Formaldehyde-Free Resins Industry Size, Share & Demand
The global formaldehyde-free resin industry size was worth USD 8,346.7 Million in the year 2022 and is expected to reach USD 16,257 Million by the year 2032 at a CAGR of 6.9% between 2022 and 2032. The characteristics of 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 nonwovens 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, 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. Source: https://www.medical-equipment-and-supplies.com/company/910976...