Lucintel Forecasts Urea Formaldehyde Market To Reach $15 Billion By 2030

By Author: Lucintel LLC
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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.
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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
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