Global Urea-Formaldehyde Market to Reach $15.8 Billion by 2030
The global market for Urea-Formaldehyde estimated at US$11.3 Billion in the year 2022, is projected to reach a revised size of US$15.8 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Particle board, one of the segments analyzed in the report, is projected to record 4.3% CAGR and reach US$5.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Plywood segment is readjusted to a revised 4.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 6.9% CAGR
The Urea-Formaldehyde market in the U.S. is estimated at US$3.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.Select Competitors (Total 43 Featured) -
- ARCL Organics Ltd.
- BASF SE
- Borealis AG
- ChemiplastiCA SpA
- ChimiCA Pomponesco S.P.A.
- Georgia-Pacific Chemicals LLC
- Hexion Inc.
- Hexza Corporation Berhad
- INEOS Group
- MRI Company
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- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Urea-Formaldehyde - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Urea-Formaldehyde by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 2: World Historic Review for Urea-Formaldehyde by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 3: World 16-Year Perspective for Urea-Formaldehyde by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
- Table 4: World Recent Past, Current & Future Analysis for Particle board by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 5: World Historic Review for Particle board by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 6: World 16-Year Perspective for Particle board by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 7: World Recent Past, Current & Future Analysis for Plywood by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 8: World Historic Review for Plywood by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 9: World 16-Year Perspective for Plywood by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 10: World Recent Past, Current & Future Analysis for Molding Compounds by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 11: World Historic Review for Molding Compounds by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 12: World 16-Year Perspective for Molding Compounds by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 13: World Recent Past, Current & Future Analysis for Adhesives & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 14: World Historic Review for Adhesives & Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 15: World 16-Year Perspective for Adhesives & Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 16: World Recent Past, Current & Future Analysis for Decorative Laminates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 17: World Historic Review for Decorative Laminates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 18: World 16-Year Perspective for Decorative Laminates by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 19: World Urea-Formaldehyde Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 20: USA Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 21: USA Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 22: USA 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- CANADA
- Table 23: Canada Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 24: Canada Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 25: Canada 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- JAPAN
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 26: Japan Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 27: Japan Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 28: Japan 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- CHINA
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 29: China Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 30: China Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 31: China 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- EUROPE
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 32: Europe Recent Past, Current & Future Analysis for Urea-Formaldehyde by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 33: Europe Historic Review for Urea-Formaldehyde by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 34: Europe 16-Year Perspective for Urea-Formaldehyde by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
- Table 35: Europe Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 36: Europe Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 37: Europe 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- FRANCE
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 38: France Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 39: France Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 40: France 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- GERMANY
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 41: Germany Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 42: Germany Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 43: Germany 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- ITALY
- Table 44: Italy Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 45: Italy Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 46: Italy 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- UNITED KINGDOM
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 47: UK Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 48: UK Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 49: UK 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- SPAIN
- Table 50: Spain Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 51: Spain Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 52: Spain 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- RUSSIA
- Table 53: Russia Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 54: Russia Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 55: Russia 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- REST OF EUROPE
- Table 56: Rest of Europe Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 57: Rest of Europe Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 58: Rest of Europe 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- ASIA-PACIFIC
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 59: Asia-Pacific Recent Past, Current & Future Analysis for Urea-Formaldehyde by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 60: Asia-Pacific Historic Review for Urea-Formaldehyde by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 61: Asia-Pacific 16-Year Perspective for Urea-Formaldehyde by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
- Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 63: Asia-Pacific Historic Review for Urea-Formaldehyde by Application - Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 64: Asia-Pacific 16-Year Perspective for Urea-Formaldehyde by Application - Percentage Breakdown of Value Sales for Particle board, Plywood, Molding Compounds, Adhesives & Coatings and Decorative Laminates for the Years 2014, 2023 & 2030
- AUSTRALIA
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
- INDIA
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
- MIDDLE EAST
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
- IRAN
- ISRAEL
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- AFRICA
- Urea-Formaldehyde Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ARCL Organics Ltd.
- BASF SE
- Borealis AG
- ChemiplastiCA SpA
- ChimiCA Pomponesco S.P.A.
- Georgia-Pacific Chemicals LLC
- Hexion Inc.
- Hexza Corporation Berhad
- INEOS Group
- MRI Company
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 193 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 11.3 Billion |
Forecasted Market Value ( USD | $ 15.8 Billion |
Compound Annual Growth Rate | 4.3% |
Regions Covered | Global |