutan and UAE also hold the rest amount of share. Although, India needs to further expand its percentage of exports and increase the production up to its full capacity so as to enhance the export market.

The five largest markets for formaldehyde are North America, Europe, Latin America, Middle East and China. China now produces and consumes one-third of the world's formaldehyde. The largest amount of formaldehyde finds application in the manufacture of Resins, viz., Phenol Formaldehyde (PF), Urea Formaldehyde (UF) and Melamine Formaldehyde (MF) - which finds applications in laminates, plywood, MDF, particle board and hard boards. UF, MF and PF resins accounted for approximately 66% of world consumption.

Highlights of the Report

  •  Domestic installed capacity, production and demand
  •  Key Manufacturers in India
  •  Domestic Market Share and Trends
  •  Region-wise Demand Distribution
  •  Month-wise Import Quantities
  •  Month-wise Export Quantities
  •  Country-wise Share of Imports
  •  Port-wise Share of Imports
  •  Major End Users, Traders and Distributors
  •  CIF Pricing
  •  Prominent Production Technology Licensors
  •  Industrial Manufacturing Process
  •  Application and Use in Diverse Sectors
  •  Global Market highlights
  •  Health Impacts
  •  Chemical and Physical Properties
  1. Chapter 1: Introduction
    1. Chemical and Physical Properties
    2. Application and Use
    3. Health Impacts
    4. Industrial Manufacturing Process
    5. Prominent Production Technology Licensors
  2. Chapter 2: Indian Scenario
    1. Production and Demand
    2. Region-wise Demand Distribution
    3. Key Producers in India
    4. Market Share and Trends
    5. Import and Exports
      1. Month-wise Import Quantities
      2. Month-wise Export Quantities
      3. Country-wise Share of Imports
      4. Port-wise Share of Imports
    6. Major End Users, Traders and Distributors
    7. Pricing in India
      1. CIF Pricing
  3. Chapter 3: Global scenario

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