The global formaldehyde market stood at a volume of approximately 22,780 KT in 2023 and is projected to grow at a CAGR of 3.40% between 2025 and 2034, reaching around 30,510 KT by 2032. The increasing demand for chemical intermediates, including solvents such as Methyl Isobutyl Ketone (MIBK), is driven by industrial growth, particularly in paints & coatings, adhesives, and chemical...