Capacity for formaldehyde is also growing (for a complete list of global formaldehyde capacities, please see Appendix A, “Global Capacities”). Unlike methanol, formaldehyde producers have not enjoyed large, reinvestment level margins, and in fact there is a trend toward formaldehyde users investing in manufacturing of their own, becoming captive consumers of methanol (as is the case for many board manufacturers and larger chemical producers). Though the end of the study period, new capacities will generally be in line with growth.