Amino Resins market was valued at USD 11.10 billion in 2021 and is expected to reach USD 17.52 billion by the year 2028, at a CAGR of 6.74%.
The amino resins market is experiencing steady growth attributed to their wide-ranging applications across various industries. Amino resins, derived from formaldehyde and amino compounds such as urea, melamine, and phenol, are versatile thermosetting resins known for their excellent adhesion, durability, and chemical resistance properties. They find extensive use in the production of wood adhesives, laminates, coatings, and molding compounds in sectors such as construction, automotive, furniture, and electronics. The booming construction industry, coupled with the growing demand for eco-friendly and sustainable materials, is driving the adoption of amino resins as alternatives to traditional solvent-based adhesives. Additionally, technological advancements in resin formulation and manufacturing processes are enhancing the performance and environmental sustainability of amino resins, further fueling market growth.
Top Key Players Covered in The Global Amino Resins Market
BASF SE, DIC Corporation, Hexion, Georgia Pacific Chemicals, Dynea AS and other major players.
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Segmentation:
By Type
· Urea-formaldehyde (UF)
· Melamine-formaldehyde (MF)
· Melamine-urea Formaldehyde (MUF)
By End Use Industry
· Paints and Coatings
· Adhesives and Sealants
· Textile
· Other End-user Industries
Salient Features of the Amino Resins Market
Diverse Applications: Amino resins find extensive use across a wide range of industries, including construction, automotive, furniture, electronics, and coatings. Their versatility allows for various applications such as adhesives, laminates, molding compounds, and surface coatings, contributing to their widespread adoption.
Excellent Performance Properties: Amino resins are renowned for their exceptional performance characteristics, including high adhesion strength, chemical resistance, durability, and heat resistance. These properties make them ideal for demanding applications where robustness and reliability are essential.
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By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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