#global plywood market report

[metatechinsights]

Formaldehyde Market Size & Growth 2025-2035

Segmentation FAQ Request Free Sample Report

Industry Outlook

The Formaldehyde market accounted for USD 10.6 Billion in 2024 and is expected to reach USD 19.7 Billion by 2035, growing at a CAGR of around 5.8% between 2025 and 2035.  Formaldehyde is a specialized branch of medicine that focuses on the prevention, diagnosis, treatment, and rehabilitation of injuries and conditions related to physical activity and sports participation. Medicine focuses on areas of performance enhancement, injury care, and prevention of sportsmen. Medicine includes preventative measures like injury prevention and coverings like rehabilitation and osteopathy.

Report Scope:

2024

2035Market Size in 2024 & 203520.015.010.05.00.020242035ParameterDetailsLargest MarketAsia PacificFastest Growing MarketNorth AmericaBase Year2024Market Size in 2024USD 10.6 BillionCAGR (2025-2035)5.8%Forecast Years2025-2035Historical Data2018-2024Market Size in 2035USD 19.7 BillionCountries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Switzerland, Sweden, Finland, Netherlands, Poland, Russia, China, India, Australia, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Brazil, Argentina, GCC Countries, and South AfricaWhat We CoverMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PESTLE analysis, value chain analysis, regulatory landscape, pricing analysis by segments and region, company market share analysis, and over 10 companiesSegments CoveredDerivative, Application, End-use, and Region

To explore in-depth analysis in this report - Request Free Sample Report

Market Dynamics

Growing Demand for Formaldehyde-based Resins in Construction

The construction industry, with its large requirement for formaldehyde-based resins, is the major driver of formaldehyde. These resins, and especially urea-formaldehyde (UF), phenol-formaldehyde (PF), and melamine-formaldehyde (MF), have significant applications in manufacturing wood products such as plywood, particle board, and medium-density fiberboard (MDF). Increased global urbanization and infrastructure development is resulting in considerable growth of the construction industry, thus promoting engineered wood products using formaldehyde-based glue. Due to the high degree of cross-linking, these resins possess high mechanical strength and resistance to moisture and are thus well suited for use in flooring, cabinetry, and furniture.

Increasing preference for green products when constructing buildings also goes up the demand since formaldehyde-based resins improve the performance features of the woods. The following is also increasing the market trend through dedicated investments in green building projects that advocate for energy efficiency and sustainable principles of construction. All these factors hence translate to firm production prospects for formaldehyde in the construction industry.

Shift towards formaldehyde-free alternatives

The shift towards formaldehyde-free alternatives presents a substantial restraint in the formaldehyde market. Increasing concern over health accruable to formaldehyde use in its use as a probable human carcinogen means that consumers and manufacturers have shifted to consider better alternatives. International regulatory authorities continue to establish higher standards and controls for formaldehyde releases across several consumer goods, such as furniture, flooring, and other construction materials. For this reason, several firms are pursuing a strategy of researching and procuring new, formaldehyde-free adhesives and resins suitable for efficient use while demonstrating comparable performance. This shift not only displaces conventional formaldehyde-based products but also introduces competition from new exciting materials that smart consumers will embrace. The growth of green chemistry and demand for eco-friendly solutions may limit the market growth of formaldehyde and force industry participants to change to remain effective in a new setting.

Innovations in eco-friendly formaldehyde alternatives

Innovations in eco-friendly formaldehyde alternatives present a promising opportunity for the formaldehyde market. There is a high demand for an environmentally conscious approach associated with an increase in consumer‘s concern about health. Chemists and formulators have been working on bio-based adhesives and resins with similar performance to those derived from formaldehyde but without the emission of toxic gases. These options can incorporate biodegradable polymers such as soy and starch, which can constitute viable bonding aids that are safe for humans and the environment. Other factors that lead to this trend are the global demand for better-quality, environmentally friendly products, such as the effective utilization of green building products in the construction industry and the extinction of gas-emitting vehicles in the automobile industry. Furthermore, governmental measures to support new sustainable products improve the market opportunities of the innovations. Through the adoption of these technologies, firms are holding access to new consumers and increasing competitiveness, enhancing the value of the formaldehyde market besides capturing the sustainable environment.

Industry Experts Opinion

"The formaldehyde market is at a pivotal point, with an incr

[insightreportsunivdatos]

India Aluminium Formworks Market Analysis of Growth, Trends and Forecast to 2030

Introduction

Western India, with its burgeoning construction industry, is no stranger to innovation and transformation. Among the revolutionary changes, the adoption of aluminium formworks stands out as a game-changer. These systems have rapidly gained popularity for their efficiency and sustainability. This article delves into the impact of aluminium formworks in Western India, shedding light on their influence on construction and their connection to India's aluminium production prowess.

According to the UnivDatos Market Insights Analysis, the demand for housing solutions will drive the global scenario of aluminium formworks and as per their “India Aluminium Formworks Market” report, the global market was valued at USD xx million in 2022, growing at a CAGR of 4.3% during the forecast period from 2023 - 2030. 

Request Free Sample Pages with Graphs and Figures Here - https://univdatos.com/get-a-free-sample-form-php/?product_id=47331

The Traditional Construction Landscape

Before the widespread adoption of aluminium formworks, Western India's construction industry relied heavily on conventional methods. These conventional formworks, mainly constructed from timber and plywood. Timber, the primary material, was not only costly but also raised environmental concerns due to deforestation.

Moreover, conventional formworks required extensive labour and time for assembly and disassembly, leading to project delays and escalating costs. As the demand for construction continued to surge in Western India, it became evident that a more efficient and sustainable solution was needed.

The Rise of Aluminium Formworks

Aluminium formworks emerged as a transformative alternative to conventional construction methods in Western India. These systems are constructed using lightweight aluminium panels that are precisely engineered to interlock seamlessly. Unlike traditional formworks, aluminium formworks are reusable, offering a sustainable and cost-effective solution for construction projects.

Strength of Aluminium

Aluminium, known for its remarkable strength-to-weight ratio, plays a pivotal role in the success of aluminium formworks. Its exceptional strength ensures the structural integrity of the formwork system, allowing it to withstand the pressures of concrete casting without flexing or warping. This strength not only contributes to the durability of the formwork but also enhances the quality of the concrete structures being built.

Production of Aluminium in India

India is no stranger to aluminium production, and its thriving aluminium industry is a key contributor to the success of aluminium formworks in Western India. The country boasts abundant reserves of bauxite, the primary ore used to produce aluminium. With numerous aluminium smelters and refineries, India has established itself as a significant player in the global aluminium market. This local production of aluminium ensures a steady supply of the raw material required for aluminium formworks. It not only reduces dependence on imports but also supports the domestic economy by generating employment opportunities and fostering economic growth.

Customization and Adaptability

Aluminium formworks are highly customizable, allowing builders in Western India to adapt them to a wide range of construction needs. Whether it's residential buildings, commercial complexes, or infrastructure projects, aluminium formworks can be tailored to meet specific requirements. This adaptability enhances their appeal and utility in a diverse construction environment.

Related Reports-

Middle East Facility Management Market: Current Analysis and Forecast (2023-2030)

MENA Construction Equipment Market: Current Analysis and Forecast (2023-2030)

Sustainability

In an era marked by environmental consciousness, aluminium formworks align perfectly with sustainability goals. By using aluminium, these formwork systems reduce the demand for timber, helping preserve forests and mitigate environmental damage. Additionally, the reusability of aluminium formworks minimizes construction waste, making them an eco-friendly choice for Western India's construction projects.

For more information about this report visit- https://univdatos.com/report/indian-aluminium-formworks-market/

Safety

The safety of construction workers is of paramount importance, and aluminium formworks prioritize this aspect. These systems are designed to be safe and user-friendly, reducing the risk of accidents and injuries on the construction site. Their lightweight nature makes handling and transportation safer and more efficient, contributing to a safer working environment.

Aluminium formworks, with their strength, efficiency, and sustainability, have ushered in a new era of construction in Western India. The combination of India's aluminium production prowess and the adaptability of aluminium formworks has revolutionized the construction industry in the region. As more builders and developers recognize the long-term benefits of these systems, Western India is poised to continue its rapid development and growth, shaping the region's future skyline and infrastructure with the power of aluminium.

[tmr-blogs2]

Sustainable Construction: How the Particle Board Market is Evolving in 2024-2034

Particle board, also known as chipboard, is an engineered wood product made from wood chips, sawdust, and resin. It has become a cost-effective alternative to solid wood and plywood, used extensively in the construction, furniture, and packaging industries. The global particle board market is expected to see considerable growth from 2024 to 2034, driven by increasing urbanization, rising demand for affordable furniture, and a growing focus on sustainable building materials.

The global particle board industry, valued at US$ 25.1 billion in 2023, is projected to grow at a CAGR of 5.6% from 2024 to 2034, reaching US$ 45.3 billion by the end of 2034. Factors such as the expansion of the construction sector in emerging economies, the increasing demand for eco-friendly products, and innovations in particle board manufacturing technologies are contributing to this growth.

For More Details, Request for a Sample of this Research Report: https://www.transparencymarketresearch.com/particle-board-market.html

Market Segmentation

The particle board market is segmented based on various parameters:

By Service Type:

Raw particle boards: Used for structural purposes in construction and furniture.

Laminated particle boards: Used for aesthetic purposes in interior decoration and cabinetry.

Melamine-coated particle boards: Used for surfaces requiring water resistance, primarily in kitchens and bathrooms.

By Sourcing Type:

Softwood-based particle boards: Primarily used in construction and insulation due to durability.

Hardwood-based particle boards: Preferred for furniture making and decorative items for finer finishes.

By Application:

Furniture: The largest application segment, driven by the demand for cost-effective materials in household and office furniture.

Construction: Used in flooring, wall panels, and insulation.

Packaging: Gaining popularity as a sustainable material for packaging.

Others: Applications in exhibitions, partitions, and shelving units.

By Industry Vertical:

Residential Construction: High demand due to urbanization and affordable housing.

Commercial Construction: Used extensively in office spaces, hotels, and retail outlets.

Furniture Manufacturing: Essential for producing mass-market furniture.

Packaging Industry: Growing demand for eco-friendly packaging solutions.

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Regional Analysis

North America

The particle board market in North America is driven by increasing demand in the residential and commercial construction sectors. Sustainable building practices and a growing preference for eco-friendly materials are key drivers in the region, with the United States and Canada being major markets.

Europe

Europe holds a significant share of the global particle board market, particularly in the furniture manufacturing industry. Countries like Germany, Italy, and Poland are leaders in particle board production. The European Union's emphasis on sustainability and circular economy principles further boosts the demand for particle boards.

Asia-Pacific

Asia-Pacific is the fastest-growing market for particle boards, with China and India leading the way. Rapid urbanization, a booming construction industry, and increasing consumer demand for affordable furniture are key growth drivers. The region’s strong industrial base in wood-based manufacturing supports particle board production.

Latin America

In Latin America, countries like Brazil and Mexico are witnessing growth in the particle board market due to increasing construction activities and growing demand for budget-friendly housing materials.

Middle East & Africa

The particle board market in the Middle East & Africa is relatively nascent but growing due to increased investments in infrastructure and construction projects.

Market Drivers and Challenges

Drivers

Cost-effectiveness: Particle boards are cheaper compared to solid wood and plywood, making them a popular choice in construction and furniture production.

Sustainability: As a product made from wood waste, particle boards align with the growing global focus on sustainability and reducing deforestation.

Urbanization and Infrastructure Development: Increasing construction activities, especially in emerging economies, are driving demand for particle boards.

Furniture Demand: The growing trend of affordable, ready-to-assemble (RTA) furniture has expanded the market for particle boards, especially in the residential and commercial sectors.

Challenges

Durability Issues: Particle boards are less durable compared to plywood and MDF, limiting their use in high-load applications.

Moisture Sensitivity: Particle boards are prone to damage when exposed to moisture, requiring additional treatments and coatings for certain applications.

Environmental Concerns: The use of synthetic resins, often containing formaldehyde, in particle board production has raised health and environmental concerns.

Market Trends

Sustainable Materials: The shift toward environmentally friendly building materials is pushing manufacturers to develop particle boards with minimal environmental impact, using bio-based resins and recycled wood materials.

Technological Advancements: Innovations in resin technology and production processes are enhancing the strength, water resistance, and overall performance of particle boards.

Rising Popularity of RTA Furniture: Ready-to-assemble furniture, particularly in the e-commerce sector, is boosting demand for particle boards, which are a key material in such products.

Future Outlook

The global particle board market is expected to continue its upward trajectory through 2034, with substantial growth opportunities in emerging markets. Increasing environmental awareness, combined with technological innovations in particle board production, will create a favourable market landscape. Additionally, advancements in coatings and laminates will enhance particle board durability, expanding its use in diverse applications.

Key Market Study Points

Market Size and Forecast: Evaluation of market value from 2024 to 2034.

Key Market Drivers: Identification of factors driving growth, including cost-effectiveness and sustainability.

Challenges: Analysis of issues like durability and moisture resistance.

Technological Innovations: Overview of advancements in resin and production processes.

Regional Insights: A detailed analysis of regional markets with growth potential in Asia-Pacific and North America.

Competitive Landscape: Insight into the leading market players and their strategies.

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=86230&ltype=S

Competitive Landscape

Major players in the global particle board market include:

Kronospan: A leading manufacturer with a strong global presence.

Egger Group: Known for innovations in wood-based products, including particle boards.

Norbord Inc.: Specializes in engineered wood products, including particle boards.

Weyerhaeuser Company: One of the largest producers of wood-based products, focusing on sustainability.

These companies are focusing on product innovation, expanding production capacities, and enhancing sustainability initiatives to maintain their market positions.

Recent Developments

Sustainability Initiatives: Several manufacturers are investing in bio-based resins to reduce the environmental impact of particle board production.

New Product Launches: Companies are introducing particle boards with enhanced moisture resistance and improved surface finishes for high-end furniture applications.

Capacity Expansions: Increasing demand for particle boards has led to new production facilities being established, particularly in the Asia-Pacific region.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com 

[timberexchange]

2023 Saw a 6% Dip in European Wood-Based Panels Production

In 2023, the European wood-based panel industry faced a notable downturn. The year was marked by a 6.3% decrease in production, a figure that has been characterized as "disappointing" by industry experts. This decline, as reported by the European Panel Federation (EPF), reflects a significant shift in the sector's dynamics. The statistics not only underscore the challenges faced by the industry but also signal a need for a deeper analysis of the underlying causes. 

In this blog, we will discuss the factors contributing to this downturn and explore its implications for the European timber market and its global standing in wood-based panel production.

Wood-Based Panels Gain Market Share

Despite the overall downturn, wood-based panels emerged as a bright spot, outperforming the two principal consumer sectors—furniture and construction. This trend indicates an increase in market share for wood-based products, a silver lining amidst broader industry challenges.

This encouraging development is detailed in the EPF's Annual Report 2023. The report was unveiled during the EPF's Annual General Meeting, which took place from June 19-21 in Riga, Latvia. The event, hosted by the Latvian plywood manufacturer Latvijas Finieris, brought together 180 professionals from across the industry, creating a forum for dialogue and collaborative efforts in the face of market challenges.

The Varied Fortunes of Wood-Based Panels in 2023

The product-specific analysis for 2023 reveals a fragmented market in the wood-based panels sector:

OSB (Oriented Strand Board) stood out as the only category to witness growth, with a 2% increase in production, reaching 6.6 million cubic meters (up from 6.5 million cubic meters in 2022).

Particleboard, the industry’s largest segment, experienced a 5% decline, with production falling to 30.9 million cubic meters (down from 32.5 million cubic meters in 2022).

MDF (Medium-Density Fiberboard) suffered a sharper decline, with an 11% decrease leading to 11.1 million cubic meters of production (a drop from 12.5 million cubic meters in 2022).

Softboard, primarily comprising wood fibre insulation boards, which had previously been on an incline, saw a 6% reduction to 4.8 million cubic meters (previously at 5.2 million cubic meters).

Plywood production faced a significant 15% downturn, amounting to 2.6 million cubic meters (compared to 3.1 million cubic meters in 2022).

Hardboard recorded a 17% decrease, although it remains the smallest product area within the European wood-based panel industry, with production at 400,000 cubic meters (down from 500,000 cubic meters in 2022).

The detailed breakdown illustrates how different product areas within the global timber industry have had varying degrees of success and challenges.

Conclusion

Staying informed with the latest developments and understanding price dynamics are essential to success in the global timber industry. This is where the Timber Exchange’s Market Data Hub becomes an indispensable tool. As a comprehensive digital tracker of the global timber market, the Market Data Hub offers far more than mere data. It serves as a repository of detailed news, updates, and webinars.

Through a single, streamlined dashboard, the platform grants access to 200+ market indicators, empowering users to monitor a wide array of forestry operations effectively. The Market Data Hub covers it all, whether it's logging activities, production figures, inventory levels, or export/import volumes. It also provides insights into consumption patterns and pricing across more than 25 global key markets.For those eager to delve deeper into the Market Data Hub's capabilities and leverage its full potential, scheduling a demonstration is just a click away. Discover how this platform can transform your approach to navigating the global timber market.

[gireportstory]

Woodworking Circular Saw Blades Market Size, Global Industry Trend Analysis and Forecast 2024-2030

Global Info Research’s  report offers key insights into the recent developments in the global Woodworking Circular Saw Blades market that would help strategic decisions. It also provides a complete analysis of the market size, share, and potential growth prospects. Additionally, an overview of recent major trends, technological advancements, and innovations within the market are also included.Our report further provides readers with comprehensive insights and actionable analysis on the market to help them make informed decisions. Furthermore, the research report includes qualitative and quantitative analysis of the market to facilitate a comprehensive market understanding.This Woodworking Circular Saw Blades research report will help market players to gain an edge over their competitors and expand their presence in the market.

According to our (Global Info Research) latest study, the global Woodworking Circular Saw Blades market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

Woodworking Circular Saw Blades are round circular saw blades that are designed to cut various types of wood, including lumber, plywood, softwood, hardwood, panels and laminates. They can be used in various applications, depending on the type of wood you are cutting and the kind of task you are performing. Blades come in a variety of sizes and can be made of various materials to accommodate different uses. In Japan market, key players of woodworking circular saw blades include Tenryu, Robert Bosch, Stanley Black and Decker, Tenryu Saw Mfg, TTI, etc. The top five players hold a share over 40%.

The Global Info Research report includes an overview of the development of the Woodworking Circular Saw Blades industry chain, the market status of Residential (Tungsten Carbide, Diamond), Industrial Manufacturing (Tungsten Carbide, Diamond), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Woodworking Circular Saw Blades.

Regionally, the report analyzes the Woodworking Circular Saw Blades markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Woodworking Circular Saw Blades market, with robust domestic demand, supportive policies, and a strong manufacturing base.

We have conducted an analysis of the following leading players/manufacturers in the Woodworking Circular Saw Blades industry: Tenryu、Robert Bosch、Stanley Black and Decker、Tenryu Saw Mfg、TTI、Dewalt、HiKOKI、Makita、HILTI、Bahco、TRUSCO、RYOBI、KANEFUSA、Leitz、LEUCO Market segment by Type： Tungsten Carbide、Diamond、Others Market segment by Application：Residential、Industrial Manufacturing、Others Report analysis: The Woodworking Circular Saw Blades report encompasses a diverse array of critical facets, comprising feasibility analysis, financial standing, merger and acquisition insights, detailed company profiles, and much more. It offers a comprehensive repository of data regarding marketing channels, raw material expenses, manufacturing facilities, and an exhaustive industry chain analysis. This treasure trove of information equips stakeholders with profound insights into the feasibility and fiscal sustainability of various facets within the market. Illuminates the strategic maneuvers executed by companies, elucidates their corporate profiles, and unravels the intricate dynamics of the industry value chain. In sum, the Woodworking Circular Saw Blades report delivers a comprehensive and holistic understanding of the markets multifaceted dynamics, empowering stakeholders with the knowledge they need to make informed decisions and navigate the market landscape effectively. Conducts a simultaneous analysis of production capacity, market value, product categories, and diverse applications within the Woodworking Circular Saw Blades market. It places a spotlight on prime regions while also performing a thorough examination of potential threats and opportunities, coupled with an all-encompassing SWOT analysis. This approach empowers stakeholders with insights into production capabilities, market worth, product diversity, and the markets application prospects. Assesses strengths, weaknesses, opportunities, and threats, offering stakeholders a comprehensive understanding of the Woodworking Circular Saw Blades markets landscape and the essential information needed to make well-informed decisions. Market Size Estimation & Method Of Prediction

Estimation of historical data based on secondary and primary data.

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user. About Us: Global Info Research is a company that digs deep into Global industry information to Woodworking Circular Saw Blades enterprises with market strategies and in-depth market development analysis reports. We provide market information consulting services in the Global region to Woodworking Circular Saw Blades enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.

[metatechinsights]

Formaldehyde Market Size & Growth 2025-2035

Industry Outlook

The Formaldehyde market accounted for USD 10.6 Billion in 2024 and is expected to reach USD 19.7 Billion by 2035, growing at a CAGR of around 5.8% between 2025 and 2035.  Formaldehyde is a specialized branch of medicine that focuses on the prevention, diagnosis, treatment, and rehabilitation of injuries and conditions related to physical activity and sports participation. Medicine focuses on areas of performance enhancement, injury care, and prevention of sportsmen. Medicine includes preventative measures like injury prevention and coverings like rehabilitation and osteopathy.

Report Scope:

2024

2035Market Size in 2024 & 203520.015.010.05.00.020242035ParameterDetailsLargest MarketAsia PacificFastest Growing MarketNorth AmericaBase Year2024Market Size in 2024USD 10.6 BillionCAGR (2025-2035)5.8%Forecast Years2025-2035Historical Data2018-2024Market Size in 2035USD 19.7 BillionCountries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Switzerland, Sweden, Finland, Netherlands, Poland, Russia, China, India, Australia, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Brazil, Argentina, GCC Countries, and South AfricaWhat We CoverMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PESTLE analysis, value chain analysis, regulatory landscape, pricing analysis by segments and region, company market share analysis, and over 10 companiesSegments CoveredDerivative, Application, End-use, and Region

To explore in-depth analysis in this report - Request Free Sample Report

Market Dynamics

Growing Demand for Formaldehyde-based Resins in Construction

The construction industry, with its large requirement for formaldehyde-based resins, is the major driver of formaldehyde. These resins, and especially urea-formaldehyde (UF), phenol-formaldehyde (PF), and melamine-formaldehyde (MF), have significant applications in manufacturing wood products such as plywood, particle board, and medium-density fiberboard (MDF). Increased global urbanization and infrastructure development is resulting in considerable growth of the construction industry, thus promoting engineered wood products using formaldehyde-based glue. Due to the high degree of cross-linking, these resins possess high mechanical strength and resistance to moisture and are thus well suited for use in flooring, cabinetry, and furniture.

Increasing preference for green products when constructing buildings also goes up the demand since formaldehyde-based resins improve the performance features of the woods. The following is also increasing the market trend through dedicated investments in green building projects that advocate for energy efficiency and sustainable principles of construction. All these factors hence translate to firm production prospects for formaldehyde in the construction industry.

Shift towards formaldehyde-free alternatives

The shift towards formaldehyde-free alternatives presents a substantial restraint in the formaldehyde market. Increasing concern over health accruable to formaldehyde use in its use as a probable human carcinogen means that consumers and manufacturers have shifted to consider better alternatives. International regulatory authorities continue to establish higher standards and controls for formaldehyde releases across several consumer goods, such as furniture, flooring, and other construction materials. For this reason, several firms are pursuing a strategy of researching and procuring new, formaldehyde-free adhesives and resins suitable for efficient use while demonstrating comparable performance. This shift not only displaces conventional formaldehyde-based products but also introduces competition from new exciting materials that smart consumers will embrace. The growth of green chemistry and demand for eco-friendly solutions may limit the market growth of formaldehyde and force industry participants to change to remain effective in a new setting.

Innovations in eco-friendly formaldehyde alternatives

Innovations in eco-friendly formaldehyde alternatives present a promising opportunity for the formaldehyde market. There is a high demand for an environmentally conscious approach associated with an increase in consumer‘s concern about health. Chemists and formulators have been working on bio-based adhesives and resins with similar performance to those derived from formaldehyde but without the emission of toxic gases. These options can incorporate biodegradable polymers such as soy and starch, which can constitute viable bonding aids that are safe for humans and the environment. Other factors that lead to this trend are the global demand for better-quality, environmentally friendly products, such as the effective utilization of green building products in the construction industry and the extinction of gas-emitting vehicles in the automobile industry. Furthermore, governmental measures to support new sustainable products improve the market opportunities of the innovations. Through the adoption of these technologies, firms are holding access to new consumers and increasing competitiveness, enhancing the value of the formaldehyde market besides capturing the sustainable environment.

Industry Experts Opinion

"The formaldehyde market is at a pivotal point, with an increasing focus on health and environmental safety driving innovation. As a chemist, I see a significant opportunity for developing formaldehyde-free alternatives that maintain performance while reducing toxicity. The continued demand for sustainable building materials and safer consumer products will likely shape research priorities in the coming years. Collaborations between academia and industry will be essential to advance these eco-friendly solutions and meet regulatory standards."

Dr. Emily Carter, Senior Chemist at Advanced Materials Research Institute

Segment Analysis

In the derivative segment, Two-propone formaldehyde derivatives find extensive application in different industries because of their remarkable characteristics and functionality. Urea Formaldehyde Resin shares importance in the construction industry and furniture world due to its application in the manufacturing process of particle board and Medium-Density Fiberboard due to its good adhesive characteristics and cheap nature. Plywood Adhesive or Phenol Formaldehyde Resin used widely for its heat and moisture-resisting properties, is applicable in automobiles and electrical uses. On the other hand, Melamine Formaldehyde Resin is looked at as an aesthetic product, given its chemical-resistant properties, ideal for use in decorative items and laminates. Related derivatives such as pentaerythritol and methylene diphenyl diisocyanate make substantial contributions to the manufacture of coatings as well as foams, thereby expanding the use of formaldehyde in various sectors.

You can also buy individual sections of this report.

Would you like to review the price list for each section?

Request Sectional Data

[forblogmostly]

Rushil Decor Ltd. Strengthens Global Presence with Expansion into South America

Rushil Decor Limited, a prominent player in the manufacturing of eco-friendly MDF, laminates, and plywood, has announced a significant strategic expansion into the South American market. This move marks a substantial milestone in the company's journey to solidify its global footprint, leveraging its extensive experience and innovative product offerings.

The announcement was made in conjunction with Interzum Bogota, an international industry fair for furniture and wood technology held in Colombia from May 14 to 17, 2024. At the event, Mr. Rushil Thakkar, Executive Director of Rushil Decor, expressed optimism about the company's growth prospects in the multi-billion-dollar global wood panel market.

A Strategic Expansion into a Promising Market - Rushil Decor's entry into South America is a carefully planned strategic move aimed at tapping into one of the world's largest markets for Medium Density Fiberboard (MDF). Known for its high demand in the region, South America presents a lucrative opportunity for Rushil Decor to expand its market reach and enhance its export revenues.

As a leading MDF manufacturer in India, Rushil Decor is well-prepared to meet the high standards and expectations of the South American market. The company recently reported a 9% growth in the January to March 2024 quarter compared to the same period last year, with export revenues contributing 28% to the total revenue in the fourth quarter of FY24. This underscores the company's strong international presence and its ability to cater to global demands.

Capitalizing on Market Opportunities - According to Precision Reports, the global MDF market was valued at USD 24,942.77 million in 2024 and is projected to reach USD 29,965.13 million by 2027. Similarly, the global laminate market is expected to grow to USD 11.98 billion by 2030. These projections highlight significant growth opportunities for Rushil Decor, which is strategically positioning itself to capitalize on this potential through its upcoming greenfield project aimed at meeting the burgeoning export demand for laminates.

By leveraging its expertise in both laminates and MDF, Rushil Decor is poised to create synergies across its product lines, further enhancing its revenue potential and solidifying its global footprint. The company’s expansion into South America is expected to significantly boost its market presence and operational efficiency.

Commitment to Sustainability and Innovation - Rushil Decor’s expansion aligns with its commitment to sustainability and innovation. The company supports the values emphasized at the 2024 edition of Interzum Bogota, which focuses on the circular economy, sustainability, innovation, and technology. Rushil Decor’s product range is a testament to these principles, offering eco-friendly, high-quality solutions that meet the evolving needs of global customers.

"Expanding into South America is a significant milestone for Rushil Decor," said Mr. Rushil Thakkar, Executive Director of Rushil Decor Limited. "This move underscores our dedication to providing sustainable and high-quality products to new regions, meeting the evolving needs of South American customers. We are excited about the growth opportunities this expansion presents."

Future Growth and Vision - Rushil Decor's strategic expansion is part of its broader vision to achieve annual revenues of INR 2500 crores by 2029. With state-of-the-art manufacturing facilities and a robust distribution network, the company is well-equipped to meet the increasing demands of the global market while maintaining financial stability and operational efficiency.

Founded in 1993, Rushil Decor Limited has grown into a global leader in modern interior infrastructure and eco-friendly, composite wood panels. The company operates six manufacturing plants with an annual capacity of 3,30,000 CBM MDF and 3.49 million laminates, catering to customers in over 50 countries worldwide. Additionally, Rushil Decor has expanded into plywood manufacturing at its Chikamaglur Plant in Bengaluru, with plans to gradually increase production capacity.

A Legacy of Quality and Innovation - Rushil Decor’s product portfolio includes VIR Laminates, VIR MDF boards, VIR MAXPRO (HDFWR) boards, VIR Pre-laminated Decorative MDF/HDFWR boards, VIR Modala Ply, VIR PVC, and VIR WPC boards/doors. The company’s focus on quality, design, and customer-centricity, combined with value-led DIY green-engineered products from agroforestry, sets it apart in the industry.

Driven by automated plants, world-class German technologies, and global standards, Rushil Decor continually creates smarter spaces. Optimal supply chain efficiencies, resource utilization, and strategic local plantations offer a cost advantage in raw material sourcing and manufacturing excellence, enabling high output to meet global market demand.

[insightreportsunivdatos]

Medium Density Fiberboard Market  Analysis of Growth, Trends and Forecast to 2032

CenturyPly, one of the prominent manufacturers in the Indian wood panel industry, has embarked itself as one of the pioneers in manufacturing medium density fiberboard market. The company has constantly been at the forefront of technological advancements, prioritizing quality and customer satisfaction. With a strong focus on sustainability, innovation, and customer-centric solutions. The company continues to achieve the new benchmark in the medium density fiberboard market, catering to growing need of the construction, furniture, and interior design industries.

According to a recent industry report by UnivDatos Market Insights, The Global Medium Density Fiberboard Market  is projected to reach USD 90,945.92 million by 2032, growing at a CAGR of 6.27% from 2024 to 2032, driven by increasing urbanization, growth in the furniture industry, and rising demand for sustainable building materials. As a key player in the industry, Centuryply is well-positioned to capitalize on these opportunities and drive innovation and growth in the global MDF market.

Request Free Sample Pages with Graphs and Figures Here - https://univdatos.com/get-a-free-sample-form-php/?product_id=63841

DRIVING SUSTAINABILITY AND TECHNOLOGICAL EXCELLENCE

Century Prowud, a subsidiary of CenturyPly offers a comprehensive portfolio of medium density fiberboard to the diverse needs of industries such as construction, furniture, interior designing, and others. These fiberboards are meticulously developed using advanced technologies and sustainable practices, ensuring superior performance, versatility, and environmental responsibility. CenturyPly, is the first company in India, which provides traceable and sustainable medium density fiberboard product. To achieve sustainability, in 2019, the company collaborated with Earthworm to manufacture and supply MDF which conform to “European Union Timber Regulations” requirements. Apart from this Century Prowud products also conform to E1 grade and TSCA certifications.

ADVANCING MDF TECHNOLOGY THROUGH INNOVATIVE SOLUTIONS

The company offers a wide range of medium density fiberboards with advanced technology through innovative solutions.  

Eco-Friendly MDF Production: In 2024, the company has announced the launch of a new product, Century Cubicles, augmenting towards a vigorous investment plan along with product diversification in their already existing plywood category. Century Cubicles was launched in Mumbai.

Water-Resistant MDF: The growing demand for water-resistant medium density fiberboard, the company has been continuously working and developed revolutionary firewall technology from the house of CenturyPly. This technology delays the spread of fire and does not act as a medium for the spread of fire or rapidly burn itself. This technology emits less smoke protecting you from suffocation.

EXPANDING PRODUCTION CAPABILITIES AND MARKET REACH

To meet the industry demand of construction, interior designing, and furniture, the company has expanded its manufacturing capacity with vast investment in the last few years. For instance, in 2023, the company has set up a manufacturing plant in Andhra Pradesh with an investment of around USD 88 million and around USD 30 million in laminates and PVC in the first phase at this plant. The new plant will increase the production capacity in MDF by 950 M3, which would double their footprint in the medium density fiberboard.

Strategic Partnerships: Centuryply has been actively forging partnerships to enhance its technological capabilities and market reach. For instance, in August 2023, with the collaboration of ANDRITZ AG, an Austria-based machinery company which involved in manufacturing and supplying of various industrial machinery, equipment, plants and solutions. CenturPly produces first fibers with its new ANDRITZ pressurized refining system at its medium-density fiberboard (MDF) production plant in Punjab, India. The new state-of-the-art fiber preparation system will have a design capacity of 37 tons per hour and process eucalyptus and poplar wood chips for producing high-quality MDF.

Related Reports-

Neo Banking Market: Current Analysis and Forecast (2023-2030)

MENA Fintech Market: Current Analysis and Forecast (2023-2030)

CONCLUSION

Centuryply's unwavering commitment to innovation, sustainability, and customer satisfaction positions it as a leader in the MDF market. Through its relentless pursuit of excellence and dedication to meeting evolving customer needs, Centuryply continues to drive positive change and shape the future of MDF technology. As the demand for high-performance, sustainable MDF solutions continues to grow, Centuryply remains at the forefront of innovation, empowering customers to create products that meet the highest standards of quality, sustainability, and design versatility. 

[spookysaladchaos]

Global Top 5 Companies Accounted for 71% of total Oriented Strand Board (OSB) market (QYResearch, 2021)

Oriented Strand Board is a widely used, versatile structural wood panel. Manufactured from waterproof heat-cured adhesives and rectangularly shaped wood strands that are arranged in cross-oriented layers, OSB is an engineered wood panel that shares many of the strength and performance characteristics of plywood. OSB's combination of wood and adhesives creates a strong, dimensionally stable panel that resists deflection, delamination, and warping; likewise, panels resist racking and shape distortion when subjected to demanding wind and seismic conditions. Relative to their strength, OSB panels are light in weight and easy to handle and install.

According to the new market research report “Global Oriented Strand Board (OSB) Market Report 2023-2029”, published by QYResearch, the global Oriented Strand Board (OSB) market size is projected to reach USD 21.53 billion by 2029, at a CAGR of 6.7% during the forecast period.

Figure.   Global Oriented Strand Board (OSB) Market Size (US$ Million), 2018-2029

Figure.   Global Oriented Strand Board (OSB) Top 5 Players Ranking and Market Share（Continually updated）

The global key manufacturers of Oriented Strand Board (OSB) include Norbord, LP, Kronospan, Georgia-Pacific, Weyerhaeuser NR Company, Tolko, Huber, Martco, Dieffenbacher, Egger, etc. In 2021, the global top five players had a share approximately 71.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

For more information, please contact the following e-mail address:

Email: global@qyresearch.com

Website: https://www.qyresearch.com

[adityarana1687-blog]

Wood Adhesives Market Is Anticipated To Attain Around $12.52 Billion By 2030

The global wood adhesives market size is anticipated to reach USD 12.52 billion by 2030 and is projected to grow at CAGR of 8.6% from 2024 to 2030, as per the new report by Grand View Research, Inc. The increasing demand from engineered wood-based panel manufacturers is a significant driver of the market.

Adhesives are a preferred choice for binding wood strips, chips, fibers, strands, and veneers for manufacturing engineered wood-based panels such as plywood, particle board, oriented strand board, medium density fiberboard, and high density fiberboards. Increasing population and rapid urbanization accompanied with the government efforts to boost residential construction are likely to propel the demand for wood-based panels, which in turn is expected to support the market growth.

Urea-formaldehyde (UF) dominated the market in 2023 owing to its beneficial properties, namely, inflammability, low cost, light color, and a very rapid cure rate. However, low water resistance of the product is likely to restrain its utilization over the coming years. Melamine urea-formaldehyde (MUF) resins, which possess better water resistance properties, are increasingly being used in exterior applications that are more susceptible to moisture.

Soy-based adhesives have gained popularity owing to their low cost production, low emissions, and bio-based origin. Stringent regulations pertaining to the formaldehyde emissions that are emitted during the production of UF resin-based wood products has led to resurgence of soy-based adhesives demand. Hydrolyzed soy proteins added to phenol formaldehyde resins provide reduced costs without degrading performance.

Furniture is also expected to remain a major application for the product. Growing investment on high-end, branded furniture by the consumers is expected to positively affect the market. Major trends affecting the industry are sustainability, digitalization, and integration of home electronics into work & home furniture. These factors have facilitated innovation and new product development in the market.

Wood Adhesives Market Report Highlights

Urea-formaldehyde (UF) dominated the market in 2023 with a significant volume share of 31.4%, due to its low cost

Soy-based adhesives are anticipated to witness the fastest revenue growth, with a CAGR of 10.0% from 2024 to 2030. The environmental advantages offered by the product is estimated to play a key role for its increasing demand

Flooring is estimated to be the fastest growing application, in terms of revenue, with a CAGR of 9.3% from 2024 to 2030. Increasing construction spending and the rise in demand for luxurious and comfortable flooring is expected to facilitate the segment growth

Particle Board (PB) held the largest share in the wood adhesive consumption, with a significant volume share of 27.1% in 2023

Asia Pacific dominated the wood adhesives market with a significant volume share of 58.6% in 2023, owing to the extensive engineered wood-based panel production in the region

Wood Adhesives Market Segmentation

For this report, Grand View Research has segmented the global wood adhesives market report based on product, application, substrate, and region:

Wood Adhesives Product Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Urea-formaldehyde (UF)

Melamine Urea-formaldehyde (MUF)

Phenol-formaldehyde (PF)

Isocyanates

Polyurethane

Polyvinyl Acetate (PVA)

Soy-based

Others

Wood Adhesives Application Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Flooring

Furniture

Doors & Windows

Housing Components

Others

Wood Adhesives Substrate Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Solid Wood

Oriented Strand Board (OSB)

Plywood

Particle Board (PB)

Medium-density Fiberboard (MDF)

High-density Fiberboard (HDF)

Others

Wood Adhesives Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Asia Pacific

China

India

Japan

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

List of Key Players in the Wood Adhesives Market

H.B. Fuller

Henkel AG & Co., KGaA

Bostik S.A.

3M

Sika AG

Ashland, Inc.

Pidilite Industries Ltd.

Jubilant Industries Ltd.

AkzoNobel N.V.

Franklin Adhesives & Polymers.

DowDuPont Inc.

[timberexchange]

Brazil Wood Industry Witnesses Year-Over-Year Export Surge in May

The Brazilian wood industry is experiencing a remarkable growth, with a significant year-over-year increase in exports noted in May. This growth in forest exports is not just a temporary trend but a solid display of Brazil's increasing strength in the global timber market. The country has become a major supplier of a diverse range of wood-based products, including innovative cross-laminated timber panels, glulam, parquet and laminated flooring, sandwich panels, railway sleepers, and rounded saw wood.

Exports have emerged as a strong pillar for Brazil, showcasing its versatility through the export of mouldings, plywood, furniture, and lumber. The US, Mexico, and Europe stand out as the primary markets for these exports, indicating the widespread demand for Brazilian wood products. In this blog, we will explore the dynamics behind this export surge and what it signifies for the future of Brazil's timber industry.

Brazil's Wood Export Analysis

The International Tropical Timber Organization (ITTO) reports a complex picture for Brazil's wood-based product exports in May 2024. Overall, there was a 2.7% increase in value compared to the previous year, climbing from US$328.3 million to US$337.0 million. However, this aggregate growth masks some fluctuations in specific categories.

Pine-sawnwood, a staple of the industry, saw a 14% decrease in value year-over-year, dropping from US$74.5 million to US$64.1 million. The volume of pine sawnwood exports also fell by 11%, from 306,300 m³ to 271,300 m³.

Tropical sawnwood exports experienced a steep decline, with an 18% drop in volume and a 36% fall in value, signaling a significant shift from 29,000 m³ and US$14.9 million to 23,900 m³ and US$9.6 million, respectively.

In contrast, pine plywood exports painted a more positive picture, with a 20% rise in value and an 11% increase in volume, indicating a boost from US$63.8 million and 195,900 m³ to US$76.5 million and 217,100 m³.

Tropical plywood also showed promising signs, with a 9% volume and 11% value increase, marking a growth from 3,200 m³ and US$1.9 million to 3,500 m³ and US$2.1 million. The wooden furniture has witnessed a 5% uptick in export value, rising from US$52.1 million to US$54.6 million.

Brazil's Export Pricing and Its Global Impact

As Brazil strengthens its position as one of the world's top lumber exporters, its export pricing fluctuations hold considerable influence over the global timber market. The recent increase in Brazil's lumber export prices is set to have a significant impact. The construction industry may face heightened project costs, potentially pushing up housing prices. 

Retailers could see a knock-on effect, with increased costs for lumber and wood products possibly affecting consumers, especially those planning home renovations or engaging in do-it-yourself projects. Also, other lumber-exporting countries might find themselves adjusting their prices in response to Brazil's market activity, which could lead to broader shifts in global price trends.

Conclusion

A successful lumber trading strategy relies on having accurate and up-to-date information on timber price trends. The Timber Exchange's Market Data Hub provides this crucial information. More than just a data source, it's a comprehensive digital hub for the global timber market, offering in-depth news, updates, and webinars.

The Market Data Hub's user-friendly dashboard presents over 200+ market indicators, enabling users to effectively oversee a broad range of forestry operations. From logging activities to production statistics, inventory counts, and export/import figures, the hub encompasses every aspect of the industry. It also sheds light on consumption trends and pricing in over 25 key global markets.Would you like to explore the full capabilities of the Market Data Hub and truly take advantage of its offerings? Book a demo from here.