Urea Formaldehyde Market
Urea formaldehyde (UF), chemically known as urea methanol, is a chemical composition of urea and formaldehyde and is set to witness high surge in demand in next couple of years primarily due to its high tensile strength, flexural modulus and scratch resistant properties that makes it suitable for being used as adhesives in various end–use industries. The urea formaldehyde market is a double-digit billion dollar industry and is expected to grow at a very impressive rate during the forecast period. The UF resins are economically cost-effective in nature than other resins such as phenol-formaldehyde resins, thus making it more popular among industries such as textiles, papers, foundry, etc.
Urea Formaldehyde Industry: Drivers & Restraints
The demand for good quality and economically viable adhesives and resins is expected to fuel the market of urea formaldehyde. Most of the demand is expected to generate from automobiles and electrical appliances globally. Challenges include government legislation promoting sustainable products in lieu of UF adhesives and resins.
Urea Formaldehyde Market: Segmentation
On the basis of end-use industries, the global urea formaldehyde market is segmented into,
Automobiles
Electrical Appliances
Home Appliances (Furniture)
Agriculture
Others
Most of the demand is expected to generate from home appliances and electrical appliances, however, its usage in agriculture is gaining momentum, particularly as a source of nitrogen fertilizer.
On the basis of end-use applications, urea formaldehyde market is segmented into
Adhesives
Particle board
Plywood
Roofing mats
Others
Particle board followed by adhesives and plywood are the key applications of urea formaldehyde. High growth is expected in adhesive applications, primarily due to increasing penetration in automobiles and electrical appliances industries during the forecast period.
Urea Formaldehyde Market: Region-wise Outlook
On the basis of region urea formaldehyde finds its market scope in North America, Latin America, Middle East & Africa, Europe and Asia-Pacific. North America and Europe dominates the urea formaldehyde market in terms of consumption, however, Asia Pacific and Latin America are expected to be the most promising region in terms of incremental opportunities lying ahead for generating high revenue. High production cost coupled with prolonged economic crisis in developed regions of Europe has led to the shifting of urea formaldehyde market to Asia Pacific. Economic reforms in Malaysia, China and India along with high GDP growth rate is fuelling the urea formaldehyde market in these regions. Though Asia Pacific is lucrative in terms of revenue generation, volatility exists mainly due to the unorganized end-use industries in two large market bases-china and India.
Urea Formaldehyde Market: Key Players
Company needs to meet the stringent quality norms before marketing their product especially in developing regions of Asia Pacific.
Some of the market participants in the global urea formaldehyde market are BASF SE, The Dow Chemical Company, Ashland Inc., DuPont, Kronospan Ltd., Advachem SA, etc.
Going through these points, there is no doubt that urea formaldehyde market hold good market prospects in near future, thereby is anticipated to grow at impressive CAGR during the forecast period, 2015–2025.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Value Chain Analysis
Current Trends/Issues/Challenges
Competition & Companies involved
Overview of Specialty Chemicals market
Regional analysis includes
North America (U.S., Canada, Mexico)
Latin America (Brazil, Mexico)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
- 1. Executive Summary | Urea Formaldehyde Market
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Technology Roadmap
- 1.5. Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
- 3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. Product Innovation / Development Trends
- 4. Key Success Factors
- 4.1. Product Adoption / Usage Analysis
- 4.2. Product USPs / Features
- 4.3. Strategic Promotional Strategies
- 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 5.1. Historical Market Volume (Tons) Analysis, 2017 to 2021
- 5.2. Current and Future Market Volume (Tons) Projections, 2022 to 2032
- 5.3. Y-o-Y Growth Trend Analysis
- 6. Global Market - Pricing Analysis
- 6.1. Regional Pricing Analysis By Product Type
- 6.2. Global Average Pricing Analysis Benchmark
- 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
- 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis
- 8. Market Background
- 8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global GDP Growth Outlook
- 8.1.3. Global Chemical Industry Overview
- 8.1.4. Global Furniture Industry Outlook
- 8.1.5. Global Automotive Production
- 8.1.6. Global Building & Construction Sector Overview
- 8.1.7. Industry Value-Added Factors
- 8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. GDP Growth forecast
- 8.2.3. Manufacturing Industry forecast
- 8.2.4. Urbanization Growth Outlook
- 8.2.5. Demand for High-Performance Adhesives
- 8.2.6. Demand from Furniture Industry
- 8.2.7. Growth of the Construction sector
- 8.2.8. Demand from Agricultural Sector
- 8.2.9. Other Forecast Factors
- 8.3. Value Chain Analysis
- 8.3.1. List of Raw Material Suppliers
- 8.3.2. List of Product Manufacturers
- 8.3.3. List of Distributors
- 8.3.4. List of End-Users
- 8.3.5. Average Margins
- 8.4. COVID-19 Crisis - Impact Assessment
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
- 8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
- 8.6. Global Supply Demand Analysis
- 8.7. Porters Five Forces Analysis
- 8.8. PEST analysis
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Million) and Volume Analysis By Form, 2017 to 2021
- 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Form, 2022 to 2032
- 9.3.1. Liquid
- 9.3.2. Powder
- 9.3.3. Solid
- 9.4. Market Attractiveness Analysis By Form
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Million) and Volume Analysis By End-Use, 2017 to 2021
- 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-Use, 2022 to 2032
- 10.3.1. Furniture
- 10.3.1.1. Plywood
- 10.3.1.2. Laminates
- 10.3.1.3. Particle Board
- 10.3.1.4. Wood Adhesives
- 10.3.1.5. Medium Density Fiberboard
- 10.3.2. Automotive
- 10.3.2.1. Decorative Laminates
- 10.3.2.2. Plywood
- 10.3.2.3. Molding Compounds
- 10.3.2.4. Abrasives
- 10.3.2.5. Tires
- 10.3.3. Electrical Appliances
- 10.3.3.1. Electronic Adhesives
- 10.3.3.2. Coatings
- 10.3.3.3. Molding Compounds
- 10.3.3.4. Plywood
- 10.3.4. Agriculture
- 10.3.5. Building and Construction
- 10.3.5.1. Plywood
- 10.3.5.2. Particle Board
- 10.3.5.3. Wood Adhesives
- 10.3.5.4. Roofing
- 10.3.5.5. Foundry sand molds
- 10.3.6. Textile
- 10.3.6.1. Wrinkle-Resistant fabrics
- 10.3.6.2. Cotton Blends
- 10.3.7. Others (Paper, Paints, Surface Coatings)
- 10.4. Market Attractiveness Analysis By End-Use
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. Introduction
- 11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021
- 11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032
- 11.3.1. North America
- 11.3.2. Latin America
- 11.3.3. Europe
- 11.3.4. East Asia
- 11.3.5. South Asia and Pacific
- 11.3.6. Middle East and Africa
- 11.4. Market Attractiveness Analysis By Region
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 12.1. Introduction
- 12.2. Pricing Analysis
- 12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
- 12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
- 12.4.1. By Country
- 12.4.1.1. USA
- 12.4.1.2. Canada
- 12.4.2. By Form
- 12.4.3. By End-Use
- 12.5. Market Attractiveness Analysis
- 12.5.1. By Country
- 12.5.2. By Form
- 12.5.3. By End-Use
- 12.6. Market Trends
- 12.7. Drivers and Restraints - Impact Analysis
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13.1. Introduction
- 13.2. Pricing Analysis
- 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
- 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
- 13.4.1. By Country
- 13.4.1.1. Brazil
- 13.4.1.2. Mexico
- 13.4.1.3. Rest of Latin America
- 13.4.2. By Form
- 13.4.3. By End-Use
- 13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Form
- 13.5.3. By End-Use
- 13.6. Market Trends
- 13.7. Drivers and Restraints - Impact Analysis
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14.1. Introduction
- 14.2. Pricing Analysis
- 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
- 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
- 14.4.1. By Country
- 14.4.1.1. Germany
- 14.4.1.2. Italy
- 14.4.1.3. France
- 14.4.1.4. United Kingdom
- 14.4.1.5. Spain
- 14.4.1.6. BENELUX
- 14.4.1.7. Russia
- 14.4.1.8. Rest of Europe
- 14.4.2. By Form
- 14.4.3. By End-Use
- 14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Form
- 14.5.3. By End-Use
- 14.6. Market Trends
- 14.7. Drivers and Restraints - Impact Analysis
- 15. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15.1. Introduction
- 15.2. Pricing Analysis
- 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
- 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
- 15.4.1. By Country
- 15.4.1.1. India
- 15.4.1.2. ASEAN
- 15.4.1.3. Oceania
- 15.4.1.4. Rest of South Asia & Pacific
- 15.4.2. By Form
- 15.4.3. By End-Use
- 15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Form
- 15.5.3. By End-Use
- 15.6. Market Trends
- 15.7. Drivers and Restraints - Impact Analysis
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16.1. Introduction
- 16.2. Pricing Analysis
- 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
- 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
- 16.4.1. By Country
- 16.4.1.1. China
- 16.4.1.2. Japan
- 16.4.1.3. South Korea
- 16.4.2. By Form
- 16.4.3. By End-Use
- 16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Form
- 16.5.3. By End-Use
- 16.6. Market Trends
- 16.7. Drivers and Restraints - Impact Analysis
- 17. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17.1. Introduction
- 17.2. Pricing Analysis
- 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
- 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
- 17.4.1. By Country
- 17.4.1.1. GCC Countries
- 17.4.1.2. Turkey
- 17.4.1.3. Northern Africa
- 17.4.1.4. South Africa
- 17.4.1.5. Rest of Middle East and Africa
- 17.4.2. By Form
- 17.4.3. By End-Use
- 17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Form
- 17.5.3. By End-Use
- 17.6. Market Trends
- 17.7. Drivers and Restraints - Impact Analysis
- 18. Country-Wise Market Analysis
- 18.1. Introduction
- 18.2. USA Market Analysis
- 18.2.1. By Form
- 18.2.2. By End-Use
- 18.3. Canada Market Analysis
- 18.3.1. By Form
- 18.3.2. By End-Use
- 18.4. Mexico Market Analysis
- 18.4.1. By Form
- 18.4.2. By End-Use
- 18.5. Brazil Market Analysis
- 18.5.1. By Form
- 18.5.2. By End-Use
- 18.6. Germany Market Analysis
- 18.6.1. By Form
- 18.6.2. By End-Use
- 18.7. Italy Market Analysis
- 18.7.1. By Form
- 18.7.2. By End-Use
- 18.8. France Market Analysis
- 18.8.1. By Form
- 18.8.2. By End-Use
- 18.9. United Kingdom Market Analysis
- 18.9.1. By Form
- 18.9.2. By End-Use
- 18.10. Spain Market Analysis
- 18.10.1. By Form
- 18.10.2. By End-Use
- 18.11. Russia Market Analysis
- 18.11.1. By Form
- 18.11.2. By End-Use
- 18.12. China Market Analysis
- 18.12.1. By Form
- 18.12.2. By End-Use
- 18.13. Japan Market Analysis
- 18.13.1. By Form
- 18.13.2. By End-Use
- 18.14. S. Korea Market Analysis
- 18.14.1. By Form
- 18.14.2. By End-Use
- 18.15. India Market Analysis
- 18.15.1. By Form
- 18.15.2. By End-Use
- 18.16. ASEAN Market Analysis
- 18.16.1. By Form
- 18.16.2. By End-Use
- 18.17. Australia and New Zealand Market Analysis
- 18.17.1. By Form
- 18.17.2. By End-Use
- 18.18. Turkey Market Analysis
- 18.18.1. By Form
- 18.18.2. By End-Use
- 18.19. South Africa Market Analysis
- 18.19.1. By Form
- 18.19.2. By End-Use
- 19. Market Structure Analysis
- 19.1. Market Analysis by Tier of Companies (Urea Formaldehyde)
- 19.2. Market Share Analysis of Top Players
- 19.3. Apparent Production Capacities of Key Players
- 19.4. Market Presence Analysis
- 19.4.1. By Regional Footprint
- 20. Competition Analysis
- 20.1. Competition Dashboard
- 20.2. Competition Benchmarking
- 20.3. Competition Deep Dive
- 20.3.1. BASF SE
- 20.3.1.1. Overview
- 20.3.1.2. Product Portfolio
- 20.3.1.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.1.4. Sales Footprint
- 20.3.1.5. Strategy Overview
- 20.3.2. Hexion, Inc.
- 20.3.2.1. Overview
- 20.3.2.2. Product Portfolio
- 20.3.2.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.2.4. Sales Footprint
- 20.3.2.5. Strategy Overview
- 20.3.3. Hexzachem Sarawak Sdn Bhd
- 20.3.3.1. Overview
- 20.3.3.2. Product Portfolio
- 20.3.3.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.3.4. Sales Footprint
- 20.3.3.5. Strategy Overview
- 20.3.4. Bakelite Synthetics
- 20.3.4.1. Overview
- 20.3.4.2. Product Portfolio
- 20.3.4.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.4.4. Sales Footprint
- 20.3.4.5. Strategy Overview
- 20.3.5. Acron PJSC
- 20.3.5.1. Overview
- 20.3.5.2. Product Portfolio
- 20.3.5.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.5.4. Sales Footprint
- 20.3.5.5. Strategy Overview
- 20.3.6. Asta Chemicals
- 20.3.6.1. Overview
- 20.3.6.2. Product Portfolio
- 20.3.6.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.6.4. Sales Footprint
- 20.3.6.5. Strategy Overview
- 20.3.7. ARCL Organics Ltd.
- 20.3.7.1. Overview
- 20.3.7.2. Product Portfolio
- 20.3.7.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.7.4. Sales Footprint
- 20.3.7.5. Strategy Overview
- 20.3.8. Capital Resin Corporation
- 20.3.8.1. Overview
- 20.3.8.2. Product Portfolio
- 20.3.8.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.8.4. Sales Footprint
- 20.3.8.5. Strategy Overview
- 20.3.9. Biqem
- 20.3.9.1. Overview
- 20.3.9.2. Product Portfolio
- 20.3.9.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.9.4. Sales Footprint
- 20.3.9.5. Strategy Overview
- 20.3.10. Metadynea
- 20.3.10.1. Overview
- 20.3.10.2. Product Portfolio
- 20.3.10.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.10.4. Sales Footprint
- 20.3.10.5. Strategy Overview
- 20.3.11. Advachem SA
- 20.3.11.1. Overview
- 20.3.11.2. Product Portfolio
- 20.3.11.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.11.4. Sales Footprint
- 20.3.11.5. Strategy Overview
- 20.3.12. Kronoplus Limited
- 20.3.12.1. Overview
- 20.3.12.2. Product Portfolio
- 20.3.12.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.12.4. Sales Footprint
- 20.3.12.5. Strategy Overview
- 20.3.13. Foresa
- 20.3.13.1. Overview
- 20.3.13.2. Product Portfolio
- 20.3.13.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.13.4. Sales Footprint
- 20.3.13.5. Strategy Overview
- 20.3.14. Sadepan
- 20.3.14.1. Overview
- 20.3.14.2. Product Portfolio
- 20.3.14.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.14.4. Sales Footprint
- 20.3.14.5. Strategy Overview
- 20.3.15. Siva Chemical Industries
- 20.3.15.1. Overview
- 20.3.15.2. Product Portfolio
- 20.3.15.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.15.4. Sales Footprint
- 20.3.15.5. Strategy Overview
- 20.3.16. Foremark Performance Chemicals Inc.
- 20.3.16.1. Overview
- 20.3.16.2. Product Portfolio
- 20.3.16.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.16.4. Sales Footprint
- 20.3.16.5. Strategy Overview
- 20.3.17. LRBG Chemicals
- 20.3.17.1. Overview
- 20.3.17.2. Product Portfolio
- 20.3.17.3. Profitability by Market Segments (Product/Channel/Region)
- 20.3.17.4. Sales Footprint
- 20.3.17.5. Strategy Overview
- 21. Primary Survey Analysis
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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