Product Code: ETC234536 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Ghana Formaldehyde Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 5.91% in 2025 and reaches 12.12% by 2029.
By 2027, Ghana's Formaldehyde market is forecasted to achieve a growing growth rate of 6.83%, with Egypt leading the Africa region, followed by South Africa, Ethiopia, Algeria and Nigeria.
Formaldehyde is a versatile chemical used in various industries such as construction, automotive, and healthcare for its preservative, disinfectant, and adhesive properties. In Ghana, the formaldehyde market is driven by industrial growth, infrastructure development, and demand for formaldehyde-based resins and adhesives in wood products, textiles, and building materials.
The Ghana formaldehyde market is experiencing growth propelled by the increasing demand for formaldehyde-based resins in wood products, construction materials, and industrial applications. Formaldehyde is widely used as a key raw material in the production of urea-formaldehyde (UF) resins, phenol-formaldehyde (PF) resins, and melamine-formaldehyde (MF) resins for adhesives, coatings, and laminates. Factors such as infrastructure development projects, furniture manufacturing, and the construction industry are driving the demand for formaldehyde in Ghana. Moreover, advancements in resin technology, environmental regulations, and sustainable sourcing practices are further fueling market growth in the country.
Challenges facing the formaldehyde market in Ghana include environmental regulations and health safety concerns related to formaldehyde emissions from industrial processes and building materials. Moreover, addressing alternative production methods and feedstock availability may pose challenges for formaldehyde manufacturers in meeting market demand while reducing environmental impact and health risks.
Recognizing the potential health and environmental risks associated with formaldehyde exposure, the government of Ghana has introduced policies to regulate the production, importation, and use of formaldehyde and formaldehyde-containing products. These policies include emission standards for formaldehyde emissions from wood products and building materials, labeling requirements for formaldehyde-containing products, and public education campaigns on the health effects of formaldehyde exposure and ways to minimize exposure risks.
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 Ghana Formaldehyde Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Formaldehyde Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Formaldehyde Market - Industry Life Cycle |
3.4 Ghana Formaldehyde Market - Porter's Five Forces |
3.5 Ghana Formaldehyde Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Ghana Formaldehyde Market Revenues & Volume Share, By Derivative, 2021 & 2031F |
3.7 Ghana Formaldehyde Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Ghana Formaldehyde Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Formaldehyde Market Trends |
6 Ghana Formaldehyde Market, By Types |
6.1 Ghana Formaldehyde Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Ghana Formaldehyde Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 Ghana Formaldehyde Market Revenues & Volume, By Resins, 2021-2031F |
6.1.4 Ghana Formaldehyde Market Revenues & Volume, By Fibers, 2021-2031F |
6.1.5 Ghana Formaldehyde Market Revenues & Volume, By Solvents, 2021-2031F |
6.1.6 Ghana Formaldehyde Market Revenues & Volume, By Plasticizers, 2021-2031F |
6.1.7 Ghana Formaldehyde Market Revenues & Volume, By Drying Agents, 2021-2031F |
6.1.8 Ghana Formaldehyde Market Revenues & Volume, By Other Chemical Intermediates, 2021-2031F |
6.2 Ghana Formaldehyde Market, By Derivative |
6.2.1 Overview and Analysis |
6.2.2 Ghana Formaldehyde Market Revenues & Volume, By Urea-formaldehyde Resin, 2021-2031F |
6.2.3 Ghana Formaldehyde Market Revenues & Volume, By Phenol Formaldehyde Resin, 2021-2031F |
6.2.4 Ghana Formaldehyde Market Revenues & Volume, By Polyoxymethylene, 2021-2031F |
6.2.5 Ghana Formaldehyde Market Revenues & Volume, By Melamine Formaldehyde Resin, 2021-2031F |
6.2.6 Ghana Formaldehyde Market Revenues & Volume, By Pentaerythritol, 2021-2031F |
6.2.7 Ghana Formaldehyde Market Revenues & Volume, By Methylene Diphenyl Diisocyanate, 2021-2031F |
6.2.8 Ghana Formaldehyde Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Ghana Formaldehyde Market Revenues & Volume, By Others, 2021-2031F |
6.3 Ghana Formaldehyde Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Ghana Formaldehyde Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.3 Ghana Formaldehyde Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.4 Ghana Formaldehyde Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.5 Ghana Formaldehyde Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.6 Ghana Formaldehyde Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Ghana Formaldehyde Market Revenues & Volume, By Automotive, 2021-2031F |
7 Ghana Formaldehyde Market Import-Export Trade Statistics |
7.1 Ghana Formaldehyde Market Export to Major Countries |
7.2 Ghana Formaldehyde Market Imports from Major Countries |
8 Ghana Formaldehyde Market Key Performance Indicators |
9 Ghana Formaldehyde Market - Opportunity Assessment |
9.1 Ghana Formaldehyde Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Ghana Formaldehyde Market Opportunity Assessment, By Derivative, 2021 & 2031F |
9.3 Ghana Formaldehyde Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Ghana Formaldehyde Market - Competitive Landscape |
10.1 Ghana Formaldehyde Market Revenue Share, By Companies, 2024 |
10.2 Ghana Formaldehyde Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |