Market
- The segment of the market, to which the proposed product is oriented, is represented by the manufacturers of wood-based panels
- Present consumption of resins containing formaldehyde (including urea-formaldehyde, phenol-formaldehyde, melamine-phenolic) makes about 1 307 000 tons in Russia (http://www.gks.ru).
- As of today, the estimated formaldehyde resins production makes about 1 172 thousand tons per year (http://www.chembus.ru). Consumption of resins containing formaldehyde will increase up to 1 731 thousand tons by the year of 2015, thus the deficit might make about 253 thousand tons per year.
- In 2011 the increase of resins consumption by production of wooden panels is estimated in 10% per year.
- An average price of resins used in the woodworking is 25 RUR / kg. Potential market volume is 38 700 million RUR.
Potential share of Russian market to capture
Year of the project realization | Proposed market volume (tons) | Proposed market volume (RUR) | Planned production volume (tons) | Planned sales (RUR) | Share of the market (%) |
2013 | 1 113 200 | 27 830 000 000 | 930 | 23 250 000 | 0,08 |
2014 | 1 224 520 | 30 613 000 000 | 4 000 | 100 000 000 | 0,33 |
2015 | 1 347 000 | 33 675 000 000 | 6 000 | 150 000 000 | 0,44 |
2016 | 1 482 000 | 37 050 000 000 | 8 000 | 200 000 000 | 0,54 |
2017 | 1 630 000 | 40 750 000 000 | 12 000 | 300 000 000 | 0,74 |
- Eurostat data on European market for formaldehyde resins consumption shows that the demand for it grows and will continue growing. http://epp.eurostat.ec.europa.eu
- Annual consumption growth of resins in EU countries for wood-based panels production in 2011 is estimated as 5,5%.http://epp.eurostat.ec.europa.euhttp://b2blogger.com
- The largest consumers of formaldehyde resins in Western Europe are Germany, Finland, Italy, Spain, Great Britain and France.
- As of today, EU countries consume about 1000 thousand tons per year. http://epp.eurostat.ec.europa.eu
Potential share of International market to capture
Comparative analysis of natural glues represented on the market and the proposed bioglue shows that the last one is inferior to none of known compositions. In addition, the offered glue is more universal and it costs a third less, what defines the market segment of natural glues as the most successful to work on.
High toxicity of products is currently a burning issue of wood-based panels manufacturers, what complicates the further development of subindustry. This parameter is the key one for export and import of wood-based panels. The non-conformity with European standards for formaldehyde emission obstructs the export of wood particle boards, MDF and made of them products. Using BIOGLUE the mentioned problem can be solved.