Formaldehyde-free Resin Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Formaldehyde-free Resin Market Overview

Formaldehyde-free resin is an excellent replacement of the conventional urea-formaldehyde and phenol-formaldehyde resins used for insulation purpose in furniture, adhesive and construction industry. Formaldehyde-free resins are also used in the textile industry to increase the color retention of various shades of jeans. The phenol-formaldehyde (PF) resin industry is facing an increasing challenge with respect to concerns regarding human health owing to the consumption of carcinogenic formaldehyde. Also inclusion of petroleum-based phenol in PF resin manufacturing poses risk towards sustainability.

Formaldehyde-free resin offer enhanced moisture resistance, excellent adhesion and cure performance when used in wood adhesives for industrial as well as residential applications. This has led to increase in the use of formaldehyde-free resin in the adhesive industry, which has amplified the growth of formaldehyde-free resin market. Formaldehyde-free resins are also used for binding fiberglass filaments in the fabrication of industrial nonwovens, including fiberglass webs used in roofing insulation, flooring, and HVAC filters.

Formaldehyde-free Resin Market Taxonomy

On the basis of product type global market is classified into:

  • Wood Adhesive
  • Fiberglass Adhesive
  • Foil Bonding Adhesive
  • Mineral Fiber Adhesive

On the basis of end use industry, the global market is segmented into:

  • Automobile
  • Textile
  • Chemicals
  • Furniture
  • Construction
  • Adhesive

On the basis of application, the global market is segmented into:

  • Commercial and Industrial insulation
  • Residential Insulation

Wood adhesives are extensively used in the furniture industry and offer enhanced benefits such as excellent adhesion to wood, improved rigidity and flexibility balance, and good resistance to water and fatigue. Fiberglass substrates used in the chemicals, automotive, infrastructure industry are bonded with adhesives which provide corrosion resistance and electrical insulation properties. In chemical industry, formaldehyde-free resins are used as binders in various processes. In textile industry resin finishing offers various advantages such as less tendency to creasing, improved shape retention and dimensional stability, softer and smoother fabric surface, easier to iron, improved wet fastness of dyeing’s and prints, less prone to color loss, better appearance and therefore more durable, less tendency to pilling, greater wash resistance of mechanically produced luster, especially of fiber blends and stiffening embossed finishes, water-repellents and oil-repellents.

Formaldehyde-free Resin Market Outlook – Stringent Regulations on the use of Formaldehyde Expected to Propel Demand

Stringent laws restricting the use of formaldehyde resins have forced the manufacturers and end users to opt for formaldehyde-free alternatives in the resin market. The World Health Organization’s International Agency for Research on Cancer, in June 2004 categorized formaldehyde as a group l chemical, which indicates it is carcinogenic to humans. As a result, the Occupational Safety and Health Administration (OSHA) in the U.S. regulated the acceptable exposure level of formaldehyde as 1 ppm. This has propelled consumption of formaldehyde-free resins in construction, adhesive and furniture industries, which has augmented growth of formaldehyde-free resin market. Asia Pacific has a major share in volume in the formaldehyde-free resin market. This is mainly attributed to budding urbanization and modern infrastructural needs in the emerging economies of the region.

High price of the formaldehyde-free resin is expected to be one of the restraining factors for the growth of formaldehyde-free resin industry over the forecast period. Research and development related to lowering the cost of the formaldehyde resin in the near future is one of the key strategies implemented by the market players to maintain their position. Some of the companies operating in the global formaldehyde-free resin market are Georgia-Pacific Chemicals LLC., The Dow Chemical Company, DSM, ARCL Organics Ltd., allnex group, Emerald Performance Materials, BASF SE, and Hexion.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.