Future of the Formaldehyde

The global formaldehyde-free resin market was worth US$ 8.35 Billion in the year 2022 and is expected to reach US$ 16.26 Billion by the year 2032 at a CAGR of 6.9% between 2022 and 2032.

Formaldehyde-free resin is looked upon as a good replacement for traditional urea-formaldehyde and phenol-formaldehyde resins used for insulations in adhesive, furniture, and building & construction verticals. They find their place in the textile industry as well as they facilitate the retention of colors of jeans.

The characteristics of the formaldehyde-free resin include robust resistance to moisture with good adhesion properties. As such, formaldehyde-free resins are used to bind fiberglass filaments in fabricating industrial nonwoven inclusive of fiberglass webs used in the insulation of roofing, HVAC filters, and floorings.

Wood adhesives are used on an extensive note in the furniture vertical and offer advantages like appropriate adhesion to wood, the enhanced balance between flexibility and rigidity, and resistance to fatigue and water. There are fiberglass substrates used in automotive, infrastructure, and chemicals vertical; which are bound with adhesives providing resistance against corrosion with electrical insulation.

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Advantages of resin finishing in textile vertical include enhanced dimensional stability and shape retention, smoother and softer fabric surface, simpler to iron, enhanced wet fastness of prints and dyeing, better appearance, and greater wash resistance of the mechanically produced luster (of fiber blends and the stiffening embossed finished, oil-repellents, and water-repellents).

At the same time, the fact that the initial processing cost of formaldehyde-free resin is higher can't be ignored. Plus, consuming carcinogenic formaldehyde could prove to be detrimental to human health. These factors could act as restraints to the formaldehyde-free resin market in the forecast period.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Formaldehyde-free Resin Market’. The team of analysts and consultants is there to execute through its 360-degree view across macros and micros.

"With formaldehyde-free resin being excessively used for insulation at residential, commercial, and industrial level, the global formaldehyde-free resin market is likely to grow well in the forecast period", says an analyst from Future Market Insights.

Key Takeaways from Formaldehyde-free Resin Market

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