Product Code: ETC5043970 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The New Zealand Formaldehyde Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to -3.42% in 2026, following an initial rate of -3.89%, before easing to -9.14% at the end of the period.
By 2027, New Zealand's Formaldehyde market is forecasted to achieve a negative growth rate of -3.68%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
Formaldehyde, a key chemical used in various industries including construction, healthcare, and manufacturing, has a notable market presence in New Zealand. Despite concerns regarding its toxicity, formaldehyde continues to be in demand for applications such as adhesives, resins, and disinfectants. The market is influenced by regulatory measures aimed at controlling formaldehyde emissions and promoting safer alternatives.
The New Zealand formaldehyde market is primarily driven by its widespread use in various industries such as chemicals, plastics, and construction. Formaldehyde is a key raw material in the production of resins, adhesives, and coatings, and its demand is closely tied to the performance of these downstream industries.
The formaldehyde market encounters challenges concerning health and environmental risks associated with formaldehyde exposure. Developing safer alternatives and implementing stringent regulations to limit formaldehyde emissions are imperative in addressing these challenges.
In the formaldehyde market, the New Zealand government regulates the production, use, and disposal of formaldehyde-containing products to protect human health and the environment. Strict controls are in place to minimize exposure to formaldehyde emissions from building materials, furniture, and consumer goods. Companies are required to adhere to safety standards and implement measures to mitigate risks associated with formaldehyde exposure.
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 New Zealand Formaldehyde Market Overview |
3.1 New Zealand Country Macro Economic Indicators |
3.2 New Zealand Formaldehyde Market Revenues & Volume, 2021 & 2031F |
3.3 New Zealand Formaldehyde Market - Industry Life Cycle |
3.4 New Zealand Formaldehyde Market - Porter's Five Forces |
3.5 New Zealand Formaldehyde Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 New Zealand Formaldehyde Market Revenues & Volume Share, By Derivative, 2021 & 2031F |
3.7 New Zealand Formaldehyde Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 New Zealand Formaldehyde Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for formaldehyde-based resins in the wood industry for manufacturing furniture and construction materials. |
4.2.2 Growth in the automotive sector leading to higher demand for formaldehyde in the production of automotive components. |
4.2.3 Rising construction activities and infrastructure development projects driving the demand for formaldehyde-based products in New Zealand. |
4.3 Market Restraints |
4.3.1 Stringent regulations and environmental concerns regarding the toxicity and emissions of formaldehyde. |
4.3.2 Fluctuating raw material prices impacting the overall production cost of formaldehyde-based products. |
4.3.3 Competition from alternative materials and technologies that are perceived as more environmentally friendly. |
5 New Zealand Formaldehyde Market Trends |
6 New Zealand Formaldehyde Market Segmentations |
6.1 New Zealand Formaldehyde Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 New Zealand Formaldehyde Market Revenues & Volume, By Resins, 2021-2031F |
6.1.3 New Zealand Formaldehyde Market Revenues & Volume, By Fibers, 2021-2031F |
6.1.4 New Zealand Formaldehyde Market Revenues & Volume, By Solvents, 2021-2031F |
6.1.5 New Zealand Formaldehyde Market Revenues & Volume, By Plasticizers, 2021-2031F |
6.1.6 New Zealand Formaldehyde Market Revenues & Volume, By Drying Agents, 2021-2031F |
6.1.7 New Zealand Formaldehyde Market Revenues & Volume, By Other Chemical Intermediates, 2021-2031F |
6.2 New Zealand Formaldehyde Market, By Derivative |
6.2.1 Overview and Analysis |
6.2.2 New Zealand Formaldehyde Market Revenues & Volume, By Urea-formaldehyde Resin, 2021-2031F |
6.2.3 New Zealand Formaldehyde Market Revenues & Volume, By Phenol Formaldehyde Resin, 2021-2031F |
6.2.4 New Zealand Formaldehyde Market Revenues & Volume, By Polyoxymethylene, 2021-2031F |
6.2.5 New Zealand Formaldehyde Market Revenues & Volume, By Melamine Formaldehyde Resin, 2021-2031F |
6.2.6 New Zealand Formaldehyde Market Revenues & Volume, By Pentaerythritol, 2021-2031F |
6.2.7 New Zealand Formaldehyde Market Revenues & Volume, By Methylene Diphenyl Diisocyanate, 2021-2031F |
6.2.8 New Zealand Formaldehyde Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 New Zealand Formaldehyde Market Revenues & Volume, By Others, 2021-2031F |
6.3 New Zealand Formaldehyde Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 New Zealand Formaldehyde Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.3 New Zealand Formaldehyde Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.4 New Zealand Formaldehyde Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.5 New Zealand Formaldehyde Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.6 New Zealand Formaldehyde Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 New Zealand Formaldehyde Market Revenues & Volume, By Automotive, 2021-2031F |
7 New Zealand Formaldehyde Market Import-Export Trade Statistics |
7.1 New Zealand Formaldehyde Market Export to Major Countries |
7.2 New Zealand Formaldehyde Market Imports from Major Countries |
8 New Zealand Formaldehyde Market Key Performance Indicators |
8.1 Average selling price of formaldehyde in the New Zealand market. |
8.2 Adoption rate of formaldehyde-free technologies in key industries. |
8.3 Investment in research and development for sustainable formaldehyde manufacturing processes. |
8.4 Percentage of formaldehyde imports substituted by domestic production. |
8.5 Number of regulatory compliance violations related to formaldehyde emissions. |
9 New Zealand Formaldehyde Market - Opportunity Assessment |
9.1 New Zealand Formaldehyde Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 New Zealand Formaldehyde Market Opportunity Assessment, By Derivative, 2021 & 2031F |
9.3 New Zealand Formaldehyde Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 New Zealand Formaldehyde Market - Competitive Landscape |
10.1 New Zealand Formaldehyde Market Revenue Share, By Companies, 2024 |
10.2 New Zealand Formaldehyde Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |