my country’s formaldehyde preparation technology is basically mature and output is gradually increasing

Formaldehyde, also known as formic aldehyde, is a colorless gas with a pungent odor. It is easily soluble in water and ethanol and has an irritating effect on the nose, eyes and other organs of the human body. As an important chemical raw material, formaldehyde has a wide range of applications and can be used to produce formaldehyde resin, phenolic resin, MDI, polyformaldehyde, butylene glycol, methenamine, urea-formaldehyde resin, pentaerythritol and other products.

From the perspective of market segments, urea-formaldehyde resin has become the largest market segment for formaldehyde, accounting for the largest share of the overall market, accounting for 54.6%; followed by MDI, with a market share of 11.3%; ranking third is formaldehyde resin, The market share is 9.1%.

At present, the preparation technology of formaldehyde in my country has gradually matured and can be roughly divided into dimethyl ether oxidation method, natural gas oxidation method, methanol oxidation method, methanol dehydrogenation method, etc. Among them, the methanol oxidation method has become the mainstream process for producing formaldehyde, accounting for 88.7% of the overall formaldehyde market.

At this stage, my country’s formaldehyde industry chain has been basically completed. The upstream of the industrial chain is mainly the raw material industry, providing relevant catalysts, methanol and other raw materials; the midstream is mainly the formaldehyde production industry, responsible for the production and manufacturing of formaldehyde; the downstream is mainly oriented to application fields, mainly used in medicine, disinfectants, wood processing, dyes , water treatment agents, pesticides, coatings, etc.

According to the “2023 China Formaldehyde Industry Market Survey Research Report” released by the Industrial Research Center, urea-formaldehyde resin, as one of the formaldehyde products, Widely used in the wood processing market. As my country’s economic level gradually improves, urbanization process gradually accelerates, residents’ quality of life gradually improves, and they have higher requirements for the home environment. As important tools for creating a home environment, the market demand for furniture and home decoration is gradually growing, which indirectly drives the development of the wood processing industry. Against this background, the output value of my country’s wood processing industry has gradually expanded. In 2022, the output value of my country’s wood processing industry will be 315.34 billion yuan, a year-on-year increase of 7.5%. Urea-formaldehyde resin is an important part of the wood processing market, and its market is gradually growing. As the main raw material for the production of urea-formaldehyde resin, formaldehyde’s market demand continues to increase, which promotes the gradual increase in formaldehyde production. In 2022, my country’s formaldehyde output was 9.2896 million tons, a year-on-year increase of 6.7%.

Industry analysts said that my country has a large number of formaldehyde production companies and the market competition is fierce. The major formaldehyde companies in my country include Jintaida Chemical, Jiangtian Chemical, Shanmu New Materials, Xin’an Chemical, Li Changrong High Materials, etc. In addition, there are many small and medium-sized enterprises in my country’s formaldehyde market. These enterprises have small industrial scale, relatively backward production technology, and weak market competitiveness. As my country’s environmental protection requirements gradually become stricter, small companies without technical advantages will gradually be eliminated by the market, and the formaldehyde market concentration will continue to increase in the future.