Urea Formaldehyde Market is estimated to be valued at USD 16,221.0 Mn in 2025 and is expected to reach USD 20,318.7 Mn in 2032, exhibiting a compound annual growth rate (CAGR) of 3.27% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 16,221.0 Mn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
3.27%
2032 Value Projection:
USD 20,318.7 Mn
Urea formaldehyde is a naturally occurring substance that is commonly present in meat, fruits, and vegetables. It also plays a crucial role in preventing bacteria and microorganisms from forming. As a result, urea formaldehyde is used as a preservative in foods, as well as in vaccines. Among its other applications, it is used to inactivate viruses and bacteria in medical products, such as vaccines. Moreover, urea-formaldehyde resins are generally produced at a relatively low cost, making them ideal for the production of cosmetic jars, electrical products, and interior plywood.
Market Dynamics:
The global urea formaldehyde market is anticipated to grow at strong pace during the forecast period. This growth is driven by the development of the construction industry, the expanding commercial market, and government expenditure. Moreover, the increased adoption of technology in various industries is boosting the demand for home appliances. Other factors such as the growing population and rapid urbanization are also propelling market growth. Additionally, the rising demand for UF fertilizer is further fuelling growth of the urea formaldehyde market.
On the other hand, fluctuating price of raw materials is expected to hinder market growth.
Key features of the study:
This report provides in-depth analysis of the global urea formaldehyde market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global urea formaldehyde market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Hexion, BASF SE, Georgia-Pacific Chemicals, Hexza Corporation Berhad, Metadyena, Jiangsu sanmu group Co. Ltd, Ashland, ARCL Organics Ltd., Kronoplus Limited, Advachem, Qafco, Sabic, Acron Group, Asta Chemicals, Melamin Kemicna Tovarna D.D. Kocevje, and Arclin Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global urea formaldehyde market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global urea formaldehyde market
Detailed Segmentation:
Global Urea Formaldehyde Market, By Application
Particle Board
Wood Adhesives
Plywood
Medium Density Fiberboard
Other Applications
Global Urea Formaldehyde Market, By End user Industry
Automobiles
Electrical Appliances
Agriculture
Building and Construction
Other End user Industries
Global Urea Formaldehyde Market, By Geography
Asia Pacific
North America
Europe
Latin America
Middle East & Africa
Company Profiles
Hexion
BASF SE
Georgia-Pacific Chemicals
Hexza Corporation Berhad
Metadyena
Jiangsu sanmu group Co. Ltd
Ashland
ARCL Organics Ltd.
Kronoplus Limited
Advachem
Qafco
Sabic
Acron Group
Asta Chemicals
Melamin Kemicna Tovarna D.D. Kocevje
Arclin Inc.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Application
Market Snapshot, By End User Industry
Market Snapshot, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Growing demand for Medium Density Fiberboard from various wood working applications
Health hazards associated with formaldehyde
Growing demand for high quality resins
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Urea Formaldehyde Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Urea Formaldehyde Market, By Application, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Particle Board
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Wood Adhesives
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Plywood
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Medium Density Fiberboard
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Other Applications
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
6. Global Urea Formaldehyde Market , By End User Industry, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Automobiles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Electrical Appliances
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Agriculture
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Building and Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Other End User Industries
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
7. Global Urea Formaldehyde Market , By Region, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021-2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Mn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Mn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Mn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Mn)
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Mn)
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Mn)