The global Urea Formaldehyde market was valued at US$ 8135.9 million in 2022 and is projected to reach US$ 11590 million by 2029, at a CAGR of 5.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for Urea Formaldehyde, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Urea Formaldehyde. This report contains market size and forecasts of Urea Formaldehyde in global, including the following market information:
- Global Urea Formaldehyde Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Urea Formaldehyde Market Sales, 2018-2023, 2024-2032, (K MT)
- Global top five Urea Formaldehyde companies in 2022 (%)
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Urea Formaldehyde manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Urea Formaldehyde Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global Urea Formaldehyde Market Segment Percentages, by Type, 2022 (%)
- Urea Formaldehyde Resin Power
- Urea Formaldehyde Resin Solution
Global Urea Formaldehyde Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global Urea Formaldehyde Market Segment Percentages, by Application, 2022 (%)
- Building and Construction
- Furniture
- Automotive and Transportation
- Electrical & Electronics
- Others
Global Urea Formaldehyde Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global Urea Formaldehyde Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Urea Formaldehyde revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Urea Formaldehyde revenues share in global market, 2022 (%)
- Key companies Urea Formaldehyde sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Urea Formaldehyde sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Hexion
- Advachem
- Metadynea
- Allnex
- Dynea
- Kronospan
- Mitisuichem
- Hexza
- BASF
- INEOS Group
- Chemiplastica
- GP Chem
- Tembec
- Ercros
- Foresa
- Jilin Forest
- Sanmu
- Yuntianhua
- Huasen
- Gaoxing Muye
- Yuanye
- Senbang
- Bosson
Outline of Major Chapters:
Chapter 1: Introduces the definition of Urea Formaldehyde, market overview.
Chapter 2: Global Urea Formaldehyde market size in revenue and volume.
Chapter 3: Detailed analysis of Urea Formaldehyde manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Urea Formaldehyde in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Urea Formaldehyde capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
