Product Code: ETC234514 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Myanmar Formaldehyde Market is projected to witness mixed growth rate patterns during 2025 to 2029. Although the growth rate starts strong at 10.10% in 2025, it steadily loses momentum, ending at -12.13% by 2029.
Myanmar's Formaldehyde market is anticipated to experience a negative growth rate of -11.43% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The Myanmar Formaldehyde Market supplies formaldehyde, a chemical used in manufacturing resins, plastics, and other products. This market is essential for various industrial applications, including construction and automotive industries.
The growth of the construction and furniture industries in Myanmar is driving the demand for formaldehyde-based resins. With the need for adhesive binders in wood products, particleboard, and plywood manufacturing, there is a growing adoption of formaldehyde-based resins such as urea-formaldehyde (UF) and phenol-formaldehyde (PF), stimulating market growth.
In the Myanmar Formaldehyde Market, challenges revolve around environmental regulations and health concerns. As formaldehyde finds applications in various industries such as textiles, wood products, and resins, concerns regarding its toxicity and environmental impact drive regulatory scrutiny and restrictions. Moreover, ensuring compliance with safety standards and emission regulations poses challenges for manufacturers. Additionally, consumer awareness and demand for formaldehyde-free products influence market dynamics, requiring innovation and product differentiation strategies.
In alignment with environmental protection goals and public health concerns, the government of Myanmar has implemented policies to regulate the formaldehyde market. These policies include emissions standards for industrial processes, regulations for formaldehyde-containing products, and enforcement measures to mitigate environmental pollution and health risks associated with formaldehyde exposure, promoting sustainable production and usage practices.
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 Myanmar Formaldehyde Market Overview |
3.1 Myanmar Country Macro Economic Indicators |
3.2 Myanmar Formaldehyde Market Revenues & Volume, 2021 & 2031F |
3.3 Myanmar Formaldehyde Market - Industry Life Cycle |
3.4 Myanmar Formaldehyde Market - Porter's Five Forces |
3.5 Myanmar Formaldehyde Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Myanmar Formaldehyde Market Revenues & Volume Share, By Derivative, 2021 & 2031F |
3.7 Myanmar Formaldehyde Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Myanmar Formaldehyde Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the construction industry in Myanmar |
4.2.2 Increasing use of formaldehyde in the manufacturing of wood products |
4.2.3 Rising adoption of formaldehyde in the automotive sector for component manufacturing |
4.3 Market Restraints |
4.3.1 Stringent regulations on formaldehyde emissions and usage in Myanmar |
4.3.2 Fluctuating raw material prices impacting the production cost of formaldehyde |
4.3.3 Competition from alternative products and technologies in the market |
5 Myanmar Formaldehyde Market Trends |
6 Myanmar Formaldehyde Market, By Types |
6.1 Myanmar Formaldehyde Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Myanmar Formaldehyde Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 Myanmar Formaldehyde Market Revenues & Volume, By Resins, 2021-2031F |
6.1.4 Myanmar Formaldehyde Market Revenues & Volume, By Fibers, 2021-2031F |
6.1.5 Myanmar Formaldehyde Market Revenues & Volume, By Solvents, 2021-2031F |
6.1.6 Myanmar Formaldehyde Market Revenues & Volume, By Plasticizers, 2021-2031F |
6.1.7 Myanmar Formaldehyde Market Revenues & Volume, By Drying Agents, 2021-2031F |
6.1.8 Myanmar Formaldehyde Market Revenues & Volume, By Other Chemical Intermediates, 2021-2031F |
6.2 Myanmar Formaldehyde Market, By Derivative |
6.2.1 Overview and Analysis |
6.2.2 Myanmar Formaldehyde Market Revenues & Volume, By Urea-formaldehyde Resin, 2021-2031F |
6.2.3 Myanmar Formaldehyde Market Revenues & Volume, By Phenol Formaldehyde Resin, 2021-2031F |
6.2.4 Myanmar Formaldehyde Market Revenues & Volume, By Polyoxymethylene, 2021-2031F |
6.2.5 Myanmar Formaldehyde Market Revenues & Volume, By Melamine Formaldehyde Resin, 2021-2031F |
6.2.6 Myanmar Formaldehyde Market Revenues & Volume, By Pentaerythritol, 2021-2031F |
6.2.7 Myanmar Formaldehyde Market Revenues & Volume, By Methylene Diphenyl Diisocyanate, 2021-2031F |
6.2.8 Myanmar Formaldehyde Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Myanmar Formaldehyde Market Revenues & Volume, By Others, 2021-2031F |
6.3 Myanmar Formaldehyde Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Myanmar Formaldehyde Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.3 Myanmar Formaldehyde Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.4 Myanmar Formaldehyde Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.5 Myanmar Formaldehyde Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.6 Myanmar Formaldehyde Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Myanmar Formaldehyde Market Revenues & Volume, By Automotive, 2021-2031F |
7 Myanmar Formaldehyde Market Import-Export Trade Statistics |
7.1 Myanmar Formaldehyde Market Export to Major Countries |
7.2 Myanmar Formaldehyde Market Imports from Major Countries |
8 Myanmar Formaldehyde Market Key Performance Indicators |
8.1 Percentage increase in construction permits issued in Myanmar |
8.2 Number of new wood product manufacturing facilities established in the country |
8.3 Amount of formaldehyde consumption by the automotive sector in Myanmar |
9 Myanmar Formaldehyde Market - Opportunity Assessment |
9.1 Myanmar Formaldehyde Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Myanmar Formaldehyde Market Opportunity Assessment, By Derivative, 2021 & 2031F |
9.3 Myanmar Formaldehyde Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Myanmar Formaldehyde Market - Competitive Landscape |
10.1 Myanmar Formaldehyde Market Revenue Share, By Companies, 2024 |
10.2 Myanmar Formaldehyde Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |