Saudi Arabia Formaldehyde Market Analysis

Saudi Arabia Formaldehyde Industry Analysis

Derivative Insights

• The urea formaldehyde category will hold the largest share, of 30%, in 2024. Formaldehyde is widely used in textiles, electrical appliances, and wood glue because of its low water absorption, high heat distortion, and high surface hardness.
• The phenol formaldehyde category is expected to grow at the highest CAGR, of 5.5%, over the forecast period. It offers dimensional stability, as well as chemical and electrical resistance. It also makes a strong wood adhesive for plywood and particleboard.

The derivatives analyzed in this report are:

• Urea Formaldehyde (Largest Category)
• Phenol Formaldehyde (Fastest-Growing Category)
• Melamine Formaldehyde
• Hexamine
• Polyoxymethylene
• Others 

End User Insights

• The building and construction category will account for the largest share, of 35%, in 2024. Formaldehyde helps improve the tensile strength and durability of building materials. It is widely used for insulation purposes, as well as an adhesive in wood panel products.
• The furniture category is expected to grow at the highest CAGR, over the forecast period. Formaldehyde is used in different furniture items, such as bed frames, desks, and stools, to which it offers greater durability and resistance to moisture and termites.

The end users analyzed in this report are:

• Building & Construction (Largest Category)
• Agriculture
• Healthcare
• Chemical and Petrochemical
• Furniture (Fastest-Growing Category)
• Others