| Product Code: ETC12209349 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, China continued to see a high concentration of formalin import shipments, with top exporting countries being the USA, Germany, India, China, and Switzerland. Despite a strong compound annual growth rate (CAGR) of 23.99% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -13.02%. The high Herfindahl-Hirschman Index (HHI) indicates a heavily concentrated market, suggesting that these top exporting countries play a significant role in China formalin import trade dynamics.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Formalin Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Formalin Market Revenues & Volume, 2021 & 2031F |
3.3 China Formalin Market - Industry Life Cycle |
3.4 China Formalin Market - Porter's Five Forces |
3.5 China Formalin Market Revenues & Volume Share, By Formalin Type, 2021 & 2031F |
3.6 China Formalin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 China Formalin Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 China Formalin Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.9 China Formalin Market Revenues & Volume Share, By Concentration, 2021 & 2031F |
4 China Formalin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for formalin in various industries such as healthcare, agriculture, and manufacturing. |
4.2.2 Growth in the construction sector leading to higher demand for formalin-based products like adhesives and coatings. |
4.2.3 Shift towards eco-friendly and sustainable products driving the market for formalin substitutes. |
4.3 Market Restraints |
4.3.1 Stringent government regulations regarding formaldehyde emissions and its potential health hazards. |
4.3.2 Fluctuating prices of raw materials impacting the production cost of formalin. |
4.3.3 Competition from alternative chemicals and technologies posing a threat to the formalin market. |
5 China Formalin Market Trends |
6 China Formalin Market, By Types |
6.1 China Formalin Market, By Formalin Type |
6.1.1 Overview and Analysis |
6.1.2 China Formalin Market Revenues & Volume, By Formalin Type, 2021 - 2031F |
6.1.3 China Formalin Market Revenues & Volume, By Liquid Formalin, 2021 - 2031F |
6.1.4 China Formalin Market Revenues & Volume, By Powdered Formalin, 2021 - 2031F |
6.1.5 China Formalin Market Revenues & Volume, By Solution Formalin, 2021 - 2031F |
6.1.6 China Formalin Market Revenues & Volume, By Solid Formalin, 2021 - 2031F |
6.2 China Formalin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 China Formalin Market Revenues & Volume, By Industrial Use, 2021 - 2031F |
6.2.3 China Formalin Market Revenues & Volume, By Laboratory Use, 2021 - 2031F |
6.2.4 China Formalin Market Revenues & Volume, By Chemical Synthesis, 2021 - 2031F |
6.2.5 China Formalin Market Revenues & Volume, By Research, 2021 - 2031F |
6.3 China Formalin Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 China Formalin Market Revenues & Volume, By Textile Industry, 2021 - 2031F |
6.3.3 China Formalin Market Revenues & Volume, By Medical Facilities, 2021 - 2031F |
6.3.4 China Formalin Market Revenues & Volume, By Paint & Coatings, 2021 - 2031F |
6.3.5 China Formalin Market Revenues & Volume, By Laboratories, 2021 - 2031F |
6.4 China Formalin Market, By Packaging Type |
6.4.1 Overview and Analysis |
6.4.2 China Formalin Market Revenues & Volume, By Drum, 2021 - 2031F |
6.4.3 China Formalin Market Revenues & Volume, By Bag, 2021 - 2031F |
6.4.4 China Formalin Market Revenues & Volume, By Canister, 2021 - 2031F |
6.4.5 China Formalin Market Revenues & Volume, By Sachets, 2021 - 2031F |
6.5 China Formalin Market, By Concentration |
6.5.1 Overview and Analysis |
6.5.2 China Formalin Market Revenues & Volume, By 0.37, 2021 - 2031F |
6.5.3 China Formalin Market Revenues & Volume, By 0.4, 2021 - 2031F |
6.5.4 China Formalin Market Revenues & Volume, By 0.37, 2021 - 2031F |
6.5.5 China Formalin Market Revenues & Volume, By 0.35, 2021 - 2031F |
7 China Formalin Market Import-Export Trade Statistics |
7.1 China Formalin Market Export to Major Countries |
7.2 China Formalin Market Imports from Major Countries |
8 China Formalin Market Key Performance Indicators |
8.1 Adoption rate of formalin substitutes in key industries. |
8.2 Investment in research and development for formalin production process improvement. |
8.3 Number of new applications utilizing formalin-based products. |
9 China Formalin Market - Opportunity Assessment |
9.1 China Formalin Market Opportunity Assessment, By Formalin Type, 2021 & 2031F |
9.2 China Formalin Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 China Formalin Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 China Formalin Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.5 China Formalin Market Opportunity Assessment, By Concentration, 2021 & 2031F |
10 China Formalin Market - Competitive Landscape |
10.1 China Formalin Market Revenue Share, By Companies, 2024 |
10.2 China Formalin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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