Urea Formaldehyde Market by Application (Particle Board, Plywood, Adhesives, Moulding Compounds, Others), End User Industry, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025
Published On: May 2019
 
Report ID:385954
 
 
Pages: N/A




Global urea formaldehyde market is expected to reach USD XX.XX Million by 2025, at a CAGR of X.XX% from 2018 to 2025. Growing demand from the end user industries such as automotive, electrical & electronics are driving the global urea formaldehyde market.

Market Overview:

Urea formaldehyde is a synthetic resin obtained by the chemical combination of urea and formaldehyde. It is a non-transparent thermosetting resin.  Urea formaldehyde exhibits various superior properties such as high tensile strength, flexural modulus, scratch resistance, high heat distortion temperature, low water absorption, mold shrinkage, high surface hardness, elongation at break, and volume resistance. These resins are widely utilized the production of adhesives, finishes, particle board, medium-density fiberboard (MDF), and molded objects. It is also used as a source of nitrogen fertilizer in the agriculture industry.

Report Description:

  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The global urea formaldehyde market is analysed on the basis of value (USD Million), volume (Kilotons), consumption (Kilotons), imports (Kilotons) and exports (Kilotons).
  • The study delivers a comprehensive analysis of global urea formaldehyde market by application, end user industry and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global urea formaldehyde market. This report incorporates the industry analysis which is focused on providing an extensive view of the urea formaldehyde market.
  • The study also includes attractiveness analysis of application, end user industry and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the urea formaldehyde market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:                                   

Drivers:

  • Growing demand form the automotive sector
  • Rapid growth of the electrical and electronics manufacturing sector

Restrains:

  • Increasing restrictions on the use of urea formaldehyde resins
  • Implementation of government legislation promoting sustainable products instead of urea formaldehyde resin

Opportunities:

  • Growing demand from the Asia Pacific region
  • Development of low VOC emission urea formaldehyde resins

Challenges:

  • Environmental regulations on the urea formaldehyde manufacturing process

Global Urea Formaldehyde Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global urea formaldehyde market has been segmented on the basis of application, end user industry and regions.

  • Application segment is divided into particle board, plywood, adhesives, moulding compounds, roofing mats and others.  Particle board segment emerged as the largest application segment in the global urea formaldehyde market with a 46.83% share of the market revenue in 2017. Particle boards are in increasing demand form furniture manufacturing industry due to their easy availability, low cost, and excellent thermal property. Adhesives segment also accounted for a significant market share in 2017. Urea formaldehyde adhesive glues are widely used in the aircraft industry for joining the plywood and wooden aircraft structures.
  • End user industry is segmented into automotive, furniture, electrical and electronics, building & construction, agriculture and others. Furniture segment emerged as the largest segment for the largest share of global urea formaldehyde market with a 39.52% share of the market revenue in 2017. Growing use of urea formaldehyde for the production of MDF in doors, window boards, shelving, furniture panels, wall linings, baseboards, and decorative facades was responsible for this increased share. Automotive segment is also anticipated to grow at a robust pace over the forecast period. Increasing worldwide automobiles sales is driving this rise in demand.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region emerged as the largest market for the urea formaldehyde with a 34.82% share of the market revenue in 2017.

  • High per capita income levels and living standards in the region are generating an increased demand for the household furniture. Additionally rise in development of the office spaces as well as reconstruction and renovation of the existing housing structures is driving the market growth within the North America region.
  •  Asia Pacific region is anticipated to grow at the highest CAGR of X.XX% over the forecast period. This increased growth can be attributed to the rapid growth of the automobile, furniture and electrical & electronics manufacturing industry in the region.

Global Urea Formaldehyde Market Competitive Analysis:

Key players in the global urea formaldehyde market are BASF SE, The Dow Chemical Company, Ashland Inc., DuPont, Kronospan Ltd., Advachem SA, Bayer, SABIC, INEOS Group, Foresa, Georgia-Pacific Chemicals LLC, Hexion Inc., Rayonier Advanced Materials., SAFCO, Eastman Chemicals, Lanxess among others. To effectively tackle the competition in the market and to streamline the production process, major firms are focusing on consolidating their different verticals. For instance BASF SE in 2016, announced the decision to combine marketing and production of its wood binder business based on MDI, urea formaldehyde and melamine formaldehyde into a single unit from January 2016.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global urea formaldehyde market on the basis of below mentioned segments:

Global Urea Formaldehyde Market by Application:

  • Particle Board
  • Plywood
  • Adhesives
  • Moulding Compounds
  • Roofing Mats
  • Others

Global Urea Formaldehyde Market by End User Industry:

  • Automotive
  • Furniture
  • Electrical And Electronics
  • Building & Construction
  • Agriculture
  • Others

Global Urea Formaldehyde Market by Region:

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Sweden
  • Netherlands
  • U.K.
  • Italy
  • Spain
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
  • The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of the Middle East and Africa

1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market Attractiveness Analysis By Application
        4.3.2. Market Attractiveness Analysis By End User Industry
        4.3.3. Market Attractiveness Analysis By Region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Growing demand form the automotive sector
        5.2.2. Rapid growth of the electrical and electronics manufacturing sector
   5.3. Restraints
        5.3.1. Increasing restrictions on the use of urea formaldehyde resins
        5.3.2. Implementation of government legislation promoting sustainable products instead of urea formaldehyde resin
   5.4. Opportunities
        5.4.1. Growing demand from the Asia Pacific region
        5.4.2. Development of low VOC emission urea formaldehyde resins
   5.5. Challenges
        5.5.1. Environmental regulations on the urea formaldehyde manufacturing process

6. Global Urea Formaldehyde Market Analysis and Forecast, By Application
   6.1. Segment Overview
   6.2. Particle Board
   6.3. Plywood
   6.4. Adhesives
   6.5. Moulding Compounds
   6.6. Roofing Mats
   6.7. Others

7. Global Urea Formaldehyde Market Analysis and Forecast, By End User Industry
   7.1. Segment Overview
   7.2. Automotive
   7.3. Furniture
   7.4. Electrical And Electronics
   7.5. Building & Construction
   7.6. Agriculture
   7.7. Others

8. Global Urea Formaldehyde Market Analysis and Forecast, By Regional Analysis
   8.1. Segment Overview
   8.2. North America
        8.2.1. U.S.
        8.2.2. Canada
        8.2.3. Mexico
   8.3. Europe
        8.3.1. Germany
        8.3.2. France
        8.3.3. Sweden
        8.3.4. Netherlands
        8.3.5. U.K.
        8.3.6. Italy
        8.3.7. Spain
        8.3.8. Turkey
        8.3.9. Switzerland
        8.3.10. Belgium
        8.3.11. Rest of Europe
   8.4. Asia-Pacific
        8.4.1. Japan
        8.4.2. China
        8.4.3. India
        8.4.4. South Korea
        8.4.5. Australia
        8.4.6. Singapore
        8.4.7. Malaysia
        8.4.8. Thailand
        8.4.9. Indonesia
        8.4.10. Philippines
        8.4.11. Rest of Asia-Pacific
   8.5. South America
        8.5.1. Brazil
        8.5.2. Argentina
        8.5.3. Colombia
        8.5.4. Rest of South America
   8.6. Middle East and Africa
        8.6.1. Saudi Arabia
        8.6.2. UAE
        8.6.3. Egypt
        8.6.4. Nigeria
        8.6.5. South Africa
        8.6.6. Rest of  Middle East and Africa

9. Global Urea Formaldehyde Market-Competitive Landscape
   9.1. Overview
   9.2. Market Share of Key Players in the Urea Formaldehyde Market
        9.2.1. Global Company Market Share
        9.2.2. North America Company Market Share
        9.2.3. Europe Company Market Share
        9.2.4. APAC Company Market Share
   9.3. Competitive Situations and Trends
        9.3.1. Product Launches and Developments
        9.3.2. Partnerships, Collaborations, and Agreements
        9.3.3. Mergers & Acquisitions
        9.3.4. Expansions

10. Company Profiles
   10.1. BASF SE
        10.1.1. Business Overview
        10.1.2. Company Snapshot
        10.1.3. Company Market Share Analysis
        10.1.4. Company Product Portfolio
        10.1.5. Recent Developments
        10.1.6. SWOT Analysis
   10.2. The Dow Chemical Company
        10.2.1. Business Overview
        10.2.2. Company Snapshot
        10.2.3. Company Market Share Analysis
        10.2.4. Company Product Portfolio
        10.2.5. Recent Developments
        10.2.6. SWOT Analysis
   10.3. Ashland Inc
        10.3.1. Business Overview
        10.3.2. Company Snapshot
        10.3.3. Company Market Share Analysis
        10.3.4. Company Product Portfolio
        10.3.5. Recent Developments
        10.3.6. SWOT Analysis
   10.4. DuPont
        10.4.1. Business Overview
        10.4.2. Company Snapshot
        10.4.3. Company Market Share Analysis
        10.4.4. Company Product Portfolio
        10.4.5. Recent Developments
        10.4.6. SWOT Analysis
   10.5. Kronospan Ltd
        10.5.1. Business Overview
        10.5.2. Company Snapshot
        10.5.3. Company Market Share Analysis
        10.5.4. Company Product Portfolio
        10.5.5. Recent Developments
        10.5.6. SWOT Analysis
   10.6. Advachem SA
        10.6.1. Business Overview
        10.6.2. Company Snapshot
        10.6.3. Company Market Share Analysis
        10.6.4. Company Product Portfolio
        10.6.5. Recent Developments
        10.6.6. SWOT Analysis
   10.7. Bayer
        10.7.1. Business Overview
        10.7.2. Company Snapshot
        10.7.3. Company Market Share Analysis
        10.7.4. Company Product Portfolio
        10.7.5. Recent Developments
        10.7.6. SWOT Analysis
   10.8. SABIC
        10.8.1. Business Overview
        10.8.2. Company Snapshot
        10.8.3. Company Market Share Analysis
        10.8.4. Company Product Portfolio
        10.8.5. Recent Developments
        10.8.6. SWOT Analysis
   10.9. INEOS Group
        10.9.1. Business Overview
        10.9.2. Company Snapshot
        10.9.3. Company Market Share Analysis
        10.9.4. Company Product Portfolio
        10.9.5. Recent Developments
        10.9.6. SWOT Analysis
   10.10. Foresa
        10.10.1. Business Overview
        10.10.2. Company Snapshot
        10.10.3. Company Market Share Analysis
        10.10.4. Company Product Portfolio
        10.10.5. Recent Developments
        10.10.6. SWOT Analysis
   10.11. Georgia-Pacific Chemicals LLC
        10.11.1. Business Overview
        10.11.2. Company Snapshot
        10.11.3. Company Market Share Analysis
        10.11.4. Company Product Portfolio
        10.11.5. Recent Developments
        10.11.6. SWOT Analysis
   10.12. Hexion Inc
        10.12.1. Business Overview
        10.12.2. Company Snapshot
        10.12.3. Company Market Share Analysis
        10.12.4. Company Product Portfolio
        10.12.5. Recent Developments
        10.12.6. SWOT Analysis
   10.13. Rayonier Advanced Materials
        10.13.1. Business Overview
        10.13.2. Company Snapshot
        10.13.3. Company Market Share Analysis
        10.13.4. Company Product Portfolio
        10.13.5. Recent Developments
        10.13.6. SWOT Analysis
   10.14. SAFCO
        10.14.1. Business Overview
        10.14.2. Company Snapshot
        10.14.3. Company Market Share Analysis
        10.14.4. Company Product Portfolio
        10.14.5. Recent Developments
        10.14.6. SWOT Analysis
   10.15. Eastman Chemicals
        10.15.1. Business Overview
        10.15.2. Company Snapshot
        10.15.3. Company Market Share Analysis
        10.15.4. Company Product Portfolio
        10.15.5. Recent Developments
        10.15.6. SWOT Analysis

 


List of Figures 

1. Global Urea Formaldehyde Market Segmentation

2. Urea Formaldehyde Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Urea Formaldehyde Market Attractiveness Analysis By Application

9. Global Urea Formaldehyde Market Attractiveness Analysis By End User Industry

10. Global Urea Formaldehyde Market Attractiveness Analysis By Region

11. Global Urea Formaldehyde Market: Dynamics

12. Global Urea Formaldehyde Market Share By Application (2017 & 2025)

13. Global Urea Formaldehyde Market Share By End User Industry (2017 & 2025)

14. Global Urea Formaldehyde Market Share By Regions (2017 & 2025)

15. Global Urea Formaldehyde Market Share By Company (2018)


List of Table

1. Global Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

2. Global Particle Board Urea Formaldehyde Market, Region, 2015–2025 (USD Million) (Kilotons)

3. Global Plywood  Urea Formaldehyde Market, Region, 2015–2025 (USD Million) (Kilotons)

4. Global Adhesives  Urea Formaldehyde Market, Region, 2015–2025 (USD Million) (Kilotons)

5. Global Moulding Compounds Urea Formaldehyde Market, Region, 2015–2025 (USD Million) (Kilotons)

6. Global Roofing Mats Urea Formaldehyde Market, Region, 2015–2025 (USD Million) (Kilotons)

7. Global Others Urea Formaldehyde Market, Region, 2015–2025 (USD Million) (Kilotons)

8. Global Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

9. Global Automotive Urea Formaldehyde Market, By Region, 2015–2025 (USD Million) (Kilotons)

10. Global Furniture Urea Formaldehyde Market, By Region, 2015–2025 (USD Million) (Kilotons)

11. Global Electricals and Electronics Urea Formaldehyde Market, By Region, 2015–2025 (USD Million) (Kilotons)

12. Global Building & Construction Urea Formaldehyde Market, By Region, 2015–2025 (USD Million) (Kilotons)

13. Global Agriculture Urea Formaldehyde Market, By Region, 2015–2025 (USD Million) (Kilotons)

14. Global Others Urea Formaldehyde Market, By Region, 2015–2025 (USD Million) (Kilotons)

15. Global Urea Formaldehyde Market, By Region, 2015–2025 (USD Million) (Kilotons)

16. North America Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

17. North America Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

18. U.S. Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

19. U.S. Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

20. Canada Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

21. Canada Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

22. Mexico Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

23. Mexico Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

24. Europe Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

25. Europe Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

26. Germany Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

27. Germany Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

28. France Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

29. France Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

30. Sweden Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

31. Sweden Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

32. Netherlands Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

33. Netherlands Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

34. U.K. Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

35. U.K. Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

36. Italy Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

37. Italy Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

38. Spain Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

39. Spain Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

40. Turkey Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

41. Turkey Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

42. Switzerland Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

43. Switzerland Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

44. Belgium Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

45. Belgium Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

46. Asia Pacific Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

47. Asia Pacific Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

48. Japan Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

49. Japan Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

50. China Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

51. China Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

52. India Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

53. India Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

54. South Korea Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

55. South Korea Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

56. Australia Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

57. Australia Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

58. Singapore Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

59. Singapore Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

60. Malaysia Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

61. Malaysia Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

62. Thailand Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

63. Thailand Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

64. Indonesia Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

65. Indonesia Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

66. Philippines Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

67. Philippines Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

68. South America Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

69. South America Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

70. Brazil Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons) 

71. Brazil Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

72. Argentina Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

73. Argentina Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

74. Colombia Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

75. Colombia Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

76. Middle East and Africa Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

77. Middle East and Africa Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

78. Saudi Arabia Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

79. Saudi Arabia Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

80. UAE Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

81. UAE Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

82. Egypt Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

83. Egypt Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons) 

84. Nigeria Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

85. Nigeria Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)

86. South Africa Urea Formaldehyde Market, By Application, 2015–2025 (USD Million) (Kilotons)

87. South Africa Urea Formaldehyde Market, By End User Industry, 2015–2025 (USD Million) (Kilotons)



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