Pune, India -- (SBWire) -- 08/28/2019 --Global Formaldehyde Resin Market overview:

The Formaldehyde Resin Market is expected to witness sustained growth over the forecast period (2019-2023). The growth of the Formaldehyde Resin market is driven as there is favourable growth in the industry is a major factor which will boost the global Formaldehyde Resin Market.

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Formaldehyde resin may refer to Melamine formaldehyde (MF), Urea-formaldehyde (UF), Phenol formaldehyde (PF). Melamine resin or melamine formaldehyde (also shortened to melamine) is a resin with melamine rings terminated with multiple hydroxyl groups derived from formaldehyde. This thermosetting plastic material is made from melamine and formaldehyde. Urea-formaldehyde (UF), also known as urea-methanal, so named for its common synthesis pathway and overall structure, is a non-transparent thermosetting resin or polymer. It is produced from urea and formaldehyde. These resins are used in adhesives, finishes, particle board, medium-density fibreboard (MDF), and molded objects. Phenol formaldehyde resins (PF) or phenolic resins are synthetic polymers obtained by the reaction of phenol or substituted phenol with formaldehyde. Used as the basis for Bakelite, PFs were the first commercial synthetic resins (plastics).

The Global Formaldehyde Resin Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Formaldehyde Resin Market is sub segmented into Urea-Formaldehyde (UF) Resins, Melamine-Formaldehyde (MF) Resins, Phenol-Formaldehyde Resins. Based on End Use Industry segment, the Formaldehyde Resin Market is sub segmented into Paints and Varnishes, Industrial Glue, Engineered Wood Products, Composite Panel Products.

Some of the Formaldehyde Resin Market manufacturers involved in the market are BASF, Georgia-Pacific Chemicals, ASK Chemicals, Achema, Shandong Shuangqi Chemical, Pacific Texchem, INDSPEC Chemical, CIECH GROUP, Hexion, Aldehydes India, Hexza Corporation, Acquisitions and effective mergers are some of the strategies adopted by the Formaldehyde Resin Market manufacturers. New product launches and continuous technological innovations are the Formaldehyde Resin Market strategies adopted by the major players.

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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.

Latest Industry Updates:

Hexion :-"We are pleased to begin a new era for Hexion by successfully completing our balance sheet restructuring in an expedited pace," said Craig A. Rogerson, Chairman, President and CEO. "Our new capital structure provides us with a strong financial foundation from which we can sustainably operate and grow our specialty chemical product portfolio. As an appropriately capitalized market leader with substantial free cash flow generation capabilities and a lower interest burden, we are well positioned to leverage our leading market positions, global manufacturing footprint, and specialty portfolio. We appreciate the support of our creditors throughout the process, as well as our valued customers, suppliers and associates."

Mr. Rogerson added: "Second quarter 2019 reflected softer earnings primarily in our base epoxy, Versatic Acids™, and forest product businesses, partially offset by improved specialty epoxy results reflecting positive wind energy demand. Despite softer market conditions in certain end markets, we continue to position the company for a stronger sequential quarter and long-term success, as well as strategically investing in our business, such as our new Application Development Center in Shanghai that is expected to be open by year-end 2019.

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Table of Contents:

Global Formaldehyde Resin Market Report 2019

1 Formaldehyde Resin Definition

2 Global Formaldehyde Resin Market Major Player Share and Market Overview

3 Major Player Formaldehyde Resin Business Introduction

4 Global Formaldehyde Resin Market Segmentation (Region Level)

5 Global Formaldehyde Resin Market Segmentation (Product Type Level)

6 Global Formaldehyde Resin Market Segmentation (Industry Level)

7 Global Formaldehyde Resin Market Segmentation (Channel Level)

8 Formaldehyde Resin Market Forecast 2019-2023

9 Formaldehyde Resin Segmentation Type

10 Formaldehyde Resin Segmentation Industry

11 Formaldehyde Resin Cost Analysis

12 Conclusion

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