2020 global demand shortage of formaldehyde

After five years of global formaldehyde market will demand. IHS Chemical Company last week provided to the "2014 Global formaldehyde and resin analysis report," said the current global formaldehyde plant operating rate is still low,Sellotape

 but the rapid growth of the downstream resin market is digesting excess capacity. After five years are expected to need new global formaldehyde production capacity to meet market demand. IHS Chemical also pointed out that China has become the world's largest formaldehyde market, the future will continue to lead the growth in global demand. Masking tape


According to experts, the demand side IHS said the next 10 years, the most important consumer market is still formaldehyde resin production. IHS Chemical said the 2013 global formaldehyde consumption will reach 42 million tons, of which formaldehyde resins (including urea-formaldehyde resins, phenolic resins and melamine-formaldehyde resins) will account for 73% of consumption,Washi tape

 the remaining part will flow to the polyacetal resin , pentaerythritol, and other demand for smaller products. IHS predicts that by 2023, by the construction, automotive, furniture and original equipment manufacturing applications demand stimulation, formaldehyde formaldehyde resin will account for 74% of demand.Wholesale masking tape