Market Overview:
The global urea formaldehyde market size reached US$ 9.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.66 Billion by 2027, exhibiting a growth rate (CAGR) of 4.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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 2022-2027. 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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Application, End Use Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global urea formaldehyde market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global urea formaldehyde market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global urea formaldehyde market and who are the key players?
- What is the degree of competition in the industry?
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
9.2 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
9.3 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
9.4 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
9.5 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
List of Figures
Figure 1: Global: Urea Formaldehyde Market: Major Drivers and Challenges
Figure 2: Global: Urea Formaldehyde Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Urea Formaldehyde Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Urea Formaldehyde Market: Breakup by Type (in %), 2021
Figure 5: Global: Urea Formaldehyde Market: Breakup by Application (in %), 2021
Figure 6: Global: Urea Formaldehyde Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Urea Formaldehyde Market: Breakup by Region (in %), 2021
Figure 8: Global: Urea Formaldehyde (Urea Formaldehyde Powder) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Urea Formaldehyde (Urea Formaldehyde Powder) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Urea Formaldehyde (Urea Formaldehyde Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Urea Formaldehyde (Urea Formaldehyde Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Urea Formaldehyde (Particle Board) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Urea Formaldehyde (Particle Board) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Urea Formaldehyde (Medium Density Fibreboard) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Urea Formaldehyde (Medium Density Fibreboard) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Urea Formaldehyde (Plywood) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Urea Formaldehyde (Plywood) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Urea Formaldehyde (Adhesives and Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Urea Formaldehyde (Adhesives and Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Urea Formaldehyde (Molding Compounds) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Urea Formaldehyde (Molding Compounds) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Urea Formaldehyde (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Urea Formaldehyde (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Urea Formaldehyde (Furniture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Urea Formaldehyde (Furniture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Urea Formaldehyde (Building and Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Urea Formaldehyde (Building and Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Urea Formaldehyde (Transportation ) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Urea Formaldehyde (Transportation ) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Urea Formaldehyde (Electrical and Electronics ) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Urea Formaldehyde (Electrical and Electronics ) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Urea Formaldehyde (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Urea Formaldehyde (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Urea Formaldehyde Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Urea Formaldehyde Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Urea Formaldehyde Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Urea Formaldehyde Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Urea Formaldehyde Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Urea Formaldehyde Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Urea Formaldehyde Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Urea Formaldehyde Market: Competitive Structure
Table 7: Global: Urea Formaldehyde Market: Key Players