November 12, 2021 05:38 ET | Source: Research and Market Research and Market
Dublin, November 12, 2021 (Global News Agency)-ResearchAndMarkets.com has added a report "Opportunities in the Urea Formaldehyde Market: Growth Trends, Forecasts and Competitive Analysis" to the products of ResearchAndMarkets.com.
The future prospects of the urea formaldehyde market are broad, with opportunities in the furniture, construction and construction, transportation, and electrical and electronic industries. By 2026, the global urea formaldehyde market is expected to reach 14.2 billion U.S. dollars, with a compound annual growth rate of 4.8% from 2021 to 2026. The main growth driver for this market is the increasing demand for low-cost, highly reactive adhesives for medium density fiberboard, plywood, and particleboard for the furniture, construction and construction industries. Emerging trends that have a direct impact on the dynamics of the urea-formaldehyde resin industry include the introduction of scavenger technology to reduce VOC content and the use of UF binders in different applications. This 166-page report provides a total of 100 figures/graphs and 81 tables to help you make business decisions. To understand the scope of revenue, company research and other details of the global urea formaldehyde market report, please read this report.
The research includes the trends and forecasts of the global urea formaldehyde market by application, end-use industry and region as follows:
By application [quantity (M pounds) and $M shipment analysis from 2015 to 2026]:
By end-use industry [Analysis of volume (million pounds) and million-dollar shipments from 2015 to 2026]:
By region [Analysis of quantity (M pounds) and $ M USD shipments from 2015 to 2026]:
In this market, medium density fiberboard (MDF), plywood, particleboard, adhesives and molding compounds are used for urea-formaldehyde manufacturing applications. Analysts predict that during the forecast period, medium-density fiberboard (MDF) will continue to be the most valuable and quantitative application, because doors, window panels, shelves, furniture panels, wall linings, skirting boards, lines and decorative exterior walls are expected to be in The highest growth rate will also occur during the forecast period. In the global urea formaldehyde market, due to changes in lifestyles, increased consumer purchasing power, and growing interest in home decoration, furniture will still be the end-use industry with the greatest value and quantity. Transportation is expected to achieve the highest growth during the forecast period. In terms of value and volume, the Asia-Pacific region is expected to remain the largest region; due to the increase in construction activities and the increase in the production of automobiles and electrical appliances, the region is also expected to experience the highest growth during the forecast period. For more information about this report, please visit https://www.researchandmarkets.com/r/64470