Formaldehyde+demand

Formaldehyde is an organic compund with the formula CH2O. As the simplest aldehyde, it is an important precursor to many other chemical compounds, especially for polymers. In 2005, annual world production fo formaldehyde was estimated to be 21 million tones. In view of its widespread use, toxicity and volatility, exposure to formaldehyde is a significant consideration for human health. The value fo sales of formaldehyde and derivative products was over 145 billion dollars in 2003, about 1.2% of the Gross Domestic Product of the United States and Canada. The U. S. formaldehyde demand has been exceedingly slow since January of 2010. Due to the drop in our economy everyone has suffered from this. Basically we're just looking at making the formaldehyde we need as we need it. We're definitley running slower that we have been in the pas couple of years. The weak formaldehyde sector was cited as a factor in the recent decline of U.S. methanol spot prices. The impact of weaker Formaldehyde demand was somewhat mitigated by robust methly tertiary butyl ether. The demand has definitley slow and hopefully it will increase in the up coming months or years.