Urea formaldehyde resin is a non-transparent, cross-linked thermoset resin or plastic, which is a chemical mixture of urea and formaldehyde. It is used extensively in different end-user industries as it provides high reactivity and performance at a relatively low cost.
Currently, urea-formaldehyde resin industry concentration is low, mainly concentrated in Asia and Europe, where yields in Europe is relatively stable, while the world's fastest growing regions is Asia, mainly because of the rapid development of infrastructure in Asia.
Since the main application of urea-formaldehyde resins are downstream wood processing industries, due to the low demand for manufacturing process of the product, So many wood-based panel companies have their own plant to produce urea-formaldehyde resins, few external sales. Only supply to them.
On the other hand, as many countries and regions to strengthen the requirements for free formaldehyde content in wood-based panels, they developed a more stringent industry standards, so many manufacturers to give up the business.
According to this study, over the next five years the Urea Formaldehyde Resin market will register a 5.5% CAGR in terms of revenue, the global market size will reach US$ 11600 million by 2024, from US$ 8390 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Urea Formaldehyde Resin business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Urea Formaldehyde Resin market by product type, application, key manufacturers and key regions and countries.
This study considers the Urea Formaldehyde Resin value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Urea Formaldehyde Resin Power
Urea Formaldehyde Resin Solution
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Composite panel products
Plastic Product
Industrial abrasives
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Hexion
Advachem
Metadynea
Allnex
Dynea
Kronospan
Mitisuichem
Hexza
Basf
Chemiplastica
GP Chem
Tembec Inc
Ercros
Foresa
Jilin Forest
Sanmu
Yuntianhua
Huasen
Gaoxing Muye
Yuanye
Senbang
Bosson
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Urea Formaldehyde Resin consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Urea Formaldehyde Resin market by identifying its various subsegments.
Focuses on the key global Urea Formaldehyde Resin manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Urea Formaldehyde Resin with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Urea Formaldehyde Resin submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Urea Formaldehyde Resin . Industry analysis & Market Report on Urea Formaldehyde Resin is a syndicated market report, published as Global Urea Formaldehyde Resin Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Urea Formaldehyde Resin market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.