Urea Formaldehyde Market Growth, Demand and Challenges of the Key Industry Players 2023-2028
                     Global Urea 
Formaldehyde Market 
Research and Forecast 
Report 2023-2028
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  to  t he  la tes t  repo r t  by  I MARC Group,  t i t led  " Urea Formal dehyde  
Market :  G l oba l  Indust ry  T rends ,  Share ,  S ize ,  Growth ,  O pportun i ty  and  
Forecast  2023-2028, "  t he  g loba l  u rea  f o rma ldehyde marke t  s i ze  reached US$ 9 .5  
B i l l i on  in  2022 .
Report Urea- fo rma ldehyde ,  a lso  known as  u rea -methana l ,  re fe rs  to  a  non - t r ansparen t  
t hermose t  syn t he t i c  res in  made  f r om a  chemica l  r eac t i on  be t ween urea  and 
fo rma ldehyde .  I t  i s  used  as  an  adhes i ve  and  i nsu la t ing  agen t  in  mo ld ing  e lec t r i ca l  
Highlight and i t ems ,  such  as  desk  lamps ,  t o  p reven t  e l ec t r i c  shocks .  
I t  can  res is t  h igh  t empera tu res  and has  h igh  t ens i le  s t r eng th ,  f l exura l  modu lus ,  
Description su r f ace  ha rdness ,  m in ima l  wat e r  absorp t ion ,  and  mo ld  sh r inkage.  As  a  resu l t ,  
u rea  fo rma ldehyde  f inds  ex t ens ive  app l i ca t ions  as  b inde rs  in  manu fac t u r ing  
p las t i cs ,  bo t t l e  caps ,  par t i c le  boards ,  and  f oams  fo r  c rea t i ng  a r t i f i c ia l  snow in  
mov ies  and  amusement  parks  ac ross  t he  g lobe .
Request  fo r  a  PDF  sample  o f  th i s  repor t :  
ht tps : / / www. imarcgroup .com/u rea - f o rmaldehyde-marke t / reques tsamp le
Report Description
G l o b a l  U r e a  F o r m a l d e h y d e  M a r k e t  T r e n d s :
T h e  r i s i n g  c o n s t r u c t i o n  o f  r e s i d e n t i a l  a n d  c o m m e r c i a l  b u i l d i n g s  o w i n g  t o  t h e  e x p a n d i n g  g l o b a l  p o p u l a t i o n  r e p r e s e n t s  t h e  p r i m a r y  f a c t o r  
d r i v i n g  t h e  m a r ke t  g r o w t h .  M o r e o v e r ,  u r e a - f o r m a l d e h y d e  f o a m s  a r e  w i d e l y  u s e d  a s  t h e r m a l  i n s u l a t o r s  i n  w a l l s  t o  o ff e r  c o n v e n t i o n a l  i n s u l a t i o n  
d u e  t o  t h e i r  e x c e l l e n t  i n s u l a t i n g  p r o p e r t i e s .  I n  l i n e  w i t h  t h i s ,  t h e  r i s i n g  u s e  o f  p l y w o o d  a n d  m e d i u m - d e n s i t y  fi b e r b o a r d  i n  c o n s t r u c t i o n  
a c t i v i t i e s  i s  p o s i t i v e l y  i n fl u e n c i n g  m a r ke t  g r o w t h .  A p a r t  f r o m  t h i s ,  t h e  i n c r e a s i n g  u s e  o f  u r e a - f o r m a l d e h y d e  i n  t h e  a g r i c u l t u r a l  fi e l d  a s  a  
s o u r c e  o f  s l o w - r e l e a s e  n i t r o g e n  f e r t i l i z e r  i s  a n o t h e r  m a j o r  g r o w t h - i n d u c i n g  f a c t o r.  A d d i t i o n a l l y ,  u r e a - f o r m a l d e h y d e  h e l p s  i m p r o v e  s o i l  
p e r m e a b i l i t y ,  t i g h t l y  b i n d  t h e  p a r t i c l e s ,  r e d u c e  t h e  r e l e a s e  r a t e ,  a n d  p r o m o t e  t h e  f o r m a t i o n  o f  a n  a g g r e g a t e d  s o i l  s t r u c t u r e .  C o n s e q u e n t l y ,  
t h e  e s c a l a t i n g  d e m a n d  f o r  u r e a  f o r m a l d e h y d e  f e r t i l i z e r s ,  w h i c h  a r e  d e g r a d e d  b y  m i c r o b e s  i n t o  f o r m a l d e h y d e  a n d   u r e a  u s e d  a s  a  n i t r o g e n  
s o u r c e  a n d  s u p p o r t s  t h e  h e a l t h y  d e v e l o p m e n t  o f  f o l i a g e  a n d  f r u i t ,  i s  p r o p e l l i n g  t h e  m a r ke t  g r o w t h .  Fu r t h e r m o r e ,  t h e r e  h a s  b e e n  a  r i s e  i n  t h e  
u s e  o f  s y n t h e t i c  r e s i n  i n  p a p e r m a k i n g  a s  i t  i m p r o v e s  t h e  w e t  s t r e n g t h  o f  p a p e r  a n d  r e d u c e s  t h e  p r o d u c t i o n  o f  d u l l  s h e e t s .  A l o n g  w i t h  t h i s ,  
t h e  r i s i n g  u s e  o f  p a p e r  t o  o v e r c o m e  t h e  e n v i r o n m e n t a l  i m p a c t  o f  p l a s t i c s  i s  c o n t r i b u t i n g  t o  m a r ke t  g r o w t h .  B e s i d e s  t h i s ,  t h e  e s c a l a t i n g  
d e m a n d  f o r  g o o d  q u a l i t y  a n d  a ff o r d a b l e  a d h e s i v e s  a n d  r e s i n s  i n  t h e  e l e c t r o n i c s  a n d  a u t o m o t i v e  i n d u s t r i e s  h a s  c a t a l y z e d  m a r ke t  g r o w t h .  
O t h e r  f a c t o r s ,  i n c l u d i n g  t h e  i n c r e a s i n g  d e m a n d  f o r  p a r t i c l e  b o a r d s  f r o m  t h e  f u r n i t u r e  s e c t o r ,  r i s i n g  i n f r a s t r u c t u r e  m o d e r n i z a t i o n ,  a n d  r a p i d  
u r b a n i z a t i o n  a n d  i n d u s t r i a l i z a t i o n ,  a r e  a l s o  c r e a t i n g  a  f a v o r a b l e  m a r ke t  o u t l o o k .  L o o k i n g  f o r w a r d ,  I M A RC  G r o u p  e x p e c t s  t h e  m a r ke t  v a l u e  t o  
r e a c h  U S $  1 2 . 1  B i l l i o n  b y  2 0 2 8 ,  e x p a n d i n g  a t  a  C A G R  o f  3 . 9 %  d u r i n g  2 0 2 3 - 2 0 2 8 .
L o o k i n g  f o r w a r d ,  I M A R C  G r o u p  e x p e c t s  t h e  m a r k e t  v a l u e  t o  r e a c h  U S $  1 2 . 1  B i l l i o n  b y  2 0 2 8 ,  e x p a n d i n g  a t  a  C A G R  o f  3 . 9 %  d u r i n g  2 0 2 3 - 2 0 2 8
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / u r e a - f o r m a l d e h y d e - m a r k e t
Breakup by Type:
• Urea Formaldehyde Powder
• Urea Formaldehyde Solut ion
 
Breakup by Application:
• Part ic le Board
Report • Medium Density Fibreboard
• Plywood
Segmentation • Adhesives and Coatings
• Molding Compounds
• Others
Breakup by End Use Industry:
• Furniture
• Building and Construct ion
• Transportation 
• Electrical  and Electronics 
• Others
Breakup by Region:
• North America
Report 
• Asia-Pacifi c
Segmentation • Europe
• Latin America
• Middle East and Afr ica
• AB Achema (Koncernas Achemos Grupe)
• Acron Group
• Asta Chemicals Sdn. Bhd.
• BASF SE
Competitive 
• Boreal is AG (OMV AG)
Landscape • Foresa
with Key • Gruppo Frat i  S.p.A
• Hexion Inc.
Players
• Mansoura for Resins & Chemical  Industries 
Co. (MRI)
• Metafrax Chemicals.
What was the size of the global urea formaldehyde 
market in 2022?
What is the expected growth rate of the global urea 
formaldehyde market during 2023-2028?
What are the key factors driving the global urea 
Key formaldehyde market?
Questions What has been the impact of COVID-19 on the 
global urea formaldehyde market?
Answered in 
What is the breakup of the global urea 
the Report formaldehyde market based on the application?
What is the breakup of the global urea 
formaldehyde market based on the end use 
industry?
What are the key regions in the global urea 
formaldehyde market?
Who are the key players/companies in the global 
urea formaldehyde market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  U r e a  F o r m a l d e h y d e  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  T y p e
    6 . 1     U r e a  F o r m a l d e h y d e  P o w d e r
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     U r e a  F o r m a l d e h y d e  S o l u t i o n
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
7     M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    7 . 1     P a r t i c l e  B o a r d
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
       
    7 . 2     M e d i u m  D e n s i t y  F i b r e b o a r d
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     P l y w o o d
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
    7 . 4     A d h e s i v e s  a n d  C o a t i n g s
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
    7 . 5     M o l d i n g  C o m p o u n d s
Table of         7 . 5 . 1  M a r k e t  T r e n d s        7 . 5 . 2  M a r k e t  F o r e c a s t
    7 . 6     O t h e r s
Contents         7 . 6 . 1  M a r k e t  T r e n d s        7 . 6 . 2  M a r k e t  F o r e c a s t
8     M a r k e t  B r e a k u p  b y  E n d  U s e  I n d u s t r y
    8 . 1     F u r n i t u r e
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     B u i l d i n g  a n d  C o n s t r u c t i o n
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     T r a n s p o r t a t i o n  
        8 . 3 . 1  M a r k e t  T r e n d s
        8 . 3 . 2  M a r k e t  F o r e c a s t
    8 . 4     E l e c t r i c a l  a n d  E l e c t r o n i c s  
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /u rea - f o rm a l dehy de -m a rke t / t o c
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