Market Overview:
The global household formaldehyde detector market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about the health hazards posed by formaldehyde and rising demand for portable and stationary household formaldehyde detectors. Based on type, the global household formaldehyde detector market is segmented into portable and stationary detectors. The portable segment is expected to grow at a higher CAGR than the stationary segment during the forecast period from 2018 to 2030. This can be attributed to growing demand for portability in detection devices owing to changing lifestyles and increasing number of working women globally. Based on application, the global household formaldehyde detector market is divided into industrial, commercial, and households segments.
Product Definition:
A household formaldehyde detector is a device used to measure the level of formaldehyde in the air. Formaldehyde can be harmful to humans and animals, so it is important to have a detector in order to monitor and control its levels.
Portable Household Formaldehyde Detector:
The global Portable Household Formaldehyde Detector market is expected to witness significant growth over the forecast period. The increasing awareness among consumers regarding health and safety coupled with stringent regulations by government organizations such as OSHA, EPA, and EU commission about the harmful effects of formaldehyde in workplaces has led to an increase in demand for portable detectors.
Stationary Household Formaldehyde Detector:
Stationary Household Formaldehyde Detector is a device used to detect the presence of formaldehyde in household products. It is an electronic device which helps in detecting the amount of formaldehyde present in various products such as furniture, carpet, paint, and others. The product has gained popularity owing to its ability to reduce asthma symptoms among children and adults with respiratory diseases.
Application Insights:
The global market is segmented by application into industrial, commercial and household. The industrial application was the largest segment in 2017 and is projected to maintain its lead over the forecast period. Formaldehyde resins are widely used in construction materials for drywall, paneling, flooring systems and roof coatings among others. Stationary formaldehyde detectors are installed at various locations within industries to ensure safe operations.
Formaldehyde has been identified as a potential human carcinogen by the International Agency for Research on Cancer (IARC) which classified it under Group 1 of carcinogenic substances - those that cause cancer upon exposure to humans.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The increasing number of formaldehyde manufacturing units in India, China, and Southeast Asian countries is anticipated to drive regional growth. Rapid industrialization coupled with strict government regulations regarding workplace safety in these regions is also likely to propel demand for HFDs over the coming years.
Europe was estimated as having been a major consumer owing to high demand from end-use industries such as construction and automotive. However, stringent emission standards implemented on automobiles are projected to reduce formaldehyde usage across Europe by 2030 thus reducing market size considerably. Moreover, rising environmental awareness among consumers has resulted in reduced product demand across this region as well resulting into a smaller overall market size by 2030 (USD X million).
Growth Factors:
- Increasing awareness about the health hazards associated with formaldehyde exposure
- Growing demand for healthy and safe homes
- Rising popularity of green building practices
- Proliferation of home improvement and renovation projects
- Increased adoption of household formaldehyde detectors by government agencies
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Formaldehyde Detector Market Research Report
By Type
Portable Household Formaldehyde Detector, Stationary Household Formaldehyde Detector
By Application
Industrial, Commercial, Household
By Companies
RAE System, Riken Keiki, New Cosmos, Extech, Begood, PPM Technology, Bacharach, Shenzhen Chinaway, Uni-Trend, Hal Technology, RAE System, Bramc, Environmental Sensors, Bebur, E Instruments, Lanbao
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Household Formaldehyde Detector Market Report Segments:
The global Household Formaldehyde Detector market is segmented on the basis of:
Types
Portable Household Formaldehyde Detector, Stationary Household Formaldehyde Detector
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
Industrial, Commercial, Household
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:
- RAE System
- Riken Keiki
- New Cosmos
- Extech
- Begood
- PPM Technology
- Bacharach
- Shenzhen Chinaway
- Uni-Trend
- Hal Technology
- RAE System
- Bramc
- Environmental Sensors
- Bebur
- E Instruments
- Lanbao
Highlights of The Household Formaldehyde Detector 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:
- Portable Household Formaldehyde Detector
- Stationary Household Formaldehyde Detector
- By Application:
- Industrial
- Commercial
- Household
- 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 Household Formaldehyde Detector 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
A household formaldehyde detector is a device that can be used to measure the level of formaldehyde in a home.
Some of the major companies in the household formaldehyde detector market are RAE System, Riken Keiki, New Cosmos, Extech, Begood, PPM Technology, Bacharach, Shenzhen Chinaway, Uni-Trend, Hal Technology, RAE System, Bramc, Environmental Sensors, Bebur, E Instruments, Lanbao.
The household formaldehyde detector market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Household Formaldehyde Detector Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Household Formaldehyde Detector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Household Formaldehyde Detector Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Household Formaldehyde Detector Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Household Formaldehyde Detector Market Size & Forecast, 2020-2028
4.5.1 Household Formaldehyde Detector Market Size and Y-o-Y Growth
4.5.2 Household Formaldehyde Detector Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Portable Household Formaldehyde Detector
5.2.2 Stationary Household Formaldehyde Detector
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Household Formaldehyde Detector Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Household Formaldehyde Detector Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Portable Household Formaldehyde Detector
9.6.2 Stationary Household Formaldehyde Detector
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Household
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Portable Household Formaldehyde Detector
10.6.2 Stationary Household Formaldehyde Detector
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Household
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Portable Household Formaldehyde Detector
11.6.2 Stationary Household Formaldehyde Detector
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Household
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Portable Household Formaldehyde Detector
12.6.2 Stationary Household Formaldehyde Detector
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Household
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Portable Household Formaldehyde Detector
13.6.2 Stationary Household Formaldehyde Detector
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Household
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Household Formaldehyde Detector Market: Competitive Dashboard
14.2 Global Household Formaldehyde Detector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 RAE System
14.3.2 Riken Keiki
14.3.3 New Cosmos
14.3.4 Extech
14.3.5 Begood
14.3.6 PPM Technology
14.3.7 Bacharach
14.3.8 Shenzhen Chinaway
14.3.9 Uni-Trend
14.3.10 Hal Technology
14.3.11 RAE System
14.3.12 Bramc
14.3.13 Environmental Sensors
14.3.14 Bebur
14.3.15 E Instruments
14.3.16 Lanbao
