Formaldehyde-free Resin Market Overview
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.

Formaldehyde-free Resin Market Taxonomy

On the basis of product type global market is classified into:

Wood Adhesive

Fiberglass Adhesive

Foil Bonding Adhesive

Mineral Fiber Adhesive

On the basis of end use industry, the global market is segmented into:

Automobile

Textile

Chemicals

Furniture

Construction

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Major Keyplayers: Georgia-Pacific Chemicals LLC., The Dow Chemical Company, DSM, ARCL Organics Ltd., allnex group, Emerald Performance Materials, BASF SE, and Hexion.

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