Amino Resins Market Research Report - Forecast to 2027

Amino Resins Market Information-By Type (Melamine Urea Formaldehyde, Melamine Formaldehyde, And Urea Formaldehyde Resin), Application (Laminate Flooring, Surface Coatings, Textile Finishes, Paper Processing), End Use And Region- Forecast Till 2027

ID: MRFR/CnM/0640-HCR | February 2021 | Region: Global | 136 pages

Amino Resins Market Overview


Amino resins are manufactured by copolymerization process of amino acids with an aldehyde. These are a class of thermosetting resins which possess numerous properties such as resistance, hardness, and superior tensile strength. These are generally used as molding materials. They provide various functions to base materials such as solvent resistance and coating hardness when combined with acrylic resins and polyester resins. They find extensive application scope such as textile finishers, surface coatings, laminate flooring, and paper processing in end use industries such as furniture, building & construction, automotive, and others.


As per our analysis, some of the important market factors and trends identified in the global amino resins market include rapid urbanization, rising per capita disposable income, increasing automotive production and sales. Furthermore, continuous growth in automotive sector coupled with the increase consumer awareness regarding the maintenance aspect of vehicles is estimated to propel the market growth. Additionally, speedy industrialization and rising number of working population have increased the demand for personal vehicles, which in turn, have increased the production & sales of automotive vehicles. The above mentioned reason is predicted to drive the demand for amino resins over the forecast period, 2016 to 2023. Moreover, rising investment in the building & construction sector as well as continuous expansion of building & construction industry in the developing regions is expected to fuel the growth of the market. Increasing use of amino resins in furniture industry as well as rising demand for aesthetic design furniture is predicted to fuel the growth of the market. Growth of woodworking industry in developing economies is estimated to fuel the demand during the assessment period. However, stringent regulation regarding the emission level of formaldehyde is expected to hinder the growth of the market.


Key Players



  • BASF SE (Germany)

  • Silekol sp. z o.o. (Poland)

  • Advachem S.A (Belgium)

  • Acron (Russia)

  • Rayonier Advanced Materials. (U.S.)

  • Ineos Melamines Gmbh  (Germany)

  • Chemiplastica Spa (Italy)

  • Georgia-Pacific LLC (U.S.)

  • Jiangsu Sanmu Group Co. Ltd. (China)

  • Hexion (U.S.) 


Amino Resins Market: Regional Analysis

The global amino resins market consists of five regions– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific region is estimated to grow with the highest CAGR during the forecast period on account of expansion of automotive sector as well as growing urbanization. The demand for amino resins is predicted to surge in various countries of Asia Pacific such as China, India, Malaysia, Vietnam, South Korea, and Japan due to rising middle class population along with the continuous growth of new purchase and old vehicles. Furthermore, increasing number of vehicles on road, specifically passenger vehicles has significantly contributed to the amino resins market. Additionally, with technological advancement in recent years and relatively high adoption rate is expected to propel the growth of the market during the review period, 2016 to 2023. Some other factors attributed to the regional market growth are, low setup cost of production unit, availability of cheap raw material, land & labor, and moderately stringent regulatory framework.


Asia Pacific holds the largest market share for amino resins in 2016 followed by Europe and North America. North America is predicted to witness a steady growth in amino resins market due to recovery of industrial sector coupled with escalating investments to revitalize furniture industry. North American countries such as the U.S. and Canada are among the major contributors in the regional market growth and are predicted to see a tremendous regional market growth owing to continuous expansion of electrical & electronics sector. While in Europe, countries such as France, Italy, Germany, Russia, and U.K have emerged as prominent consumer markets due to developed numerous end use industries and rising investment on R&D and innovation. Latin American countries such as Mexico, Brazil, Argentina, and Colombia are also predicted to witness moderate growth with the involvement of new business models and high automotive production and sales. The Middle East & Africa is expected to witness a significant growth during the review period. Robust growth in residential as well as commercial construction sector in Qatar, Kuwait, Saudi Arabia and the United Arab Emirates (UAE) is estimated to positively influence industry growth during the assessment period.


Global Amino Resins Market share by end use (2016), (%)


 amino resins market


Source: MRFR Analysis


Segmentation


The global amino resins market is classified on the basis of type, application, end use, and regions. Based on the type, the market is categorized into melamine urea formaldehyde resin, melamine formaldehyde resin, and urea formaldehyde resin. Based on application, the market is segmented into laminate flooring, surface coatings, textile finishes, and paper processing. Based on end use, the market is classified into building & construction, furniture, automotive, electrical & electronics, and others. Based on regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Geographical Analysis 


The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Intended Audience



  • Amino resins manufacturers

  • Traders and Distributors of amino resins

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type , Application, End Use And Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Silekol sp. z o.o. (Poland), Advachem S.A (Belgium), Acron (Russia), Rayonier Advanced Materials. (U.S.), Ineos Melamines Gmbh (Germany), Chemiplastica Spa (Italy), Georgia-Pacific LLC (U.S.), Jiangsu Sanmu Group Co. Ltd. (China), Hexion (U.S.)
  Key Market Opportunities

  • Resistance
  • Hardness
  • Superior tensile strength
  •   Key Market Drivers   Improved living standards, rising automobile sales, and increasing commercial and residential construction activities are boosting market growth


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    Frequently Asked Questions (FAQ) :


    The Asia Pacific is expected to dominate the amino resins market.

    Improved living standards, rising automobile sales, and increasing commercial and residential construction activities are boosting market growth.

    Strict regulations concerning the harmful content of formaldehyde may limit market growth.

    Building & construction sector will have the largest share in the amino resins market.

    Key players operating in the global amino resins market include Hexion (U.S.), Jiangsu Sanmu Group Co. Ltd. (China), Georgia-Pacific LLC (U.S.), Chemiplastica Spa (Italy), Ineos Melamines Gmbh (Germany), Rayonier Advanced Materials. (U.S.), Acron (Russia), Advachem S.A (Belgium), Silekol sp. z o.o. (Poland), and BASF SE (Germany).

    Table of Contents:

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Amino Resins Market

    5 Industry Overview of Global Amino Resins Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Amino Resins Market by Type

    7.1 Introduction

    7.2 Melamine Urea Formaldehyde Resin

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Melamine Formaldehyde Resin

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Urea Formaldehyde Resin

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    8. Global Amino Resins Market by Application

    8.1 Introduction

    8.2 Laminate Flooring

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Region, 2020-2027

    8.3 Surface Coatings

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Region, 2020-2027

    8.4 Textile Finishes

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Region, 2020-2027

    8.5 Paper Processing

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Region, 2020-2027

    9. Global Amino Resins Market by End Use

    9.1 Introduction

    9.2 Building & Construction

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Region, 2020-2027

    9.3 Furniture

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Region, 2020-2027

    9.4 Automotive

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Region, 2020-2027

    9.5 Electrical & Electronics

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Region, 2020-2027

    9.6 Others

    9.6.1 Market Estimates & Forecast, 2020-2027

    9.6.2 Market Estimates & Forecast by Region, 2020-2027

    10. Global Amino Resins Market by Region

    10.1 Introduction

    10.2 North America

    10.2.1 Market Estimates & Forecast, 2020-2027

    10.2.2 Market Estimates & Forecast by Type, 2020-2027

    10.2.3 Market Estimates & Forecast by Application, 2020-2027

    10.2.4 Market Estimates & Forecast by End Use, 2020-2027

    10.2.5 US

    10.2.5.1 Market Estimates & Forecast, 2020-2027

    10.2.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.2.5.3 Market Estimates & Forecast by Application, 2020-2027

    10.2.5.4 Market Estimates & Forecast by End Use, 2020-2027

    10.2.6 Canada

    10.2.6.1 Market Estimates & Forecast, 2020-2027

    10.2.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.2.6.3 Market Estimates & Forecast by Application, 2020-2027

    10.2.6.4 Market Estimates & Forecast by End Use, 2020-2027

    10.3 Europe

    10.3.1 Market Estimates & Forecast, 2020-2027

    10.3.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.3 Market Estimates & Forecast by Application, 2020-2027

    10.3.4 Market Estimates & Forecast by End Use, 2020-2027

    10.3.5 Germany

    10.3.5.1 Market Estimates & Forecast, 2020-2027

    10.3.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.5.3 Market Estimates & Forecast by Application, 2020-2027

    10.3.5.4 Market Estimates & Forecast by End Use, 2020-2027

    10.3.6 France

    10.3.6.1 Market Estimates & Forecast, 2020-2027

    10.3.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.6.3 Market Estimates & Forecast by Application, 2020-2027

    10.3.6.4 Market Estimates & Forecast by End Use, 2020-2027

    10.3.7 Italy

    10.3.7.1 Market Estimates & Forecast, 2020-2027

    10.3.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.7.3 Market Estimates & Forecast by Application, 2020-2027

    10.3.7.4 Market Estimates & Forecast by End Use, 2020-2027

    10.3.8 Spain

    10.3.8.1 Market Estimates & Forecast, 2020-2027

    10.3.8.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.8.3 Market Estimates & Forecast by Application, 2020-2027

    10.3.8.4 Market Estimates & Forecast by End Use, 2020-2027

    10.3.9 UK

    10.3.9.1 Market Estimates & Forecast, 2020-2027

    10.3.9.2 Market Estimates & Forecast by Type, 2020-2027

    10.3.9.3 Market Estimates & Forecast by Application, 2020-2027

    10.3.9.4 Market Estimates & Forecast by End Use, 2020-2027

    10.4 Asia Pacific

    10.4.1 Market Estimates & Forecast, 2020-2027

    10.4.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.3 Market Estimates & Forecast by Application, 2020-2027

    10.4.4 Market Estimates & Forecast by End Use, 2020-2027

    10.4.5 China

    10.4.5.1 Market Estimates & Forecast, 2020-2027

    10.4.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.5.3 Market Estimates & Forecast by Application, 2020-2027

    10.4.5.4 Market Estimates & Forecast by End Use, 2020-2027

    10.4.6 India

    10.4.6.1 Market Estimates & Forecast, 2020-2027

    10.4.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.6.3 Market Estimates & Forecast by Application, 2020-2027

    10.4.6.4 Market Estimates & Forecast by End Use, 2020-2027

    10.4.7 Japan

    10.4.7.1 Market Estimates & Forecast, 2020-2027

    10.4.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.7.3 Market Estimates & Forecast by Application, 2020-2027

    10.4.7.4 Market Estimates & Forecast by End Use, 2020-2027

    10.4.8 Australia

    10.4.8.1 Market Estimates & Forecast, 2020-2027

    10.4.8.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.8.3 Market Estimates & Forecast by Application, 2020-2027

    10.4.8.4 Market Estimates & Forecast by End Use, 2020-2027

    10.4.9 New Zealand

    10.4.9.1 Market Estimates & Forecast, 2020-2027

    10.4.9.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.9.3 Market Estimates & Forecast by Application, 2020-2027

    10.4.9.4 Market Estimates & Forecast by End Use, 2020-2027

    10.4.10 Rest of Asia-Pacific

    10.4.10.1 Market Estimates & Forecast, 2020-2027

    10.4.10.2 Market Estimates & Forecast by Type, 2020-2027

    10.4.10.3 Market Estimates & Forecast by Application, 2020-2027

    10.4.10.4 Market Estimates & Forecast by End Use, 2020-2027

    10.5 The Middle East & Africa

    10.5.1 Market Estimates & Forecast, 2020-2027

    10.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.3 Market Estimates & Forecast by Application, 2020-2027

    10.5.4 Market Estimates & Forecast by End Use, 2020-2027

    10.5.5 Turkey

    10.5.5.1 Market Estimates & Forecast, 2020-2027

    10.5.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.5.3 Market Estimates & Forecast by Application, 2020-2027

    10.5.5.4 Market Estimates & Forecast by End Use, 2020-2027

    10.5.6 Israel

    10.5.6.1 Market Estimates & Forecast, 2020-2027

    10.5.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.6.3 Market Estimates & Forecast by Application, 2020-2027

    10.5.6.4 Market Estimates & Forecast by End Use, 2020-2027

    10.5.7 North Africa

    10.5.7.1 Market Estimates & Forecast, 2020-2027

    10.5.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.7.3 Market Estimates & Forecast by Application, 2020-2027

    10.5.7.4 Market Estimates & Forecast by End Use, 2020-2027

    10.5.8 GCC

    10.5.8.1 Market Estimates & Forecast, 2020-2027

    10.5.8.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.8.3 Market Estimates & Forecast by Application, 2020-2027

    10.5.8.4 Market Estimates & Forecast by End Use, 2020-2027

    10.5.9 Rest of Middle East & Africa

    10.5.9.1 Market Estimates & Forecast, 2020-2027

    10.5.9.2 Market Estimates & Forecast by Type, 2020-2027

    10.5.9.3 Market Estimates & Forecast by Application, 2020-2027

    10.5.9.4 Market Estimates & Forecast by End Use, 2020-2027

    10.6 Latin America

    10.6.1 Market Estimates & Forecast, 2020-2027

    10.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.6.3 Market Estimates & Forecast by Application, 2020-2027

    10.6.4 Market Estimates & Forecast by End Use, 2020-2027

    10.6.5 Brazil

    10.6.5.1 Market Estimates & Forecast, 2020-2027

    10.6.5.2 Market Estimates & Forecast by Type, 2020-2027

    10.6.5.3 Market Estimates & Forecast by Application, 2020-2027

    10.6.5.4 Market Estimates & Forecast by End Use, 2020-2027

    10.6.6 Argentina

    10.6.6.1 Market Estimates & Forecast, 2020-2027

    10.6.6.2 Market Estimates & Forecast by Type, 2020-2027

    10.6.6.3 Market Estimates & Forecast by Application, 2020-2027

    10.6.6.4 Market Estimates & Forecast by End Use, 2020-2027

    10.6.7 Rest of Latin America

    10.6.7.1 Market Estimates & Forecast, 2020-2027

    10.6.7.2 Market Estimates & Forecast by Type, 2020-2027

    10.6.7.3 Market Estimates & Forecast by Application, 2020-2027

    10.6.7.4 Market Estimates & Forecast by End Use, 2020-2027

    11. Company Landscape

    12. Company Profiles

    12.1 BASF SE

    12.1.1 Company Overview

    12.1.2 Product/Business Segment Overview

    12.1.3 Financial Updates

    12.1.4 Key Developments

    12.2 Silekol sp. z o.o.

    12.2.1 Company Overview

    12.2.2 Product/Business Segment Overview

    12.2.3 Financial Updates

    12.2.4 Key Developments

    12.3 Advachem S.A

    12.3.1 Company Overview

    12.3.2 Product/Business Segment Overview

    12.3.3 Financial Updates

    12.3.4 Key Developments

    12.4 Acron

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Updates

    12.4.4 Key Developments

    12.5 Rayonier Advanced Materials.

    12.5.1 Company Overview

    12.5.2 Product/Business Segment Overview

    12.5.3 Financial Updates

    12.5.4 Key Developments

    12.6 Ineos Melamines Gmbh

    12.6.1 Company Overview

    12.6.2 Product/Business Segment Overview

    12.6.3 Financial Updates

    12.6.4 Key Developments

    12.7 Chemiplastica Spa

    12.7.1 Company Overview

    12.7.2 Product/Business Segment Overview

    12.7.3 Financial Updates

    12.7.4 Key Developments

    12.8 Georgia-Pacific LLC

    12.8.1 Company Overview

    12.8.2 Product/Business Segment Overview

    12.8.3 Financial Updates

    12.8.4 Key Developments

    12.9 Jiangsu Sanmu Group Co. Ltd.

    12.9.1 Company Overview

    12.9.2 Product/Business Segment Overview

    12.9.3 Financial Updates

    12.9.4 Key Developments

    12.10 Hexion

    12.10.1 Company Overview

    12.10.2 Product/Business Segment Overview

    12.10.3 Financial Updates

    12.10.4 Key Developments

    13 Conclusion

    List of Tables:

    Table 1 World Population by Major Regions (2020 To 2030)

    Table 2 Global Amino Resins Market: By Region, 2020-2027

    Table 3 North America Amino Resins Market: By Country, 2020-2027

    Table 4 Europe Amino Resins Market: By Country, 2020-2027

    Table 5 Asia-Pacific Amino Resins Market: By Country, 2020-2027

    Table 6 Middle East & Africa Amino Resins Market: By Country, 2020-2027

    Table 7 Latin America Amino Resins Market: By Country, 2020-2027

    Table 8 Global Amino Resins by Type Market: By Regions, 2020-2027

    Table 9 North America Amino Resins by Type Market: By Country, 2020-2027

    Table 10 Europe Amino Resins by Type Market: By Country, 2020-2027

    Table 11 Asia-Pacific Amino Resins by Type Market: By Country, 2020-2027

    Table 12 Middle East & Africa Amino Resins by Type Market: By Country, 2020-2027

    Table 13 Latin America Amino Resins by Type Market: By Country, 2020-2027

    Table 14 Global Amino Resins by Application Market: By Regions, 2020-2027

    Table 15 North America Amino Resins by Application Market: By Country, 2020-2027

    Table 16 Europe Amino Resins by Application Market: By Country, 2020-2027

    Table 17 Asia-Pacific Amino Resins by Application Market: By Country, 2020-2027

    Table 18 Middle East & Africa Amino Resins by Application Market: By Country, 2020-2027

    Table 19 Latin America Amino Resins by Application Market: By Country, 2020-2027

    Table 20 North America Amino Resins for End use Market: By Country, 2020-2027

    Table 21 Europe Amino Resins for End use Market: By Country, 2020-2027

    Table 22 Asia-Pacific Amino Resins for End use Market: By Country, 2020-2027

    Table 23 Middle East & Africa Amino Resins for End use Market: By Country, 2020-2027

    Table 24 Latin America Amino Resins for End use Market: By Country, 2020-2027

    Table 25 Global Type Market: By Region, 2020-2027

    Table 26 Global End Use Market: By Region, 2020-2027

    Table 27 Global Application Market: By Region, 2020-2027

    Table 28 North America Amino Resins Market, By Country

    Table 29 North America Amino Resins Market, By Type

    Table 30 North America Amino Resins Market, By Application

    Table 31 North America Amino Resins Market, By End Use

    Table 32 Europe: Amino Resins Market, By Country

    Table 33 Europe: Amino Resins Market, By Type

    Table 34 Europe: Amino Resins Market, By Application

    Table 35 Europe: Amino Resins Market, By End use

    Table 36 Asia-Pacific: Amino Resins Market, By Country

    Table 37 Asia-Pacific: Amino Resins Market, By Type

    Table 38 Asia-Pacific: Amino Resins Market, By Application

    Table 39 Asia-Pacific: Amino Resins Market, By End use

    Table 40 Middle East & Africa: Amino Resins Market, By Country

    Table 41 Middle East & Africa Amino Resins Market, By Type

    Table 42 Middle East & Africa Amino Resins Market, By Application

    Table 43 Middle East & Africa: Amino Resins Market, By End use

    Table 44 Latin America: Amino Resins Market, By Country

    Table 45 Latin America Amino Resins Market, By Type

    Table 46 Latin America Amino Resins Market, By Application

    Table 47 Latin America: Amino Resins Market, By End use

    List of Figures:

    FIGURE 1 Global Amino Resins Market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Amino Resins Market

    FIGURE 4 Value Chain of Global Amino Resins Market

    FIGURE 5 Share of Global Amino Resins Market in 2020, by country (in %)

    FIGURE 6 Global Amino Resins Market, 2020-2027,

    FIGURE 7 Sub-segments of End Use

    FIGURE 8 Global Amino Resins Market size by End Use, 2020

    FIGURE 9 Share of Global Amino Resins Market by End Use 2020 to 2027

    FIGURE 10 Global Amino Resins Market size by Application, 2020

    FIGURE 11 Share of Global Amino Resins Market by Application, 2020 to 2027

    FIGURE 12 Global Amino Resins Market size by Type, 2020

    FIGURE 13 Share of Global Amino Resins Market by Type, 2020 to 2027