Los Angeles, CA -- (SBWIRE) -- 06/25/2019 -- Urea-formaldehyde is a non-transparent thermosetting resin or polymer. It is produced from urea and formaldehyde. These resins are used in adhesives, finishes, particle board, MDF, and molded objects. UF and related amino resins are a class of thermosetting resins of which urea-formaldehyde resins make up 80% produced globally. Examples of amino resins use include in automobile tires to improve the bonding of rubber to tire cord, in paper for improving tear strength, in molding electrical devices, jar caps, etc.
Growth in the automotive industry and increasing demand for electrical & electronics products are driving the global market for flat glass. However, the harmful and toxic effects of formaldehyde resins act as a roadblock to the market growth.
The demand for good quality and economically viable adhesives and resins is expected to fuel the market of urea formaldehyde. Challenges include government legislation promoting sustainable products in lieu of UF adhesives and resins.
The global Urea Formaldehyde market was 8390 million US$ in 2018 and is expected to 12800 million US$ by the end of 2025, growing at a CAGR of 5.4% between 2019 and 2025.
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This report studies the Urea Formaldehyde market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Urea Formaldehyde in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
ARCL Organics
BASF
Hexion
INEOS
MRI
Borealis
Chemiplastica
Chimica Pomponesco
Georgia-Pacific Chemicals
HEXZA
Kronospan
By the product type, the market is primarily split into
Urea Formaldehyde Resin Power
Urea Formaldehyde Resin Solution
By the end users/application, this report covers the following segments
Particle Boards
Plywood
Adhesives and Coatings
Decorative Laminates
Molding Compounds
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