Formalin Market Rising Business Opportunities with Prominent Investment Ratio by 2030 | AMR

The global formalin market size is projected to reach $11.7 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030. 

WILMINGTON, DE, UNITED STATES, July 28, 2025 /EINPresswire.com/ -- The global formalin industry was estimated at $6.9 billion in 2020, and is anticipated to hit $11.7 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030.

Allied Market Research published a report, titled, "Formalin Market by Percentage (1.0%-20.0%, 20.0%-40.0%, and 40.0% - 60.0) and Application (Automotive, Drugs, Dyes, Fertilizer, Antiseptic Perfume, Rubber chemicals and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." 

Download Sample Report@ https://www.alliedmarketresearch.com/request-sample/14024

Drivers, restraints, and opportunities-

Rise in the usage of adhesives and increase in application of formalin drive the growth of the global formalin market. On the other hand, government regulations on usage and manufacturing of formalin impede the growth to some extent. However, surge in demand for formalin from the agricultural industry is expected to create lucrative opportunities in the industry.

Key players in the industry-

3M

BASF SE

Bayer AG

Celanese Corporation

DuPont

Balaji

Formalin Private Limited

Dynea AS

Huntsman International LLC

Merck KGaA

Georgia-Pacific Chemicals

Have Any Query? Ask Our Expert : https://www.alliedmarketresearch.com/purchase-enquiry/14024

Based on percentage, the 1.0%-20.0%segment accounted for around more than two-fifths of the global formalin market share in 2020, and is anticipated to rule the roost by 2030. The demand for 1.0%-20.0% based formalin percentages is driven by the factor that it is cost-effective and a well-tolerated solution for the drugs in the fertilizer industry. The 20.0%-40.0% segment, however, would cite the fastest CAGR of 6.1% throughout the forecast period.

Buy Latest Version of Report: https://www.alliedmarketresearch.com/formalin-market/purchase-options

The fertilizer segment to maintain the dominant share-

Based on application, the fertilizer segment held more than two-fifths of the global formalin market revenue in 2020, and is expected to lead the trail by 2030. This is due to increased food consumption around the world, which necessitates the use of more fertilizers. The antiseptic perfume segment, on the other hand, would manifest the fastest CAGR of 6.8% from 2020 to 2030. The demand for formalin in Asia-pacific is mainly driven by China, India, and the ASEAN countries, which are experiencing substantial rise in incorporating several applications that call for formalin in their composition.

Access Full Summary Report: https://www.alliedmarketresearch.com/formalin-market-A13655

Asia-Pacific, followed by Europe and North America, garnered the major share in 2020-

Based on region, Asia-Pacific, followed by Europe and North America, held the major share in 2020, generating more than half of the global formalin market. The same region would also grow at the fastest CAGR of 5.9% by 2030. Rise in demand for formalin in dyes, antiseptic, and drugs drives the market growth in the region.

For More Details: https://www.prnewswire.com/news-releases/formalin-market-to-garner-11-7-billion-globally-by-2030-at-5-6-cagr-says-allied-market-research-301486321.html

More Related Reports:

Sulfur Fertilizers Market : https://www.alliedmarketresearch.com/sulfur-fertilizers-market

South East Asia Organic Fertilizers Market : https://www.alliedmarketresearch.com/south-east-asia-organic-fertilizers-market-A07496

Automotive Oem Coatings Market : https://www.alliedmarketresearch.com/automotive-oem-coatings-market

Automotive Aftermarket Fuel Additives Market : https://www.alliedmarketresearch.com/automotive-aftermarket-fuel-additives-market-A12632

David Correa
Allied Market Research
+ + 1 800-792-5285
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.