The Asia Pacific region initially witnessed a surge in urea formaldehyde resin prices driven by high demand and limited supply, which was fueled by the resurgence of Chinese market activities after COVID-19 restrictions were lifted. However, during the second quarter, prices experienced a decline due to reduced support from the feedstock market, an oversupply of the product, and decreased demand from downstream industries. In Europe, declining feedstock costs and subdued demand resulted in price reductions in both quarters. Similarly, in North America, poor performance in feedstock, increased supply, and low demand from industries such as furniture and wood all contributed to the decline in urea formaldehyde resin prices during the first and second quarters of 2023.
Request for Real-Time Urea Formaldehyde Resins Prices: https://www.procurementresource.com/resource-center/urea-formaldehyde-resins-price-trends/pricerequest
Definition
Urea formaldehyde resin is a thermosetting synthetic polymer formed by the reaction of urea and formaldehyde. It exhibits excellent adhesive properties, high heat resistance, and water resistance, making it widely used in various industries. These resins are commonly utilized as adhesives in wood and furniture manufacturing due to their strong bonding capabilities. Urea formaldehyde resins are known for their ability to improve crease resistance in textiles and provide adhesion in coatings. They play a crucial role in the production of composite wood products, textiles, paper, and coatings due to their versatile properties.
Key Details About the Urea Formaldehyde Resins Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Urea Formaldehyde Resins in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Urea Formaldehyde Resins Prices, including India Urea Formaldehyde Resins price, USA Urea Formaldehyde Resins price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Urea Formaldehyde Resins Price Trend:
Urea formaldehyde resins are widely employed in a range of industries owing to their multifaceted characteristics. In the realm of wood and furniture manufacturing, these resins are a common choice as adhesives for creating particleboard, plywood, and various composite wood items. Their exceptional bonding strength and resistance to water render them well-suited for construction and interior applications. Moreover, urea formaldehyde resins play a pivotal role in the textile, paper, and coatings sectors. They contribute significantly to enhancing crease resistance and durability in textiles, while also providing crucial adhesion and gloss in coating applications, thus making them indispensable components within these industries
Key Players:
- BASF SE
- Hexion
- ADVACHEM
- Kronoplus Limited
- Georgia-Pacific Chemicals
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA