"Global Amino Resin Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global amino resin market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global amino resin market report has been segmented on the basis of type, application, and region.
Amino resin is a thermosetting resin formed by copolymerization of amino compounds with an aldehyde. Amino resins are used in wood panels, paint, laminates, molding, adhesives and other industries. Amino resins are also used for coatings, molded plastics, textile finishing, and paper manufacturing. Amino resins are usually used due to its high performance in terms of strength and resistance and excellent weatherability.
Rising demand for amino resin as an adhesive in wood based industry for the manufacturing of particleboards, medium density formaldehyde, plywood, etc., is a major factor expected to drive growth of the global amino resin market over the forecast period. In addition, rising demand for adhesives and coatings with high strength and resistivity, from rapidly growing construction and automotive industries also anticipated to propel demand for amino resin, is another factor anticipated to fuel growth of the target market in the next coming years. Moreover, increasing demand for melamine formaldehyde resins for furniture and other construction materials is expected to bolster growth of the target market over the forecast period.
However, stringent government regulation about environmental concerns regarding emissions of formaldehyde and easy availability of substitutes are some factors which may hamper demand for amino resin and restrain growth of the global amino resin market over the forecast period.
Increasing research and development activities by manufacturers for the production of eco-friendly amino resins is expected to create a lucrative opportunity for growth of the global amino resin market over the forecast period.
On the basis of type, the urea formaldehyde segment is estimated to account for highest growth in terms of revenue in the target market over the forecast period. On the basis of application, the particle boards segment is anticipated to register for significant growth in terms of revenue in the target market over the forecast period.
The amino resin market in Asia Pacific accounts for major share in terms of revenue in the target market and is expected to maintain its dominance over the forecast period. This dominance can be attributed to the increasing demand for urea formaldehyde and melamine formaldehyde coupled with growing construction industry in countries in the region, which in turn boost demand for amino resin over the forecast period. The Asia Pacific market is projected to grow at a faster rate in the target market over the forecast period. China accounts for highest revenue share contribution in the target market, owing to increasing investments by major manufacturers for increasing production capacity in the next coming years. Europe amino resin market is estimated to account for significant growth in terms of revenue in the global amino resin market during the forecast period. The North America amino resin market is anticipated to grow at a considerable rate in the target market during the forecast period, owing to growing automotive industry in countries in the region.
Market Segmentation and Key Players Operating in the Global Amino Resin Market:
Segmentation on the Basis of Type:
- Urea Formaldehyde
- Melamine Formaldehyde
- Melamine Urea Formaldehyde
Segmentation on the Basis of Application:
- Particle Board
- Medium Density Fiberboard (MDF)
- Roofing Mats
- Molding Compound
- Adhesives & Coatings
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Chemiplastica SpA
- Acron Jsc
- Arclin, Inc.
- Advachem SA
- Chemique Adhesives and Sealants Ltd.
- Chimica Pomponesco S.p.A.
- Cytec Industries Inc.
- Dynea Oy
- Ercros, S.A.
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