Europe Urea Formaldehyde Resin Market

The Europe Urea Formaldehyde Resin Market had around 37% of the market share value in 2013, and is growing at a CAGR of 8.6%, for the period 2013-2018. Europe Urea formaldehyde resin market has grown considerably during the past few years and is expected to grow at a rapid pace in the coming years. Currently, more than half of the total global market is in manufacturing adhesives because of its high reactivity, wonderful performance, and low price. Germany is the largest consumer of urea formaldehyde resins in Europe, consuming about 12% of the total global demand in 2013.

In the European region, the wood panel industry saw a slow growth in past few years but is slowly gaining pace. The average regional wood panel production grew by 1.5% - 2.5% in 2011 as compared to 2010. The demand of wood panels from countries such as Germany, Italy and Russia are contributing largely in the region’s wood production.

Germany is the major consumer of urea formaldehyde resin in Europe, accounting for almost 33.9% of the total consumption. Subsequent to Germany are Spain, Italy, United Kingdom, France and Poland. Presently, the demand for fiber glass mat, which is made with fiber glass strands bonded with urea formaldehyde, and new European roofing manufacturer’s association regulations have increased pressure to develop chemical bonding systems with greater strength and more flexibility.

The key countries covered in Europe urea formaldehyde resin market are Germany, Spain, Italy, United Kingdom, France and Poland. The various application studies include: solvents, chemical intermediate, pharmaceutical and others. Further, as a part of qualitative analysis, the Europe urea formaldehyde resin market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the UFR market.

The Europe urea formaldehyde resin market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles and competitive strategies adopted by various market players, including Chimica Pomponesco S.p.A (Italy), Chemiplastica SpA (Italy), Advachem SA (Belgium), BASF Chemicals (Germany) and others.

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