Buy Now
Book a Demo

Formaldehyde Price Trend and Forecast

UNSPC code: 12352501
|
⟳ Weekly Update
|
Historical Data Since 2015
|
Forecast for 2026

formaldehyde Price Trends by Country

beBelgium
cnChina
nlNetherlands
usUnited States
caCanada
clChile
frFrance
deGermany
inIndia
ngNigeria
gbUnited Kingdom

Global formaldehyde Spot Market Prices, Trend Analysis and Forecast

𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™’s most active coverage of Formaldehyde price assessment:

Asia-Pacific

  • Formaldehyde Industrial Grade 37% FOB Shanghai, China
  • Formaldehyde Industrial Grade 37% Ex-Kolkata, India


North America

  • Formaldehyde Industrial Grade 37% FOB Houston, USA
  • Formaldehyde Industrial Grade 37% CIF Montreal (USA), Canada


Europe

  • Formaldehyde Industrial Grade 37% FD Antwerp, Belgium
  • Formaldehyde Industrial Grade 37% FD Rotterdam, Netherlands
  • Formaldehyde Industrial Grade 37% FD Le Havre (Belgium), France
  • Formaldehyde Industrial Grade 37% FD Hamburg (Netherlands), Germany
  • Formaldehyde Industrial Grade 37% FD Immingham (Belgium), UK


South America

  • Formaldehyde Industrial Grade 37% CIF San Antonio (USA), Chile


Africa

  • Formaldehyde Industrial Grade 37% CIF Apapa (China), Nigeria


Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Formaldehyde Price Trend Q4 2025

In Q4 2025, the global Formaldehyde market experienced a broadly bearish trend, with price declines ranging between 2%-10% across regions. Weak downstream demand from construction, wood panels, resins, and automotive-related industries weighed on prices worldwide. Softer Methanol feedstock costs reduced production pressure but also limited price support. European markets faced continued demand contraction, while North American and African markets also recorded notable corrections amid cautious buying behaviour. Asian markets showed smaller declines due to balanced supply conditions. Overall, the market reflected subdued sentiment, ample availability, and conservative procurement strategies toward the end of the year.

Belgium: Domestically Traded Formaldehyde price in Belgium, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in Belgium declined by 5.21%, settling between USD 400–450/MT on an FD Antwerp basis. The downturn was driven by weaker demand from resins, construction materials, and automotive applications. Methanol feedstock costs softened during the quarter, reducing cost-side pressure but also limiting upward price momentum. Domestic producers maintained stable operating rates, leading to sufficient market availability. Logistics remained stable, but buyer sentiment weakened amid slowing industrial activity across Western Europe. As a result, market participants adopted cautious purchasing behaviour, contributing to the overall price decline.

China: Formaldehyde Export price from China, Industrial Grade 37%

In Q4 2025, Formaldehyde export prices from China declined by 2.04%, with FOB Shanghai values ranging between USD 100–200/MT. The decrease was attributed to subdued demand from adhesives, textiles, and wood-processing industries. Methanol supply remained stable, and production levels were largely unchanged, leading to sufficient availability. Export demand softened amid global economic uncertainty, limiting price support. Domestic buyers resisted higher offers, keeping negotiations tight. Although logistics conditions remained smooth, the combination of weak downstream demand and ample inventories resulted in continued downward pressure on Chinese formaldehyde pricing.

Netherlands: Domestically Traded Formaldehyde price in Netherlands, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in the Netherlands declined by 7.09%, trading between USD 300–350/MT on an FD Rotterdam basis. Demand from construction, coatings, and plastics sectors slowed significantly as year-end activity softened. Methanol feedstock prices eased, offering limited cost relief but failing to stimulate buying interest. Domestic producers maintained consistent output, contributing to comfortable inventory levels. Logistics and supply chains operated smoothly, but downstream buyers delayed procurement amid uncertain demand outlooks. The price correction reflected reduced consumption and cautious market sentiment across the Dutch industrial sector.

USA: Formaldehyde Export price from USA, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in the United States fell by 7.80%, with FOB Houston prices ranging between USD 400–450/MT. The decline was driven by weaker demand from engineered wood, furniture, and construction industries. Methanol costs declined modestly, easing production expenses but reinforcing downward price adjustments. Operating rates at domestic plants remained stable, leading to sufficient supply. Export demand softened toward the end of the year, while buyers reduced forward commitments. Overall, the U.S. formaldehyde market faced pronounced pressure from slowing downstream activity and conservative purchasing behaviour.

India: Domestically Traded Formaldehyde price in Kolkata, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in India declined by 2.37%, with Ex-Kolkata prices assessed between USD 250–350/MT. Demand from resins, laminates, and plywood industries softened slightly amid seasonal slowdown and cautious inventory management. Methanol feedstock availability remained stable, with marginal cost reductions observed during the quarter. Domestic production levels were sufficient to meet market requirements, preventing supply tightness. Currency fluctuations and competitive regional offers influenced buyer negotiations. Despite the decline, routine procurement continued, keeping the Indian formaldehyde market relatively balanced.

France: Domestically Traded Formaldehyde price in France, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in France declined by 4.58%, with FD Le Havre prices ranging between USD 450–500/MT. Demand from automotive, coatings, and wood-based panel industries weakened amid broader industrial slowdown. Methanol feedstock costs softened, contributing to reduced production costs but also pressuring selling prices. Supply conditions remained stable, with no major disruptions reported. Buyers adopted cautious purchasing strategies, delaying restocking. Logistics remained functional, but subdued consumption limited trading activity. The French market reflected broader European weakness, with prices adjusting lower to align with demand realities.

Germany: Domestically Traded Formaldehyde price in Germany, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in Germany declined by 6.23%, trading between USD 350–450/MT on an FD Hamburg basis. Weaker demand from furniture, construction, and resin manufacturing sectors weighed heavily on the market. Methanol input costs declined slightly, offering limited relief but reinforcing downward price revisions. Domestic producers continued operations at stable rates, resulting in ample availability. Buyers delayed bulk purchases, anticipating further corrections. Elevated energy costs and economic uncertainty further dampened sentiment. The German market remained under pressure, reflecting subdued industrial activity across the region.

UK: Domestically Traded Formaldehyde price in UK, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in the United Kingdom declined by 3.98%, with FD Immingham prices ranging between USD 550–600/MT. Demand from building materials and adhesives sectors softened as construction activity slowed toward year-end. Methanol feedstock costs eased slightly, reducing cost pressures on producers. Supply conditions remained adequate, and logistics issues seen earlier in the year improved. Buyers exercised caution in procurement, limiting spot transactions. Despite the decline, the UK market stayed functional, with prices supported by higher logistics and handling costs compared to continental Europe.

Nigeria: Formaldehyde Import price in Nigeria from China, Industrial Grade 37%

In Q4 2025, Formaldehyde import prices in Nigeria from China dropped sharply by 9.92%, with CIF Apapa prices assessed at around USD 250/MT. The decline was driven by weak demand from construction and packaging industries amid economic challenges. Import volumes remained available, but consumption slowed due to currency volatility and reduced purchasing power. Lower freight costs contributed to reduced landed prices, while buyers limited procurement frequency. Inventory levels increased slightly as offtake slowed. The Nigerian market reflected pronounced demand-side weakness, resulting in the steepest price correction among monitored regions.

Canada: Formaldehyde Import price in Canada from USA, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in Canada from USA declined by 6.51%, with CIF Montreal prices ranging between USD 450–550/MT. Demand from engineered wood, furniture, and construction sectors softened during the quarter. Imports from the United States remained consistent, leading to sufficient supply availability. Methanol feedstock trends remained stable, offering limited cost volatility. Buyers reduced procurement volumes amid cautious outlooks and year-end inventory adjustments. Logistics remained smooth, but weaker downstream consumption weighed on prices. Overall, the Canadian market experienced moderate correction aligned with broader North American trends.

Chile: Formaldehyde Import price in Chile from USA, Industrial Grade 37%

In Q4 2025, Formaldehyde prices in Chile from USA declined by 6.85%, with CIF San Antonio prices ranging between USD 450–550/MT. Demand from construction, packaging, and industrial applications weakened toward the end of the year. Imports from the United States remained regular, ensuring adequate supply. Methanol feedstock costs stayed stable, limiting cost-side volatility. Buyers adopted conservative purchasing strategies, reducing spot buying activity. Freight conditions remained manageable, but subdued consumption led to price corrections. The Chilean market reflected a cautious environment, with prices adjusting lower in line with regional demand trends.

Formaldehyde Price Trend Analysis: Q3 2025

In Q3 2025, the global Formaldehyde market displayed mixed trends, were within a moderate range of around 3% to 5%. Market dynamics were largely influenced by Methanol feedstock costs, regional demand variations, and logistical developments across major producing regions. European markets recorded steady growth driven by firm downstream consumption in the construction and resin sectors, while Asian and African regions experienced slight declines amid subdued industrial production and limited end-user demand.

Despite these regional variations, the overall market maintained relative stability as balanced supply-demand conditions, consistent feedstock availability, and changing regional economic performance collectively shaped market sentiment and guided price movements heading into the subsequent quarter, mirroring cautious optimism.

Belgium: Domestically Traded Formaldehyde price in Belgium, Industrial Grade 37%.

In Q3 2025, Formaldehyde prices in Belgium rose 3.17%, reaching USD 415–435/MT. The Formaldehyde price trend in Belgium mirrored steady gains supported by sustained demand from the resins, construction, and automotive sectors. Methanol feedstock availability remained stable, and local producers operated consistently with minimal supply interruptions. Smooth logistics and strong supply chain performance reinforced market stability.

Balanced inventories and firm downstream demand kept sentiment positive, while producers reported steady contract volumes and continued buyer interest throughout the quarter, highlighting a resilient pricing environment. In Q3 September 2025, Formaldehyde prices in Belgium showed softness early on but later stabilized as consistent domestic contracts offered support. Moderate trading activity and limited momentum kept prices fragile, reflecting overall market caution through the period.

China: Formaldehyde Export price from China, Industrial Grade 37%.

According to Price-Watch, in Q3 2025, Formaldehyde prices in China declined 2.89%, with FOB Shanghai prices between USD 150–155/MT. The Formaldehyde price trend in China reflected a weaker tone as lower demand from adhesives and textile sectors pressured market sentiment. Despite stable Methanol feedstock availability, domestic production exceeded consumption, resulting in mild oversupply conditions. Export interest remained limited owing to global trade uncertainties, while most producers maintained steady operations.

Downstream buyers resisted higher offers, supported by competitive regional pricing and adequate inventory levels, which together reinforced the subdued outlook across the market during the quarter. In Q3 September 2025, Formaldehyde prices in China held steady initially, supported by solid domestic demand despite weak global cues. After, steady consumption and firm local use prevented major declines, helping prices remain stable with mild fluctuations throughout the month.

Netherlands: Domestically Traded Formaldehyde price in Netherlands, Industrial Grade 37%.

Formaldehyde prices in the Netherlands increased by 4.46% in Q3 2025, staying between USD 335–355/MT. The Formaldehyde price trend in the Netherlands reflected an upward trajectory supported by strong demand from the construction and plastics sectors. Methanol input costs remained firm, while local producers operated well with stable production levels. Consistent logistics performance and resilient domestic demand across manufacturing applications contributed to a steady supply-demand balance.

Downstream buyers actively sourced material amid robust seasonal consumption, which supported firm pricing across both short-term contracts and spot market transactions across the quarter. In Q3 September 2025, Formaldehyde prices in the Netherlands weakened slightly under oversupply pressures and limited buying activity. Despite stable feedstock inputs, careful purchasing and subdued downstream performance kept pricing stable yet fragile through the month.

USA: Formaldehyde Export price from USA, Industrial Grade 37%.

In Q3 2025, Formaldehyde prices in the United States rose by 1.45%, with FOB Houston prices ranging from USD 455–470/MT. The Formaldehyde price trend in the USA mirrored steady growth supported by consistent demand from the engineered wood, furniture, and construction sectors. Methanol prices remained stable, ensuring balanced cost structures across the supply chain.

Domestic production facilities operated at regular rates, while market participants reported regular order volumes from both local and export buyers. Overall, the U.S. Formaldehyde market experienced minimal volatility and continued to follow a stable trajectory throughout the quarter.

In Q3 September 2025, Formaldehyde prices in the USA remained under slight downward pressure due to weak exports. Although monthly averages showed marginal improvement, restricted demand and reduced trade flows limited upward pricing momentum during the period.

India: Domestically Traded Formaldehyde price in Kolkata, Industrial Grade 37%.

Formaldehyde prices in India slipped 0.74% in Q3 2025, with Ex-Kolkata values between USD 310–335/MT. The Formaldehyde price trend in India reflected mild softness driven by competitive regional offers and adequate domestic availability. Demand from resins, laminates, and adhesives sectors remained stable but lacked strong upward momentum.

Methanol costs were steady, and supply chains functioned smoothly with minimal disruptions. Currency fluctuations contributed to slight pricing variations, while buyers maintained cautious yet consistent procurement practices, helping keep market balance and stability throughout the quarter.

According to Price-Watch, in Q3 September 2025, Formaldehyde prices in India edged higher, supported by improved weekly sentiment and steady domestic consumption. Balanced supplies, active procurement, and cautious seller behaviour kept pricing stable with moderate firmness observed throughout the month.

France: Domestically Traded Formaldehyde price in France, Industrial Grade 37%.

In Q3 2025, Formaldehyde prices in France rose 3.64%, with FD Le Havre rates between USD 475–495/MT. The Formaldehyde price trend in France indicated a strong upward movement supported by robust demand from the automotive, coatings, and wood-based panel sectors. Supply conditions remained stable with no major production disruptions, and Methanol availability was able to support consistent output.

Domestic consumption held strong, while manufacturers maintained regular delivery schedules to meet steady buyer demand. The market remained well-supported, underpinned by active downstream industries and firm raw material fundamentals throughout the quarter.

In Q3 September 2025, Formaldehyde prices in France recorded light movement, showing soft weekly gains amid muted trading. Stable supply and cautious market sentiment maintained balanced conditions, restricting sharp upward or downward price variations during the period.

Germany: Domestically Traded Formaldehyde price in Germany, Industrial Grade 37%.

Formaldehyde prices in Germany increased 3.91% during Q3 2025, ranging from USD 370–390/MT. The Formaldehyde price trend in Germany mirrored a steady upward trajectory supported by strong consumption across the furniture, construction, and resin manufacturing sectors.

Feedstock Methanol costs and supply remained stable, allowing producers to maintain smooth operations and deliveries. Market demand held firm both domestically and across nearby European regions.

Germany’s well-established industrial base continued to drive consistent formaldehyde usage, reinforcing the sustained growth in market sentiment through the quarter. In Q3 September 2025, Formaldehyde prices in the Germany softened slightly as lower freight costs and subdued trade reduced support. Quiet downstream activity led to restrained transactions, maintaining weak but steady price levels across the month.

UK: Domestically Traded Formaldehyde price in UK, Industrial Grade 37%.

In Q3 2025, Formaldehyde prices in the United Kingdom rose 3.75%, with FD Immingham prices between USD 565–595/MT. The Formaldehyde price trend in the United Kingdom reflected a firm upward trajectory driven by steady demand from the building materials and adhesives sectors.

Slight supply tightness emerged due to logistical delays and port congestion, which contributed to the overall strengthening of market sentiment. Methanol feedstock costs remained stable, supporting consistent pricing.

Buyers maintained normal procurement activity, and overall market conditions stayed positive, bolstered by healthy industrial performance and balanced supply-side adjustments throughout the quarter.

In Q3 September 2025, Formaldehyde prices in the United Kingdom increased modestly as slight weekly increases and stable industrial demand lent support. Cautious seller sentiment and controlled supply conditions helped sustain a mild upward trend through the month.

Nigeria: Formaldehyde Import price in Nigeria from China, Industrial Grade 37%.

Formaldehyde prices in Nigeria fell 3.27% in Q3 2025, supported by decreased freights, with CIF Apapa values between USD 220–235/MT. The Formaldehyde price trend in Nigeria indicated a weaker tone driven by declining industrial demand, like in the construction and packaging sectors.

Although import volumes stayed steady, overall consumption was sluggish amid economic challenges and exchange rate volatility. Buyers adopted cautious procurement behaviour, leading to slightly elevated inventory levels.

Freight costs and occasional import delays influenced landed pricing, while the broader industrial slowdown continued to weigh on market sentiment throughout the quarter. In Q3 September 2025, Formaldehyde prices in Nigeria declined sharply following reduced freight costs and weaker demand. Limited industrial consumption and softened regional buying contributed to sustained downward price movement across the month.

Canada: Formaldehyde Import price in Canada from USA, Industrial Grade 37%.

In Q3 2025, Formaldehyde prices in Canada rose 1.91%, supported by increased freights, with CIF Montreal prices ranging from USD 520–535/MT. The Formaldehyde price trend in Canada displayed moderate strength backed by steady demand from the engineered wood, furniture, and construction sectors. Imports from the U.S. arrived smoothly, ensuring reliable market supply, while domestic consumption remained stable. Methanol costs showed little variation, helping maintain balanced production economics.

Manufacturers recorded steady order cycles from downstream buyers, and overall trade flows remained efficient, underscoring healthy industrial momentum throughout the quarter. In Q3 September 2025, Formaldehyde prices in Canada declined gradually, pressured by softer U.S. market trends. Consistent imports and careful domestic buying limited upward movement, keeping prices moderate and sentiment subdued throughout the period.

Chile: Formaldehyde Import price in Chile from USA, Industrial Grade 37%.

Formaldehyde prices in Chile increased 1.13% during Q3 2025, supported by stable increased freights, with CIF San Antonio prices ranging from USD 500–510/MT. The Formaldehyde price trend in Chile showed slight improvement backed by modest demand from the construction and packaging sectors. Imports from the United States arrived regularly, and the market experienced no significant logistical issues. Methanol input costs remained steady, helping keep production expenses manageable.

Buyers sustained standard procurement, which reinforced a balanced supply-demand environment and ensured Chile’s formaldehyde pricing reflected steady industrial momentum and supply consistency throughout the quarter. In Q3 September 2025, Formaldehyde prices in Chile eased slightly as reduced regional liquidity and stable freight conditions influenced levels. Buyers maintained minimal engagement, resulting in stable yet softer prices over the course of the month.

In Q2 2025, according to the PriceWatch Formaldehyde price (Industrial Grade 37% FD Rotterdam) experienced a significant drop of -10.93%, with average prices settling at USD 336.6 per metric ton. This decline was primarily driven by reduced seasonal demand, as activity in key downstream sectors such as construction and automotive slowed during the quarter.

Additionally, an apparent oversupply in the European Formaldehyde market further pressured prices, as production outpaced consumption. Market sentiment was also negatively impacted by ongoing geopolitical uncertainties, including the Iran–Israel conflict, which added to overall regional economic caution.

While formaldehyde production in Europe remained largely unaffected in terms of physical supply, the conflict contributed to volatility in upstream feedstock markets such as Methanol, leading to shifts in procurement behaviour and risk-averse buying.

Fluctuating energy prices, partly influenced by instability in the Middle East, added another layer of uncertainty, affecting both production costs and buyer confidence. These combined factors resulted in a notable softening of the formaldehyde market in Europe during the quarter.

In Q2 2025, according to the PriceWatch Formaldehyde prices Industrial Grade 37% (Retail) Ex-Kolkata recorded an increase of +9.17%, with prices reaching USD 326.1 per metric ton. This rise was driven by stabilizing demand from key industrial sectors, although the overall growth remained moderate.

The Formaldehyde’s market continued to be influenced by global demand and supply constraints, but there were no significant changes in production or consumption patterns during the quarter. Seasonal trends contributed to slight variations in demand; however, pricing remained relatively stable with only minor fluctuations.

Transportation costs and geopolitical conditions introduced some variability, yet their impact was limited. Overall, the Formaldehyde’s market in Kolkata experienced a steady quarter, with prices increasing modestly compared to Q1 2025, reflecting a balanced market environment amid global uncertainties.

Looking ahead to Q1 2025, Formaldehyde prices in the Netherlands (Industrial Grade 37% FD Rotterdam) are expected to remain relatively stable at $ 378/MT, showing a slight increase of +0.27% from Q4 2024. This minimal price change can be attributed to the normalization of demand levels following the holiday season, with industries returning to more regular production cycles.

While demand remains steady, particularly in construction, automotive, and packaging, the market is likely to experience more balanced conditions, with both supply and demand stabilizing. As a result, Formaldehyde prices are expected to maintain their steady upward trajectory, albeit at a slower pace.

Looking ahead to Q1 2025, Formaldehyde prices in India (Industrial Grade 37% (Retail) Ex-Kolkata) are expected to be slightly lower, reported at $298.7/MT, showing a -0.40% decrease from Q4 2024. This slight dip can be attributed to the usual post-festive season slowdown, where demand from industries like automotive, construction, and packaging normalizes after the holiday peak.

Although the market remains steady, the transition into the new year typically leads to a slight decrease in prices as production levels stabilize and inventories adjust. While demand remains steady, the reduction in activity post-festivals and the availability of abundant supply contribute to a more stable and slightly lower price outlook for the first quarter of 2025.

Formaldehyde Price Trend Analysis: Q4 2024

In Q4 2024, Formaldehyde prices in the Netherlands (Industrial Grade 37% FD Rotterdam) saw an increase again, rising to $ 377/MT, marking a +4.53% increase from Q3. This price surge was driven by a seasonal uptick in demand as industries geared up for the festive season, leading to increased production of resins, adhesives, and other chemical products.

The packaging sector also saw a rise in demand for Formaldehyde-based materials, further tightening the market. Despite the somewhat stable supply conditions, the boost in demand during the final quarter of the year, driven by pre-holiday preparations and industrial production, pushed prices higher.

In Q4 2024, Formaldehyde prices in India (Industrial Grade 37% (Retail) Ex-Kolkata) slightly decreased to $299.9/MT, a -0.03% decline from Q3. This slight reduction can be attributed to a temporary stabilization in demand as industries slowed down the post-festive season and moved into a more routine production cycle.

The holiday rush typically leads to a spike in demand for packaging and construction materials, but by Q4, the market settled production levels adjusted. Additionally, an abundant supply of Formaldehyde, combined with a more balanced demand across key industries, contributed to price stabilization, preventing any further significant price rises.

By Q3 2024, Formaldehyde prices in the Netherlands (Industrial Grade 37% FD Rotterdam) slightly stabilized at $ 360.6/MT, showing a slight decrease of -0.55% compared to Q2. This slight dip can be attributed to a seasonal slowdown in demand as industries like construction and automotive typically experience a lull after the peak summer months.

Furthermore, some abundant demand supply domestic and international producers helped ease the supply-demand imbalance, leading to more stable pricing. While demand remained steady, there was less urgency in the market compared to the earlier months of the year, which contributed to the stabilization of prices in this quarter.

By Q3 2024, the Formaldehyde market in India (Industrial Grade 37% (Retail) Ex-Kolkata) experienced a significant rise in prices, reaching $300/MT, an increase of +11.11% from Q2. This rise was mainly driven by the higher demand from the construction and textile industries, which typically see a boost in activity during the mid-year months. As more businesses started ramping up production in preparation for the upcoming festive season, the demand for Formaldehyde in resin production increased.

Domestic production remained under pressure, and a combination of tighter supply conditions and the rising cost of feedstock contributed to the price hike. Moreover, the seasonal demand spike, combined with an abundant supply of raw materials, created tighter market conditions, pushing prices up further.

In Q2 2024, Formaldehyde prices in the Netherlands (Industrial Grade 37% FD Rotterdam) continued to rise, reaching $ 362.6/MT, reflecting a positive trend of +7.83% from Q1. The growth in prices can be linked to strong seasonal demand, especially from the construction and automotive sectors, which are major consumers of Formaldehyde-based resins.

The demand for formaldehyde also increased due to the ongoing recovery of industries from the pandemic, with more companies scaling up their operations. Additionally, the resurgence in demand for plywood and building materials ahead of the summer construction season helped keep prices elevated. Supply chain constraints remained an issue, but they were not as severe as in the previous quarter, which allowed for some stabilization in the market.

In Q2 2024, Formaldehyde prices in India (Industrial Grade 37% (Retail) Ex-Kolkata) showed a positive trend, rising to $270/MT, marking a +3.85% increase compared to Q1. This uptick can be attributed to a recovery in demand across various industries, particularly in the construction and automotive sectors, as both started ramping up production in anticipation of the summer.

The demand for Formaldehyde-based resins in the production of plywood and adhesives saw an increase, driven by seasonal activity in the construction and furniture industries. Additionally, the domestic supply was relatively stable, but logistical challenges, such as port congestion and rising transportation costs, had a slight upward effect on prices, contributing to the overall increase.

In Q1 2024, the global Formaldehyde market witnessed a bullish trend, primarily driven by rising methanol feedstock prices and robust demand from key industries such as construction and automotive. The Formaldehyde market in the Netherlands (Industrial Grade 37% FD Rotterdam) saw a strong upward trend, with prices reaching $ 336.3/MT, marking an increase of +16.73% compared to the previous quarter.

This rise can be attributed to a combination of factors, including higher demand from industries like textiles, construction, and automotive, which typically use Formaldehyde in the production of resins and adhesives.

The early months of the year also saw increased manufacturing activity as companies ramped up production after the holiday season. Additionally, supply chain disruptions, such as rising freight costs and delays in raw material deliveries, contributed to an upward pressure on prices, further tightening the market.

In Q1 2024, the Formaldehyde market in India (Industrial Grade 37% (Retail) Ex-Kolkata) saw a stable trend, with prices reported at $260/MT, showing no change (+0.00%) from the previous quarter. This stability can be attributed to balanced supply and demand conditions during the period. The market was relatively steady as there were no significant fluctuations in demand from key sectors like automotive, construction, and textiles.

The lower production rate during the post-festive period also contributed to this stable price trend, as industries were still recovering from the previous year’s holiday slowdowns. Despite slight fluctuations in global feedstock costs, Indian market conditions remained stable, preventing any significant price hikes.

Technical Specifications of Formaldehyde Price Trends

Product Description

Formaldehyde is a colourless gas with a strong odour, widely used in producing industrial resins such as urea-formaldehyde and phenol-formaldehyde. It serves as a key chemical intermediate in manufacturing adhesives, coatings, and plastics. Additionally, it acts as a disinfectant, preservative, and fungicide in agriculture, medicine, and construction industries. Formaldehyde is commonly supplied as formalin, a 37% aqueous solution.

Identifiers and Classification:

  • CAS No – 50-00-0
  • HS Code – 291211
  • Molecular Formula – CH₂O
  • Molecular Weight (in gm/mol) – 30.03 g/mol


Formaldehyde Synonyms:

  • Methanal
  • Formalin


Formaldehyde Grades Specific Price Assessment:

  • Formaldehyde, Industrial Grade 37%


Formaldehyde Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-30 MT, 10-15 MT
  • Packaging Type (Product & Country Specific): Drum (200 Litres)


Incoterms Referenced in Formaldehyde Price Reporting

Shipping Term  Location  Definition 
FD Antwerp  Antwerp, Belgium  Domestically Traded Formaldehyde price in Belgium 
FOB Shanghai  Shanghai, China  Formaldehyde Export price from China 
FD Rotterdam  Rotterdam, Netherlands  Domestically Traded Formaldehyde price in Netherlands 
FOB Houston  Houston, USA  Formaldehyde Export price from USA 
Ex-Kolkata  Kolkata, India  Domestically Traded Formaldehyde price in Kolkata 
FD Le Havre (Belgium)  Le Havre, France  Domestically Traded Formaldehyde price in France 
FD Hamburg (Netherlands)  Hamburg, Germany  Domestically Traded Formaldehyde price in Germany 
FD Immingham (Belgium)  Immingham, UK  Domestically Traded Formaldehyde price in UK 
CIF Apapa (China)  Apapa, Nigeria  Formaldehyde Import price in Nigeria from China 
CIF Montreal (USA)  Montreal, Canada  Formaldehyde Import price in Canada from USA 
 CIF San Antonio (USA)  San Antonio, Chile  Formaldehyde Import price in Chile from USA 

*Quotation Terms refers to the quantity range specified for the Formaldehyde being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Formaldehyde packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Formaldehyde Manufacturers

Manufacturer 
Celanese 
BASF SE 
LANXESS 
Vizag Chemical 
Capital Resin Corporation 
Yujiang Chemical (Shandong) Co., Ltd 
Foremark Performance Chemicals 

Formaldehyde Industrial Applications

formaldehyde market share end use

Historically, several events have caused significant fluctuations in Formaldehyde prices

Russia-Ukraine Conflict (2022-Present): While Formaldehyde is less directly impacted by geopolitical conflicts, the rise in energy and raw material costs due to the conflict did affect production costs, leading to moderate price fluctuations.
Methanol Price Swings (2015-2024): Since methanol is a key input for Formaldehyde, fluctuations in methanol prices directly influenced Formaldehyde costs. When methanol prices surged due to global demand-supply mismatches, Formaldehyde prices followed.
Texas Winter Storm (2021): The Formaldehyde market was impacted as the storm disrupted methanol production, a key feedstock for Formaldehyde, causing short-term supply issues and pushing prices up.
COVID-19 Pandemic (2020): During the pandemic, the demand for Formaldehyde, particularly in the construction and automotive industries, fell sharply. However, as markets began to recover, so did Formaldehyde demand, leading to price increases.

These events underscore the Formaldehyde market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why Price Watch™?

Price Watch™ is your trusted resource for tracking global formaldehyde price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the formaldehyde market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watch™ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence formaldehyde prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely formaldehyde market data.

Track Price Watch's™ formaldehyde price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

Real-Time Market Data: PriceWatch aggregates real-time pricing data from various sources, including global commodity exchanges, industry reports, and proprietary databases. This approach ensures that our assessments accurately reflect the current market conditions for formaldehyde.
On-the-Ground Intelligence: Our team gathers insights directly from key market participants, such as producers, suppliers, traders, and end-users, across major formaldehyde production regions. This ground-level intelligence is essential for understanding localized market dynamics.
Supply Chain Monitoring: We monitor the entire formaldehyde supply chain, from raw material availability (e.g., methanol, urea) to production and distribution channels. This includes tracking feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

Regulatory Changes: PriceWatch continuously monitors regulatory developments affecting formaldehyde production and usage, such as environmental regulations and safety standards. These changes can significantly impact production costs and pricing dynamics.
Natural Disasters and Climate Events: We assess the effects of natural disasters, like floods or extreme weather events, on formaldehyde production facilities, particularly in vulnerable regions. These incidents are considered in our price forecasts and supply outlooks.
Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., construction, furniture, and automotive industries), to predict changes in formaldehyde demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global formaldehyde production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to accurately assess current supply availability.
Future Capacity Projections: Our research includes detailed forecasts of upcoming formaldehyde production capacities, considering new plant constructions, expansions, and technological advancements. This helps us predict future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including construction, automotive, and manufacturing. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
Global Demand Dynamics: Our methodology considers regional demand variations and their influence on global formaldehyde pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast formaldehyde prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for various market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most current information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable formaldehyde pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Formaldehyde Market Price Trend published by 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ assumes no liability for decisions taken based on this information.

The pricing of formaldehyde is influenced by several key factors, including the cost of raw materials like methanol and natural gas, production capacities, and regional demand. Additionally, fluctuations in crude oil prices, transportation costs, and environmental regulations impact pricing. Market dynamics, such as supply chain disruptions or changes in end-user demand from industries like construction, automotive, and textiles, can also lead to price variations.

Raw materials, particularly methanol, are essential for formaldehyde production. When the prices of these materials rise due to supply shortages, geopolitical tensions, or increased demand, formaldehyde prices typically follow suit. Conversely, if raw material costs decrease due to improved production efficiencies or oversupply, formaldehyde prices may also decline. Procurement heads should closely monitor raw material markets to anticipate and mitigate potential cost fluctuations.

Formaldehyde prices can vary significantly across different regions due to factors such as local production capabilities, raw material availability, and regulatory environments. For instance, regions with abundant natural gas supplies may experience lower formaldehyde prices compared to those reliant on imports. Procurement strategies should account for these regional differences by evaluating supplier options, considering logistics costs, and exploring partnerships in cost-competitive markets to optimize procurement efficiency.

Formaldehyde is a widely used industrial chemical primarily employed in the production of resins, adhesives, engineered wood products, plastics, textiles, and disinfectants. Its price matters because it directly affects the cost of construction materials, furniture, packaging, and numerous consumer and industrial products. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ tracks formaldehyde prices to help businesses and consumers understand market trends and cost fluctuations.

Formaldehyde prices vary by region, concentration, and grade. Prices are typically quoted per metric ton and fluctuate based on methanol feedstock costs, supply-demand dynamics, and transportation expenses. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ provides real-time price assessments across global markets to help buyers and sellers make informed decisions.

Formaldehyde prices fluctuate due to changes in methanol prices (the primary raw material), energy costs, production rates, logistics expenses, and demand from downstream industries such as construction, furniture, automotive, textiles, and packaging. Housing market activity, seasonal construction demand, regulatory developments, and broader economic conditions further influence market trends.

The largest consumers of formaldehyde include manufacturers of urea-formaldehyde, phenol-formaldehyde, and melamine-formaldehyde resins, as well as producers of plywood, MDF, particleboard, laminates, textiles, and coatings. It is also used in healthcare, agriculture, and chemical processing. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ analyses demand patterns across these industries.

Formaldehyde is produced at chemical plants worldwide through the catalytic oxidation of methanol. The resulting formaldehyde is typically sold as an aqueous solution (formalin) in varying concentrations.

China is one of the world’s largest producers and exporters of formaldehyde, followed by countries in Asia, Europe, and North America with strong resin and construction-material manufacturing bases. Export volumes vary depending on regional demand, environmental regulations, and trade policies. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Global supply generally meets demand, but regional shortages can occur due to plant shutdowns, methanol feedstock disruptions, regulatory restrictions, or fluctuations in construction activity. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Formaldehyde is sold in different concentrations and grades depending on end-use requirements, such as industrial, resin-grade, or specialty applications. Higher-purity or customized formulations often command higher prices due to stricter quality controls and additional processing. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ provides separate price assessments for different grades and concentrations.

When demand rises sharply, often driven by increased construction activity or higher resin production, prices typically increase. Suppliers may prioritize long-term contract customers, while spot market buyers may face higher prices or longer delivery times. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ captures these market shifts in real time.

Energy costs influence formaldehyde production through their impact on methanol pricing, plant operations, and transportation. Rising energy prices often lead to higher production costs, which are passed on to buyers. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ analyses these relationships in its market reports.

Regional price variations result from differences in methanol availability, production capacity, transportation costs, environmental regulations, and local demand from construction and manufacturing sectors. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ tracks prices across all major regions to highlight these disparities.

Formaldehyde price outlooks depend on methanol price trends, construction and housing market activity, industrial production levels, and regulatory developments. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Absolutely. Accurate forecasting allows you to time your purchases better, negotiate contracts more effectively, and budget more accurately. If 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ forecasts predict a price increase in three months, you might choose to stock up now or lock in long-term contracts at current rates, potentially saving thousands of dollars.

Events such as economic downturns, trade restrictions, plant accidents, raw material shortages, or regulatory changes can disrupt formaldehyde production and supply chains, leading to price volatility. The COVID-19 pandemic and fluctuations in construction demand are examples of events that significantly impacted the market. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ provides timely alerts on such developments.

𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ collects pricing data from manufacturers, distributors, and buyers worldwide to publish transparent price assessments, market reports, and forecasts. Our comprehensive methodology makes us a trusted source for understanding fair pricing and market trends in the formaldehyde industry.

Access Real-Time Formaldehyde Price Trends
Access Real-Time Formaldehyde Price Trends