Formaldehyde-Free Resin Set to Skyrocket: Industry Valuation to Double by 2032, Fueled by Construction Boom and Industrial Applications
The global formaldehyde-free resin industry size 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. The characteristics of formaldehyde-free resin include robust resistance to moisture with good adhesion properties. As such, formaldehyde-free resins are used to…