Global Urea Formaldehyde Market 2017-2021

Global urea formaldehyde market analysis

Urea formaldehyde has a long shelf life and is the most preferred resin by manufacturers for longer use. It is easy to use and does not demand quality maintenance. Additionally, it can also be cleaned easily with water and when used as glue with wood, it does not leave behind visible glue lines. Moreover, urea formaldehyde is also not expensive as the other binders. Such advantages will fuel the urea formaldehyde market growth, which according to our industry research and analysis, will grow at a CAGR of almost 7% by 2021.

The increasing demand for furniture will be one of the latest urea formaldehyde market trends that will gain traction in the market during the next four years. Urea formaldehyde and phenol formaldehyde are mainly used as resins or glues since they are effective in the production of exterior wood products. Urea formaldehyde is increasingly used for interior materials that include flooring and paneling. With the growing demand for furniture, the demand for urea formaldehyde will subsequently increase in the coming years.

What's your takeaway?

Technavio's industry research report titled, - Global Urea Formaldehyde Market, will help you-

• Identify latent opportunities and explorative solutions in the urea formaldehyde market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors

The market has the presence of a considerable number of global and local vendors and is competitive. The growing demand for furniture and home appliances offers significant growth opportunities to the vendors in this marketspace. The product portfolio offered by a vendor and applications a vendor caters to are the key factors influencing the competitive edge among the players.

The leading vendors in the market are -

• ARCL Organics
• BASF
• Hexion
• INEOS
• MRI

The other prominent vendors in the market are Ashland, Borealis, Chemiplastica, Chimica Pomponesco, Georgia-Pacific Chemicals, HEXZA, Kronospan, and Tembec.

Segmentation by end-users and analysis of the urea formaldehyde market

• Particle boards
• Plywood
• Adhesives and coatings
• Decorative laminates
• Molding compounds

During 2016, the particle boards segment accounted for the major shares and of this market. This is mainly due to the advantages including easy availability, low cost, and excellent thermal property. Additionally, the growing demand for furniture across the world is also leading to the growth in urea formaldehyde consumption in particle boards and other fiber wood composites.

Geographical segmentation and analysis of the urea formaldehyde market

• APAC
• Europe
• North America
• ROW

This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the market by 2021. The rising demand for housing construction, that is fueling the growth of the furniture market, will be a major factor driving the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global urea formaldehyde market?
• What are the key market trends impacting the growth of the global urea formaldehyde market?
• What are the challenges to market growth?
• Who are the key vendors in the global urea formaldehyde market?
• What are the market opportunities and threats faced by the vendors in the global urea formaldehyde market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global urea formaldehyde market? 

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global urea formaldehyde market provides insights into the significant trends and drivers stimulating the growth of the chemicals and materials industry. Our reports for the chemicals and materials industry also follow a scrupulous data collection methodology and presents an analysis of the dynamically changing market sector like specialty chemicals.

Also, to gain higher accuracy, our market research experts follow an extensive data collection approach and implement uniquely formulated analytic tools. The primary advantage gained from the adoption of this approach is better statistical models and vendor analysis. By considering, the surging demand for multiple segments of the specialty chemicals sector, the industry professionals at Technavio present a complete outlook of the urea formaldehyde market from 2017 to 2021.  

This forthcoming market research report on the urea formaldehyde market also covers vendors like BASF Corporation, Bayer, and SABIC. Furthermore, to present clients with the scope to identify potential market opportunities and expand in niche markets, this report on the urea formaldehyde market also covers geographies like the Americas, APAC, Europe, and the Middle East.

The upcoming industry research report for the urea formaldehyde market also categorizes the prominent drivers, major trends, along with the restraints that the specialty chemicals sector currently experiences. This upcoming report on the urea formaldehyde market presents insights into the rapidly changing vendor landscape to give clients an overview of the forthcoming events within the chemicals and materials industry. Technavio also offers in-depth market assessments into the sectors such as paints, coatings, and pigments and olefins.  

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.