MARKET INTRODUCTION
Urea-formaldehyde (urea-methanal) is a non-transparent thermosetting resin or polymer. It is produced from urea and formaldehyde. This resin is used in adhesives, plywood, particleboard, medium-density fireboard (MDF) and moulded objects. Urea-formaldehyde can apply to particle boards, plywood, adhesives and coatings, decorative laminates, and moulding compounds. It has massive demand in industries such as furniture, building & construction, transportation, electricals & electronics, others.
MARKET DYNAMICS
The urea-formaldehyde market thrives a massive demand in the wood industry, driving the market. Increasing application in electrical and electronics augments the growth of the urea-formaldehyde market. Urea formaldehyde-based resins and polymers are witnessing growing adoption in manufacturing surface coatings, decorative laminates, moulded automobile components. Although the European government banned urea-formaldehyde use in poultry feed, it can hamper the market growth.
MARKET SCOPE
The "Global Urea Formaldehyde Market Analysis to 2031" is a specialized and in-depth study of chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the urea formaldehyde market with detailed market segmentation by application, and end-use industry. The global urea formaldehyde market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading urea formaldehyde market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global urea formaldehyde market is segmented into application, and end-use industry. Based on application, the global urea formaldehyde market is segmented into particle boards, plywood, adhesives and coatings, decorative laminates, molding compounds, others. By end-use industry, the urea formaldehyde market is classified into furniture, building and construction, transportation, electrical and electronics, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the urea formaldehyde industry, including both qualitative and quantitative information. It provides an overview and forecast of the global urea formaldehyde market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The urea formaldehyde market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the urea formaldehyde market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the urea formaldehyde market in these regions.
MARKET PLAYERS
The report covers vital developments in the urea formaldehyde market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the urea formaldehyde market are anticipated to lucrative growth opportunities in the future with the rising demand for urea formaldehyde in the global market. Below mentioned is the list of few companies engaged in the urea formaldehyde market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the urea formaldehyde market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- BASF SE
- Ashland
- Georgia-Pacific Chemicals
- ACRON
- HEXION
- CHIMICA POMPONESCO S.P.A.
- Polyprom
- METAFRAX CHEMICALS
- ACHEMA
- Asta Chemicals
Urea Formaldehyde Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies
1.BASF SE
2.Ashland
3.Georgia-Pacific Chemicals
4.ACRON
5.HEXICON
6.CHEMICA POMPONESCO S.P.A.
7.Polyprom
8.METAFRAX CHEMICALS
9.ACHEMA
10.Asta Chemicals
1.BASF SE
2.Ashland
3.Georgia-Pacific Chemicals
4.ACRON
5.HEXICON
6.CHEMICA POMPONESCO S.P.A.
7.Polyprom
8.METAFRAX CHEMICALS
9.ACHEMA
10.Asta Chemicals
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