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 2031 with a CAGR of 4% from 2024 to 2031. The major growth drivers in 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.
A more than 150-page
report to understand trends, opportunity and forecast in global urea
formaldehyde market to 2031 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 industry will remain the largest end use
industry segment over the forecast period.
MDF
application of 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 SE, Bakelite
Synthesis, Rayonier Advanced Materials, Hexion, INEOS Enterprise (KPS Capital),
Foresa, Advachem SA, Kronospan Ltd., SABIC AGRI NUTRIENTS 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,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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