Urea Formaldehyde Resin Market, By Application (Particle Board, MDF, Plywood, Moulding Powder, Adhesives and Coatings, Roofing Mats, Others), By Geography (North America, Europe, Asia Pacific, RoW), Forecasts to 2019
- Report Code: UR 1000
- Publish Date: Jul 2015
Urea formaldehyde resin (UFR) is a chemical mixture of urea (obtained from ammonia) and formaldehyde (obtained from methane). Urea Formaldehyde Resin is an opaque thermosetting synthetic resin and is mainly consumed as adhesive for bonding construction and building materials.
The global urea formaldehyde resin market has been segmented by geography and application. The report highlights the areas of consumption of urea formaldehyde resin, including particle board, MDF, plywood, molding powder, adhesives and coatings, roofing mats, and others.
The global Urea Formaldehyde Resin production has been witnessing strong growth over the past few years. Particle board industry accounts for the largest consumption of urea formaldehyde resin, followed by MDF.
Growing furniture industry has created an upsurge in the Urea Formaldehyde Resin market and is expected to continue growing in coming years. Rising demand for wood-based panels across the globe is one of the major driving forces for the Urea Formaldehyde Resin market, along with the rising demand for plywood as well as MDF. The growth in automotive and paint industry also present growth opportunity for the Urea Formaldehyde Resin market as these industries involve adhesive and coating application for their operations. Rising population will also have a significant positive impact on the global Urea Formaldehyde Resin market in coming years.
The key restraint for the Urea Formaldehyde Resin market is the toxic emission property of this resin, which has led to some major countries to regulate the production and use of UFR.
This study estimates the global Urea Formaldehyde Resin market for 2014 and its projected demand by 2019. This study provides a detailed qualitative and quantitative analysis of the global urea formaldehyde resins market. Several secondary sources, such as encyclopedia, directories, industry journals, and databases were referred to identify and collect information useful for this extensive commercial study of the UFR market. The primary sources — experts from related industries and suppliers — were interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
The report also includes the competitive landscape of the global UFR market, along with the profiles of leading market players of this industry and their recent developments and other strategic industry activities. The key market players include BASF Chemicals (Germany), Hexion (Ohio), INEOS (Switzerland), Chemiplastica SpA (Italy), Allnex SA (Belgium), Chimica Pomponesco SpA (Italy), Hexza Corporation Berhad (Malaysia), Advachem SA (Belgium), Tembec Inc. (Canada), and Kronospan (Nicosia).
Scope of the Report:
This research report categorizes the global market for urea formaldehyde resin on the basis of application and geography along with forecast volume, value, and analysis of trends in each market segment.
On the Basis of Application:
- Particle Board
- MDF
- Plywood
- Molding Powder
- Adhesives and Coatings
- Roofing Mats
- Others
On the Basis of Geography:
- North America
- Europe
- Asia-Pacific
- RoW
Table of Contents
1 Introduction (Page No. - 10)
1.1 Objectives Of The Study
1.2 Market Segmentation & Coverage
1.3 Stakeholders
2 Research Methodology (Page No. - 12)
2.1 Integrated Ecosystem Of UFR Market
2.2 Arriving At The UFR Market Size
2.2.1 Top Down Approach
2.2.2 Bottom-Up Approach
2.2.3 Ingredient Based Approach
2.3 Assumptions
3 Executive Summary (Page No. - 19)
4 Market Overview (Page No. - 21)
4.1 Introduction
4.2 Global UFR Market: Comparison With Parent Market
4.3 Market Drivers And Inhibitors
4.4 Key Market Dynamics
4.5 Demand Side Analysis
5 Global Urea Formaldehyde Resin Market, By Application (Page No. - 27)
5.1 Introduction
5.2 UFR In Particleboard, By Geography
5.3 UFR In Medium Density Fiberboard (Mdf), By Geography
5.4 UFR In Plywood, By Geography
5.5 UFR In Molding Powder, By Geography
5.6 UFR In Adhesives And Coating, By Geography
5.7 UFR In Roofing Mat, By Geography
6 Global Urea Formaldehyde Resin Market, By Geography (Page No. - 40)
6.1 Introduction
6.2 Asia-Pacific UFR Market
6.2.1 Asia-Pacific Urea Formaldehyde Resin Market, By Application
6.3 Europe UFR Market
6.3.1 Europe UFR Market, By Application
6.4 North America Urea Formaldehyde Resin Market
6.4.1 North America UFR Market, By Application
6.5 Rest Of The World UFR Market 50
6.4.1 Rest Of The World UFR Market, By Application
7 Global Urea Formaldehyde Resin Market: Competitive Landscape (Page No. - 53)
7.1 UFR Market: Company Share Analysis
7.2 Mergers & Acquisitions
7.3 Expansions
7.4 New Product Launch
7.5 Joint Ventures
7.6 Agreements
8 Global Urea Formaldehyde Resin Market, By Company (Page No. - 57)
8.1 Chimica Pomponesco S.P.A. (Italy)
8.2 Basf Chemicals (Germany)
8.3 Chemiplastica S.P.A. (Italy)
8.4 Advachem S.A. (Belgium)
8.5 Chemique Adhesives & Sealants Ltd. (U.K.)
8.6 Dynea Oy (Finland).
8.7 Ercros S.A. (Spain)
8.8 Noroeste S.A. (Spain)
9 Appendix (Page No. - 73)
9.1 Customization Options
9.1.1 Technical Analysis
9.1.2 Low-Cost Sourcing Locations
9.1.3 Regulatory Framework
9.1.4 Impact Analysis
9.1.5 Trade Analysis
9.1.6 Historical Data And Trends
9.2 Related Reports
9.3 Introducing Rt: Real Time Market Intelligence
9.4 Rt Snapshots
List Of Tables
Table 1 Global UFR Peer Market Size, 2014 (Usd ‘000)
Table 2 Global UFR Application Markets, 2014 (Tons)
Table 3 Global UFR Market: Comparison With Parent Market, 2013–2019 (Usd ‘000)
Table 4 Global UFR Market: Comparison With Parent Market, 2013–2019 (Tons)
Table 5 Global UFR Market: Drivers And Inhibitors
Table 6 Global UFR Market, By Application, 2012-2019 (Usd ‘000)
Table 7 Global UFR Market, By Application, 2012-2019 (Tons)
Table 8 Global UFR Market: Comparison With Application Markets, 2012-2019 (Usd ‘000)
Table 9 Global UFR Market, By Application, 2012-2019 (Usd ‘000)
Table 10 Global UFR: Market, By Application, 2012-2019 (Tons)
Table 11 Global UFR In Particleboard, By Country 2012-2019 (Usd ‘000)
Table 12 Global UFR In Particleboard, By Country, 2012-2019 (Tons)
Table 13 Global Urea Formaldehyde Resin In Medium Density Fiberboard (Mdf), By Country, 2012-2019 (Usd ‘000)
Table 14 Global UFR In Medium Density Fiberboard (Mdf), By Country, 2012-2019 (Tons)
Table 15 Global UFR In Plywood, By Country, 2012-2019 (Usd ‘000)
Table 16 Global UFR In Plywood, By Country, 2012-2019 (Tons)
Table 17 Global UFR In Molding Powder, By Country, 2012-2019 (Usd ‘000)
Table 18 Global UFR In Molding Powder, By Country, 2012-2019 (Tons)
Table 19 Global UFR In Adhesives And Coating, By Country, 2012-2019 (Usd ‘000)
Table 20 Global UFR In Adhesives And Coating, By Country, 2012-2019 (Tons)
Table 21 Global UFR In Roofing Mat, By Country, 2012-2019 (Usd ‘000)
Table 22 Global UFR In Roofing Mat, By Country, 2012-2019 (Tons)
Table 23 Global UFR Market, By Country, 2012-2019 (Usd ‘000)
Table 24 Global UFR Market, By Country, 2012-2019 (Tons)
Table 25 Asia-Pacific UFR Market, By Application, 2012-2019 (Usd ‘000)
Table 26 Asia-Pacific UFR Market, By Application, 2012-2019 (Tons)
Table 27 Europe UFR Market, By Application, 2012-2019 (Usd ‘000) 46
Table 28 Europe UFR Market, By Application, 2012-2019 (Tons)
Table 27 North America UFR Market, By Application, 2012-2019 (Usd ‘000) 47
Table 28 North America UFR Market, By Application, 2012-2019 (Tons)
Table 29 Rest Of The World UFR Market, By Application, 2012-2019 (Usd ‘000)
Table 30 Rest Of The World UFR Market, By Application, 2013-2019 (Tons)
Table 31 UFR Market: Company Share Analysis, 2014 (%)
Table 32 Global UFR Market: Mergers & Acquisitions
Table 33 Global UFR Market: Expansions
Table 34 Global UFR Market: New Product Launch
Table 35 Global UFR Market: Joint Ventures
Table 36 Global UFR Market: Agreements
Table 37 Chimica Pomponesco Spa: Key Operational Data, 2010-2014 (Usd Mn)
Table 38 Chimica Pomponesco Spa: Key Financials, 2010-2014 (Usd Mn)
Table 39 Basf Chemicals: Key Operational Data, 2010-2014 (Usd Mn)
Table 40 Basf Chemicals: Key Financials, 2010-2014 (Usd Mn)
Table 41 Chemiplastica Spa: Key Operational Data, 2010-2014 (Usd Mn)
Table 42 Chemiplastica Spa: Key Financials, 2010-2014 (Usd Mn)
Table 43 Advachem S.A.: Key Operational Data, 2010-2014 (Usd Mn)
Table 44 Advachem S.A.: Key Financials, 2010-2014 (Usd Mn)
Table 45 Chemique Adhesives & Sealants: Key Financials, 2010-2014 (Usd Mn)
Table 46 Chemique Adhesives & Sealants: Key Operational Data, 2010-2014
List Of Figures
Figure 1 Global UFR Market: Segmentation & Coverage
Figure 2 UFR Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Ingredient Based Approach
Figure 7 Global UFR Market: Snapshot
Figure 8 Global UFR Market: Comaprison With Parent Market
Figure 9 Global UFR Market, By Application,2014 Vs 2019 24
Figure 10 UFR Market: Demand Side Analysis
Figure 11 Urea Formaldehyde Resin : Application Market Scenario
Figure 12 Global UFR Market, By Application, 2014 & 2019 (Usd ‘000)
Figure 13 Global UFR Market, By Application, 2014 & 2019 (Tons)
Figure 14 Global UFR Market In Particleboard, By Country, 2012-2019 (Usd Mn)
Figure 15 Global UFR Market In Medium Density Fiberboard (Mdf), By Country, 2012-2019 (Usd Mn)
Figure 16 Global UFR Market In Plywood, By Country, 2012-2019 (Usd ‘000)
Figure 17 Global UFR Market In Molding Powder, By Country, 2012-2019 (Usd ‘000)
Figure 18 Global UFR Market In Adhesives And Coating, By Country, 2012-2019 (Usd ‘000)
Figure 19 Global UFR Market In Roofing Mat, By Country, 2012-2019 (Usd ‘000)
Figure 20 Global UFR Market: Growth Analysis, By Country, 2014 & 2019 (Usd ‘000)
Figure 21 Global UFR Market: Growth Analysis, By Country, 2014 & 2019 (Tons)
Figure 22 Asia-Pacific UFR Market Overview, 2014 & 2019 (%)
Figure 23 Asia-Pacific UFR Market, By Application, 2013-2019 (Usd ‘000)
Figure 24 Asia-Pacific UFR Market: Application Snapshot
Figure 25 Europe UFR Market Overview, 2014 & 2019 (%)
Figure 26 Europe UFR Market, By Application, 2013-2019 (Usd ‘000) 46
Figure 27 Europe UFR Market: Application Snapshot
Figure 28 North America UFR Market Overview,2014 & 2019 (%) 48
Figure 29 North America UFR Market, By Application, 2012-2019 (Usd ‘000)
Figure 30 North America UFR Market: Application Snapshot
Figure 28 Rest Of The World UFR Market Overview,2014 & 2019 (%) 50
Figure 29 Rest Of The World America UFR Market, By Application, 2012-2019 (Usd ‘000)
Figure 30 Rest Of The World UFR Market: Application Snapshot
Figure 31 UFR Market: Company Share Analysis,2014 (%) 53
Figure 32 Chimica Pomponesco Spa: Revenue Mix, 2014
Figure 33 Basf Chemicals: Revenue Mix, 2014
Figure 34 Chemiplastica Spa: Revenue Mix, 2014
Figure 35 Advachem S.A.: Revenue Mix, 2014
Figure 36 Chemique Adhesives & Sealants: Revenue Mix, 2014
Urea formaldehyde resin is a non-transparent, cross-linked thermosetting resin or plastic which is a mixture of urea and formaldehyde. It is produced by condensing urea and formaldehyde in an aqueous solution and keeping ammonia as an alkaline catalyst in the process. UFR is widely preferred for its high reactivity, excellent performance, and low cost. The demand for UFR is highly influenced by the construction and furniture industry.
Particle board application consumes about 30% of UFR globally. Application of UFR in MDF, plywood, and roofing mats segment is expected to grow substantially in coming years. The demand for UFR from particle board and MDF segments is projected to grow at a CAGR of 4.6% and 4.2% respectively between 2014 and 2019.
The global urea formaldehyde resin market was valued at $6.5 billion in 2014 and is projected to grow at a CAGR of 7.3% during the forecast period. The market is projected to register a volume of 19,784.5 KT by 2019, growing at a CAGR of 4.7% in terms of consumption during the forecast period. The adhesive and coatings segment is estimated to grow at the highest CAGR of 8.8% during the forecast period. Asia-Pacific region is the leading market, driven by the rapid growth in infrastructure and furniture industry. It dominates the global UFR market with a market share of 40% in terms of UFR consumption.
Rising demand for wood-based panels due to development in infrastructure segment across most of the regions is expected to drive the demand for UFR globally. Other key drivers for the global UFR market are developing furniture industry, rising demand for wood-based panels, rising population, and growing automotive and paint industry. The market may witness a slowdown owing to the toxic emissions of UFR, which has already resulted in implementation of regulations regarding its consumption in various countries.
Some of the major key players in the global UFR market are BASF Chemicals (Germany), Hexion (Ohio), INEOS (Switzerland), Chemiplastica SpA (Italy), Allnex SA (Belgium), Chimica Pomponesco SpA (Italy), Hexza Corporation Berhad (Malaysia), Advachem SA (Belgium), Tembec Inc. (Canada), and Kronospan (Nicosia). These players are continuously working on expanding their portfolio to meet the growing demand form the end-user industries and securing a competitive position in the market.
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Asia-Pacific Urea Formaldehyde Resin The Asia-Pacific urea formaldehyde resin market had approximately 40.5% of the market share in 2013. China is the largest consumer of urea formaldehyde resin in Asia-Pacific, having a consumption share of about 74% of the total Asia-Pacific demand in 2013. The key countries that have been covered in the Asia-Pacific urea formaldehyde resin market are China, Indonesia, Malaysia, and Republic of Korea. |
Upcoming |
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North America Urea Formaldehyde Resin The North America urea formaldehyde resin market was valued at $714.6 million in 2014 and is expected to grow at a CAGR of 6.6% from 2014 to 2019. The demand for UFR in North America was valued at 1,893.3 KT in 2014 and is expected to grow at a CAGR of 3.9% from 2014 to 2019. The North America UFR production has been showing strong growth over the past few years. Particle Board industry accounts for the largest consumption of UFR. MDF segment tends to be the second largest application of UFR after Particle Boards. |
Jun 2015 |
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Europe Urea Formaldehyde Resin The Europe urea formaldehyde resin market had about 37% of the market share value in 2013, which is expected to grow at a CAGR of 8.6%, from 2013 to 2018. Germany is the largest consumer of urea formaldehyde resins in Europe, consuming about 12% of the total global demand in 2013. Subsequent to Germany are Spain, Italy, U.K., France and Poland. |
Upcoming |
