세계의 포름알데히드 시장 규모는 2024년에 75억 2,000만 달러에 달하며, 2030년에는 CAGR 4.62%로 98억 6,000만 달러에 달할 것으로 예측됩니다.
세계 포름알데히드 시장은 수지, 접착제, 열경화성 플라스틱, 특수 화학 물질의 제조에 주요 원료로 사용되며 화학 산업에서 중요한 부분을 차지합니다. 건축용 인조목재 패널, 자동차 보닛 부품, 농약, 항균 헬스케어 제품 등 수요가 많은 분야의 생산 공정을 지원하고 있습니다. 포름알데히드는 산업 밸류체인에 깊숙이 통합되어 성숙시장과 신흥 시장 모두에서 구조적으로 중요한 위치를 차지하고 있습니다.
| 시장 개요 | |
|---|---|
| 예측 기간 | 2026-2030년 |
| 시장 규모 : 2024년 | 75억 2,000만 달러 |
| 시장 규모 : 2030년 | 98억 6,000만 달러 |
| CAGR : 2025-2030년 | 4.62% |
| 급성장 부문 | 페놀 포름알데히드 |
| 최대 시장 | 아시아태평양 |
특히 배출 기준치 및 직장 안전에 대한 규제가 강화되고 있음에도 불구하고 시장은 초저배출 수지, 포름알데히드 프리 대체품 등 저배출 및 표준 준수 배합으로 전략적으로 전환하고 있습니다. 업계 기업은 혁신 파이프라인을 추진하고 지속가능한 원료 기술 및 차세대 수지 시스템에 투자함으로써 환경 규제 지역에서의 사업 회복력과 시장 진입을 유지하고 있습니다.
특히 아시아태평양 및 중동의 도시화, 산업 생산 및 인프라 투자 증가와 같은 강력한 기반에 힘입어 세계 포름알데히드 시장은 견고한 성장세를 보일 것으로 예측됩니다. 이러한 성장은 재료의 성능, 비용 효율성, 규제 정합성을 우선시하는 분야에 의해 주도되며, 세계 산업 환경에서 포름알데히드의 전략적 화학 중간체로서의 입지를 강화할 것으로 보입니다.
건설 및 인프라 개발 확대
엄격한 환경 및 위생 규제
포름알데히드 기반 저배출 및 환경 친화적 제품에 대한 수요 증가
이러한 변화는 포름알데히드를 위협이 아닌 지속가능한 화학 솔루션의 일부로 포지셔닝하고, 혁신과 컴플라이언스를 통해 관련성을 유지할 수 있도록 진화하는 것입니다.
Global 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 global formaldehyde market constitutes a vital segment within the chemical industry, serving as a key raw material in the formulation of resins, adhesives, thermosetting plastics, and specialty chemicals. It underpins production processes across high-demand sectors, including engineered wood panels in construction, under-the-hood automotive components, agrochemicals, and antimicrobial healthcare products. With its applications deeply integrated into industrial value chains, formaldehyde maintains a structurally important position in both mature and emerging markets.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 7.52 Billion |
| Market Size 2030 | USD 9.86 Billion |
| CAGR 2025-2030 | 4.62% |
| Fastest Growing Segment | Phenol Formaldehyde |
| Largest Market | Asia-Pacific |
Despite increasing regulatory scrutiny particularly around emission thresholds and workplace safety the market is witnessing a strategic pivot toward low-emission and compliant formulations, including ultra-low-emitting resins and formaldehyde-free alternatives. Industry players are advancing innovation pipelines, investing in sustainable feedstock technologies and next-generation resin systems to maintain operational resilience and market access in environmentally regulated regions.
Backed by strong fundamentals such as rising urbanization, industrial manufacturing, and infrastructure investments, particularly in Asia Pacific and the Middle East, the global formaldehyde market is set to expand steadily. This growth will be led by sectors prioritizing material performance, cost-efficiency, and regulatory alignment, reinforcing formaldehyde's position as a strategic chemical intermediate in the global industrial landscape.
Key Market Drivers
Expanding Construction and Infrastructure Development
The expansion of construction and infrastructure development is a key macroeconomic driver that significantly accelerates growth in the global formaldehyde market. As countries invest heavily in housing, commercial real estate, transport networks, and industrial facilities, the demand for formaldehyde-based materials continues to rise sharply. Formaldehyde plays an essential role in producing engineered wood products, insulation, coatings, and adhesives making it indispensable in modern construction practices. One of the most critical applications of formaldehyde in construction lies in its use in resin production specifically urea-formaldehyde (UF), phenol-formaldehyde (PF), and melamine-formaldehyde (MF) resins. These are key binders in the manufacturing of: Plywood, Medium-density fiberboard (MDF), Particleboard, Oriented strand board (OSB). These engineered wood products form the backbone of residential, commercial, and industrial buildings, used in flooring, paneling, roofing, cabinetry, and wall sheathing. The superior strength-to-weight ratio, dimensional stability, and cost-efficiency of these materials have made them industry standards especially in markets focused on mass-scale, modular, or prefabricated construction.
As construction volumes rise globally, particularly in emerging markets, so does the demand for these formaldehyde-bound wood composites. Global urbanization is on a steep upward trajectory, with the proportion of the population living in cities projected to increase from 55% today to 68% by 2050. This shift translates to an influx of approximately 2.5 billion additional urban residents, with the majority of this growth concentrated in Asia and Africa. The world is experiencing unprecedented levels of urban migration, with millions relocating to cities each year. This trend is especially pronounced in Asia Pacific, Africa, and parts of Latin America. To accommodate this shift, governments and private developers are investing in: Affordable housing projects, High-rise apartment complexes, Smart cities and satellite townships. These large-scale developments require enormous quantities of construction materials including insulation, laminates, wood panels, and concrete admixtures many of which involve formaldehyde-based chemicals either as binders or performance enhancers. This sustained housing demand translates into consistent and high-volume consumption of formaldehyde and its derivatives.
Key Market Challenges
Stringent Environmental and Health Regulations
Formaldehyde is classified as a hazardous air pollutant and a probable human carcinogen by multiple global regulatory bodies, including the U.S. Environmental Protection Agency (EPA), the World Health Organization (WHO), and the European Chemicals Agency (ECHA). These classifications have led to: Strict emission limits on formaldehyde-based products, particularly in building materials and indoor environments (e.g., CARB Phase 2 and EPA TSCA Title VI in the U.S.). Mandatory compliance with product labeling and safety data requirements under REACH (EU) and other global frameworks. Increased scrutiny of occupational exposure levels in manufacturing and industrial settings.
These regulations have a direct impact on producers and downstream users, forcing them to invest heavily in compliance technologies, product reformulation, and process adjustments. The cost and complexity of meeting these evolving standards often delay product development, limit application scope, and discourage investment, especially in smaller or price-sensitive markets.
Key Market Trends
Rising Demand for Low-Emission and Eco-Compliant Formaldehyde-Based Products
As environmental regulations grow increasingly stringent particularly around indoor air quality and volatile organic compound (VOC) emissions the formaldehyde market is witnessing a strong pivot toward low-emitting and compliant formulations. Regulatory frameworks such as the EPA TSCA Title VI, California Air Resources Board (CARB) standards, and EU REACH legislation are compelling manufacturers to reformulate products that reduce or eliminate free formaldehyde emissions.
Surge in demand for ultra-low-emitting resins (ULEF) and no-added-formaldehyde (NAF) resins, particularly in furniture, flooring, and cabinetry applications. Increased investment in emission control technologies and advanced catalysts to minimize process-related emissions in manufacturing plants. Growing consumer and B2B preference for eco-label certified products (e.g., Greenguard, FSC, LEED-compliant), reinforcing the use of safer formaldehyde-based materials.
This shift is not a threat, but rather an evolution positioning formaldehyde as part of sustainable chemistry solutions, where it can maintain relevance through innovation and compliance.
In this report, the Global Formaldehyde Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Formaldehyde Market.
Global Formaldehyde market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: