Global Amino Resins Market, By Material (Formaldehyde, Urea, Melamine), By Applications (Laminate fl

Published Date: | Report Code : MT1958278

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Amino resins are resins with excellent tensile strength, resistance to impact, and hardness. Amino resins consist of amide or aldehyde amine copolymerization. Coating films are created by amino resins; when used in a mixture with alkyd resins, polyester resins, epoxy, ester resins or acrylic resins, they improve solvent strength and hardness. Inwood products such as plywood, particleboard, and MDF, paper and textile coatings, amino resins are used as adhesives. They are used with polyester, epoxy, acrylic and alkyd resins that provide the required equilibrium of flexibility, chemical resistance, movie toughness and durability in the exterior. The amino resin product produced by condensing an amine-containing compound such as melamine or urea and using an aldehyde such as formaldehyde is used in the production of permanent-press fabrics and numerous products called amino plastics.

Segment Analysis:

Butylated urea, melamine, and benzo guan amine-formaldehyde resins are anticipated to dominate the worldwide amino resin industry, which is also used in household appliances and industrial products in the coating and surface sectors, which is supposed to add to the development of the worldwide industry. Advancement and growth in manufacturing and related operations to increase the worldwide market for coating and painting amino resins for products such as bicycles, scooters, cars, mopeds, electric fans, farm equipment, sewing machines, steel furniture, refrigerators, kitchen appliances, toys, etc. Great demand for building and housing, however, has motivated the development of the furniture industry, which is supposed to boost the development of the worldwide market for amino resins. Increasing environmental and health concerns due to emissions from a few amino resins and the government's strict regulation are the main constraints on the worldwide market in the future.

Key Factors Impacting Market Growth:

  • Growth in the timber sector

  • Increasing demand from the automotive coating industry

  • Availability of close substitutes

Regional Analysis:

By region, the amino resins market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for the amino resins market.

Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence.

Companies Covered: Acron Jsc, Advachem S.A., Arclin Inc., BASF S.E., Chemiplastica SpA, and Chemique Adhesives and Sealants Ltd…

Market Segmentation:

By Material:

  • Formaldehyde

  • Urea

  • Melamine

By Applications:

  • Laminate flooring

  • Surface coatings

  • Textile finishes

  • Paper processing

By End-use:

  • Building & construction

  • Furniture

  • Automotive

  • Electrical & electronics, and

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Materials

    • By Applications

    • By End-use

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Materials

    • By Applications

    • By End-use

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Materials

    • By Applications

    • By End-use

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Materials

    • By Applications

    • By End-use

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Materials

    • By Applications

    • By End-use

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Materials

    • By Applications

    • By End-use

Reasons To Buy This Report:

  • Market size estimation of the amino resins market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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