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Liquid Urea-formaldehyde Resin Manufacturing Industry

Liquid Urea-Formaldehyde Resin Manufacturing Industry. Urea-Formaldehyde (UF) Resins for Wood Urea-formaldehyde (UF) resin, one of the most important formaldehyde resin adhesives, is a polymeric condensation product of formaldehyde with urea, and being widely used for the manufacture of wood-based composite panels, such as plywood, particleboard, and fiberboard. In spite of its benefits such as fast curing, good performance in the panels (colorless), and lower cost; formaldehyde emission (FE) originated from either UF resin itself or composite products bonded by UF resins is considered a critical drawback as it affects human health particularly in indoor environment. Urea-formaldehyde resins are widely used in industry as binders for the production of bonded wood products, particularly particle board, plywood, and various fibreboards. Urea formaldehyde resin is a non-transparent, cross-linked thermoset resin or plastic obtained by chemical combination of urea and formaldehyde. It offers properties such as high tensile strength, flexural modulus, scratch resistance, high heat distortion temperature, low water absorption, mold shrinkage, high surface hardness, elongation at break, and volume resistance urea formaldehyde resins are used as adhesives in various end-use industries. Urea formaldehyde resin is a rigid odorless synthetic material that is used in electrical fittings, adhesives, laminates, and finishes for textiles. These resins are economically cost-effective than other resins such as phenol-formaldehyde resins. This makes it more popular among industries such as textiles, papers, and foundry. The urea formaldehyde resin market is expected to expand at a significant pace during the forecast period. Market Outlook The global urea formaldehyde resin market is expected to reach a value of $9.3 billion by 2019 and is projected to grow at a CAGR of 7.3% between 2014 and 2019. The global urea formaldehyde resin market is driven by the growing demand from furniture industry and increasing consumption by end use applications, such as plywood, medium density fiberboard, adhesives and coatings, and particle board. The urea formaldehyde market is a double-digit billion dollar industry and is expected to grow at very impressive rate during the forecast period. The UF resin are economically cost-effective in nature than other resin such as phenol-formaldehyde resins, thus making it more popular among industries such as textiles, papers, foundry etc. The automotive industry is one of the fastest growing industries in the world and is directly related to the UF resins industry. The rapid growth of the automotive industry, especially in the Asia-Pacific and the Middle East & Africa region, is driving the demand for UF resins, owing to its diverse and various applications. The consumption of resins has expanded constantly in the past decade and currently contributes a significant amount. The above factors is likely to have a deep impact on the global UF market in the coming years. Particle boards have largest market share globally due to the increase in the demand from the furniture industry. The advantages associated with particleboards, like easy availability, low cost, and excellent thermal property make them ideal for furniture manufacturing industry. Additionally, increasing perception in automobiles and consumer appliances industry is further favoring the market throughout the forecast period. Based on application, the urea formaldehyde resin market can be segmented into automobiles, electrical appliance, home appliances (furniture), agriculture, and others. Adhesives are used to glue wood together in industries that deal in textile, paper, foundry sand molds, wrinkle resistant fabrics, cotton blends, rayon, corduroy, etc. Urea formaldehyde resin glues are used in the aircraft industry for gluing plywood and wooden aircraft structures. It is also primarily used in electrical appliances for casing. Urea formaldehyde resin is used in agricultural field as a source of nitrogen fertilizer to increase the productivity of crops. Formaldehyde and its resins are used in various building construction materials such as pressed wood products. Urea formaldehyde is used as an adhesive in these construction materials. It is mixed while constructing home walls, which acts as an insulating agent. The global construction material market is expected grow during the forecast period. This growth is witnessed due to the growing government expenditure on infrastructure and expansion of commercial and real estate market. Therefore, as the demand for construction material is growing in the global market, the consumption of urea formaldehyde will also be accelerated during the forecast period. 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