Scienza e Tecnologia
Formaldehyde Market to Reach Value of US$ 15 Bn by 2031, Notes TMR Study
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Based on volume, in 2020, the Asia Pacific accounted for a major chunk of the global formaldehyde market. This is explained by the region's steadily growing automobile and building and construction industries. Additionally, the regional building and construction industry is projected to be driven by rising consumer disposable income, middle-class growth, and rapid population growth. In consequence, this is estimated to increase formaldehyde demand in the Asia Pacific region.
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