The Urea Formaldehyde Concentrate market is expected to grow at significant rate during the forecast. The urea-formaldehyde concentrate is economically cost-effective, it offers many benefits to manufacturer including economical shipping – high concentrations of formaldehyde and urea, excellent product stability: long storage life, consistent clarity, and Reduces process water effluent. This makes it more popular among industries such as wood, fertilizer, and organic chemical manufacturing industry. The fertilizer industry is one of the fastest-growing in the world. The rapid growth of urea fertilizer will drive the demand for the market owing to its unique properties beneficial for crop growth. Urea-formaldehyde is used in building construction material such as pressed wood product. Urea-formaldehyde is used as a bonding agent in these materials. As the demand for construction material is growing in the global market, the consumption of urea-formaldehyde will be also propelled during the forecast period.
The entire Urea Formaldehyde Concentrate market has been sub-categorized into product and application. current and future demand for Urea Formaldehyde Concentrate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The major players in the Urea Formaldehyde Concentrate market include Metafrax, Sprea Misr, Togliattiazot, Shchekinoazot, Hexion.
By Product
- UFC 85
- UFC 80 and UFC 75
By Application
- UF Resins
- Fertilizers and Others
Source: https://www.valuemarketresearch.com/report/urea-formaldehyde-concentrate-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.