Urea Formaldehyde Resin Market Report 2018 - Global Trends, Forecast and Competitive Analysis to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 8, 2018--The “Urea Formaldehyde Resin Market Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global urea formaldehyde resin market is expected to reach an estimated $11.7 billion by 2023 with a CAGR of 4.1% from 2018 to 2023.
The future in the global urea formaldehyde resin market looks promising with opportunities in the furniture, building and construction, transportation, and electrical & electronics industries. The major growth drivers in this market are increasing demand for low cost, highly reactive binders for medium density fiber board, plywood, and particle board in the furniture, building, and construction industries. Emerging trends, which have a direct impact on the dynamics of the urea formaldehyde resin industry, include development of scavenger technology to reduce the VOC content.
The report forecasts that medium density fiberboard will remain the largest application by value and volume over the forecast period because of growing demand for MDF in doors, window boards, shelving, furniture panels, wall linings, baseboards, moldings, and decorative facades. The researcher predicts that the plywood application segment will witness the highest growth during the forecast period due to growing home renovation activities and increase in new residential and commercial construction.
Within this market, furniture will remain the largest end use industry by value and volume due to changing lifestyle, increase in consumer purchasing power, and growing interest in home decoration. Building and construction are expected to witness the highest growth due to growing population and increasing urbanization.
Asia Pacific is expected to remain the largest region by value and volume; this region is also expected to experience the highest growth over the forecast period due to growth in building and construction activities and increasing production of automotive and appliances.
Scope of the Report
Urea Formaldehyde Resin Market by Application (Volume (Million Pounds) and $M shipment analysis for 2012 - 2023):Medium density fiber board Plywood Particle board Adhesives Molding compounds Others
Urea Formaldehyde Resin Market by End Use Industry (Volume (Million Pounds) and $M shipment analysis for 2012 - 2023):Furniture Building and Construction Transportation Electrical and Electronics Others
Some of the urea formaldehyde resin companies profiled in this report include:Advachem SA Ashland BASF Corporation Foresa Georgia-Pacific Chemicals LLC Hexion Inc. INEOS Kronospan Ltd. Rayonier Advanced Materials. SAFCO
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2012 to 2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/research/k29pnx/urea_formaldehyde?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181108005624/en/
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Related Topics:Plastic Resins,Oilfield Chemicals
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/08/2018 10:52 AM/DISC: 11/08/2018 10:52 AM