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PUBLISHER: IMARC | PRODUCT CODE: 1225523
PUBLISHER: IMARC | PRODUCT CODE: 1225523
Urea Formaldehyde Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
- The global urea formaldehyde market size reached US$ 9.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
- Urea-formaldehyde, also known as urea-methanal, is a non-transparent thermoset synthetic resin obtained from a chemical mixture of urea and formaldehyde. It has high tensile strength, flexural modulus, surface hardness, low water absorption, mold shrinkage, and the ability to withstand high temperatures. It is used as an insulating and adhesive agent in molding electrical devices, such as desk lamps, to prevent electric shocks. Besides this, it is also utilized in manufacturing plastics, particle boards, bottle caps, and foams for creating artificial snow in movies and amusement parks.
Urea Formaldehyde Market Trends:
- Urea-formaldehyde foams have good insulating properties and are used as thermal insulators in walls to provide conventional insulation. Thus, the accelerating use of plywood and medium-density fiberboard in construction activities is increasing the use of urea formaldehyde. This, along with the growing global population and consequently increasing construction of residential and commercial buildings, represents one of the key factors positively influencing the market. In addition, urea formaldehyde is used in the agricultural field as a source of slow-release nitrogen fertilizer. It also helps in soil permeability, binding the particles closely, slowing release rates, and promoting the formation of an aggregated soil structure. Apart from this, the increasing use of urea formaldehyde fertilizers degrade in the soil by microbes and breaks down into urea and formaldehyde, where urea is used as a nitrogen source and supports the healthy development of foliage and fruit. Furthermore, the rising use of paper to overcome the environmental impact of plastics is driving the market. The increasing use of this synthetic resin in papermaking enhances the wet strength of paper and minimizes the production of dull sheets. Moreover, the escalating demand for good quality and economically viable adhesives and resins in the automotive and electronics industries is propelling the market growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global urea formaldehyde market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end use industry.
Breakup by Type:
- Urea Formaldehyde Powder
- Urea Formaldehyde Solution
Breakup by Application:
- Particle Board
- Medium Density Fibreboard
- Plywood
- Adhesives and Coatings
- Molding Compounds
- Others
Breakup by End Use Industry:
- Furniture
- Building and Construction
- Transportation
- Electrical and Electronics
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Achema (Koncernas Achemos Grupe), Acron Group, Asta Chemicals Sdn. Bhd., BASF SE, Borealis AG (OMV AG), Foresa, Gruppo Frati S.p.A, Hexion Inc., Mansoura for Resins & Chemical Industries Co. (MRI) and Metafrax Chemicals.
Key Questions Answered in This Report:
- 1. What was the size of the global urea formaldehyde market in 2022?
- 2. What is the expected growth rate of the global urea formaldehyde market during 2023-2028?
- 3. What are the key factors driving the global urea formaldehyde market?
- 4. What has been the impact of COVID-19 on the global urea formaldehyde market?
- 5. What is the breakup of the global urea formaldehyde market based on the application?
- 6. What is the breakup of the global urea formaldehyde market based on the end use industry?
- 7. What are the key regions in the global urea formaldehyde market?
- 8. Who are the key players/companies in the global urea formaldehyde market?
Product Code: SR1423A364_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Urea Formaldehyde Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Urea Formaldehyde Powder
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Urea Formaldehyde Solution
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Particle Board
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Medium Density Fibreboard
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Plywood
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Adhesives and Coatings
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Molding Compounds
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Furniture
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Building and Construction
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Transportation
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Electrical and Electronics
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AB Achema (Koncernas Achemos Grupe)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Acron Group
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Asta Chemicals Sdn. Bhd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 BASF SE
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Borealis AG (OMV AG)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Foresa
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Gruppo Frati S.p.A
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Hexion Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Mansoura for Resins & Chemical Industries Co. (MRI)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Metafrax Chemicals
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.1 AB Achema (Koncernas Achemos Grupe)
Product Code: SR1423A364_Report
List of Figures
- Figure 1: Global: Urea Formaldehyde Market: Major Drivers and Challenges
- Figure 2: Global: Urea Formaldehyde Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Urea Formaldehyde Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Urea Formaldehyde Market: Breakup by Type (in %), 2022
- Figure 5: Global: Urea Formaldehyde Market: Breakup by Application (in %), 2022
- Figure 6: Global: Urea Formaldehyde Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Urea Formaldehyde Market: Breakup by Region (in %), 2022
- Figure 8: Global: Urea Formaldehyde (Urea Formaldehyde Powder) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Urea Formaldehyde (Urea Formaldehyde Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Urea Formaldehyde (Urea Formaldehyde Solution) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Urea Formaldehyde (Urea Formaldehyde Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Urea Formaldehyde (Particle Board) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Urea Formaldehyde (Particle Board) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Urea Formaldehyde (Medium Density Fibreboard) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Urea Formaldehyde (Medium Density Fibreboard) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Urea Formaldehyde (Plywood) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Urea Formaldehyde (Plywood) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Urea Formaldehyde (Adhesives and Coatings) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Urea Formaldehyde (Adhesives and Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Urea Formaldehyde (Molding Compounds) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Urea Formaldehyde (Molding Compounds) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Urea Formaldehyde (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Urea Formaldehyde (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Urea Formaldehyde (Furniture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Urea Formaldehyde (Furniture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Urea Formaldehyde (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Urea Formaldehyde (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Urea Formaldehyde (Transportation ) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Urea Formaldehyde (Transportation ) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Urea Formaldehyde (Electrical and Electronics ) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Urea Formaldehyde (Electrical and Electronics ) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Urea Formaldehyde (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Urea Formaldehyde (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: Urea Formaldehyde Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: Urea Formaldehyde Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Global: Urea Formaldehyde Industry: SWOT Analysis
- Figure 84: Global: Urea Formaldehyde Industry: Value Chain Analysis
- Figure 85: Global: Urea Formaldehyde Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Urea Formaldehyde Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Urea Formaldehyde Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Urea Formaldehyde Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Urea Formaldehyde Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Urea Formaldehyde Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Urea Formaldehyde Market: Competitive Structure
- Table 7: Global: Urea Formaldehyde Market: Key Players
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