Sometimes referred to by its systematic name of methanol, formaldehyde is a naturally occurring organic compound that is the simplest of the aldehydes. This important precursor to many other chemical compounds is mass produced at around 8.7 million tons per year, and is a primary ingredient in the manufacture of industrial resins (particularly for particle board) and certain industrial coatings. Due to its widespread use, however, it should be noted that formaldehyde toxicity and volatility present a significant danger to human health. It is formally listed by the US National Toxicology Program as a known human carcinogen. The primary industrial production of Formaldehyde is catalytic oxidation of methanol, primarily with silver metal or an iron, molybdenum, or vanadium oxides mixture. Its industrial uses as a precursor include the production of numerous resins and coatings used in both the textile and automotive industry, such as anti-creasing fabric finishers and automotive component protective coatings.