Formaldehyde Free Resin Market Analysis

Formaldehyde-free resins are the adhesive which replaces traditional urea-formaldehyde glass mat resins and phenol-formaldehyde insulation. They are designed for mineral fiber and fiberglass applications in commercial & industrial and non-woven residential insulation. The global formaldehyde-free resin is expected to have substantially high growth rate, attributed to growing adhesive industry across the globe. North America accounts for significantly high revenue share in the global formaldehyde-free resin market, attributed to robust marketing and demand for furniture in the region.

Global Formaldehyde-Free Resin Market Dynamics:

The growth of global formaldehyde-free resin market is driven by growing furniture, construction, and adhesive industry. The macroeconomic factor responsible for the growth of global formaldehyde-free resin market is the rapid rate of urbanization, rising disposable income, and regulations over the use of adhesive for furniture. The advantages of formaldehyde-free resin including be easy-to-use, easy-to-store, reduce emissions of hazardous formaldehyde, and requiring no capital investment for retrofitting also fueling the global formaldehyde-free resin market. The company providing the formaldehyde-free resin have significantly high opportunity in regions such as North America, Europe, and Asia-Pacific, owing to the significant demand for formaldehyde-free resin with rising demand for the adhesive in the regions. The formaldehyde-free resin market also has a significant opportunity in Latin America and the Middle East and Africa region as these are the emerging market, attributed to rising disposable income of consumers in these regions.

Global Formaldehyde-Free Resin Market Segmentation:

Basically, global formaldehyde-free resin market is segmented on the basis of product type, end-use, and region. On the basis of product type global formaldehyde-free resin market is segmented as wood adhesive, foil bonding adhesive, fiberglass adhesive, and mineral fiber adhesive. Among the product type segment, chemicals contribute for the significant revenue share over the forecast period in global formaldehyde-free resin market, owing to increasing demand for formaldehyde-free resin in various segments of the chemical industry. On the basis of end-use, the global formaldehyde-free resin market is segmented as residential insulation and commercial and industrial (C&I) insulation, wherein commercial and industrial (C&I) insulation segment is growing at a significant growth rate.

Based on product type, the global formaldehyde-free resin market is segmented into:

• Wood Adhesive
  
• Foil Bonding Adhesive
  
• Fiberglass Adhesive
  
• Mineral Fiber Adhesive
  

Based on end-use, the global formaldehyde-free resin market is segmented into:

• Residential Insulation
  
• Commercial and Industrial (C&I) Insulation
  

Global Formaldehyde-Free Resin Market Regional Outlook:

Based on the geographies, the global formaldehyde-free resin market is fragmented into seven key regions -- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America accounts for a significant share of global formaldehyde-free resin market, owing to relatively high-value share of the region in the global furniture market. Western Europe is followed by North America region in the global formaldehyde-free resin market. The Asia-Pacific except Japan region accounts for significantly high volume share in the global formaldehyde-free resin market, owing to the substantial growth in the furniture industry in the region as a result of growing population. Eastern Europe and Japan also accounts for significant value share in the global formaldehyde-free resin market, owing to the significant growth of the adhesive product industry over the forecast period. The developing economy such as Middle East Africa and Latin America have a moderate opportunity in the global formaldehyde-free resin market, owing to the rapid rate of urbanization. Overall, the outlook for the global formaldehyde-free resin market will have a positive growth over the forecast period, owing to the increasing demand for the non-hazardous adhesive in end-use industries as an anti-counterfeiting measure.

Global Formaldehyde-Free Resin Market Player:

Few players in the global formaldehyde-free resin market include DSM Inc., Georgia-Pacific Chemicals LLC, The Dow Chemical Company, Fraunhofer-Gesellschaft, EGGER GROUP, and NineSigma, Inc.

The Report covers exhaustive analysis on:

• Formaldehyde-Free Resin Market  Segments
  
• Formaldehyde-Free Resin Market  Dynamics
  
• Historical Actual Market Size, 2013-2015 for Formaldehyde-Free Resin Market
  
• Formaldehyde-Free Resin Market  Size & Forecast 2016 to 2026
  
• Value Chain
  
• Formaldehyde-Free Resin Market  Current Trends/Issues/Challenges
  
• Competition and Companies involved in Formaldehyde-Free Resin Market
  
• Formaldehyde-Free Resin Market  Drivers and Restraints
  

Regional analysis for Formaldehyde-Free Resin Market  includes:

• North America
  
  • US & Canada
    
• Latin America
  
  • Brazil, Argentina & Others
    
• Western Europe
  
  • EU5
    
  • Nordics
    
  • Benelux
    
• Eastern Europe
  
  • Russia
    
  • Poland
    
  • Rest of Eastern Europe
    
• Asia Pacific
  
  • Australia and New Zealand (ANZ)
    
  • Greater China
    
  • India
    
  • ASEAN
    
  • Rest of Asia Pacific
    
• Japan
  
• Middle East and Africa
  
  • GCC Countries
    
  • Other Middle East
    
  • North Africa
    
  • South Africa
    
  • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
  
• Changing market dynamics of the Global Formaldehyde-Free Resin Market
  
• In-depth market segmentation of the Global Formaldehyde-Free Resin Market
  
• Historical, current and projected market size in terms of volume and value of Global Formaldehyde-Free Resin Market
  
• Recent industry trends and developments of Global Formaldehyde-Free Resin Market
  
• Competitive landscape of Global Formaldehyde-Free Resin Market
  
• Strategies of key players and product offerings in the Global Formaldehyde-Free Resin Market
  
• Potential and niche segments/regions exhibiting promising growth in Global Formaldehyde-Free Resin Market
  
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint.
  

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