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Urea Formaldehyde Resin Market

Urea Formaldehyde Resin Market Analysis - By Application (Medium Density Fiber Board, Plywood, Particle board, Adhesives, Molding compounds & Others), By End-User (Furniture, Building and Construction, Transportation, Electrical and Electronics & Others), By Region (North America (United States & Canada), Europe (United Kingdom, Italy, Germany, Spain, France & Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Australia, New Zealand, Rest of APAC), Latin America (Brazil, Mexico, Argentina & Rest of Latin America), Middle East & Africa) - Global Industry Size, Share, Growth & Forecast | 2019 -2025

  • ID : 1132421792  |  
  • Published : Oct-2019  |  
  • Region : Global  |  
  • Pages : 100   |  
  • Publisher : Research Cosmos

Urea Formaldehyde Resin Market Size, Share, Growth & Forecast (2019 - 2025)

As per the recent report published by Research Cosmos, the size of the Global Urea Formaldehyde Resin Market is expected to be valued at USD xx Billion in 2019 and predicted to achieve a market size of USD xx Billion by 2025 witnessing a CAGR value of xx% from 2019 to 2025.

  • Urea-formaldehyde resin is a non-transparent crosslinked thermoset resin obtained by a chemical combination of urea and formaldehyde. It offers properties such as high tensile strength, flexural modulus, scratch resistance, high heat distortion temperature, low water absorption, mold shrinkage, high surface hardness, elongation at break, and volume resistance urea-formaldehyde resins are used as adhesives in various end-use industries.

  • Urea-formaldehyde resin is used in electrical accessories, adhesives, laminates, and textile finishes. These resins are economically viable compared to other resins such as phenol-formaldehyde resins. This makes it more popular among industries such as textiles, paper, and foundry. It is expected that the urea-formaldehyde resins market will grow at a sustained rate during the forecast period.

Growth Drivers

The global market for the urea-formaldehyde resin is driven by the growing demand for economically viable and good quality adhesives and resins in automotive and electrical equipment. Other drivers of the market include rapid industrialization due to the increase in the standard of living of consumers, an increase in demand for roofing mat application, and growth in demand for wood-based products. The United States and several European countries have promulgated regulations on the use of urea-formaldehyde resins. In addition, the implementation of government legislation that promotes sustainable products instead of urea-formaldehyde resin has a negative impact on the market. As a result, manufacturers must meet strict quality standards before marketing their products, particularly in several developing regions.

Detailed Segmentation of the Global Urea Formaldehyde Resin Market:

Urea Formaldehyde Resin Market – By Application

  • Medium-density fiberboard
  • Plywood
  • Particleboard
  • Adhesives 
  • Molding compounds
  • Others

Urea Formaldehyde Resin Market – By End-User

  • Furniture
  • Building and Construction
  • Transportation 
  • Electrical and Electronics 
  • Others

Urea Formaldehyde Resin Market – By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Geographically, In terms of consumption, North America and Europe dominate the global market. However, Asia-Pacific and Latin America are expected to be the most promising regions in terms of additional opportunities to generate high incomes. However, the high production costs associated with the prolonged economic crisis in the developed regions of Europe have displaced the markets in Asia-Pacific. The improvement of the economy in Malaysia, China, and India, as well as the high GDP growth rate, are driving the urea-formaldehyde market in these countries. There is instability in the Asia-Pacific market, mainly due to non-organized end-use industries in China and India.

Urea Formaldehyde Resin Market - Research Objectives

  • To explain the definition and scope of the research study based on end-user, application, and region.
  • Estimate the current market size and forecast the same for 2017 to 2025
  • Market size breakdown for each of the segments and regions analyzed
  • Insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the analysis period
  • Micro and macro-level analysis of the market to elucidate imminent investment opportunities
  • Porter’s Five forces analysis to deliver a comprehensive buyer-seller scenario and the state of the business environment
  • Identification of the Urea Formaldehyde Resin Market trends in the current scenario as well as growth indicators
  • Benchmarking leading vendors in the Urea Formaldehyde Resin industry based on their strategic attempts, financial status, and other internal and external parameters

Some of the Urea-Formaldehyde Resin Manufacturers Analysed in the report are:

  1. BASF
  2. Georgia Pacific
  3. Rayonier Advanced Material
  4. Hexion
  5. Ashland
  6. Foresa
  7. INEOS
  8. Advachem SA
  9. Kronospan
  10. SAFCO

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  1. Introduction                                                                       
  2. Research Methodology                                                                     

    1. Analysis Design                                               
    2. Research Phases                                                             

      1. Secondary Research                                    
      2. Primary Research                                        
      3. Expert Validation                                         

    3. Study Timeline                                                

  3. Overview                                                                           

    1. Executive Summary                                                        
    2. Key Inferences                                                 
    3. New Developments                                                        

  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                              

    1. Urea Formaldehyde Resin Market Drivers                                                
    2. Urea Formaldehyde Resin Market Restraints                                                           
    3. Key Challenges                                                
    4. Current Opportunities in the Urea Formaldehyde Resin Market                                                             

  5. Urea Formaldehyde Resin Market Segmentation                                                                      

    1. By Application

      1. Medium density fiber board
      2. Plywood
      3. Particle board
      4. Adhesives
      5. Molding compounds
      6. Others
      7. Urea Formaldehyde Resin Market Estimates & Forecasts, by Function, 2018–2023       
      8. Year on Year Growth Rates, by Type, 2018–2023       
      9. Urea Formaldehyde Resin Market Attractiveness Index, by Function, 2018–2023      

    2. By Application

      1. Furniture
      2. Building and Construction
      3. Transportation
      4. Electrical and Electronics
      5. Others
      6. Urea Formaldehyde Resin Market Estimates & Forecasts, by Type, 2018–2023       
      7. Year on Year Growth Rates, by Type, 2018–2023       
      8. Urea Formaldehyde Resin Market Attractiveness Index, by Type, 2018–2023

  6. Geographical Analysis                                                                      

    1. North America Urea Formaldehyde Resin Market                                            

      1. Introduction                                 
      2. United States Urea Formaldehyde Resin Market                                
      3. Canada Urea Formaldehyde Resin Market                                         

    2. Europe Urea Formaldehyde Resin Market                                                      

      1. Introduction                                 
      2. United Kingdom Urea Formaldehyde Resin Market                                            
      3. Germany Urea Formaldehyde Resin Market                                     
      4. France Urea Formaldehyde Resin Market                                         
      5. Italy Urea Formaldehyde Resin Market                             
      6. Spain Urea Formaldehyde Resin Market                                          

    3. Asia-Pacific Urea Formaldehyde Resin Market                                                  

      1. Introduction                                 
      2. China Urea Formaldehyde Resin Market                                         
      3. India Urea Formaldehyde Resin Market                                           
      4. Japan Urea Formaldehyde Resin Market                                          
      5. South Korea Urea Formaldehyde Resin Market                               

    4. Latin America Urea Formaldehyde Resin Market                                                 

      1. Introduction                                 
      2. Brazil Urea Formaldehyde Resin Market                                           
      3. Argentina Urea Formaldehyde Resin Market                                    
      4. Mexico Urea Formaldehyde Resin Market                                        

    5. Middle-East & Africa Urea Formaldehyde Resin Market                                                      

      1. Introduction                                 
      2. Middle-East Urea Formaldehyde Resin Market                                  
      3. Africa Urea Formaldehyde Resin Market                                           

  7. Strategic Analysis                                                              

    1. PESTLE analysis                                               

      1. Political                                         
      2. Economic                                     
      3. Social                                           
      4. Technological                               
      5. Legal                                            
      6. Environmental                                              

    2. Porter’s Five analysis                                                      

      1. Bargaining Power of Suppliers                                    
      2. Bargaining Power of Consumers                                 
      3. Threat of New Entrants                                
      4. Threat of Substitute Products and Services                                
      5. Competitive Rivalry within the Industry            

    3. Supply Chain Analysis

      1. Raw Material Suppliers
      2. Manufacturers/Producers
      3. Distributors/Retailers/Wholesalers/E-Commerce
      4. End Users      

  8. Urea Formaldehyde Resin Market Leaders' Analysis                                                                  

      1. BASF
      2. Product Analysis                                          
      3. Strategic Evaluation and Operations                                           
      4. Financial analysis                                         
      5. Legal issues                                  
      6. Recent Developments                                 
      7. SWOT analysis                                              
      8. Analyst View                                

    1. Georgia Pacific
    2. Rayonier Advanced Material
    3. Hexion
    4. Ashland
    5. Foresa
    6. INEOS
    7. Advachem SA
    8. Kronospan
    9. SAFCO

  9.  Competitive Landscape                                                                     

    1. Urea Formaldehyde Resin Market share analysis                                                    
    2. Merger and Acquisition Analysis                                                    
    3. Agreements, collaborations and Joint Ventures                                                            
    4. New Product Launches                                                    

  10. Expert Opinions                                                               

    1. Urea Formaldehyde Resin Market Outlook                                                             
    2. Investment Opportunities                                                             

  11. Appendix                                                               

    1. List of Tables                                                     
    2. List of Figures                        

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