Formaldehyde Prices, News, Market Analysis | ChemAnalyst

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Formaldehyde Prices Overview
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Market Overview Quarterly Update on Global
Formaldehyde Market For the Quarter Ending March
2020 Asia   In the Asian market, the demand for
Formaldehyde remained firm from its derivatives
sectors like plastics and resins initially, due
to improvement in industrial activities across
the region. Get more info https//www.chemanal
yst.com/Pricing-data/formaldehyde-1214
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Formaldehyde Prices Overview
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During Q1 2021, supply for feedstock Methanol
remained low due to several planned and unplanned
turnaround in several companies in Middle East
which ultimately supported its prices in the
Asian market. In addition, Carbon Recycling
International (CRI) announced the allocation of
new CO2 to Methanol production unit in Anyang
China, which will recycle 160,000 Tonnes of CO2
per year. This upcoming unit is expected to
improve the feedstock Methanol availability in
the country. Europe   European Formaldehyde
market improved in Q1 2021, the improved demand
from downstream sector like resins, food and
plastics enhanced the market sentiments across
the region. In addition, Equinors major Methanol
plant in Norway resumed its production after
months of prolonged shutdown due to a fire hazard
in December 2020. As this plant accounts more
than 25 of total Methanol production in Europe
and incurs a massive plant capacity of 900,000
MT/year, the shutdown impacted the production of
Formaldehyde across the region in the first
quarter of 2021. Following the resumption, supply
crisis for Formaldehyde in Europe will
considerably improve which will further slow down
its price increment all over the Europe.   North
America     US Formaldehyde market experienced
shortage of supply during Q1 2021 due to
significant shortage of feedstock Methanol across
the region. Winter storm in gulf region sparked
fire on the ongoing crisis of feedstock Methanol,
which was previously started during Q4 2020 due
to multiple hurricanes across the region. Major
Methanol and Formaldehyde plants faced power
outages across Texas, due to freezing weather
conditions. In line with the substantial demand
for feedstock Methanol for fuel, and insufficient
supply, prices of Formaldehyde rose rapidly, but
this price acceleration is anticipated to
stabilize with the arrival of summers in the
region.
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Formaldehyde Prices Overview
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• How we can help
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• Methodology
• ChemAnalyst gathers information through primary
  research surveys conducted with various
  Formaldehyde manufacturers, spread across
  the domestic and international market, suppliers
  and dealers/distributors to gain insights
  into value-chains and demand-supply scenario to
  assess the market situation. Thorough study of
  companys annual reports and secondary sources
  such as exhaustive search on credible paid
  databases, including our internal database is
  done to verify the information. All the collected
  information is analyzed, evaluated and presented
  in chronological order to depict a meaningful and
  clear picture of the concerned market.
•  
• Our dedicated team of industry experts
  comprehensively monitors and analyzes various
  aspects of the Global Formaldehyde market. The
  team analyzes various industrial segments,
  strategic viewpoints and provides an analysis of
  the industrys performance in the long run. This
  would enable our clients in efficiently plan
  their future investments, mitigate risk,
  understand the cost dynamics and strike out a
  balance amidst market volatility.
•  
• Critical examination of the impact of COVID-19
  pandemic on the global supply chains and shift in
  demand patterns with change in buying behavior of
  consumers across the globe.

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Formaldehyde Prices Overview
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• Several ongoing development projects across
  industries are tracked, followed by the details
  of major projects in the development stage, which
  can positively or negatively influence Global
  Formaldehyde market.
•  
• Pricing is captured through exhaustive primary
  interviews with domestic and international
  manufacturers, traders and importers and
  customers on weekly, monthly and yearly basis.
•  
• Finally, region-specific markets for Formaldehyde
  are analyzed and region-wise demand pattern is
  tracked.
• About
• Formaldehyde/Methanal is a flammable liquid
  having chemical formula CH2O, 40 solution of it
  is a polar compound which is soluble in water and
  acetone.
• Formaldehyde is industrially manufactured by the
  catalytic oxidation of Methanol in the presence
  of silver metal as a catalyst. Formaldehyde is
  primarily utilized to produce resins like
  Urea-Formaldehyde, Melamine Formaldehyde and
  others.
• During the production process, two reactions
  occur simultaneously, one is oxidation of
  Methanol and other is dehydrogenation of
  Methanol. Formaldehyde has various uses like it
  is used to manufacture explosives (RDX),
  plastics, resins, paper towels, tissues etc. In
  addition, Formaldehyde is also used to preserve
  food, biological specimens, paints etc.
• Formaldehyde with water is known as Formaline.
  Formaline is widely used as an industrial
  disinfectant, to manufacture some vaccine and for
  the purpose of sterilisation. 

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Formaldehyde Prices Overview
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CAS No HS Code Packaging Size Import Terms Countries Covered
50-00-0   29121100   Tank/Drum CFR, FOB, Ex-Work, Bulk Contracted, Spot APAC  China, Japan, India, South Korea, Singapore Europe  Germany, France, Belgium America  USA, Brazil MEA  Saudi Arabia, UAE, South Africa