LeapZipBlog: Steve Blade's blog: Urea Formaldehyde Market: Industry Size, Growth Insights, Leading Companies, Types, End Users

Urea Formaldehyde Market: Industry Size, Growth Insights, Leading Companies, Types, End Users

July 19, 2019 by Steve Blade  

The report on urea formaldehyde market is a comprehensive amalgam of highly useful and actionable insights. The Fact.MR report provides an extensive assessment on the urea formaldehyde market, which manifests research on noteworthy dynamics, such as lucrative opportunities, key insights, trends, growth drivers, and restraints for the urea formaldehyde market. The report evaluates the size of the urea formaldehyde market in terms of volume (Kilo Tons) and value (US$ Mn).

Urea formaldehyde sales are highly influenced by increasing demand from the building and construction industry. The growing use of formaldehyde as an important chemical to manufacture building materials and several household products has been identified as a key factor likely to fuel urea formaldehyde market growth. The urea formaldehyde market surpassed 14,000 kilo tons sales in 2018 and will record nearly 4% y-o-y growth in 2019, according to a recent Fact.MR report.

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Table of Content

1. Global Urea-formaldehyde Market - Executive Summary

2. Global Urea-formaldehyde Market Overview
     2.1. Introduction
           2.1.1. Global Urea-formaldehyde Market Taxonomy
           2.1.2. Global Urea-formaldehyde Market Definition
     2.2. Global Urea-formaldehyde Market Size (US$ Mn & Volume) and Forecast, 2013-2027
           2.2.1. Global Urea-formaldehyde Market Y-o-Y Growth
     2.3. Global Urea-formaldehyde Market Dynamics
     2.4. Supply Chain
     2.5. Formaldehyde Production Process Analysis
     2.6. Pricing Analysis 
     2.7. Raw Material Sourcing Strategy and Analysis
     2.8. Global Methanol Market Overview
     2.9. Formaldehyde: Regulatory Framework
     2.10. Global Construction Industry Snapshot
     2.11. Construction Spending Overview
     2.12. Global Construction Sector Overview
     2.13. Key Participants Market Presence (Intensity Map) By Region

3. Global Urea-formaldehyde Market Analysis and Forecast 2013-2027 
     3.1. Global Urea-formaldehyde Market Size and Forecast By, 2013-2027
           3.1.1. Medium density fiber board Market Size and Forecast, 2013-2027
                    3.1.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
                    3.1.1.2. Market Share Comparison, By Region
                    3.1.1.3. Y-o-Y growth Comparison, By Region
           3.1.2. Plywood Market Size and Forecast, 2013-2027
                    3.1.2.1. Revenue (US$ Mn) & Volume Comparison, By Region
                    3.1.2.2. Market Share Comparison, By Region
                    3.1.2.3. Y-o-Y growth Comparison, By Region
           3.1.3. Particle board Market Size and Forecast, 2013-2027
                    3.1.3.1. Revenue (US$ Mn) & Volume Comparison, By Region
                    3.1.3.2. Market Share Comparison, By Region
                    3.1.3.3. Y-o-Y growth Comparison, By Region
           3.1.4. Molding Components Market Size and Forecast, 2013-2027
                    3.1.4.1. Revenue (US$ Mn) & Volume Comparison, By Region
                    3.1.4.2. Market Share Comparison, By Region
                    3.1.4.3. Y-o-Y growth Comparison, By Region

To be Continue................

The Fact.MR study estimates healthy gains from the wood industry, owing to the sustainability benefits of urea formaldehyde resins in wood panel and board products, in terms of forest resource conservation and waste reduction. For example, composite wood panels, such as particleboard, are generally composed of recovered wood waste, which is otherwise disposed of in a landfill. Not only does formaldehyde-based chemistry result into greater utilization of wood, but it helps forming robust, highly durable building materials compared to wood, thereby witnessing high demand from particle board manufacturers.

APEJ Held Over 50% Urea Formaldehyde Sales in 2018

According to Fact.MR study, APEJ held over 50% sales of urea formaldehyde in 2018, and will record a 5.0% Y-o-Y in 2019. The urea formaldehyde market in APEJ continues to remain driven by their bolstering demand in diverse end-use industries, particularly in the construction and building industry. Gains will also be healthy in Europe, on the account of growing adoption of formaldehyde resins by particle board, and medium-density fireboard manufacturing industries in the region.

Key urea formaldehyde manufacturers are focusing on developing and upgrading their products with lower formaldehyde emissions through resin formulation/composition innovation and novel manufacturing techniques. Some of the notable developments in the urea formaldehyde market are,

  • Chemicals giant and a key manufacturer of urea resins and formaldehyde resins, Ineos Group, is building a new chemical plant in Antwerp, Belgium, for the gas-altering facilities at a cost of US $3.42 billion. The hefty investment is expected to change the picture of chemical sector and will offer varied benefits to the Belgium and other European economies.
  • A leading player in urea formaldehyde market, Georgia-Pacific Chemicals LLC, has recently introduced a novel line of resins, specially designed to cater to the needs of the powder coating manufacturers. Earlier, Georgia-Pacific Chemicals LLC created a resin that can help manufacturers offer coatings composed of lower volatile organic compounds (VOC).
  • BASF SE, one of the leading urea formaldehyde manufacturers, is investing Rs. 16,000 crore in setting up a petrochemical production hub in Gujarat, as a part of a joint venture with Adani Group, which is the largest private thermal power producer in India.

Some of the key players operating in the global urea formaldehyde market are BASF SE, Advachem, Ashland Inc., Ineos Group, Georgia-Pacific, Acron Group, Hexion Inc., CHIMICA POMPONESCO S.P.A., OJSV “Perechin timber and chemical plant”, PJSC METAFRAX, Achema, Asta Chemicals Sdn. Bhd., etc. 

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