Formalin Market Trend, Demand, Share, Size, Industry Growth Forecast to 2030

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 …

Formalin Market to Hit $11.7 Bn By 2030

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 …