"According to a new country report published by Lucintel, the future in the urea formaldehyde resin market in the United States looks promising with opportunities in the furniture, building and construction, transportation, and electrical & electronics industries. The urea formaldehyde market in the United States is primarily driven by growth drivers in this market are increasing demand for low cost, highly reactive binders for medium density fiber board, plywood, and particle board in the furniture, building, and construction industries.
This report studies factors affecting the urea formaldehyde market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that medium density fiberboard will remain the largest application by value and volume over the forecast period because of growing demand for MDF in doors, window boards, shelving, furniture panels, wall linings, baseboards, moldings, and decorative facades. Within the urea formaldehyde market in the United States, furniture will remain the largest end use industry by value and volume due to changing lifestyle, increase in consumer purchasing power, and growing interest in home decoration.
Emerging trends, which have a direct impact on the dynamics of the urea formaldehyde resin industry, include development of scavenger technology to reduce the VOC content.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the urea formaldehyde market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Urea Formaldehyde Resin Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the urea formaldehyde market in the United States by application and end use industry as follows:
Urea Formaldehyde Resin Market by Application (Volume (Million Pounds) and $M shipment analysis for 2014 – 2025):
• Medium density fiber board
• Particle board
• Adhesive and and Coating
• Molding compounds
Urea Formaldehyde Resin Market by End Use Industry (Volume (Million Pounds) and $M shipment analysis for 2014 – 2025):
• Building and Construction
• Electrical and Electronics
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/urea-formaldehyde-resin.aspx or write to us at [email protected]
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com "