Urea Formaldehyde Market Report by Type (Urea Formaldehyde Powder, Urea Formaldehyde Solution), Application (Particle Board, Medium Density Fibreboard, Plywood, Adhesives and Coatings, Molding Compounds, and Others), End Use Industry (Furniture, Building

Urea Formaldehyde Market Report by Type (Urea Formaldehyde Powder, Urea Formaldehyde Solution), Application (Particle Board, Medium Density Fibreboard, Plywood, Adhesives and Coatings, Molding Compounds, and Others), End Use Industry (Furniture, Building and Construction, Transportation, Electrical and Electronics, and Others), and Region 2024-2032


The global urea formaldehyde market size reached US$ 9.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.

Urea-formaldehyde, also known as urea-methanal, is a non-transparent thermoset synthetic resin obtained from a chemical mixture of urea and formaldehyde. It has high tensile strength, flexural modulus, surface hardness, low water absorption, mold shrinkage, and the ability to withstand high temperatures. It is used as an insulating and adhesive agent in molding electrical devices, such as desk lamps, to prevent electric shocks. Besides this, it is also utilized in manufacturing plastics, particle boards, bottle caps, and foams for creating artificial snow in movies and amusement parks.

Urea Formaldehyde Market Trends:
Urea-formaldehyde foams have good insulating properties and are used as thermal insulators in walls to provide conventional insulation. Thus, the accelerating use of plywood and medium-density fiberboard in construction activities is increasing the use of urea formaldehyde. This, along with the growing global population and consequently increasing construction of residential and commercial buildings, represents one of the key factors positively influencing the market. In addition, urea formaldehyde is used in the agricultural field as a source of slow-release nitrogen fertilizer. It also helps in soil permeability, binding the particles closely, slowing release rates, and promoting the formation of an aggregated soil structure. Apart from this, the increasing use of urea formaldehyde fertilizers degrade in the soil by microbes and breaks down into urea and formaldehyde, where urea is used as a nitrogen source and supports the healthy development of foliage and fruit. Furthermore, the rising use of paper to overcome the environmental impact of plastics is driving the market. The increasing use of this synthetic resin in papermaking enhances the wet strength of paper and minimizes the production of dull sheets. Moreover, the escalating demand for good quality and economically viable adhesives and resins in the automotive and electronics industries is propelling the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global urea formaldehyde market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application, and end use industry.

Breakup by Type:

Urea Formaldehyde Powder
Urea Formaldehyde Solution

Breakup by Application:

Particle Board
Medium Density Fibreboard
Plywood
Adhesives and Coatings
Molding Compounds
Others

Breakup by End Use Industry:

Furniture
Building and Construction
Transportation
Electrical and Electronics
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Achema (Koncernas Achemos Grupe), Acron Group, Asta Chemicals Sdn. Bhd., BASF SE, Borealis AG (OMV AG), Foresa, Gruppo Frati S.p.A, Hexion Inc., Mansoura for Resins & Chemical Industries Co. (MRI), and Metafrax Chemicals.

Key Questions Answered in This Report

1. What was the size of the global urea formaldehyde market in 2023?
2. What is the expected growth rate of the global urea formaldehyde market during 2024-2032?
3. What are the key factors driving the global urea formaldehyde market?
4. What has been the impact of COVID-19 on the global urea formaldehyde market?
5. What is the breakup of the global urea formaldehyde market based on the application?
6. What is the breakup of the global urea formaldehyde market based on the end use industry?
7. What are the key regions in the global urea formaldehyde market?
8. Who are the key players/companies in the global urea formaldehyde market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Urea Formaldehyde Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Urea Formaldehyde Powder
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Urea Formaldehyde Solution
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Particle Board
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Medium Density Fibreboard
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Plywood
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Adhesives and Coatings
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Molding Compounds
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Furniture
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Building and Construction
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Transportation
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Electrical and Electronics
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AB Achema (Koncernas Achemos Grupe)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Acron Group
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Asta Chemicals Sdn. Bhd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 BASF SE
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Borealis AG (OMV AG)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Foresa
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Gruppo Frati S.p.A
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Hexion Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Mansoura for Resins & Chemical Industries Co. (MRI)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Metafrax Chemicals
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio

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