Abstract
Global production and consumption of UF resins in 2007 was approximately 11 million metric tons. Global capacity utilization was 67.4% in 2007; this was a slight increase from 2006. Global UF resins consumption is estimated to have increased by 5.1% in 2007, and is expected to increase on average by 4.0% per year from 2007 to 2012, declining to 2.3% per year from 2012 to 2017. Average global utilization rates are expected to gradually increase throughout the forecast period.
Fibrous and granular wood applications accounted for almost 70% of global UF resins consumption in 2007, followed by plywood with 18% of total consumption. Other applications for UF resins include molding compounds.
The following pie chart shows world consumption of UF resins by end use: