Urea Formaldehyde Resins Price Trend Analysis, Historical Chart and Forecast
The Asia Pacific region experienced an initial surge in the prices of urea formaldehyde resins due to high demand and limited supply, fueled by the revival of Chinese market activities post-covid restrictions. However, the second quarter saw a decline in prices due to reduced support from the feedstock market, oversupply of the product, and decreased demand from downstream industries. In Europe, declining feedstock costs and subdued demand led to falling prices in both quarters. Similarly, in North America, weak feedstock performance, increased supply, and low demand from industries like furniture and wood contributed to declining urea formaldehyde resin prices in the first and second quarters of 2023. Request for Real-Time Urea Formaldehyde Resins Prices: https://www.procurementresource.com/resource-center/urea-formaldehyde-resins-price-trends/pricerequest Definition Urea formaldehyde resin is a thermosetting synthetic polymer formed by the reaction of urea and formaldehyde. It...