According to a market report by Lucintel, the future of the global urea formaldehyde market looks promising with opportunities in the furniture, building and construction, transportation and electrical & electronics industries. The global urea formaldehyde market is expected to reach an estimated $15 billion by 2030 from $11 billion in 2023 at a CAGR of 5% from 2023 to 2030. The major drivers for this market are increasing demand for low cost, highly reactive binders for medium density fiber board, plywood, and particle board in the furniture, building, and construction industries.
Browse 100 figures/charts
and 81 tables in this 205–page report
to understand trends, opportunity and
forecast in global urea formaldehyde market to 2030 by applications (medium density
fiber board, plywood, particle board, adhesive, molding compound, and others),
by end use industry (furniture, building and construction, transportation,
electrical and electronics, and others), and region (North America, Europe,
Asia Pacific, and the Rest of the World).
Lucintel
forecasts that furniture end use will remain the largest end use segment over
the forecast period.
Plywood
urea formaldehyde will remain the largest segment over the forecast period.
Download
sample by clicking on urea formaldehyde
market.
Asia
Pacific is expected to remain the largest region and witness the highest growth
over the forecast period.
BASF Corporation,
Bakelite Synthetics, Rayonier Advanced Materials, Hexion,Ashland Inc. are the
major supplier in the urea formaldehyde market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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