The global demand for amino resins, which was valued at around USD 15,111.1 million in 2021, is predicted to create revenue of roughly USD 27,231.2 million by the end of 2026, rising at a CAGR of roughly 8.45% between 2022 and 2028, according to a report by Zion Market Research.
The manufacturing of medium-density formaldehyde, particleboards, plywood, and other products uses amino resins as an adhesive, which is expected to drive the market for amino resins during the upcoming years. The market is comprehensively evaluated in the study on the global amino resin market. The research provides a thorough analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other important elements.
Global Amino Resin Market Definition:
Melamine resins are another name for amino resin, a thermosetting resin. Copolymerization of amino compounds with an aldehyde produces it. Paint, adhesives, laminates, wood panels, moulding, and other industries employ amino resins. They are frequently utilised because of their superior weather resistance, strength, and performance. When coupled with acrylic resins and polyester resins, they give base materials varied properties like solvent resistance and coating hardness. The fabrication of paper, coatings, finished textiles, moulded plastics, and other products also uses amino resins.
Global Construction Chemicals Market: Growth Factors
Global demand for commercial, public, and residential construction is predicted to rise as a result of rising population and economic stability in many nations. In addition, it is predicted that an increase in urban population will benefit the worldwide market in the future. The global market for building chemicals may develop as a result of increasing disposable income encouraging consumers to invest more in better residential structures. The global market is further driven by the expanding need for dams, structures, tunnels, bridges, and roads for the enhancement of infrastructure facilities around the world.
Amino Resin Market, By Product
• Formaldehyde from urea
• Formaldehyde from melamine
The market is divided into three segments based on the product: urea formaldehyde, melamine formaldehyde, and melamine urea melamine formaldehyde. Since they have greater chemical resistance, better colour retention at high temperatures, better external durability, and quicker baking schedules when combined with hydroxy resins, the melamine urea formaldehyde sector is anticipated to have the greatest market share.
Amino Resin Market, By Application
• Coatings and Adhesives
• Molding Material
• Wood plywood
• Rooftop mats
The market is divided into Adhesives & Coatings, Molding Compound, Plywood, Roofing Mats, and Others based on the application. Due to the rising demand for roofing mats in nations like the U.S., it is anticipated that the market for roofing mats would exhibit the highest CAGR during the estimated period.
|UNIT||Value (USD Billion)|
|KEY COMPANIES PROFILED||Chemique Adhesives & Sealants Ltd., BASF, Hexza Corporation, Georgia-Pacific LLC, Chimica Pomponesco S.p.A., Arclin Inc., and Ineos Melamines Gmbh.|
|SEGMENTS COVERED||By Product
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