NEW YORK, November 22, 2016 /PRNewswire/ -- Increasing infrastructure-based development and growing furniture industryto drive formaldehyde market in India According to a recently released TechSci Research report, "India Formaldehyde MarketStudy, 2011- 2025", the market of formaldehyde in India is anticipated to grow at a CAGR of over 4% during 2016 - 2025. Flourishing furniture industry along with growing focus on infrastructure-based development are the major factors propelling the India formaldehyde market. In addition to this, various capacity expansion projects announced by formaldehyde derivatives producing companies in India are boosting the demand for formaldehyde in the country. Moreover, growing consumption of formaldehyde by multiple end user industries including construction, furniture, paints & coatings, textiles, fertilizers & pesticides, etc., is expected to drive the India formaldehyde market during forecast period. (Logo: http://photos.prnewswire.com/prnh/20140117/663730 ) Formaldehyde is tailored for utilization as the crucial raw material and a key ingredient in construction sector with applications in wood-based panel items such as plywood, particleboard, etc. In addition to this, it is also used to make sheathing & cladding in houses, furniture, insulation and flooring systems. As per the 12th Five Year Plan (2012-17), an investment of USD1,000 billion is planned for infrastructure sector in the country. Moreover, the country's furniture market is projected to grow at a CAGR of around 26% during 2014-2019. Thus, increasing government expenditure on infrastructure-based development and growing furniture market are expected to drive India formaldehyde market during 2016 - 2025.