North America Urea Formaldehyde Resin Market By Application (Particleboard, Medium Density Fiberboard, Plywood, Molding Powder, Adhesives & Coating, Roofing Mat), By Country (U.S., Canada, Rest of North America) - Analysis & Forecast to 2019

Urea Formaldehyde Resin (UFR) is a chemical mixture of urea (obtained from ammonia) and formaldehyde (obtained from methane). It is an opaque thermosetting synthetic resin or plastic and is mainly consumed as adhesive for bonding construction and building materials

The North America urea formaldehyde resin market has been segmented by geographies and applications. The market has been analyzed for North America. The report shows the areas of consumption of UFR such as particle board, MDF (medium density fiberboard), plywood, molding powder, adhesives and coating, roofing mat and other applications.

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.

The drivers of the industry are: Developing furniture industry, Rising demand for wood based panels, rising population and growing automotive and paint industry. One of the major restraint for the UFR market is its toxic emission property which has influenced some major coutries to put UFR under regulations.

This study basically aims to estimate the regional market of UFR for 2014 and to project its projected demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of the North America UFR market. We have used various secondary sources such as encyclopedia, directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the UFR market. The primary sources – experts from related industries and suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects of UFR.

Competitive scenarios of the top players in the UFR market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include:  BASF S.E. (Germany), Momentive Specialty Chemicals (U.S.), INEOS (U.K.), Allnex (U.S.), Tembec Inc. (Canada), and Georgia Pacific LLC (U.S.).

Scope of the report:

This research report categorizes the North America market for UFR on the basis of applications, end-user industries, and geography along with forecasting volume, value, and analyzing trends in each of the marketplace.

On the basis of applications:

• Particleboard
• MDF
• Plywood
• Molding Powder
• Adhesives and Coating
• Roofing Mat
• Others

Each application is described in detail in the report with volume and revenue forecasts for each application.

On the basis of geography:

• U.S.
• Canada
• Rest of North America

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 Urea Formaldehyde Resin Market
    2.2 Arriving at the Urea Formaldehyde Resin 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 North America Urea Formaldehyde Resin Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 North America Urea Formaldehyde Resin Market, By Application (Page No. - 27)
    5.1 Introduction
    5.2 Urea Formaldehyde Resin in Particleboard, By Country
    5.3 Urea Formaldehyde Resin in Medium Density Fiberboard (MDF), By Country
    5.4 Urea Formaldehyde Resin in Plywood, By Country
    5.5 Urea Formaldehyde Resin in Molding Powder, By Country
    5.6 Urea Formaldehyde Resin in Adhesives and Coating, By Country
    5.7 Urea Formaldehyde Resin in Roofing Mat, By Country

6 North America Urea Formaldehyde Resin Market, By Country (Page No. - 40)
    6.1 Introduction
    6.2 U.S. Urea Formaldehyde Resin Market
           6.2.1 U.S. Urea Formaldehyde Resin Market, By Application
    6.3 Canada Urea Formaldehyde Resin Market
           6.3.1 Canada Urea Formaldehyde Resin Market, By Application
    6.4 Rest of North America Urea Formaldehyde Resin Market
           6.4.1 Rest of North America Urea Formaldehyde Resin Market, By Application

7 North America Urea Formaldehyde Resin Market: Competitive Landscape (Page No. - 53)
    7.1 Urea Formaldehyde Resin Market: Company Share Analysis
    7.2 Mergers & Acquisitions
    7.3 Expansions
    7.4 New Product Launch
    7.5 Joint Ventures
    7.6 Agreements

8 North America Urea Formaldehyde Resin Market, By Company (Page No. - 57)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    8.1 Momentive Specialty Chemicals
    8.2 BASF S.E.
    8.3 Tembec Inc.
    8.4 Allnex Belgium S.A.
    8.5 Ineos Melamines
    8.6 Cytec Industries Inc.
    8.7 Georgia-Pacific LLC
    8.8 Akzonobel Chemicals
*Details On Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company

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
           9.3.1 RT Snapshots

List of Tables (46 Tables)

Table 1 Global Urea Formaldehyde Resin Peer Market Size, 2014 (USD ‘000)
Table 2 North America Urea Formaldehyde Resin Application Markets, 2014 (Tons)
Table 3 North America Urea Formaldehyde Resin Market: Comparison With Parent Market, 2013–2019 (USD ‘000)
Table 4 North America Urea Formaldehyde Resin Market: Comparison With Parent Market, 2013–2019 (Tons)
Table 5 North America Urea Formaldehyde Resin Market: Drivers and Inhibitors
Table 6 North America Urea Formaldehyde Resin Market, By Application,  2012-2019 (USD ‘000)
Table 7 North America Urea Formaldehyde Resin Market, By Application, 2012-2019 (Tons)
Table 8 North America Urea Formaldehyde Resin Market: Comparison With Application Markets, 2012-2019 (USD ‘000)
Table 9 North America Urea Formaldehyde Resin Market, By Application,  2012-2019 (USD ‘000)
Table 10 North America Urea Formaldehyde Resin: Market, By Application,  2012-2019 (Tons)
Table 11 North America Urea Formaldehyde Resin in Particleboard, By Country 2012-2019 (USD ‘000)
Table 12 North America Urea Formaldehyde Resin in Particleboard, By Country, 2012-2019 (Tons)
Table 13 North America Urea Formaldehyde Resin in Medium Density Fiberboard (MDF), By Country, 2012-2019 (USD ‘000)
Table 14 North America Urea Formaldehyde Resin in Medium Density Fiberboard (MDF), By Country, 2012-2019 (Tons)
Table 15 North America Urea Formaldehyde Resin in Plywood, By Country, 2012-2019 (USD ‘000)
Table 16 North America Urea Formaldehyde Resin in Plywood, By Country, 2012-2019 (Tons)
Table 17 North America Urea Formaldehyde Resin in Molding Powder, By Country, 2012-2019 (USD ‘000)
Table 18 North America Urea Formaldehyde Resin in Molding Powder, By Country, 2012-2019 (Tons)
Table 19 North America Urea Formaldehyde Resin in Adhesives and Coating, By Country, 2012-2019 (USD ‘000)
Table 20 North America Urea Formaldehyde Resin in Adhesives and Coating, By Country, 2012-2019 (Tons)
Table 21 North America Urea Formaldehyde Resin in Roofing Mat, By Country, 2012-2019 (USD ‘000)
Table 22 North America Urea Formaldehyde Resin in Roofing Mat, By Country, 2012-2019 (Tons)
Table 23 North America Urea Formaldehyde Resin Market, By Country,  2012-2019 (USD ‘000)
Table 24 North America Urea Formaldehyde Resin Market, By Country, 2012-2019 (Tons)
Table 25 U.S. Urea Formaldehyde Resin Market, By Application, 2012-2019 (USD ‘000)
Table 26 U.S. Urea Formaldehyde Resin Market, By Application, 2012-2019 (Tons)
Table 27 Canada Urea Formaldehyde Resin Market, By Application, 2012-2019 (USD ‘000)
Table 28 Canada Urea Formaldehyde Resin Market, By Application, 2012-2019 (Tons)
Table 29 Rest of North America Urea Formaldehyde Resin Market, By Application, 2012-2019 (USD ‘000)
Table 30 Rest of North America Urea Formaldehyde Resin Market, By Application, 2013-2019 (Tons)
Table 31 Urea Formaldehyde Resin Market: Company Share Analysis, 2014 (%)
Table 32 North America Urea Formaldehyde Resin Market: Mergers & Acquisitions
Table 33 North America Urea Formaldehyde Resin Market: Expansions
Table 34 North America Urea Formaldehyde Resin Market: New Product Launch
Table 35 North America Urea Formaldehyde Resin Market: Joint Ventures
Table 36 North America Urea Formaldehyde Resin Market: Agreements
Table 37 Momentive Specialty Chemicals: Key Operational Data, 2009-2014 (USD MN)
Table 38 Momentive Specialty Chemicals, Key Operational Data, 2009-2014 (USD MN)
Table 39 BASF S.E.: Key Operational Data, 2009-2013 (USD MN)
Table 40 BASF S.E.: Key Financials, 2009-2013 (USD MN)
Table 41 Tembec Inc., Key Operational Data, 2010-2014 (USD MN)
Table 42 Tembec Inc.: Key Financials, 2010-2014 (USD MN)
Table 43 Cytec Industries Inc.: Key Operational Data, 2010-2014 (USD MN)
Table 44 Cytec Industries Inc: Key Financials, 2010-2014 (USD MN)
Table 45 Akzonobel Chemicals: Key Financials, 2010-2014 (USD MN)
Table 46 Akzonobel Chemicals: Key Operational Data, 2010-2014

List of Figures (38 Figures)

Figure 1 North America Urea Formaldehyde Resin Market: Segmentation & Coverage
Figure 2 Urea Formaldehyde Resin Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Ingredient Based Approach
Figure 7 North America Urea Formaldehyde Resin Market: Snapshot
Figure 8 North America Urea Formaldehyde Resin Market: Comaprison With Parent Market
Figure 9 North America Urea Formaldehyde Resin Market, By Application,2014 vs 2019
Figure 10 Urea Formaldehyde Resin Market: Demand Side Analysis
Figure 11 Urea Formaldehyde Resin : Application Market Scenario
Figure 12 North America Urea Formaldehyde Resin Market, By Application,  2014 & 2019 (USD ‘000)
Figure 13 North America Urea Formaldehyde Resin Market, By Application,  2014 & 2019 (Tons)
Figure 14 North America Urea Formaldehyde Resin Market in Particleboard, By Country, 2012-2019 (USD MN)
Figure 15 North America Urea Formaldehyde Resin Market in Medium Density Fiberboard (MDF), By Country, 2012-2019 (USD MN)
Figure 16 North America Urea Formaldehyde Resin Market in Plywood, By Country, 2012-2019 (USD ‘000)
Figure 17 North America Urea Formaldehyde Resin Market in Molding Powder, By Country, 2012-2019 (USD ‘000)
Figure 18 North America Urea Formaldehyde Resin Market in Adhesives and Coating, By Country, 2012-2019 (USD ‘000)
Figure 19 North America Urea Formaldehyde Resin Market in Roofing Mat, By Country, 2012-2019 (USD ‘000)
Figure 20 North America Urea Formaldehyde Resin Market: Growth Analysis, By Country, 2014 & 2019 (USD ‘000)
Figure 21 North America Urea Formaldehyde Resin Market: Growth Analysis, By Country, 2014 & 2019 (Tons)
Figure 22 U.S. Urea Formaldehyde Resin Market Overview, 2014 & 2019 (%)
Figure 23 U.S. Urea Formaldehyde Resin Market, By Application,  2013-2019 (USD ‘000)
Figure 24 U.S. Urea Formaldehyde Resin Market: Application Snapshot
Figure 25 Canada Urea Formaldehyde Resin Market Overview, 2014 & 2019 (%)
Figure 26 Canada Urea Formaldehyde Resin Market, By Application, 2013-2019 (USD ‘000)
Figure 27 Canada Urea Formaldehyde Resin Market: Application Snapshot
Figure 28 Rest of North America Urea Formaldehyde Resin Market Overview,2014 & 2019 (%)
Figure 29 Rest of North America Urea Formaldehyde Resin Market, By Application, 2012-2019 (USD ‘000)
Figure 30 Rest of North America Urea Formaldehyde Resin Market: Application Snapshot
Figure 31 Melamine Urea Formaldehyde Resin Market: Company Share Analysis,2014 (%)
Figure 32 Momentive Specialty Chemicals: Revenue Mix, 2014
Figure 33 BASF S.E.: Revenue Mix, 2014
Figure 34 Contribution of Chemicals Segment Towards Company Revenues,2009-2013 (USD MN)
Figure 35 Tembec Inc.: Revenue Mix, 2014
Figure 36 Ineos (Parent Company): Revenue Mix, 2014
Figure 37 Cytec Industries Inc.: Revenue Mix, 2014
Figure 38 Akzonobel Chemicals: Revenue Mix 2013

Urea Formaldehyde Resin (UFR) is a non-transparent cross linked thermosetting resin or plastic, which is a chemical mixture of urea and formaldehyde. It is produced by condensing urea and formaldehyde in an aqueous solution, keeping ammonia as an alkaline catalyst in the process. UFR is widely favored for its appreciable reactivity and performance at low investment. The demand for UFR is highly influenced by the infrastructure and furniture industries.

The particleboard application segment accounted for about 47% of the UFR consumption in North America. The application segments of UFR, such as MDF (Medium Density Fibreboard), plywood, and roofing mats, are expected to grow substantially in the coming years.

The North America Urea Formaldehyde Resin Market was valued at $714.6 million in 2014 and is projected to reach $981.7 million by 2019, at a CAGR of 6.6% from 2014 to 2019. The market, by consumption, was led by the particleboard segment in 2014, with a share of 47%. The North America UFR market is projected to reach a volume of 2,297.8 KT by 2019, at a CAGR of 3.9% during the given forecast period. The adhesive and coating segment is estimated to grow at the fastest CAGR of 7.9% from 2014 to 2019. The U.S. is a key market for UFR in North America, owing to the rapid growth of the infrastructure industry and the rising attention towards roofing mats.

The growth of the North America Urea Formaldehyde Resin Market is majorly driven by the rising demand from the wood-based application. Moreover, the continuous upsurge in the automobile and paint industries across North America also plays a key role in driving the demand for UFR.

The drivers of the industry include the developing furniture industry, rising demand for wood-based panels, rising population, and growing infrastructure industry. One of the major restraints for the UFR market is its toxic emission property, which has influenced some major countries to put UFR under stringent regulations.

The major companies active in the North America Urea Formaldehyde Resin Market include BASF S.E. (Germany), Momentive Specialty Chemicals (U.S.), INEOS (U.K.), Allnex (Belgium), Tembec Inc. (Canada), and Georgia-Pacific LLC (U.S.), among others.