Product Code: ETC093119 | Publication Date: Jun 2021 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The UAE urea formaldehyde market has experienced substantial growth in recent years. Urea formaldehyde is a thermosetting resin widely used in various applications, including wood adhesives, particleboard, plywood, and molding compounds. The UAE construction and furniture industries have been the primary drivers of the market, as urea formaldehyde-based products find extensive use in these sectors. Moreover, the country`s strategic location and strong export capabilities have contributed to the growth of the market, making the UAE a significant player in the regional urea formaldehyde industry.
Several factors have fueled the expansion of the UAE urea formaldehyde market. Firstly, the booming construction and real estate sectors in the country have led to increased demand for wood-based products, such as plywood and particleboard, which extensively use urea formaldehyde-based adhesives. Additionally, the government`s focus on infrastructure development and urbanization has further stimulated the market. Secondly, the UAE favorable business environment, trade policies, and access to raw materials have attracted significant investments from both local and international players, propelling the market`s growth.
Despite its growth prospects, the UAE urea formaldehyde market faces several challenges. One of the key challenges is the growing concern over formaldehyde emissions, which can be harmful to human health. Stricter regulations regarding formaldehyde emissions in some export markets may pose a threat to the industry if not adequately addressed. Additionally, competition from alternative adhesives and resins, such as phenol-formaldehyde and melamine-urea-formaldehyde, presents a challenge for urea formaldehyde-based products. Moreover, fluctuations in raw material prices and the volatile global economic environment can impact the market`s stability.
The Covid-19 pandemic has had a mixed impact on the UAE urea formaldehyde market. The construction and furniture industries experienced a slowdown during the pandemic due to disruptions in supply chains, labor shortages, and reduced consumer spending. This, in turn, affected the demand for urea formaldehyde-based products. However, as the construction and furniture sectors rebounded post-lockdowns, the market witnessed a gradual recovery. The pandemic also highlighted the need for sustainable and environmentally friendly materials, which could potentially drive the demand for low-emission urea formaldehyde products in the future.
The UAE urea formaldehyde market is marked by the presence of several key players. Companies like BASF SE, Advachem S.A.L., Qatar Melamine Company, and Hexion Inc. are some of the prominent manufacturers and suppliers of urea formaldehyde resins in the region. These companies play a crucial role in meeting the domestic demand and exporting urea formaldehyde-based products to other countries.
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 United Arab Emirates (UAE) Urea Formaldehyde Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, 2020 & 2027F |
3.3 United Arab Emirates (UAE) Urea Formaldehyde Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Urea Formaldehyde Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume Share, By End-users, 2020 & 2027F |
3.6 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 United Arab Emirates (UAE) Urea Formaldehyde Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Urea Formaldehyde Market Trends |
6 United Arab Emirates (UAE) Urea Formaldehyde Market, By Types |
6.1 United Arab Emirates (UAE) Urea Formaldehyde Market, By End-users |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By End-users, 2018 - 2027F |
6.1.3 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Automobiles, 2018 - 2027F |
6.1.4 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Electrical Appliances, 2018 - 2027F |
6.1.5 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Home Appliances (Furniture), 2018 - 2027F |
6.1.6 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Agriculture, 2018 - 2027F |
6.1.7 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Others, 2018 - 2027F |
6.2 United Arab Emirates (UAE) Urea Formaldehyde Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Adhesives, 2018 - 2027F |
6.2.3 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Particle board, 2018 - 2027F |
6.2.4 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Plywood, 2018 - 2027F |
6.2.5 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Roofing mats, 2018 - 2027F |
6.2.6 United Arab Emirates (UAE) Urea Formaldehyde Market Revenues & Volume, By Others, 2018 - 2027F |
7 United Arab Emirates (UAE) Urea Formaldehyde Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Urea Formaldehyde Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Urea Formaldehyde Market Imports from Major Countries |
8 United Arab Emirates (UAE) Urea Formaldehyde Market Key Performance Indicators |
9 United Arab Emirates (UAE) Urea Formaldehyde Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Urea Formaldehyde Market Opportunity Assessment, By End-users, 2020 & 2027F |
9.2 United Arab Emirates (UAE) Urea Formaldehyde Market Opportunity Assessment, By Applications, 2020 & 2027F |
10 United Arab Emirates (UAE) Urea Formaldehyde Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Urea Formaldehyde Market Revenue Share, By Companies, 2020 |
10.2 United Arab Emirates (UAE) Urea Formaldehyde Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |