ALL >> Business >> View Article
Lucintel Forecasts Urea Formaldehyde Market To Reach $15 Billion By 2030
According to the recent study the urea formaldehyde market is projected to reach an estimated $15 billion by 2030 from $11 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by 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, opportunities and forecast in urea formaldehyde market 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
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
Explore Our Latest Publications
Beam Combining Optic Market
Cable & Cord Grip Market
Floor Testing Equipment Market
Gravity Fall Metal Detector Market
Heat Meter Market
High-Precision Light Detector Market
Industrial Process Variable Instrument Market
Laser Level Tripod Market
Load Bank Market
Specialty Nitrile Butadiene Rubber Market
Add Comment
Business Articles
1. Lucintel Forecasts The Global Wall-mounted Ac Ev Charger Market To Grow With A Cagr Of 22.4% From 2025 To 2031Author: Lucintel LLC
2. Technology Landscape, Trends And Opportunities In Global 3d Printing Photopolymer Market
Author: Lucintel LLC
3. Lucintel Forecasts The Global Smart Home Market To Reach $372 Billion By 2030
Author: Lucintel LLC
4. Second Marriage Matrimonial – Verified Matches & Free Registration
Author: Truelymarry
5. Core: Leading The Way In Managed It Services For Businesses Across London
Author: IT Management
6. The Role And Function Of A Collection Agency
Author: Bennett Carter
7. Understanding Debt Collection Agencies: What They Do And How They Affect Consumers
Author: Bennett Carter
8. How To Use An Smm Panel Effectively For Fast Social Media Growth
Author: Smm Panel
9. Essential Tips For Beginners And The Power Of Professional Editing
Author: Sam
10. How To Improve Field Staff Efficiency With Geolocation Tools
Author: TrackHr App
11. Building An Effective Energy Management System
Author: Jane
12. Internal Auditor Training: The Key To Effective Risk Management And Compliance
Author: Sqccertification
13. Why Accurate Accounting In Property Management Is The Key To Higher Roi
Author: Harsh Vardhan
14. Kaal Sarp Puja In Trimbakeshwar – Benefits, Process & Trusted Pandit Contact
Author: Pandit Milind Guruji
15. Data Entry Vs. Data Processing: What’s The Difference And Why It Matters
Author: Allianze BPO