Press release
Formaldehyde Free Resin Market will reach at USD 12.11 Billion by 2030: Cognitive Market Research
Formaldehyde Free Resin Market will reach at USD 12.11 Billion by 2030: Cognitive Market Research
Formaldehyde-free resins do not contain any formaldehyde as an ingredient or release formaldehyde during their production or use. Formaldehyde is a colorless, strong-smelling gas that is commonly used in the manufacture of various products, including adhesives, resins, and coatings. However, formaldehyde is known to be a potent allergen and a potential carcinogen. Formaldehyde-free resins are an alternative to traditional resins that contain formaldehyde-based components mainly urea-formaldehyde and phenol-formaldehyde resins. Formaldehyde-free resins are typically used in applications where low levels of formaldehyde emissions are desired or where there are strict regulations limiting the use of formaldehyde. These are used in the furniture, adhesive, and construction industry. Formaldehyde-free resins are also used in the textile industry to increase the color retention of various shades of jeans.
Summary:
The Global Formaldehyde Free Resin market was valued at USD 7.26 Billion in 2022 and is projected to reach USD 12.11 Billion by 2030, registering a CAGR of 6.6% for the forecast period 2023-2030.
Market Dynamics:
• The expansion of the construction sector coupled with increasing demand for household furniture is driving the growth of the formaldehyde-free resin market
The growing construction sector and increasing demand for household furniture drive the growth of the formaldehyde-free resin market. The development and use of formaldehyde-free resins have gained importance due to growing concerns about indoor air quality and the potential health risks associated with formaldehyde exposure. Regulatory agencies across the world have imposed strict limits on formaldehyde emissions from various products, this led to increased demand for formaldehyde-free alternatives in the construction and furniture industry. Formaldehyde-free resin finds extensive use in the construction sector for various applications, including engineered wood products, adhesives, paneling, insulation materials, and achieving green building certifications. The increasing urbanization, population growth, infrastructural development, and renovation are leading to an increase in construction activities globally which in turn drives the growth of the formaldehyde-free resin market.
Furthermore, consumers are becoming more conscious of the products they use, especially when it comes to their homes and living spaces. People are actively seeking healthier and safer alternatives for construction materials, including formaldehyde-free options. This demand has encouraged manufacturers to develop and market formaldehyde-free resin products to cater to consumer preferences.
• The high cost of formaldehyde-free resins is expected to hinder the growth of the market (Available on- https://www.cognitivemarketresearch.com/formaldehyde-free-resin-market-report)
Market Segmentation:
Product Type:
• Wood Adhesive
• Foil Bonding Adhesive
• Fiberglass Adhesive
• Mineral Fiber Adhesive
Based on product type, wood adhesives accounted for the largest market share in terms of revenue. Wood adhesives are widely utilized in the furniture business owing to their enhanced benefits such as excellent wood adhesion, rigidity, flexibility balance, and good water and fatigue resistance. Moreover, the development of soy-based wood adhesives improves the strength and water resistance of wood composite panels. With this development of innovative wood adhesives, the market is expected to grow during the forecast period.
Application:
• Residential Insulation
• Commercial and Industrial (C&I) Insulation
• Others
The residential insulation segment is anticipated to grow at the fastest CAGR during the forecast period. This growth is attributed to the increasing healthy and safety concerns and increasing awareness regarding indoor air quality as formaldehyde-free resins help reduce or eliminate formaldehyde emissions, resulting in improved indoor air quality and a healthier living environment.
End Users:
• Automobile
• Chemicals
• Textile
• Furniture
• Construction
• Adhesive
Get free sample pages of latest published Formaldehyde Free Resin Market Report: https://www.cognitivemarketresearch.com/formaldehyde-free-resin-market-report#request_sample
Competitive Analysis for Formaldehyde Free Resin Market:
• DSM Inc.
• NineSigma Inc.
• The Dow Chemical Company
• Georgia-Pacific Chemicals LLC
• Fraunhofer-Gesellschaft
• EGGER GROUP
• ARCL Organics Ltd
• Hexon
• Others
Regional Analysis:
In 2022, Asia Pacific accounted for the largest revenue share of around 41.6% of the formaldehyde-free resin market owing to the rapid growth in urbanization and increasing modern infrastructure development across the region. Moreover, Asia Pacific is experiencing significant growth in the construction, furniture, and packaging industry which are key end-use sectors for formaldehyde-free resins. This in turn has driven the demand for formaldehyde-free resins in this region.
North America held a significant share of around 27.7% of the global formaldehyde-free resin market owing to the increasing use of formaldehyde-free resins in several verticals such as paper, plywood, textiles, and coatings. The region has implemented strict regulations regarding formaldehyde emissions, particularly in building materials and consumer products. These regulations, such as the U.S. Environmental Protection Agency's Formaldehyde Emission Standards for composite wood products, have driven the demand for formaldehyde-free resins as an alternative to traditional formaldehyde-based resins.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Formaldehyde Free Resin Market
• 3.1 Global Formaldehyde Free Resin Market Size 2018 - 2030, (USD Million)
• 3.2 Global Formaldehyde Free Resin Value, Absolute & Opportunity Analysis
• 3.3 Global Formaldehyde Free Resin Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Formaldehyde Free Resin Market Statistics 2022: Snapshot
Chapter 4 Global Formaldehyde Free Resin Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Formaldehyde Free Resin Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Formaldehyde Free Resin Industry Mergers and Acquisition Analysis
• 5.3 Global Formaldehyde Free Resin New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Formaldehyde Free Resin Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Formaldehyde Free Resin Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global Formaldehyde Free Resin Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Formaldehyde Free Resin Market by End Users Segmentation Analysis (2018-2030)
Chapter 12 Global Formaldehyde Free Resin Market Regional Analysis
Chapter 13 North America Formaldehyde Free Resin Market Outlook (2018 - 2030)
Chapter 14 Europe Formaldehyde Free Resin Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Formaldehyde Free Resin Market Outlook (2018 - 2030)
Chapter 16 Latin America Formaldehyde Free Resin Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Formaldehyde Free Resin Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more the Formaldehyde Free Resin Market TOC click here: https://www.cognitivemarketresearch.com/formaldehyde-free-resin-market-report#table_of_contents
Related Report:
• Auto-transfusion Systems- https://www.globalhealthcareresearch.com/auto-transfusion-systems-market-report
• Bone Densitometer- https://www.globalhealthcareresearch.com/bone-densitometer-market-report
• Smart Insulin Pens- https://www.globalhealthcareresearch.com/smart-insulin-pens-market-report
Infographics from Cognitive Market Research:
• Quantum Computing- https://www.cognitivemarketresearch.com/assets/images/report_images/report_infographics/Quantum_Computing_market_report_1684921547.jpg
Blog from Cognitive Market Research:
• Top 6 Nutritional Supplements Trends that are Being Followed: Global Healthcare Research- https://www.globalhealthcareresearch.com/blog/top-6-nutritional-supplements-trends-that-are-being-followed
To view a Company Profile click here:
• Bio-Rad Laboratories, Inc.- https://www.globalhealthcareresearch.com/company_profile/bio-rad-laboratories-inc
Article from Cognitive Market Research:
• An Outlook On Organic Facial Oils Market- https://www.cognitivemarketresearch.com/articles/an-outlook-on-organic-facial-oils-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Formaldehyde Free Resin Market will reach at USD 12.11 Billion by 2030: Cognitive Market Research here
News-ID: 3133485 • Views: …
More Releases from Cognitive Market Research
Ultra Fine Copper Powder Market is estimated to grow at a CAGR of 7.1% during th …
Market Overview:
- The term "ultra-fine copper powder" refers to a finely divided type of copper that is distinguished by its exceedingly small particle size and large surface area. It is made using a variety of processes, such as mechanical grinding, electrolysis, and chemical precipitation. Ultra-fine copper powder typically has particles between a few nanometres and a few micrometers in size.
Summary:
- As per Cognitive Market Research, Global Ultra-Fine Copper…
Premium Branding and Status Symbol boosts the Global Metal Card Market: Cognitiv …
Market Overview:
- A metal card typically refers to a credit or debit card that is made from metal materials instead of traditional plastic. These cards are often associated with premium or high-end credit card offerings and are designed to provide a more luxurious and prestigious feel. Metal cards are usually made from materials such as stainless steel, titanium, or other alloys, which gives them a solid and durable construction.…
Slot Machines Market is projected to grow at a CAGR of 12.9% within the forecast …
Market Overview:
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators.…
Mechanical Seals Market is estimated to grow at a CAGR of 4.8% within the foreca …
Market Overview:
A mechanical seal is only a way to keep fluid inside a vessel usually pumps, mixers, etc. when a rotating shaft passes through a stationary housing or, on rare occasions, when the housing rotates around the shaft. Mechanical seals are devices used to prevent leakage between two components or systems that are connected by a rotating shaft. They are commonly used in pumps, compressors, mixers, and other equipment that…
More Releases for Formaldehyde
Urea Formaldehyde Glue Powder, Ready For Shipment
Urea Formaldehyde Glue Powder 25KG Bag, 28Tons/40'FCL Without Pallets 2 FCL, Destination: Middle East Ready For Shipment~
Image: https://www.aojinchem.com/uploads/9111.jpg Image: https://www.aojinchem.com/uploads/961.jpg
Image: https://www.aojinchem.com/uploads/9210.jpg Image: https://www.aojinchem.com/uploads/9310.jpg
Applications:
1. Wooden furniture manufacturing: Urea-formaldehyde resin powder can be used to bond wood, plywood, wooden flooring and other wooden furniture. It has high bonding strength and heat resistance, and can provide a long-lasting bonding effect.
2. Papermaking industry: Urea-formaldehyde resin powder can be used as a reinforcing agent for…
Melamine Formaldehyde Market Research Report | Valuates Reports
Melamine Formaldehyde Market Research Report | Valuates Reports
The global Melamine Formaldehyde market size is expected to reach US$ 9666.3 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029.
View Sample Report
https://reports.valuates.com/request/sample/QYRE-Auto-14U7166/Global_Melamine_Formaldehyde_Market_Insights_and_Forecast_to_2028
Report Scope
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1)…
Formaldehyde Market Size, CAGR | Growth - 2032
The Global Formaldehyde Market Size was valued at USD 7.8 Billion in 2022 and is anticipated to reach USD 13.5 Billion by 2032 with a CAGR of 5.6% from 2023 to 2032.
Formaldehyde, a versatile chemical compound, serves as a foundational building block across numerous industries, ranging from manufacturing to healthcare. As a crucial precursor in the production of various materials and products, the Formaldehyde Market plays an indispensable role in…
Formaldehyde Market Challenges, Growth and Opportunities - 2031
Formaldehyde Market: Introduction
In terms of value, the global formaldehyde market is anticipated to expand at a CAGR of ~4% from 2021 to 2031 and cross US$ 15 Bn by 2031. The usage of formaldehyde in the production of resins has been rising. Formaldehyde-based resins are used in a wide range of applications. In terms of volume, Asia Pacific dominated the global formaldehyde market in 2020. It is estimated to lead…
Formaldehyde Market Industry Analysis - Formaldehyde Market Size Driven by Recen …
The most recent study offered by Acumen Research and Consulting focuses Formaldehyde Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Formaldehyde Market trends in order to assess its current and future potential. Our Formaldehyde Market analysis also provides market participants and new entrants with a comprehensive view of the…
Formaldehyde Solution Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/formaldehyde-solution-market/79772
Formaldehyde Solution Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Formaldehyde Solution basics: definitions, classifications, applications and market overview; product specifications;…
