Urea Formaldehyde Market

Urea Formaldehyde Market: Segmentation

Most of the demand is expected to generate from home appliances and electrical appliances, however, its usage in agriculture is gaining momentum, particularly as a source of nitrogen fertilizer.

Particle board followed by adhesives and plywood are the key applications of urea formaldehyde. High growth is expected in adhesive applications, primarily due to increasing penetration in automobiles and electrical appliances industries during the forecast period.

Urea Formaldehyde Market: Region-wise Outlook

On the basis of region urea formaldehyde finds its market scope in North America, Latin America, Middle East & Africa, Europe and Asia-Pacific. North America and Europe dominates the urea formaldehyde market in terms of consumption, however, Asia Pacific and Latin America are expected to be the most promising region in terms of incremental opportunities lying ahead for generating high revenue. High production cost coupled with prolonged economic crisis in developed regions of Europe has led to the shifting of urea formaldehyde market to Asia Pacific. Economic reforms in Malaysia, China and India along with high GDP growth rate is fuelling the urea formaldehyde market in these regions. Though Asia Pacific is lucrative in terms of revenue generation, volatility exists mainly due to the unorganized end-use industries in two large market bases-china and India.

Urea Formaldehyde Market: Key Players

Company needs to meet the stringent quality norms before marketing their product especially in developing regions of Asia Pacific.

Some of the market participants in the global urea formaldehyde market are BASF SE, The Dow Chemical Company, Ashland Inc., DuPont, Kronospan Ltd., Advachem SA, etc.

Going through these points, there is no doubt that urea formaldehyde market hold good market prospects in near future, thereby is anticipated to grow at impressive CAGR during the forecast period, 2015–2025.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

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.

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