Amino Resin Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Amino Resin Market is Segmented by Type (Urea-formaldehyde (UF), Melamine-formaldehyde (MF), Melamine-urea Formaldehyde (MUF)), End-user Industry (Paints and Coatings, Adhesives and Sealants, Textile, Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

Home right-chevron-icon Industry Reports right-chevron-icon Chemicals & Materials right-chevron-icon Aromatics and Intermediates right-chevron-icon Amino Resin Market

Amino Resin Market Size

amino resin market
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4 %

Major Players

amino resins market trends

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and it's growth?

Amino Resin Market Analysis

The market for the amino resin is expected to grow at a CAGR of over 4% during the forecast period. The primary factor driving the market studied is increasing demand from the paints & adhesives industries. On the flip side, the hazardous air pollutants produced during the manufacture of amino resin and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • The use of amino formaldehyde-based resin technologies in the manufacture and use of food-contact coatings is expected to offer various opportunities for the growth of the market.
  • The adhesives & sealants industry is expected to dominate the global amino resin market over the forecast period.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries, such as China, India, and Japan.

Amino Resin Industry Segmentation

The amino resin market report includes:

Type
Urea-Formaldehyde (UF)
Melamine-Formaldehyde (MF)
Melamine-Urea Formaldehyde (MUF)
Application
Paints and Coatings
Textile
Adhesives & Sealants
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Amino Resin Market Trends

This section covers the major market trends shaping the Amino Resin Market according to our research experts:

Increasing Demand from the Adhesives and Sealants Industry

  • The adhesives and sealants industry is anticipated to register a CAGR of approximately 5%, during the forecast period. Significant applications of amino resin are in adhesive and sealants in the wood paneling industry for products such as plywood, chipboard, particleboard, medium-density fiberboard, sawdust board, etc.
  • The residential construction growth rate estimations for 2020 for major economies, such as India, China, and the United States, are 9%, 4%, and 3%, respectively. With the increasing housing construction and population, across the world, the demand for plywood, chipboard, particleboard, medium-density fiberboard, sawdust board, etc., for furniture, such as chairs, table, bed, sofa, shelves, and cupboard, is increasing significantly.
  • In the furniture industry, concepts related to interiors of homes, offices, and flats are changing continuously. This is driving innovation and development, primarily in terms of designs, size, and colors. This is expected to augment the consumption of urea-formaldehyde (UF), melamine-formaldehyde (MF), and melamine-urea-formaldehyde (MUF) to be used mainly as adhesives in the wood paneling industry.
  • Hence, due to the factors mentioned above, the adhesives and sealants segment is expected to dominate the amino resin market during the forecast period.
amino resins industry

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to be the dominant market in amino resin consumption. This is because the region dominates the market for the end-use industries such as adhesives & sealants, paints & coatings, textile industry, etc.
  • In 2019, the largest consumer of amino resin was China, accounting for nearly 50% of each, urea-formaldehyde (UF) and melamine-formaldehyde (MF). Growth has been strong in China as a result of the higher output of panels for furniture and other goods used in interior applications. China is also the dominant exporter of wood furniture to Europe.
  • The Asia-Pacific region constitutes the largest demand market, accounting for more than 40% of the demand for paints & coatings, worldwide. The region's commanding share of the market is expected to expand even further, driven by the continued population growth, urbanization, and spending power in countries like China, Japan, South Korea, and India, and the Southeast Asian nations. Amino resins are used as binders in paints and coatings.
  • Thus, rising demands from the above-mentioned end-user industries are expected to drive the growth in the Asia-Pacific region.
amino resins market

Amino Resin Industry Overview

The amino resin market is fragmented with the presence of both international and domestic players in the market. The major companies in the market studied include BASF SE, DIC Corporation, Hexion, Georgia-Pacific Chemicals, and Dynea AS, among others.

Amino Resin Market Leaders

  1. BASF SE

  2. DIC Corporation

  3. Hexion

  4. Georgia-Pacific Chemicals

  5. Dynea AS

*Disclaimer: Major Players sorted in no particular order

Acron, Arclin Inc., BASF SE, Chemique Adhesives & Sealants Ltd, DIC Corporation, Eastman Chemical Company, Ercros SA, Dynea AS

Amino Resin Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Paints and Adhesives Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Hazardous Air Pollutants Produced During the Manufacture of Amino Resin

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

    6. 4.6 Regulatory Policies

    7. 4.7 Trade Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Urea-Formaldehyde (UF)

      2. 5.1.2 Melamine-Formaldehyde (MF)

      3. 5.1.3 Melamine-Urea Formaldehyde (MUF)

    2. 5.2 Application

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Textile

      3. 5.2.3 Adhesives & Sealants

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Acron

      2. 6.4.2 Arclin Inc.

      3. 6.4.3 BASF SE

      4. 6.4.4 Chemique Adhesives & Sealants Ltd

      5. 6.4.5 DIC Corporation

      6. 6.4.6 Eastman Chemical Company

      7. 6.4.7 Ercros SA

      8. 6.4.8 Dynea AS

      9. 6.4.9 Hexion

      10. 6.4.10 LRBG Chemicals Inc.

      11. 6.4.11 Georgia-Pacific Chemicals

      12. 6.4.12 Kronoplus Limited

      13. 6.4.13 Synpol Products Private Limited

      14. 6.4.14 Uniform Synthetics

      15. 6.4.15 Wanhua Ecoboard Co. Ltd

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Amino-Formaldehyde-based Resin Technologies in the Manufacture and Use of Food-Contact Coatings

    2. 7.2 Other Opportunities

**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

Amino Resin Market Research FAQs

The Amino Resin Market is studied from 2018 - 2028.

The Amino Resin Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

BASF SE, DIC Corporation, Hexion, Georgia-Pacific Chemicals, Dynea AS are the major companies operating in Amino Resin Market.

Amino Resin Industry Report

Statistics for the 2023 Amino Resin market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Amino Resin analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!