Amino Resin Market Size – USD 9.46 Billion in 2020, Growth – at a CAGR of 6.2%, Trends – Rising demand for high performance coatings
Growth in the coating industry globally and increasing demand from textile industry are some key factors driving market revenue growth
The Global Amino Resin Market Size Is Expected To Reach Usd 15.24 Billion In 2028 And Register A Revenue Cagr Of 6.2% Over The Forecast Period, According To A Latest Report By Reports And Data. Market Revenue Growth Is Primarily Driven By High Demand For Automotive, Decorative, Marine, And Industrial Coatings, Owing To Expansion Of The Coating Industry Around The Globe. Besides, Increasing New Constructions Are Surging Usage Of Architectural Coatings For Decorating And Protecting New And Existing Commercial, Residential, And Industrial Structures. It Is Thus Resulting In Rising Demand For Amino Resin.
The textile industry is increasingly utilizing Amino Resin for finishing textile fabrics as these chemicals provide wash-and-wear properties to cellulose fabrics, thereby enhancing wash durability of flame-retardant finishes. Butylated melamine-formaldehyde resins are widely used in textile printing ink formulations.
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Top Companies: Basf Se, Chemique Adhesives And Sealants Ltd., Arclin Inc., Dic Corporation, Georgia-Pacific Llc, Hexza Corporation, Ercros, Sa, Chemiplastica Spa, Rayonier Advanced Materials, And Hexion Inc.
Some Key Highlights From The Report: In June 2021, Basf Se Announced Investment In A New RD Center In Japan For More Seamless Development And Production. The Company Is Enhancing Its Innovation Efficiency In Japan By Shifting The Dispersions And Resins Applications RD Center From Amagasaki To Yokkaichi. Shifting Of The RD Center Will Be Performed In Order To Enhance Customer Centricity By Minimizing Interfaces And Enabling Faster Responses. The New Initiative Is Expected To Leverage Global RD Expertise And Help In The Application Of Local RD Flexibility To Provide Best-Fit Solutions.
Urea Formaldehyde Segment Is Expected To Account For Largest Revenue Share In The Global Amino Resin Market Over The Forecast Period. Urea Formaldehyde Resins Serve As Effective Curing Agents And Are Cost-Effective, Which Is Further Boosting Its Usage In Cabinets, Doors, Case Goods, Countertops, And Fixtures For Interiors. These Resins Are Increasingly Utilized For Fast Cure, Stability, High Strength, And Versatility Properties.
Fibers Adhesives Segment Is Expected To Account For A Considerably Large Revenue Share In The Global Amino Resin Market Owing To Expansion Of The Construction Industry In Emerging Economies. Increasing Construction Of Commercial, Residential, And Industrial Buildings Is Further Projected To Increase Demand For Wood Products, Such As Medium-Density Fiberboard, Plywood, Particle Board, Sawdust Board, And Chipboard, Which Is Boosting Utilization Of Adhesives.
The Amino Resin Market In Asia Pacific Is Expected To Account For Largest Revenue Share Over The Forecast Period. Rising Demand From The Construction Industry, Especially In Developing Countries, Owing To Surging Development Of New Commercial, Residential, And Industrial Buildings, Utilities, Roads, Bridges, And Other Infrastructure Is Expected To Propel Demand For Coatings And Increase Usage Of Amino Resin. Additionally, Rapid Urbanization Would Also Support Growth Of The Asia Pacific Market.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest Of Eu)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of Apac)
- Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest Of Mea)
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Market Segmentation:
Type Outlook (Revenue, Usd Billion; 2018-2028)
- Urea Formaldehyde
- Melamine Formaldehyde
- Others
Application Outlook (Revenue, Usd Billion; 2018-2028)
- Particle Board
- Mdf
- Textile
- Fibers Adhesives
- Paper Paperboard
- Others
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Table Of Contents:
Report Overview
1.1 Research Scope
1.2 Key Amino Resin Market Segments
1.3 Major Players
1.4 Market Analysis By Product Type
1.5 Market Analysis By Application
1.6 Report Timeline
Global Growth Trends
2.1 Global Amino Resin Market Size
2.2 Latest Regional Market Trends
2.3 Emerging Growth Trends
Competitive Outlook
3.1 Global Amino Resin Market Key Players
3.2 Global Amino Resin Size By Manufacturers
3.3 Products Of Major Players
3.4 Entry Barriers In The Amino Resin Market
3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances
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