| Product Code: ETC11248033 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Philippines witnessed a significant decrease in urea resin import shipments in 2024, with top exporting countries being China, Malaysia, Japan, Taiwan, Province of China, and Indonesia. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained very high, indicating limited competition among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 was -17.21%, with a notable decline in growth rate from 2023 to 2024 at -42.25%. This data suggests a challenging environment for urea resin imports in the Philippines, influenced by various factors impacting the market dynamics.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Urea Resin Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Urea Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Urea Resin Market - Industry Life Cycle |
3.4 Philippines Urea Resin Market - Porter's Five Forces |
3.5 Philippines Urea Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Urea Resin Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.7 Philippines Urea Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Philippines Urea Resin Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Philippines Urea Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in the Philippines, leading to increased demand for urea resin in adhesives and coatings. |
4.2.2 Expansion of the automotive sector in the country, driving the need for urea resin in automotive coatings and finishes. |
4.2.3 Rising awareness and adoption of eco-friendly and sustainable products, leading to a shift towards urea resin-based products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting the production cost of urea resin. |
4.3.2 Stringent environmental regulations impacting the manufacturing and usage of urea resin in the Philippines. |
5 Philippines Urea Resin Market Trends |
6 Philippines Urea Resin Market, By Types |
6.1 Philippines Urea Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Urea Resin Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Urea Resin Market Revenues & Volume, By Urea-Formaldehyde, 2021 - 2031F |
6.1.4 Philippines Urea Resin Market Revenues & Volume, By Melamine-Urea Resin, 2021 - 2031F |
6.1.5 Philippines Urea Resin Market Revenues & Volume, By Low-Emission Urea Resin, 2021 - 2031F |
6.1.6 Philippines Urea Resin Market Revenues & Volume, By High-Durability Resin, 2021 - 2031F |
6.1.7 Philippines Urea Resin Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Philippines Urea Resin Market, By Raw Material |
6.2.1 Overview and Analysis |
6.2.2 Philippines Urea Resin Market Revenues & Volume, By Urea, 2021 - 2031F |
6.2.3 Philippines Urea Resin Market Revenues & Volume, By Formaldehyde, 2021 - 2031F |
6.2.4 Philippines Urea Resin Market Revenues & Volume, By Additives, 2021 - 2031F |
6.2.5 Philippines Urea Resin Market Revenues & Volume, By Catalysts, 2021 - 2031F |
6.2.6 Philippines Urea Resin Market Revenues & Volume, By Custom Formulations, 2021 - 2031F |
6.3 Philippines Urea Resin Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Urea Resin Market Revenues & Volume, By Wood Adhesives, 2021 - 2031F |
6.3.3 Philippines Urea Resin Market Revenues & Volume, By Laminates, 2021 - 2031F |
6.3.4 Philippines Urea Resin Market Revenues & Volume, By Molding Compounds, 2021 - 2031F |
6.3.5 Philippines Urea Resin Market Revenues & Volume, By Coatings, 2021 - 2031F |
6.3.6 Philippines Urea Resin Market Revenues & Volume, By Plywood and Particle Boards, 2021 - 2031F |
6.4 Philippines Urea Resin Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Philippines Urea Resin Market Revenues & Volume, By Furniture Industry, 2021 - 2031F |
6.4.3 Philippines Urea Resin Market Revenues & Volume, By Construction, 2021 - 2031F |
6.4.4 Philippines Urea Resin Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.4.5 Philippines Urea Resin Market Revenues & Volume, By Packaging Industry, 2021 - 2031F |
6.4.6 Philippines Urea Resin Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
7 Philippines Urea Resin Market Import-Export Trade Statistics |
7.1 Philippines Urea Resin Market Export to Major Countries |
7.2 Philippines Urea Resin Market Imports from Major Countries |
8 Philippines Urea Resin Market Key Performance Indicators |
8.1 Environmental certifications obtained by urea resin manufacturers in the Philippines. |
8.2 Number of new product developments or innovations in the urea resin market. |
8.3 Percentage increase in the adoption of urea resin-based products in various industries in the Philippines. |
9 Philippines Urea Resin Market - Opportunity Assessment |
9.1 Philippines Urea Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Urea Resin Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.3 Philippines Urea Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Philippines Urea Resin Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Philippines Urea Resin Market - Competitive Landscape |
10.1 Philippines Urea Resin Market Revenue Share, By Companies, 2024 |
10.2 Philippines Urea Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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