The global modified urea formaldehyde resin market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market is driven by the increasing demand for adhesives and foams in various industries such as construction, automotive, furniture and packaging. The growing demand for adhesives and foams in these industries is expected to drive the growth of this market during the forecast period. The amine modified urea formaldehyde resin segment accounted for over 50% share of the global modified urea formaldehyde resin market in 2017 owing to its high performance properties such as low viscosity, high reactivity with phenolic resins and good compatibility with other resins such as melamine-formaldehyde resins or phenol-formaldehyde resins. This segment is also expected to grow at a higher CAGR during the forecast period due to its wide application scope across various end-use industries including construction, automotive, furniture and packaging among others. Asia Pacific was one of the fastest growing regions in terms of consumption volume owing to increased demand from countries such as China and India which are witnessing rapid economic development coupled with an increase in disposable income levels among consumers which has led them towards adopting more modern lifestyles that include spending on home improvement products like adhesives & foams that are made using modified urea formaldehyde resin products.
Some Of The Growth Factors Of This Market:
- The Modified Urea Formaldehyde Resin market is driven by the increasing demand for modified urea formaldehyde resin in the construction industry.
- The Modified Urea Formaldehyde Resin market is also driven by the increasing demand for modified urea formaldehyde resin in the furniture industry.
- Increasing disposable income and population growth are driving factors for the Modified Urea Formaldehyde Resin market.
- Increasing awareness about environmental issues and government regulations on hazardous chemicals are driving factors for the Modified Urea Formaldehyde Resin market.
Industry Growth Insights published a new data on “Modified Urea Formaldehyde Resin Market”. The research report is titled “Modified Urea Formaldehyde Resin Market research by Types (Amine Modified Urea Formaldehyde Resin, Phenol Modified Urea Formaldehyde Resin, Melamine Modified Urea Formaldehyde Resin, Others), By Applications (Adhesives, Foams, Others), By Players/Companies BASF, Hexion, Advachem, Metadynea, Mitsui Chemicals, Allnex, Dynea, Kronospan, Hexza Corporation Berhad, Chemiplastica, Georgia-Pacific (GP Chem), Tembec, Ercros, Foresa, Jilin Forest Industry, Sanmu Group, Yuntianhua, Gaoxing Muye, Guangzhou Yuanye, Bosson”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Modified Urea Formaldehyde Resin Market Research Report
By Type
Amine Modified Urea Formaldehyde Resin, Phenol Modified Urea Formaldehyde Resin, Melamine Modified Urea Formaldehyde Resin, Others
By Application
Adhesives, Foams, Others
By Companies
BASF, Hexion, Advachem, Metadynea, Mitsui Chemicals, Allnex, Dynea, Kronospan, Hexza Corporation Berhad, Chemiplastica, Georgia-Pacific (GP Chem), Tembec, Ercros, Foresa, Jilin Forest Industry, Sanmu Group, Yuntianhua, Gaoxing Muye, Guangzhou Yuanye, Bosson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Modified Urea Formaldehyde Resin Market Report Segments:
The global Modified Urea Formaldehyde Resin market is segmented on the basis of:
Types
Amine Modified Urea Formaldehyde Resin, Phenol Modified Urea Formaldehyde Resin, Melamine Modified Urea Formaldehyde Resin, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adhesives, Foams, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Hexion
- Advachem
- Metadynea
- Mitsui Chemicals
- Allnex
- Dynea
- Kronospan
- Hexza Corporation Berhad
- Chemiplastica
- Georgia-Pacific (GP Chem)
- Tembec
- Ercros
- Foresa
- Jilin Forest Industry
- Sanmu Group
- Yuntianhua
- Gaoxing Muye
- Guangzhou Yuanye
- Bosson
Highlights of The Modified Urea Formaldehyde Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Amine Modified Urea Formaldehyde Resin
- Phenol Modified Urea Formaldehyde Resin
- Melamine Modified Urea Formaldehyde Resin
- Others
- By Application:
- Adhesives
- Foams
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modified Urea Formaldehyde Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Modified urea formaldehyde resin is a type of plastic that is made from the by-products of the chemical manufacturing process. It is a strong, durable material that can be used to make products such as furniture, toys, and other consumer goods.
Some of the major players in the modified urea formaldehyde resin market are BASF, Hexion, Advachem, Metadynea, Mitsui Chemicals, Allnex, Dynea, Kronospan, Hexza Corporation Berhad, Chemiplastica, Georgia-Pacific (GP Chem), Tembec, Ercros, Foresa, Jilin Forest Industry, Sanmu Group, Yuntianhua, Gaoxing Muye, Guangzhou Yuanye, Bosson.
The modified urea formaldehyde resin market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Modified Urea Formaldehyde Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Modified Urea Formaldehyde Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Modified Urea Formaldehyde Resin Market - Supply Chain
4.5. Global Modified Urea Formaldehyde Resin Market Forecast
4.5.1. Modified Urea Formaldehyde Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Modified Urea Formaldehyde Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Modified Urea Formaldehyde Resin Market Absolute $ Opportunity
5. Global Modified Urea Formaldehyde Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Type
5.3.1. Amine Modified Urea Formaldehyde Resin
5.3.2. Phenol Modified Urea Formaldehyde Resin
5.3.3. Melamine Modified Urea Formaldehyde Resin
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Modified Urea Formaldehyde Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Application
6.3.1. Adhesives
6.3.2. Foams
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Modified Urea Formaldehyde Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Modified Urea Formaldehyde Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Modified Urea Formaldehyde Resin Demand Share Forecast, 2019-2029
9. North America Modified Urea Formaldehyde Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Application
9.4.1. Adhesives
9.4.2. Foams
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Type
9.7.1. Amine Modified Urea Formaldehyde Resin
9.7.2. Phenol Modified Urea Formaldehyde Resin
9.7.3. Melamine Modified Urea Formaldehyde Resin
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Modified Urea Formaldehyde Resin Demand Share Forecast, 2019-2029
10. Latin America Modified Urea Formaldehyde Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Application
10.4.1. Adhesives
10.4.2. Foams
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Type
10.7.1. Amine Modified Urea Formaldehyde Resin
10.7.2. Phenol Modified Urea Formaldehyde Resin
10.7.3. Melamine Modified Urea Formaldehyde Resin
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Modified Urea Formaldehyde Resin Demand Share Forecast, 2019-2029
11. Europe Modified Urea Formaldehyde Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Application
11.4.1. Adhesives
11.4.2. Foams
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Type
11.7.1. Amine Modified Urea Formaldehyde Resin
11.7.2. Phenol Modifie Urea Formaldehyde Resin
11.7.3. Melamine Modified Urea Formaldehyde Resin
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Modified Urea Formaldehyde Resin Demand Share, 2019-2029
12. Asia Pacific Modified Urea Formaldehyde Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Application
12.4.1. Adhesives
12.4.2. Foams
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Type
12.7.1. Amine Modified Urea Formaldehyde Resin
12.7.2. Phenol Modified Urea Formaldehyde Resin
12.7.3. Melamine Modified Urea Formaldehyde Resin
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Modified Urea Formaldehyde Resin Demand Share, 2019-2029
13. Middle East & Africa Modified Urea Formaldehyde Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Application
13.4.1. Adhesives
13.4.2. Foams
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Modified Urea Formaldehyde Resin Market Size and Volume Forecast by Type
13.7.1. Amine Modified Urea Formaldehyde Resin
13.7.2. Phenol Modified Urea Formaldehyde Resin
13.7.3. Melamine Modified Urea Formaldehyde Resin
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Modified Urea Formaldehyde Resin Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Modified Urea Formaldehyde Resin Market: Market Share Analysis
14.2. Modified Urea Formaldehyde Resin Distributors and Customers
14.3. Modified Urea Formaldehyde Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hexion
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Advachem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Metadynea
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsui Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Allnex
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dynea
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kronospan
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hexza Corporation Berhad
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chemiplastica
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Georgia-Pacific (GP Chem)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tembec
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ercros
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Foresa
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jilin Forest Industry
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sanmu Group
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yuntianhua
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Gaoxing Muye
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Guangzhou Yuanye
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Bosson
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook