Amino resins are formed by the copolymerization of amino acids with an aldehyde. Based on the product types, amino resins are classified as urea formaldehyde, melamine formaldehyde and melamine urea formaldehyde. Amino resins are thermosetting resins which exhibit properties such as excellent tensile strength, resistance and hardness. They are mainly used as molding materials. Amino resins offer excellent functions to base materials such as increase in coating hardness and solvent resistance when combined with alkyd resins, polyester resins, epoxy ester resins and acrylic resins. Amino resins are majorly used as adhesives in wood panels such as plywood, MDF and particleboard, among others.
The global demand for amino resins is mainly dependent on the construction industry, coupled with the overall health of the regional economies. The high performance of amino resins when used in wood panels in terms of strength and resistance is expected to drive the amino resin market over the next few years. The growing demand for amino resins in paints and coating industry, used especially for automobiles, is expected to boost the growth of this market. Thus with the growing automobile industry, the amino resin market is also expected to grow substantially. Most of the amino resins manufactured in the industry are consumed in producing laminates which are used in the construction and furniture industries. However, stringent government regulations regarding the formaldehyde emission is a major restraint, hampering the growth of the market. The amino resins market is expected to witness a slow growth in the U.S. owing to the stringent regulations present in that region. Amino resins are also finding new applications in electrical, household appliances and sanitary ware.
Asia Pacific is expected to witness huge demand for amino resins due to the growing construction and furniture industry in this region.China is expected to be the major consumer owing to the presence of huge secondary processed product industry. Europe is expected to be another major market for amino acids due to the huge demand for amino resins from growing applications such as laminates and wood adhesives. Increase in the consumption of the roofing mat in Europe is expected to further boost the overall growth of the amino resins market.European countries such as Germany, France, Italy and UK are expected to be the major consumers of amino resins.North America is expected to be the third largest market for amino resins. The U.S. is anticipated to be one of the major consumers of amino resinsin North America region. The amino resins market is expected to witness rapid growthowing to the increase in the demand for the roofing mat.The Rest of the World market is likely to exhibit a steady growth in the demand for amino resin during the forecast period. Latin America and the Middle Eastern countries are expected to show potential growth for amino resins market owing to the increase in the application of MDF and particleboard in this region.
Amino resins market is highly fragmented in nature. Some of the major participants of the amino resins market includeBASF SE, Chemiplastica Spa, Advachem S.A., Georgia-Pacific Llc, INEOSMelaminesGmbh and Jiangsu Sanmu Group Co. Ltd., among others. These companies are mainly focused towards increasing their production capacities and introducing new and innovative products into the market in order to achieve competitive advantage. Companies mainly strive to develop products that would help in complying with the stringent formaldehyde emission regulations.
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Regional analysis includes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
Amino Resin Market
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- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
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