Study on socio-economic benefits of formaldehyde

 

European study shows significant contributions of formaldehyde to economy and society

A study conducted in 2007 quantifies the value of formaldehyde to society and the contribution of the formaldehyde industry to the economies of the European Union and Norway. The results show not only the enormous economic significance of formaldehyde but also the benefits for consumers.

The analysis covers more than 95% of the formaldehyde consumption in the EU. It focuses in depth on four major products for which formaldehyde is essential during manufacture. 

Using formaldehyde and its derivatives in Europe rather than alternative products saves more than € 29 billion per year (not taking account of huge technical and supply issues). No less than 1.7 million people are directly employed throughout the European formaldehyde-value chain.


Please download the socio-economic benefit study here.
Please see a FormaCare press release of 17 January 2009 on the issue here.