Amino Resin Market Revenue and Value Chain 2015-2025

Amino resins are formed by the copolymerization of amino acids with an aldehyde. Based on the product types, amino resins are classified as urea formaldehyde, melamine formaldehyde and melamine urea formaldehyde. Amino resins are thermosetting resins which exhibit properties such as excellent tensile strength, resistance and hardness. They are mainly used as molding materials. Amino resins offer excellent functions to base materials such as increase in coating hardness and solvent resistance when combined with alkyd resins, polyester resins, epoxy ester resins and acrylic resins. Amino resins are majorly used as adhesives in wood panels such as plywood, MDF and particleboard, among others.

The global demand for amino resins is mainly dependent on the construction industry, coupled with the overall health of the regional economies. The high performance of amino resins when used in wood panels in terms of strength and resistance is expected to drive the amino resin market over the next few years. The growing demand for amino resins in paints and coating industry, used especially for automobiles, is expected to boost the growth of this market. Thus with the growing automobile industry, the amino resin market is also expected to grow substantially. Most of the amino resins manufactured in the industry are consumed in producing laminates which are used in the construction and furniture industries. However, stringent government regulations regarding the formaldehyde emission is a major restraint, hampering the growth of the market. The amino resins market is expected to witness a slow growth in the U.S. owing to the stringent regulations present in that region. Amino resins are also finding new applications in electrical, household appliances and sanitary ware.  

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Asia Pacific is expected to witness huge demand for amino resins due to the growing construction and furniture...