Formaldehyde-free resin is an excellent replacement of the conventional urea-formaldehyde and phenol-formaldehyde resins used for insulation purpose in furniture, adhesive and construction industry. Formaldehyde-free resins are also used in the textile industry to increase the color retention of various shades of jeans. The phenol-formaldehyde (PF) resin industry is facing an increasing challenge with respect to concerns regarding human health owing to the consumption of carcinogenic formaldehyde. Also inclusion of petroleum-based phenol in PF resin manufacturing poses risk towards sustainability.
Formaldehyde-free resin offer enhanced moisture resistance, excellent adhesion and cure performance when used in wood adhesives for industrial as well as residential applications. This has led to increase in the use of formaldehyde-free resin in the adhesive industry, which has amplified the growth of formaldehyde-free resin market. Formaldehyde-free resins are also used for binding fiberglass filaments in the fabrication of industrial nonwovens, including fiberglass webs used in roofing insulation, flooring, and HVAC filters.
Request For Sample Copy of this Research Report :
https://www.coherentmarketinsights.com/insight/request-sample/302
Formaldehyde-free Resin Market Outlook – Stringent Regulations on the use of Formaldehyde Expected to Propel Demand
Stringent laws restricting the use of formaldehyde resins have forced the manufacturers and end users to opt for formaldehyde-free alternatives in the resin market. The World Health Organization’s International Agency for Research on Cancer, in June 2004 categorized formaldehyde as a group l chemical, which indicates it is carcinogenic to humans. As a result, the Occupational Safety and Health Administration (OSHA) in the U.S. regulated the acceptable exposure level of formaldehyde as 1 ppm. This has propelled consumption of formaldehyde-free resins in construction, adhesive and furniture industries, which has augmented growth of formaldehyde-free resin market. Asia Pacific has a major share in volume in the formaldehyde-free resin market. This is mainly attributed to budding urbanization and modern infrastructural needs in the emerging economies of the region.
High price of the formaldehyde-free resin is expected to be one of the restraining factors for the growth of formaldehyde-free resin industry over the forecast period. Research and development related to lowering the cost of the formaldehyde resin in the near future is one of the key strategies implemented by the market players to maintain their position. Some of the companies operating in the global formaldehyde-free resin market are Georgia-Pacific Chemicals LLC., The Dow Chemical Company, DSM, ARCL Organics Ltd., allnex group, Emerald Performance Materials, BASF SE, and Hexion.
For More Information:
https://www.coherentmarketinsights.com/ongoing-insight/formaldehyde-free-resin-market-302
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]