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.
In 2019, the market size of Urea Formaldehyde is 8390 million US$ and it will reach 12800 million US$ in 2025, growing at a CAGR of 5.4% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Urea Formaldehyde.
This report studies the global market size of Urea Formaldehyde, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Urea Formaldehyde production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ARCL Organics
BASF
Hexion
INEOS
MRI
Borealis
Chemiplastica
Chimica Pomponesco
Georgia-Pacific Chemicals
HEXZA
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: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Urea Formaldehyde status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Urea Formaldehyde manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Urea Formaldehyde. Industry analysis & Market Report on Urea Formaldehyde is a syndicated market report, published as Global (United States, European Union and China) Urea Formaldehyde Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Urea Formaldehyde market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.