Formaldehyde added just Rs 1/kg this week, but the broader near-term rise remains visible across every longer comparison point. The market finished at Rs 29/kg on March 20 versus Rs 28/kg on March 13, and recent daily readings show a much calmer tone than the climb seen earlier in March. Indian Formaldehyde prices are therefore still firm, even though the latest weekly movement was modest rather than dramatic.
The fortnight increase stands at Rs 6/kg from Rs 23/kg on March 6, while the month view shows a rise of Rs 7.5/kg from Rs 21.5/kg on February 18. On a three-month comparison, the product is also Rs 6/kg higher than the December 20 level, and the six-month comparison remains Rs 7.5/kg above September 20. The latest value is sitting near the recent high around Rs 29/kg, while the broader one-year low sits near Rs 17.5/kg. Indian Formaldehyde prices have stayed near the top of the observed domestic range, and Formaldehyde prices in India remain well above older monthly and quarterly baselines.
The one-year comparison is also higher by Rs 6/kg from Rs 23/kg on March 20, 2025. Trading stayed steady through the latest sessions, with no visible widening in short-term swings. For procurement teams, that means a firm market level paired with relatively clear day-to-day price visibility, Formaldehyde, Formaldehyde Market, Market Update, High Levels, Chemical Industry, Petrochemicals.
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Formaldehyde prices rose slightly this week to Rs 28.5/kg, maintaining a steady tone in the domestic market. The product has shown gradual improvement, with prices now positioned near recent highs. Indian Formaldehyde prices reflect this controlled upward trend.
Over a three-month comparison, prices have moved up from around Rs 27/kg, indicating a stable progression. The market has remained within a narrow band, with limited fluctuations. Indian Formaldehyde prices continue to hold near the upper side of this range, while Formaldehyde prices in India show consistent and predictable movement.
On a month view, the market appears to have stabilised after incremental gains. Trading behaviour remains calm, with small adjustments and no significant volatility, Formaldehyde, Formaldehyde Market, Market Update, Price Strength, Chemical Industry, Petrochemicals.
Read the full verified update on IndianPetrochem.com.
Formaldehyde has moved higher again in Mumbai, ending the latest domestic assessment at Rs 29/kg. That places the market Rs 4/kg above the previous week and Rs 7/kg above the fortnight-ago level, keeping the short-term tone firm. Indian Formaldehyde prices are now near the highest point recorded in the recent trading window.
The month view adds to the same picture, with a Rs 7.5/kg rise from Rs 21.5/kg. Over three months, the market is higher by Rs 6/kg from Rs 23/kg, while the six-month comparison shows a gain of Rs 7.5/kg from Rs 21.5/kg. Recent domestic trade has run between about Rs 21/kg and Rs 29/kg, putting the latest number right at the upper side of the visible range. Indian Formaldehyde prices have therefore shifted away from the lower end seen in February, and Formaldehyde prices in India now present a firmer benchmark for weekly and monthly comparison.
The latest data matters because it captures both the pace and the shape of the move. Gains have accumulated across multiple time anchors without large reversals, giving traders, procurement teams, and analysts a clean view of where current negotiations sit against recent history in the domestic market, Formaldehyde, Formaldehyde Market, Formaldehyde Prices, Chemical Market, Petrochemicals, Recent Highs.
Read the full verified update on IndianPetrochem.com.
Formaldehyde market pauses after recent monthly gains
Formaldehyde continues to trade steadily in the Indian domestic market after recording gains earlier in the month. Indian Formaldehyde prices were assessed at Rs 95/kg this week, unchanged from the previous week, reflecting a clear slowdown in price momentum. The fortnight comparison also shows no net movement, indicating that recent increases have stabilised rather than reversed.
Looking at the monthly picture, prices are higher than levels seen at the beginning of the period, when values were nearer the mid-80s. This places current assessments near the recent high around Rs 95/kg, a level that has capped movement in recent sessions. Over a three-month view, trading has covered a broader span, with the lower end near Rs 74/kg and the upper end aligning with present prices. Indian Formaldehyde prices have shown reduced volatility in recent weeks, with movements narrowing after earlier fluctuations.
On a year-on-year basis, Formaldehyde prices in India are higher, providing longer-term context to the current steady phase. Support remains visible around Rs 74/kg, while resistance is near Rs 95/kg, reinforcing a well-defined trading structure.
For procurement teams, this environment supports routine planning, with pricing signals remaining clear and predictable following the earlier rise, Formaldehyde Market, Formaldehyde Prices, Chemical Market, Price Pause, Monthly Gains, Market Update, Industrial Chemicals, Supply Demand, Commodity Trends, Petrochemical News.
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Formaldehyde Market to Witness Robust Expansion by 2028
Stratview Research has published a new report on the Formaldehyde Market after a thorough analysis of the market. The key sources of information gathered for the report include various industry experts, suppliers, manufacturers, associations along with business distributions. The research report determines unique benefits of the various market size, share and the patent industry.
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Formaldehyde market size is projected to grow at 5.0% CAGR. The report provides critical insights and covid-19 impact analysis on market siz
The objective of the Formaldehyde Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Formaldehyde Market.
Market Insights – The Formaldehyde Marketis projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Formaldehyde Market are-
Bayer AG
Balaji Formalin Private Limited
BASF SE
Celanese Corporation
Chemique Adhesives & Sealants Ltd
Dynea Oy
Georgia-Pacific Chemicals, LLC
Hexion Inc.
Huntsman Corporation
Perstorp Holding AB
Growth drivers and Market Value:
This report, from Stratview Research, studies the Formaldehyde Market value and growth drivers over the trend period of 2022-27. According to the report -
Formaldehyde market is likely to witness a healthy CAGR of 5% during the forecast period. The shift towards the high-performance additives and the rising demand for adhesives & coatings used in furniture, textile, automotive, and construction industries are likely to drive the market in the coming years.
Segment Analysis:
Based on Application Type:
Based on the end-use application type, the formaldehyde market is segmented into resins, textile, plasticizers, paints, elastic fibers, synthetic lubricants, polyurethane foams, vulcanized accelerators, household/electronic appliances, and pesticides. The paints & coating application of formaldehyde derivatives is likely to have good growth opportunities in the future as these derivatives offer several advantages, such as superior functionality and versatility and have excellent chemical properties.
Based on Region:
In terms of regions, North America was the largest formaldehyde market in 2021 and is likely to remain so during the forecast period as well. Also, the growth in the wood furniture market in North America to provide growth opportunities for the formaldehyde manufacturers.
Know more about the report, click here
Formaldehyde market size is projected to grow at 5.0% CAGR. The report provides critical insights and covid-19 impact analysis on market siz
Critical Questions Answered in the Report
What are the key trends in the global Formaldehyde Market?
How the Formaldehyde Market (and its various sub-segments) has grown in the last five years?
What would be the growth driver and growth rate in next five years?
What is the impact of COVID-19 on the Formaldehyde Market?
What are the key strategies adopted by the major vendors to lead in the Formaldehyde Market?
What is the market share of the key players?
Target Audience
The following is a list of the customers that the Formaldehyde Market aims to convert the most:
Manufacturing Organizations
Distributors & Suppliers
Potential Investors
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, or to cover analysis on any particular geography or segment, please send your inquiry at [email protected] or +1-313-307-4176.
What we do –Stratview Research is a growing market research firm. Experts here illustrate innovative, descriptive, and comprehensive insights through market research to satisfy your individual and organizational objectives. We assist the users to make well-informed, profound and favourable decisions to comprehend the advantages of forthcoming trends, developments, assessments, and opportunities through our precise understanding of the market.
Formaldehyde Market 2022 Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2027
Stratview Research delivers key insights on the global Formaldehyde Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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Formaldehyde market size is projected to grow at 5.0% CAGR. The report provides critical insights and covid-19 impact analysis on market siz
The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Formaldehyde Market:
Bayer AG
Balaji Formalin Private Limited
BASF SE
Celanese Corporation
Chemique Adhesives & Sealants Ltd
Dynea Oy
Georgia-Pacific Chemicals, LLC
Hexion Inc.
Huntsman Corporation
Perstorp Holding AB
Growth drivers and Market Value:
This report, from Stratview Research, studies the Formaldehyde Market value and growth drivers over the trend period of 2022-27. According to the report -
Formaldehyde market is likely to witness a healthy CAGR of 5% during the forecast period. The shift towards the high-performance additives and the rising demand for adhesives & coatings used in furniture, textile, automotive, and construction industries are likely to drive the market in the coming years.
Segment Analysis:
Based on Application Type:
Based on the end-use application type, the formaldehyde market is segmented into resins, textile, plasticizers, paints, elastic fibers, synthetic lubricants, polyurethane foams, vulcanized accelerators, household/electronic appliances, and pesticides. The paints & coating application of formaldehyde derivatives is likely to have good growth opportunities in the future as these derivatives offer several advantages, such as superior functionality and versatility and have excellent chemical properties.
Based on Region:
In terms of regions, North America was the largest formaldehyde market in 2021 and is likely to remain so during the forecast period as well. Also, the growth in the wood furniture market in North America to provide growth opportunities for the formaldehyde manufacturers.
Know more about the report, click here
Formaldehyde market size is projected to grow at 5.0% CAGR. The report provides critical insights and covid-19 impact analysis on market siz
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
What is the global demand for Formaldehyde Market in terms of revenue?
Which are the prominent players in the market?
At what CAGR is the market projected to grow within the forecast period?
What are the driving factors fuelling the growth of the market?
Which region accounted for the largest share in the market?
How did the Covid19 impacted the market?
How long will it take to recover from the Covid impact?
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Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.
