Global Urea Formaldehyde Market Size study, By Application (Particle Boards, Wood Adhesives, Plywood, Medium Density Fibreboard, Other Applications), By End Use Industry (Automotive Industry, Electrical Appliances, Agriculture, Building and Construction,

Global Urea Formaldehyde Market Size study, By Application (Particle Boards, Wood Adhesives, Plywood, Medium Density Fibreboard, Other Applications), By End Use Industry (Automotive Industry, Electrical Appliances, Agriculture, Building and Construction, Other End Use Industries), and Regional Forecasts 2022-2028

Global Urea Formaldehyde Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Urea Formaldehyde can be defined as a non-transparent thermoset synthetic resin obtained from chemical combination of urea and formaldehyde. Urea formaldehyde (UF) resins are widely used as binder in woodworks and coating. It is also utilized to create various materials including laminates, textiles, and fabrics or cotton blends. The growing number of construction activities and increasing number of end use applications of Urea Formaldehyde are factors that are accelerating the global market demand. For instance, according to Oxford Economics Future of Construction report – in 2020, the global construction output was estimated at USD 10.7 trillion, and this amount is projected to grow to USD 15.2 trillion by 2030. Asia Pacific would account for USD 2.5 trillion growth in construction output between 2020 & 2030 and would reach to USD 7.4 trillion by 2030. In addition, construction output in North America would grow by 32% or USD 580 billion to reach to USD 2.4 trillion by 2030. Also, growing automotive sector in emerging economies coupled with rising demand for UF fertilizers in agriculture activities are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, stringent regulations in certain regions e.g., in Canada advertisement or sale of urea formaldehyde-based insulation is prohibited under the Canada Consumer Product Safety Act (CCPSA) and low moisture resistivity as compared to alternatives resins such as phenolic formaldehyde and polymeric diisocyanate impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Urea Formaldehyde Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share since the region is largest producer urea-formaldehyde resins and increasing demand for UF fertilizer in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the increasing end use applications of Urea Formaldehyde and rising advancements in agriculture activities in the region, would create lucrative growth prospects for the global Urea Formaldehyde Market across the Asia Pacific region.

Major market players included in this report are:
Advachem SA
Acron Group
ARCL Organics Ltd.
Ashland
Asta Chemicals
Arclin Inc.
BASF SE
Georgia-Pacific Chemicals
Hexion
Dubi Chem marine International

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Particle Boards
Wood Adhesives
Plywood
Medium Density Fibreboard
Other Applications
By End Use Industry:
Automotive Industry
Electrical Appliances
Agriculture
Building and Construction
Other End Use Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Urea Formaldehyde Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Advachem SA
Acron Group
ARCL Organics Ltd.
Ashland
Asta Chemicals
Arclin Inc.
BASF SE
Georgia-Pacific Chemicals
Hexion
Dubi Chem marine International

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.