Lucintel’s latest market report analyzed that urea formaldehyde provides attractive opportunities in the furniture, building and construction, transportation and electrical & electronics industries. The urea formaldehyde market is expected to reach $19.9 billion by 2027 with a CAGR of 5.7%. In this market, furniture is the largest segment by end use industry, whereas Medium density fiber board (MDF) is largest by application. Introduction scavenger technology to reduce the VOC content while using UF adhesive in different application provides strategic growth path in this market.
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Based on end use industry, the urea formaldehyde market is segmented into furniture, building and construction, transportation, electrical and electronics, and others. The furniture segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to changing lifestyle increase in consumer purchasing power, and growing interest in home decoration.
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The Urea Formaldehyde Market is marked by the presence of several big and small players. Some of the prominent players offering urea formaldehyde include BASF Corporation, Georgia-Pacific Chemicals LLC, Rayonier Advanced Materials, Hexion Inc., Ashland, Foresa, INEOS, Advachem SA, Kronospan Ltd., and SAFCO.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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Contact Information:
Brandon Fitzgerald Lucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056 Cell: 303.775.0751
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