Press release
Global Urea Formaldehyde Market is projected to reach 12800 Million US$ by 2025
In terms of production side, this report researches the Urea Formaldehyde capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Urea Formaldehyde by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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Urea-formaldehyde is a non-transparent thermosetting resin or polymer. It is produced from urea and formaldehyde. These resins are used in adhesives, finishes, particle board, MDF, and molded objects. UF and related amino resins are a class of thermosetting resins of which urea-formaldehyde resins make up 80% produced globally. Examples of amino resins use include in automobile tires to improve the bonding of rubber to tire cord, in paper for improving tear strength, in molding electrical devices, jar caps, etc.
Growth in the automotive industry and increasing demand for electrical & electronics products are driving the global market for flat glass. However, the harmful and toxic effects of formaldehyde resins act as a roadblock to the market growth.
The demand for good quality and economically viable adhesives and resins is expected to fuel the market of urea formaldehyde. Challenges include government legislation promoting sustainable products in lieu of UF adhesives and resins.
The Urea Formaldehyde market was valued at 8390 Million US$ in 2017 and is projected to reach 12800 Million US$ by 2025, at a CAGR of 5.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Urea Formaldehyde.
This report includes the following manufacturers; we can also add the other companies as you want.
ARCL Organics
BASF
Hexion
INEOS
MRI
Borealis
Chemiplastica
Chimica Pomponesco
Georgia-Pacific Chemicals
HEXZA
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Kronospan
Market Segment by Product Type
Urea Formaldehyde Resin Power
Urea Formaldehyde Resin Solution
Market Segment by Application
Particle Boards
Plywood
Adhesives and Coatings
Decorative Laminates
Molding Compounds
Key Regions split in this report:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Urea Formaldehyde status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Urea Formaldehyde manufacturers, capacity, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Urea Formaldehyde are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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