The global formaldehyde scavengers market is expected to grow at a CAGR of 5.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for formaldehyde scavengers in various applications such as wood panel, coating, fabric and indoor environmental protection.
Neutralization reaction is the most commonly used type of formaldehyde scavenger in the global market and accounted for over 50% share in 2017. This type of scavenger reacts with formaldehyde molecules and converts them into water and carbon dioxide molecules through a neutralization reaction process. Catalytic decomposition is another type of formaldehyde scavenger which converts it into water vapor through catalytic decomposition process while oxidatioreduction converts it into water vapor through oxidation-reduction process. Sealing plugging is also another type which seals off any leaks or gaps that may allow air containing high levels of formaldehyde to escape from an enclosed space such as a building or vehicle cabin.
Some Of The Growth Factors Of This Market:
- Formaldehyde scavengers are used in the production of polyurethane foam, which is a common material in furniture and bedding.
- The use of formaldehyde scavengers has been shown to reduce the levels of formaldehyde emitted from these products by up to 90%.
- China is one of the largest producers and consumers of formaldehyde scavengers, accounting for over 50% of global consumption in 2015.
- Formaldehyde scavenger prices have been declining due to increased competition among suppliers and lower raw material costs.
Industry Growth Insights published a new data on “Formaldehyde Scavengers Market”. The research report is titled “Formaldehyde Scavengers Market research by Types (Neutralization reaction, Catalytic decomposition, Oxidation-reduction, Sealing plugging), By Applications (Wood Panel, Coating, Fabric, Indoor Environmental Protection, Others), By Players/Companies Georgia-Pacific Chemicals, StarChem, CHIMAR, SYNTHRON, Emerald Performance Materials, TAG Chemcials, Huntsman”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Formaldehyde Scavengers Market Research Report
By Type
Neutralization reaction, Catalytic decomposition, Oxidation-reduction, Sealing plugging
By Application
Wood Panel, Coating, Fabric, Indoor Environmental Protection, Others
By Companies
Georgia-Pacific Chemicals, StarChem, CHIMAR, SYNTHRON, Emerald Performance Materials, TAG Chemcials, Huntsman
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Formaldehyde Scavengers Market Report Segments:
The global Formaldehyde Scavengers market is segmented on the basis of:
Types
Neutralization reaction, Catalytic decomposition, Oxidation-reduction, Sealing plugging
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wood Panel, Coating, Fabric, Indoor Environmental Protection, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Georgia-Pacific Chemicals
- StarChem
- CHIMAR
- SYNTHRON
- Emerald Performance Materials
- TAG Chemcials
- Huntsman
Highlights of The Formaldehyde Scavengers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Neutralization reaction
- Catalytic decomposition
- Oxidation-reduction
- Sealing plugging
- By Application:
- Wood Panel
- Coating
- Fabric
- Indoor Environmental Protection
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Formaldehyde Scavengers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Formaldehyde scavengers are a type of air purifier that remove formaldehyde from the air.
Some of the major players in the formaldehyde scavengers market are Georgia-Pacific Chemicals, StarChem, CHIMAR, SYNTHRON, Emerald Performance Materials, TAG Chemcials, Huntsman.
The formaldehyde scavengers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Formaldehyde Scavengers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Formaldehyde Scavengers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Formaldehyde Scavengers Market - Supply Chain
4.5. Global Formaldehyde Scavengers Market Forecast
4.5.1. Formaldehyde Scavengers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Formaldehyde Scavengers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Formaldehyde Scavengers Market Absolute $ Opportunity
5. Global Formaldehyde Scavengers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Formaldehyde Scavengers Market Size and Volume Forecast by Type
5.3.1. Neutralization reaction
5.3.2. Catalytic decomposition
5.3.3. Oxidation-reduction
5.3.4. Sealing plugging
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Formaldehyde Scavengers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Formaldehyde Scavengers Market Size and Volume Forecast by Application
6.3.1. Wood Panel
6.3.2. Coating
6.3.3. Fabric
6.3.4. Indoor Environmental Protection
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Formaldehyde Scavengers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Formaldehyde Scavengers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Formaldehyde Scavengers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Formaldehyde Scavengers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Formaldehyde Scavengers Demand Share Forecast, 2019-2026
9. North America Formaldehyde Scavengers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Formaldehyde Scavengers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Formaldehyde Scavengers Market Size and Volume Forecast by Application
9.4.1. Wood Panel
9.4.2. Coating
9.4.3. Fabric
9.4.4. Indoor Environmental Protection
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Formaldehyde Scavengers Market Size and Volume Forecast by Type
9.7.1. Neutralization reaction
9.7.2. Catalytic decomposition
9.7.3. Oxidation-reduction
9.7.4. Sealing plugging
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Formaldehyde Scavengers Demand Share Forecast, 2019-2026
10. Latin America Formaldehyde Scavengers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Formaldehyde Scavengers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Formaldehyde Scavengers Market Size and Volume Forecast by Application
10.4.1. Wood Panel
10.4.2. Coating
10.4.3. Fabric
10.4.4. Indoor Environmental Protection
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Formaldehyde Scavengers Market Size and Volume Forecast by Type
10.7.1. Neutralization reaction
10.7.2. Catalytic decomposition
10.7.3. Oxidation-reduction
10.7.4. Sealing plugging
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Formaldehyde Scavengers Demand Share Forecast, 2019-2026
11. Europe Formaldehyde Scavengers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Formaldehyde Scavengers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Formaldehyde Scavengers Market Size and Volume Forecast by Application
11.4.1. Wood Panel
11.4.2. Coating
11.4.3. Fabric
11.4.4. Indoor Environmental Protection
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Formaldehyde Scavengers Market Size and Volume Forecast by Type
11.7.1. Neutralization reaction
11.7.2. Catalytic decomposition
11.7.. Oxidation-reduction
11.7.4. Sealing plugging
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Formaldehyde Scavengers Demand Share, 2019-2026
12. Asia Pacific Formaldehyde Scavengers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Formaldehyde Scavengers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Formaldehyde Scavengers Market Size and Volume Forecast by Application
12.4.1. Wood Panel
12.4.2. Coating
12.4.3. Fabric
12.4.4. Indoor Environmental Protection
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Formaldehyde Scavengers Market Size and Volume Forecast by Type
12.7.1. Neutralization reaction
12.7.2. Catalytic decomposition
12.7.3. Oxidation-reduction
12.7.4. Sealing plugging
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Formaldehyde Scavengers Demand Share, 2019-2026
13. Middle East & Africa Formaldehyde Scavengers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Formaldehyde Scavengers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Formaldehyde Scavengers Market Size and Volume Forecast by Application
13.4.1. Wood Panel
13.4.2. Coating
13.4.3. Fabric
13.4.4. Indoor Environmental Protection
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Formaldehyde Scavengers Market Size and Volume Forecast by Type
13.7.1. Neutralization reaction
13.7.2. Catalytic decomposition
13.7.3. Oxidation-reduction
13.7.4. Sealing plugging
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Formaldehyde Scavengers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Formaldehyde Scavengers Market: Market Share Analysis
14.2. Formaldehyde Scavengers Distributors and Customers
14.3. Formaldehyde Scavengers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Georgia-Pacific Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. StarChem
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CHIMAR
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SYNTHRON
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Emerald Performance Materials
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TAG Chemcials
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Huntsman
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
