are thermosetting resins formed by the copolymerization of amino acids with an aldehyde. These are the thermosetting resins which possesses excellent tensile strength, resistance and hardness and are mainly used in various applications such as coatings, wood panels, laminates, molding compounds and adhesives to provide strength and resistance to wood panels. Amino resins are mainly used in construction industry but increasing demand for these resins in coating applications in the automotive industry is expected to be the key growth driver in the global amino resin market between 2016 and 2021.
This report identifies the
global amino resin market
size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global amino resin market.
Globally demand for Amino Resins is dominated by Asia-Pacific due to higher consumption of amino resins in China followed by Europe and North America as the second and third largest markets respectively. Asia-Pacific is also expected to be the fastest growing region due to growing furniture and construction industry coupled with increasing consumption from automotive coating in the region especially in China and India which are also amongst largest regional consumers of amino resins in the region. Europe is also expected to witness growth in amino resin consumption due to increasing applications in wood laminates and wood adhesives. In terms of Amino resin types Urea Formaldehyde dominates the global amino resin market followed by Melamine formaldehyde and Melamine urea formaldehyde.
This report on Global Amino Resin market is further also segmented based on the on the basis of type, end-use applications as follows:
- Global Amino Resin Market, By Type (2014-2021): Urea Formaldehyde, Melamine Formaldehyde, and Melamine Urea Formaldehyde
- Global Amino Resin Market, By Application (2014-2021): Coating, Particle board, Plywood laminates, Medium-density fibreboard (MDF), and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
Sample Companies Profiled in this Report are:
- Advachem S.A.
- Chemiplastica Spa
- Georgia-Pacific Llc
- BASF SE
- Arclin Inc