Lucintel Forecasts the Global Urea Formaldehyde Market to Reach $15 billion by 2031

According to a market report by Lucintel, the future of the global urea formaldehyde market looks promising with opportunities in the furniture, building and construction, transportation and electrical & electronics industries. The global urea formaldehyde market is expected to reach an estimated $15 billion by 2031 with a CAGR of 4% 2024 to 2031. The major growth drivers in this market are increasing demand for low cost, highly reactive binders for medium density fiber board, plywood, and particle board in the furniture, building, and construction industries.

A more than 150-page report to understand trends, opportunity and forecast in urea formaldehyde market to 2031 by applications (medium density fiber board, plywood, particle board, adhesive, molding compound, and others), by end use industry (furniture, building and construction, transportation, electrical and electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that furniture end use industry will remain the largest end use industry segment over the forecast period.

MDF application of urea formaldehyde will remain the largest segment over the forecast period.

Download sample by clicking on urea formaldehyde market

Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period.

BASF SE, Bakelite Synthesis, Rayonier Advanced Materials, Hexion, INEOS Enterprise (KPS Capital), Foresa, Advachem SA, Kronospan Ltd., SABIC AGRI NUTRIENTS are the major supplier in the urea formaldehyde market.

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 write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056

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