Formaldehyde Market to Grow at a CAGR of 4.22% by 2030
According to ChemAnalyst report, “ Formaldehyde Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Formaldehyde market witnessed a demand of around 10.47 million in 2020 and anticipated to grow at a significant rate with a healthy CAGR of 4.22% until 2030 due to the wide range applications of Formaldehyde and its derivatives in various end use industries such as Building & Construction, Chemical, Automotive, Pharmaceuticals, Agriculture, Personal Care & Cosmetics and Others. Read Full Report Here: https://www.chemanalyst.com/industry-report/formaldehyde-market-627 Formaldehyde is an organic compound as well as simplest aldehyde, also called as Methanal and Formalin (when dissolve in water), having a strong pungent smell. It is a colorless, volatile, highly flammable, toxic gas produced by vapor-phase oxidation of methanol, this process takes place at very