Urea Formaldehyde Market Outlook from 2024 to 2034
The global urea formaldehyde market is estimated to be valued at US$ 33,116.80 million in 2024. The market is projected to reach a value of US$ 41,572.36 million by 2034, reflecting a CAGR of 1.8% over the assessment period.
Global Trends in the Urea Formaldehyde Industry
The furniture sector is projected to showcase remarkable growth in the Asia Pacific region. The sector is primarily growing on account of the increasing demand for various wood-based building materials. The mounting population is subsequently raising the demand for furniture in hospitals, hotels, offices, and other places, which is driving the demand for urea formaldehyde in Asia Pacific.
The expanding working population and increasing preference to invest in technology to enhance comfort quotient are driving sales of home appliances.
The demand for construction materials is increasing due to the rising government expenditure on infrastructure and growth in the real estate and commercial market. As a result, the product demand is raising the consumption of urea formaldehyde over the forecast period.
Attributes
Key Insights
Estimated Urea Formaldehyde Market Size (2024E)
US$ 33,116.80 million
Projected Market Value (2034F)
US$ 41,572.36 million
Value-based CAGR (2024 to 2034)
1.8%
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Top Impediments in the Urea Formaldehyde Market
Government restrictions to limit exposure to formaldehyde emissions from imported or domestically produced wood articles announced by EPA are expected to restrict the market’s growth.
Companies are determined to develop eco-friendly alternatives to replace urea formaldehyde used in the development of wood-based boards. This can restrict the scope of urea formaldehyde. For instance, in June 2023, Nilo developed a plastic waste-derived adhesive to substitute for urea formaldehyde.
Historical Period Assessment of the Market Versus Demand Projections
Historical CAGR (2019 to 2023)
2.30%
Forecasted CAGR (2024 to 2034)
1.80%
During the historical period, the urea formaldehyde market was valued at US$ 32,142.36 million in 2019. By 2023, the market size reached a valuation of US$ 32,457.29 million.
The market grew at a snail pace due to inflation and the oversupply of urea formaldehyde in the top markets like the United States and Europe. The price of urea formaldehyde dropped in March 2023 due to reduced demand from various downstream industries.
Additionally, US bank crunch led to lower consumer spending. Conclusively, the urea formaldehyde industry observed reduced demand as consumers became less able or willing to purchase them.
Over the forecast period, the market growth is anticipated to further slowdown, as businesses invest in developing alternatives to urea formaldehyde to reduce their impact on the environment. By 2034, the urea formaldehyde market is expected to attain US$ 41,572.36 million, expanding at a CAGR of 1.80% over the forecast period.
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Comparative Analysis of Adjacent Markets
In the following table, emerging trends and opportunities influencing the urea formaldehyde market, the agrochemical additive market, and the plywood market have been highlighted. Growth opportunities are comparatively higher in the plywood industry as construction activities are increasing at a full-blown pace.
The agrochemical additives market is projected to register a consistent expansion rate, due to the flourishing agriculture sector. The main market, i.e., the urea formaldehyde market is anticipated to record a sluggish growth rate, alluding to market disruptions caused by new and cost-effective alternatives over the projection period.
Urea Formaldehyde Market:
Attributes
Urea Formaldehyde Market
CAGR (2024 to 2034)
1.8%
Growth Factor
Increasing furniture and construction activities
Opportunity
Ongoing research and development
Key Trends
Growing popularity of controlled-release fertilizers
Agrochemical Additive Market:
Attributes
Agrochemical Additive Market
CAGR (2024 to 2034)
4.60%
Growth Factor
Increasing consumption of additives in pesticides and fertilizers
Opportunity
Opportunities are cropping up in the market as farm loans are available in abundance and at low interest rates
Key Trends
Rising focus on crop health
Plywood Market:
Attributes
Plywood Market
CAGR (2024 to 2034)
6.00%
Growth Factor
Rising demand for specialty plywood
Opportunity
Key players have the opportunity to leverage unique manufacturing techniques to differentiate from their competitors
Key Trends
Emerging trend of sustainability
Urea Formaldehyde Industry Analysis by Country
The use of urea formaldehyde in the United States and Germany is expected to record sluggish CAGRs, as these countries are forward in innovating and developing alternatives of urea formaldehyde. Countries like China, India, and Australia are projected to experience a stark contrast to the developed countries in terms of market growth.
Countries
Forecast CAGR (2024 to 2034)
United States
2.50%
Germany
3.30%
China
7.40%
India
8.70%
Australia
6.60%
Growth Outlook of Urea Formaldehyde Market in the United States
In the United States, the demand for urea formaldehyde is anticipated to register a CAGR of 2.50% through 2034. The top factors that back the industry’s progress include:
Expansion in the demand for specialty fertilizers like urea-formaldehyde in the agriculture sector to maintain high crop yield, especially for grain crops.
Growth in the automotive sector and increasing consumer demand for electronics and electricals are raising the demand for formaldehyde urea in the United States.
Demand Prospects of Urea Formaldehyde Market in Germany
In Germany, the urea formaldehyde industry is projected to advance at a CAGR of 3.30% from 2024 to 2034. Listed below are the current market dynamics:
Growth in the production of food crops is lifting the demand for slow-release fertilizers that enhance soil permeability and promote the development of an aggregated soil structure.
The construction industry in Germany is projected to observe a consistent rise on the grounds of increasing housing demand, infrastructure development, and renovation projects. Since urea formaldehyde adhesives find significant use in wood-based panels like MDF and particle board, which are used in construction activities; demand for the latter is anticipated to propel market growth.
China is Due for Substantial Growth Over the Next 10 Years
The China urea formaldehyde market is expected to record a CAGR of 7.40% through 2034. The market is projected to grow due to following reasons:
China is an influential market for furniture. The country produces and exports substantial volume of furniture to leading importers. This is escalating the consumption of urea formaldehyde in China.
China also holds a powerful position in the automotive market. The recent auto production statistics, by volume, display China at the top of the list. Such exponential growth in the automotive sector is inducing significant demand for urea formaldehyde, which is used in multiple automotive-related applications.
India Urea Formaldehyde Market to Display Promising Growth Over the Forecast Period
The consumption of urea formaldehyde formula in India is anticipated to surge at a CAGR of 8.70% over the forecast period. The market is propelled forward by:
Rising demand for urea formaldehyde in numerous end-use industries.
Booming construction sector in India is translating to the growing demand for wood-based panels like plywood, MDF, and particle board, which significantly relies on urea formaldehyde adhesives.
Increasing government initiatives to promote infrastructure development and affordable housing is expected to indirectly drive demand for urea formaldehyde in the construction sector.
The cost-advantage of using urea formaldehyde as it is a relatively inexpensive adhesive than some alternatives is appealing in a price-sensitive market like India.
Urea formaldehyde is being used as a slow-release fertilizer in certain situations to prolong the nitrogen release. Thus, raising the demand for urea formaldehyde.
Widening Scope for Urea Formaldehyde in Australia
The market in Australia is projected to record a CAGR of 6.60% over the forecast period. In the next ten years, the market is expected to grow on the ground of:
The readily available technology and well-established application methods for deploying urea formaldehyde are making it a convenient choice for manufacturers.
Urea formaldehyde is finding applications in certain infrastructure and mining projects like rock bolting and tunnel reinforcement.
Rising demand for this product in the construction and furniture sectors in Australia.
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Category-wise Insights
Fertilizer Segment to Command Substantial Value Share
Attributes
Details
Top End use
Fertilizer
Market Share in 2024
91.20%
The fertilizer segment is estimated to acquire a market share of 91.20% in 2024. Key factors that are supplementing the segment’s growth are:
Growing demand for urea formaldehyde in situations where constant, but not extreme nitrogen supply is required.
Urea formaldehyde as a fertilizer also allows for a tailored release of nitrogen as the rate of release is dependent on microbial activity in the soil and temperature.
Business Growth Strategies of Leading Players in the Urea Formaldehyde Market
The urea formaldehyde industry is crowded with prominent medium- and small-scale players. Thus, the market is considered semi-fragmented in nature. The highly competitive nature of urea formaldehyde rests on the constant new releases of technologies, which is emerging from the research and development activities.
Established market players are going for increased production capacities to have a competitive edge. New, small, and medium-sized firms are focusing on providing cost-effective products to accelerate their local market penetration.
Market players are eyeing the markets that have high growth potential, especially in developing economies where the furniture and construction sectors are thriving. Additionally, players are collaborating with distributors, raw material suppliers, or downstream users to develop synergies and enhance their supply chains.
Industry participants are also consolidating their market share via strategic mergers and acquisitions to enjoy economies of scale and access to new technologies. Additionally, players are zeroing in on research and development activities to drive innovation.
New Developments Impacting the Urea Formaldehyde Market
In June 2023, Inter IKEA acquired a stake in Nilo Ltd., which is a New Zealand-based start-up. The latter has developed a technology to develop non-toxic adhesives from waste plastics. The company has developed a binding agent, which has managed to replace urea formaldehyde as an adhesive to create engineered wood products like particle board, plywood, and medium-density fiberboard.
In July 2023, EKHO officially disclosed the opening of production lines and a new factory in Egypt, which is worth US$ 48 million via an associate company Sprea Misr.
In July 2022, Hexicon Inc. introduced a bio-based methanol for the production of formaldehyde. This development is a part of its sustainable product development process.
In August 2021, KBR came into an agreement with Johnson Matthey (JM) to permit the FORMOX™ Integrated UFC Technology (iUFC™). This technology consists of urea formaldehyde concentrate (UFC) and methanol production processes, which are integrated with proprietary ammonia process of KBR. Thus, enabling low-cost production of UFC for superior-grade urea.
Notable Urea Formaldehyde Companies
BASF SE
Hexion, Inc.
Hexzachem Sarawak Sdn Bhd
Bakelite Synthetics
Acron PJSC
Asta Chemicals
ARCL Organics Ltd.
Capital Resin Corporation
Biqem
Metadynea
Advachem SA
Kronoplus Limited
Foresa
Sadepan
Siva Chemical Industries
Foremark Performance Chemicals Inc.
LRBG Chemicals
Others
Urea Formaldehyde Market Segmentation
By Form:
Liquid
Powder
Solid
By End Use:
Furniture
Plywood
Laminates
Particle Board
Wood Adhesives
Medium Density Fiberboard
Automotive
Decorative Laminates
Plywood
Molding Compounds
Abrasives
Tires
Electrical Appliances
Electronic Adhesives
Coatings
Molding Compounds
Plywood
Agriculture
Fertilizer
Building and Construction
Plywood
Particle Board
Wood Adhesives
Roofing
Foundry sand molds
Textile
Wrinkle-Resistant fabrics
Cotton Blends
Others
Paper
Paints
Surface Coatings
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa
Frequently Asked Questions
How Big will the Urea Formaldehyde Market Be in 2024?
The market is estimated to be worth US$ 33,116.80 million in 2024.
At What Rate will the Urea Formaldehyde Industry Grow?
The urea formaldehyde industry is projected to register a CAGR of 1.8% over the forecast period.
What is the Expected Value of the Urea Formaldehyde Market by 2034?
By 2034, the urea formaldehyde industry is forecast to be worth US$ 41,572.36 million.
Which Country is Expected to Exhibit Significant Market Growth?
India is expected to observe significant market growth.
Which End User is Projected to Capture Maximum Market Share?
Fertilizers are projected to capture a prominent market share.
Who are the Leading Companies in the Urea Formaldehyde Market?
Key players in the urea formaldehyde market include Kronoplus Limited, Foresa, and Sadepan.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2024 to 2034
5.3.1. Liquid
5.3.2. Powder
5.3.3. Solid
5.4. Y-o-Y Growth Trend Analysis By Form, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Form, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-Use, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-Use, 2024 to 2034
6.3.1. Furniture
6.3.1.1. Plywood
6.3.1.2. Laminates
6.3.1.3. Particle Board
6.3.1.4. Wood Adhesives
6.3.1.5. Medium Density Fibreboard
6.3.2. Automotive
6.3.2.1. Decorative Laminates
6.3.2.2. Plywood
6.3.2.3. Molding Compounds
6.3.2.4. Abrasives
6.3.2.5. Tires
6.3.3. Electrical Appliances
6.3.3.1. Electronic Adhesives
6.3.3.2. Coatings
6.3.3.3. Molding Compounds
6.3.3.4. Plywood
6.3.4. Agriculture
6.3.5. Building and Construction
6.3.5.1. Plywood
6.3.5.2. Particle Board
6.3.5.3. Wood Adhesives
6.3.5.4. Roofing
6.3.5.5. Foundry Sand Molds
6.3.6. Textile
6.3.6.1. Wrinkle-Resistant fabrics
6.3.6.2. Cotton Blends
6.3.7. Others
6.3.7.1. Paper
6.3.7.2. Paints
6.3.7.3. Surface Coatings
6.4. Y-o-Y Growth Trend Analysis By End-Use, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End-Use, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Form
8.2.3. By End-Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Form
8.3.3. By End-Use
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Form
9.2.3. By End-Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Form
9.3.3. By End-Use
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Form
10.2.3. By End-Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Form
10.3.3. By End-Use
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Form
11.2.3. By End-Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Form
11.3.3. By End-Use
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Form
12.2.3. By End-Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Form
12.3.3. By End-Use
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Form
13.2.3. By End-Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Form
13.3.3. By End-Use
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Form
14.2.3. By End-Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Form
14.3.3. By End-Use
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Form
15.1.2.2. By End-Use
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Form
15.2.2.2. By End-Use
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Form
15.3.2.2. By End-Use
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Form
15.4.2.2. By End-Use
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Form
15.5.2.2. By End-Use
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Form
15.6.2.2. By End-Use
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Form
15.7.2.2. By End-Use
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Form
15.8.2.2. By End-Use
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Form
15.9.2.2. By End-Use
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Form
15.10.2.2. By End-Use
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Form
15.11.2.2. By End-Use
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Form
15.12.2.2. By End-Use
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Form
15.13.2.2. By End-Use
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Form
15.14.2.2. By End-Use
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Form
15.15.2.2. By End-Use
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Form
15.16.2.2. By End-Use
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Form
15.17.2.2. By End-Use
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Form
15.18.2.2. By End-Use
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Form
15.19.2.2. By End-Use
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Form
15.20.2.2. By End-Use
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Form
15.21.2.2. By End-Use
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Form
15.22.2.2. By End-Use
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Form
15.23.2.2. By End-Use
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Form
16.3.3. By End-Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. BASF SE
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Hexion, Inc.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Hexzachem Sarawak Sdn Bhd
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Bakelite Synthetics
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Acron PJSC
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Asta Chemicals
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. ARCL Organics Ltd.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Capital Resin Corporation
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Biqem
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Metadynea
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Advachem SA
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
18. Assumptions & Acronyms Used19. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Form, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Form, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End-Use, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Form, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Form, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by End-Use, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Form, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Form, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by End-Use, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Form, 2019 to 2034
Table 22: Western Europe Market Volume (Tons) Forecast by Form, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by End-Use, 2019 to 2034
Table 24: Western Europe Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Form, 2019 to 2034
Table 28: Eastern Europe Market Volume (Tons) Forecast by Form, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by End-Use, 2019 to 2034
Table 30: Eastern Europe Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Form, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Form, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by End-Use, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Form, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by Form, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by End-Use, 2019 to 2034
Table 42: East Asia Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Form, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Form, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End-Use, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Tons) Forecast by End-Use, 2019 to 2034
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List of Charts
Figure 1: Global Market Value (US$ Million) by Form, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End-Use, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Form, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Form, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Form, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Form, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End-Use, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 16: Global Market Attractiveness by Form, 2024 to 2034
Figure 17: Global Market Attractiveness by End-Use, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Form, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End-Use, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Form, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Form, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Form, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Form, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End-Use, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 34: North America Market Attractiveness by Form, 2024 to 2034
Figure 35: North America Market Attractiveness by End-Use, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Form, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End-Use, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Form, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Form, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Form, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Form, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End-Use, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Form, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End-Use, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Form, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by End-Use, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Form, 2019 to 2034
Figure 63: Western Europe Market Volume (Tons) Analysis by Form, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Form, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Form, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by End-Use, 2019 to 2034
Figure 67: Western Europe Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Form, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by End-Use, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Form, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by End-Use, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Form, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Form, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Form, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Form, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by End-Use, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Form, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by End-Use, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Form, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by End-Use, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Form, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Form, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Form, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Form, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by End-Use, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Form, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by End-Use, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Form, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by End-Use, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Form, 2019 to 2034
Figure 117: East Asia Market Volume (Tons) Analysis by Form, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Form, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Form, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by End-Use, 2019 to 2034
Figure 121: East Asia Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Form, 2024 to 2034
Figure 125: East Asia Market Attractiveness by End-Use, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Form, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by End-Use, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Form, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Form, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Form, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Form, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by End-Use, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Form, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by End-Use, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
