Formaldehyde is a simple chemical compound made of hydrogen, oxygen and carbon. 

Formaldehyde is perhaps best known for its preservative and anti-bacterial properties

A saturated water solution, of about 40% formaldehyde by volume or 37% by mass, is called “100% formalin“. A small amount of stabilizer, such as methanol, is usually added to suppress oxidation and polymerization. A typical commercial grade formalin may contain 10–12% methanol in addition to various metallic impurities.

Uses :

Products generated from formaldehyde include urea formaldehyde resin, melamine resin, phenol formaldehyde resin, polyoxymethylene plastics, 1,4-butanediol, and methylene diphenyl diisocyanate. The textile industry uses formaldehyde-based resins as finishers to make fabrics crease-resistant.

When treated with phenol, urea, or melamine, formaldehyde produces, respectively, hard thermoset phenol formaldehyde resin, urea formaldehyde resin, and melamine resin. These polymers are common permanent adhesives used in plywood and carpeting.