Dow, Ashland and BASF SE. are Dominating the Asia-Pacific Urea-Formaldehyde Glues & Resins Market for Wood Industry in 2019

Asia-Pacific Urea-Formaldehyde Glues & Resins Market for wood industry is expected to grow with the CAGR of 8.5% in the forecast period of 2020 to 2027. The years considered for the study are as mentioned below.

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Asia-Pacific urea-formaldehyde glues & resins market for wood industry is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Asia-Pacific urea-formaldehyde glues & resins market for wood industry are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In October 2019, Dow company has announced to launched new product named as AMPLIFY Si PE 1000 Polymer System which is more suitable for the wood-plastic. This update has helped to increase the product portfolio and revenue in near future. 

Dow is the dominating player in Asia-Pacific urea-formaldehyde glues & resins market for wood industry. The other key players existing in the market includes Metafrax-Inform, Kronoplus, INEOS, Hexion., Jowat SE, Aica Kogya Co., Ltd., BASF SE, EGGER, Ashland., DAAS & Partners S.r.l., The Dovechem Group., Formal Chemical Group of Companies., Jingbao Group and Akzo Nobel N.V.

Asia-Pacific Urea-Formaldehyde Glues and Resins Market Dow

Dow headquartered in Michigan, U.S. which was founded in 1897. The company is engaged in the manufacturing of innovative, customer-centric, inclusive and sustainable materials science. Company have business segment which are packaging & specialty plastics, industrial intermediates & infrastructure and performance materials & coatings out of which industrial intermediates & infrastructure is our focused business segment. The company have wide range of products categories which are agriculture, feed and animal care, automotive and transportation, beauty and personal care, building, construction and infrastructure, chemical manufacturing and industrial, consumer goods and appliances, electronics, films, tapes and release liners, food and beverage, healthcare and hygiene, home care, industrial and institutional cleaning, oil, gas and mining, packaging, paints, inks and coatings, power, water and telecommunications, pulp and paper and textiles, leather and nonwovens out of which our market focused product category is building, construction and infrastructure.

The company has wide global presence across the globe such as North America, Europe, Asia-Pacific and Latin America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Rohm and Haas (U.S.), Dow Corning (U.S.), Dow Chemical Korea Ltd (Korea), Dow Holdings LLC (U.S.), ANGUS Chemical Company (U.S.), Chemars III LLC (U.S.), Dow Deutschland Inc (U.S.) and many others.

Ashland

Ashland is headquartered in U.S. The company is engaged in the manufacturing of adhesives, architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. The company have business segments which are specialty ingredients and intermediates and solvents out of which specialty ingredients is our market focused category. The company have product category which are by chemistry and by industry out of which by industry is our market focused category.

The company has presence in North America, Europe, Asia-Pacific and Latin America & Other with its various subsidiaries such as ISD Canada Corp (Canada), Ashland Canada Corp. (Canada), Hercules Korea Chemical Co. Ltd. (Korea) and Ashland Netherland B.V. (Netherland) among others.

BASF SE

BASF SE is headquartered in Ludwigshafen, Germany and founded in 1865. The company engaged in the manufacturing of Chemicals, materials, industrial solutions, surface technologies, nutrition & care and agricultural solutions. The company have business segments such as chemicals, material, industrial solutions, surface technologies, nutrition & care, agricultural solutions and other in which material is focused category. The company has product category which are automotive & transportation, agriculture, plastics & rubber, electronics & electric, construction, energy & resources, pharmaceuticals, textile, leather & footwear, furniture & wood, packaging & print, pulp & paper, home care and I&I cleaning, paints & coatings, personal care & hygiene, chemicals and nutrition and our market focused product category is furniture & wood.

The company has wide global presence in Americas, Europe, Asia-Pacific, Middle East and Africa. The company also earn revenue from various subsidiaries which are BASF Coatings (Germany), Wintershall (Germany), BASF Japan (Japan), Chemetall (Gemany), Cognis (Germany), BASF Polyurethanes GmbH (Germany), TrinamiX GmbH (Germany), Nunhems (The Netherlands), pci augsburg (Germany) among others.