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Amino Resin Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application, Product Type

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  • 104 Pages
  • November 2024
  • Region: Global
  • Prof Research
  • ID: 5726495
Description Jump to:
The global Amino Resin Market has been witnessing significant growth, driven by the increasing demand for high-performance adhesives and coatings across various industries. Amino resins, such as melamine, urea, and benzoguanamine resins, are extensively used due to their durability, heat resistance, and moisture resistance, making them suitable for a diverse range of applications.

Market Overview

The amino resin market encompasses synthetic polymers produced from amino compounds. Urea-formaldehyde, melamine-formaldehyde, and benzoguanamine resins are the primary products in this category. These resins offer excellent properties, including reliability, aesthetic appeal, and cost-effectiveness, making them favorable for multiple end-use applications from furniture to automotive components.

Market Size

As of 2023, the global amino resin market is estimated to be valued at around USD 15 billion, with projections to grow at a CAGR of approximately 5.2% from 2024 to 2029. This growth is attributed to the expanding construction and automotive industries, which increasingly utilize amino resins in coatings, adhesives, and furniture production.

Market Share & Trends Analysis

In terms of product type, the market can be segmented into:
  • Melamine Resin: This segment holds the largest market share due to its wide application in decor and furniture coatings.
  • Benzoguanamine Resin: Gaining traction for its advanced properties, particularly in electrical applications.
  • Urea Resin: Recognized for its cost-efficiency and primarily used in the construction industry.
The raw material segment faces an increasing trend towards bio-based resins, driven by environmental concerns and regulatory policies promoting sustainable practices.

Key Players in the Market

The competitive landscape of the amino resin market includes several key players:
  • Prefere Resins
  • Hexion
  • DIC Corporation
  • Mitsui Chemicals
  • Chang Chun Group
  • Eternal Materials
  • Qualipoly Chemical Corp.
  • Sanmu Group
  • ARCL Organics Ltd.
These players are focusing on enhancing their production capabilities and diversifying their product portfolios through innovation and strategic partnerships.

Market Segmentation

By Process

The amino resin production process can be categorized into:
  • Chemical Synthesis: The predominant method used due to its efficiency and cost-effectiveness.
  • Polymerization: Employed for producing specialty resins with enhanced properties.

By Application

Amino resins are utilized in numerous applications, including:
  • Marine/Heavy Duty: Used as protective coatings due to their excellent moisture and heat resistance.
  • Automotive: Applied in manufacturing durable parts and coatings.
  • Electric: Utilized in the electrical industry for insulation materials.
  • Machinery: Used in various machinery components for their adhesive properties.
  • Metal: Implemented in metal coatings for enhanced durability.
  • Wood/Flooring: Commonly used in floor coatings and furniture production.
  • Others: Includes applications in textiles and construction materials.

By End-Use

The end-use sectors for amino resins include:
  • Construction: The leading end-use sector, driven by rising infrastructure projects.
  • Automotive: Increasing vehicle production and demand for lightweight materials.
  • Electronics: Growing demand for electrical components and consumer electronics.
  • Furniture: Continuous innovations in furniture design and production.
  • Others: Encompasses diverse applications in industries such as textiles.

Regional Analysis

The amino resin market can be analyzed regionally as follows:
  • North America: Expected to dominate the market, fueled by industrial growth in the U.S. and Canada.
  • Europe: Significant growth due to regulations favoring sustainable materials and the automotive industry's resurgence.
  • Asia-Pacific: Anticipated to exhibit the highest growth rate, supported by rapid industrialization and urbanization in countries like India and China.
  • Latin America: Gradually increasing demand driven by rising infrastructure projects.
  • Middle East & Africa: Steady growth expected from the construction and automotive sectors.

Market News on Policy and Companies

Recent trends in policy favor sustainability and the use of bio-based materials, prompting manufacturers to adapt their strategies. Government initiatives globally are promoting eco-friendly products, which could significantly shape the amino resin market landscape. Companies are investing in R&D to produce innovative products that comply with environmental regulations.

Segment Forecasts: 2024-2029

Looking ahead, the market is expected to maintain its upward trajectory. The following forecasts are anticipated:
  • Melamine Resin: Expected to contribute heavily to market growth, driven by demand in the furniture and automotive sectors.
  • Benzoguanamine Resin: Projected rise in applications in the electrical sector is likely to bolster demand.
  • Urea Resin: Continued utilization in construction and furniture applications will sustain its market presence.
The growing emphasis on sustainability and developing biodegradable resins is likely to drive innovation in the amino resin market, providing companies with opportunities to cater to environmentally conscious consumers.

Conclusion

In conclusion, the global amino resin market is poised for robust growth, fueled by advancements in innovation, increased end-use applications, and a growing emphasis on sustainability. Companies that leverage their strengths in research and development, while aligning with regulatory changes, will be best positioned to capitalize on emerging opportunities in this dynamic market.


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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Amino Resin Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Amino Resin by Region
8.2 Import of Amino Resin by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Amino Resin Market in North America (2019-2029)
9.1 Amino Resin Market Size
9.2 Amino Resin Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Amino Resin Market in South America (2019-2029)
10.1 Amino Resin Market Size
10.2 Amino Resin Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Amino Resin Market in Asia & Pacific (2019-2029)
11.1 Amino Resin Market Size
11.2 Amino Resin Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southeast Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Amino Resin Market in Europe (2019-2029)
12.1 Amino Resin Market Size
12.2 Amino Resin Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Amino Resin Market in MEA (2019-2029)
13.1 Amino Resin Market Size
13.2 Amino Resin Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Amino Resin Market (2019-2024)
14.1 Amino Resin Market Size
14.2 Amino Resin Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Amino Resin Market Forecast (2024-2029)
15.1 Amino Resin Market Size Forecast
15.2 Amino Resin Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
16.1 Prefere Resins
16.1.1 Company Profile
16.1.2 Main Business and Amino Resin Information
16.1.3 SWOT Analysis of Prefere Resins
16.1.4 Prefere Resins Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
16.2 Hexion
16.2.1 Company Profile
16.2.2 Main Business and Amino Resin Information
16.2.3 SWOT Analysis of Hexion
16.2.4 Hexion Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
16.3 DIC
16.3.1 Company Profile
16.3.2 Main Business and Amino Resin Information
16.3.3 SWOT Analysis of DIC
16.3.4 DIC Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
16.4 Mitsui Chemicals
16.4.1 Company Profile
16.4.2 Main Business and Amino Resin Information
16.4.3 SWOT Analysis of Mitsui Chemicals
16.4.4 Mitsui Chemicals Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
16.5 Chang Chun Group
16.5.1 Company Profile
16.5.2 Main Business and Amino Resin Information
16.5.3 SWOT Analysis of Chang Chun Group
16.5.4 Chang Chun Group Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
16.6 Eternal Materials
16.6.1 Company Profile
16.6.2 Main Business and Amino Resin Information
16.6.3 SWOT Analysis of Eternal Materials
16.6.4 Eternal Materials Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
16.7 Qualipoly Chemical Corp.
16.7.1 Company Profile
16.7.2 Main Business and Amino Resin Information
16.7.3 SWOT Analysis of Qualipoly Chemical Corp.
16.7.4 Qualipoly Chemical Corp. Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
16.8 Sanmu Group
16.8.1 Company Profile
16.8.2 Main Business and Amino Resin Information
16.8.3 SWOT Analysis of Sanmu Group
16.8.4 Sanmu Group Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
16.9 ARCL Organics Ltd.
16.9.1 Company Profile
16.9.2 Main Business and Amino Resin Information
16.9.3 SWOT Analysis of ARCL Organics Ltd.
16.9.4 ARCL Organics Ltd. Amino Resin Sales, Revenue, Price and Gross Margin (2019-2024)
List of Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Amino Resin Report
Table Data Sources of Amino Resin Report
Table Major Assumptions of Amino Resin Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Amino Resin Picture
Table Amino Resin Classification
Table Amino Resin Applications List
Table Drivers of Amino Resin Market
Table Restraints of Amino Resin Market
Table Opportunities of Amino Resin Market
Table Threats of Amino Resin Market
Table Raw Materials Suppliers List
Table Different Production Methods of Amino Resin
Table Cost Structure Analysis of Amino Resin
Table Key End Users List
Table Latest News of Amino Resin Market
Table Merger and Acquisition List
Table Planned/Future Project of Amino Resin Market
Table Policy of Amino Resin Market
Table 2019-2029 Regional Export of Amino Resin
Table 2019-2029 Regional Import of Amino Resin
Table 2019-2029 Regional Trade Balance
Figure 2019-2029 Regional Trade Balance
Table 2019-2029 North America Amino Resin Market Size and Market Volume List
Figure 2019-2029 North America Amino Resin Market Size and CAGR
Figure 2019-2029 North America Amino Resin Market Volume and CAGR
Table 2019-2029 North America Amino Resin Demand List by Application
Table 2019-2024 North America Amino Resin Key Players Sales List
Table 2019-2024 North America Amino Resin Key Players Market Share List
Table 2019-2029 North America Amino Resin Demand List by Type
Table 2019-2024 North America Amino Resin Price List by Type
Table 2019-2029 United States Amino Resin Market Size and Market Volume List
Table 2019-2029 United States Amino Resin Import & Export List
Table 2019-2029 Canada Amino Resin Market Size and Market Volume List
Table 2019-2029 Canada Amino Resin Import & Export List
Table 2019-2029 Mexico Amino Resin Market Size and Market Volume List
Table 2019-2029 Mexico Amino Resin Import & Export List
Table 2019-2029 South America Amino Resin Market Size and Market Volume List
Figure 2019-2029 South America Amino Resin Market Size and CAGR
Figure 2019-2029 South America Amino Resin Market Volume and CAGR
Table 2019-2029 South America Amino Resin Demand List by Application
Table 2019-2024 South America Amino Resin Key Players Sales List
Table 2019-2024 South America Amino Resin Key Players Market Share List
Table 2019-2029 South America Amino Resin Demand List by Type
Table 2019-2024 South America Amino Resin Price List by Type
Table 2019-2029 Brazil Amino Resin Market Size and Market Volume List
Table 2019-2029 Brazil Amino Resin Import & Export List
Table 2019-2029 Argentina Amino Resin Market Size and Market Volume List
Table 2019-2029 Argentina Amino Resin Import & Export List
Table 2019-2029 Chile Amino Resin Market Size and Market Volume List
Table 2019-2029 Chile Amino Resin Import & Export List
Table 2019-2029 Peru Amino Resin Market Size and Market Volume List
Table 2019-2029 Peru Amino Resin Import & Export List
Table 2019-2029 Asia & Pacific Amino Resin Market Size and Market Volume List
Figure 2019-2029 Asia & Pacific Amino Resin Market Size and CAGR
Figure 2019-2029 Asia & Pacific Amino Resin Market Volume and CAGR
Table 2019-2029 Asia & Pacific Amino Resin Demand List by Application
Table 2019-2024 Asia & Pacific Amino Resin Key Players Sales List
Table 2019-2024 Asia & Pacific Amino Resin Key Players Market Share List
Table 2019-2029 Asia & Pacific Amino Resin Demand List by Type
Table 2019-2024 Asia & Pacific Amino Resin Price List by Type
Table 2019-2029 China Amino Resin Market Size and Market Volume List
Table 2019-2029 China Amino Resin Import & Export List
Table 2019-2029 India Amino Resin Market Size and Market Volume List
Table 2019-2029 India Amino Resin Import & Export List
Table 2019-2029 Japan Amino Resin Market Size and Market Volume List
Table 2019-2029 Japan Amino Resin Import & Export List
Table 2019-2029 South Korea Amino Resin Market Size and Market Volume List
Table 2019-2029 South Korea Amino Resin Import & Export List
Table 2019-2029 Southeast Asia Amino Resin Market Size List
Table 2019-2029 Southeast Asia Amino Resin Market Volume List
Table 2019-2029 Southeast Asia Amino Resin Import List
Table 2019-2029 Southeast Asia Amino Resin Export List
Table 2019-2029 Australia Amino Resin Market Size and Market Volume List
Table 2019-2029 Australia Amino Resin Import & Export List
Table 2019-2029 Europe Amino Resin Market Size and Market Volume List
Figure 2019-2029 Europe Amino Resin Market Size and CAGR
Figure 2019-2029 Europe Amino Resin Market Volume and CAGR
Table 2019-2029 Europe Amino Resin Demand List by Application
Table 2019-2024 Europe Amino Resin Key Players Sales List
Table 2019-2024 Europe Amino Resin Key Players Market Share List
Table 2019-2029 Europe Amino Resin Demand List by Type
Table 2019-2024 Europe Amino Resin Price List by Type
Table 2019-2029 Germany Amino Resin Market Size and Market Volume List
Table 2019-2029 Germany Amino Resin Import & Export List
Table 2019-2029 France Amino Resin Market Size and Market Volume List
Table 2019-2029 France Amino Resin Import & Export List
Table 2019-2029 United Kingdom Amino Resin Market Size and Market Volume List
Table 2019-2029 United Kingdom Amino Resin Import & Export List
Table 2019-2029 Italy Amino Resin Market Size and Market Volume List
Table 2019-2029 Italy Amino Resin Import & Export List
Table 2019-2029 Spain Amino Resin Market Size and Market Volume List
Table 2019-2029 Spain Amino Resin Import & Export List
Table 2019-2029 Belgium Amino Resin Market Size and Market Volume List
Table 2019-2029 Belgium Amino Resin Import & Export List
Table 2019-2029 Netherlands Amino Resin Market Size and Market Volume List
Table 2019-2029 Netherlands Amino Resin Import & Export List
Table 2019-2029 Austria Amino Resin Market Size and Market Volume List
Table 2019-2029 Austria Amino Resin Import & Export List
Table 2019-2029 Poland Amino Resin Market Size and Market Volume List
Table 2019-2029 Poland Amino Resin Import & Export List
Table 2019-2029 Russia Amino Resin Market Size and Market Volume List
Table 2019-2029 Russia Amino Resin Import & Export List
Table 2019-2029 MEA Amino Resin Market Size and Market Volume List
Figure 2019-2029 MEA Amino Resin Market Size and CAGR
Figure 2019-2029 MEA Amino Resin Market Volume and CAGR
Table 2019-2029 MEA Amino Resin Demand List by Application
Table 2019-2024 MEA Amino Resin Key Players Sales List
Table 2019-2024 MEA Amino Resin Key Players Market Share List
Table 2019-2029 MEA Amino Resin Demand List by Type
Table 2019-2024 MEA Amino Resin Price List by Type
Table 2019-2029 Egypt Amino Resin Market Size and Market Volume List
Table 2019-2029 Egypt Amino Resin Import & Export List
Table 2019-2029 Israel Amino Resin Market Size and Market Volume List
Table 2019-2029 Israel Amino Resin Import & Export List
Table 2019-2029 South Africa Amino Resin Market Size and Market Volume List
Table 2019-2029 South Africa Amino Resin Import & Export List
Table 2019-2029 Gulf Cooperation Council Countries Amino Resin Market Size and Market Volume List
Table 2019-2029 Gulf Cooperation Council Countries Amino Resin Import & Export List
Table 2019-2029 Turkey Amino Resin Market Size and Market Volume List
Table 2019-2029 Turkey Amino Resin Import & Export List
Table 2019-2024 Global Amino Resin Market Size List by Region
Table 2019-2024 Global Amino Resin Market Size Share List by Region
Table 2019-2024 Global Amino Resin Market Volume List by Region
Table 2019-2024 Global Amino Resin Market Volume Share List by Region
Table 2019-2024 Global Amino Resin Demand List by Application
Table 2019-2024 Global Amino Resin Demand Market Share List by Application
Table 2019-2024 Global Amino Resin Capacity List
Table 2019-2024 Global Amino Resin Key Vendors Capacity Share List
Table 2019-2024 Global Amino Resin Key Vendors Production List
Table 2019-2024 Global Amino Resin Key Vendors Production Share List
Figure 2019-2024 Global Amino Resin Capacity Production and Growth Rate
Table 2019-2024 Global Amino Resin Key Vendors Production Value List
Figure 2019-2024 Global Amino Resin Production Value and Growth Rate
Table 2019-2024 Global Amino Resin Key Vendors Production Value Share List
Table 2019-2024 Global Amino Resin Demand List by Type
Table 2019-2024 Global Amino Resin Demand Market Share List by Type
Table 2019-2024 Regional Amino Resin Price List
Table 2024-2029 Global Amino Resin Market Size List by Region
Table 2024-2029 Global Amino Resin Market Size Share List by Region
Table 2024-2029 Global Amino Resin Market Volume List by Region
Table 2024-2029 Global Amino Resin Market Volume Share List by Region
Table 2024-2029 Global Amino Resin Demand List by Application
Table 2024-2029 Global Amino Resin Demand Market Share List by Application
Table 2024-2029 Global Amino Resin Capacity List
Table 2024-2029 Global Amino Resin Key Vendors Capacity Share List
Table 2024-2029 Global Amino Resin Key Vendors Production List
Table 2024-2029 Global Amino Resin Key Vendors Production Share List
Figure 2024-2029 Global Amino Resin Capacity Production and Growth Rate
Table 2024-2029 Global Amino Resin Key Vendors Production Value List
Figure 2024-2029 Global Amino Resin Production Value and Growth Rate
Table 2024-2029 Global Amino Resin Key Vendors Production Value Share List
Table 2024-2029 Global Amino Resin Demand List by Type
Table 2024-2029 Global Amino Resin Demand Market Share List by Type
Table 2024-2029 Amino Resin Regional Price List
Table Prefere Resins Information
Table SWOT Analysis of Prefere Resins
Table 2019-2024 Prefere Resins Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 Prefere Resins Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 Prefere Resins Amino Resin Market Share
Table Hexion Information
Table SWOT Analysis of Hexion
Table 2019-2024 Hexion Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 Hexion Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 Hexion Amino Resin Market Share
Table DIC Information
Table SWOT Analysis of DIC
Table 2019-2024 DIC Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 DIC Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 DIC Amino Resin Market Share
Table Mitsui Chemicals Information
Table SWOT Analysis of Mitsui Chemicals
Table 2019-2024 Mitsui Chemicals Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 Mitsui Chemicals Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 Mitsui Chemicals Amino Resin Market Share
Table Chang Chun Group Information
Table SWOT Analysis of Chang Chun Group
Table 2019-2024 Chang Chun Group Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 Chang Chun Group Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 Chang Chun Group Amino Resin Market Share
Table Eternal Materials Information
Table SWOT Analysis of Eternal Materials
Table 2019-2024 Eternal Materials Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 Eternal Materials Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 Eternal Materials Amino Resin Market Share
Table Qualipoly Chemical Corp. Information
Table SWOT Analysis of Qualipoly Chemical Corp.
Table 2019-2024 Qualipoly Chemical Corp. Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 Qualipoly Chemical Corp. Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 Qualipoly Chemical Corp. Amino Resin Market Share
Table Sanmu Group Information
Table SWOT Analysis of Sanmu Group
Table 2019-2024 Sanmu Group Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 Sanmu Group Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 Sanmu Group Amino Resin Market Share
Table ARCL Organics Ltd. Information
Table SWOT Analysis of ARCL Organics Ltd.
Table 2019-2024 ARCL Organics Ltd. Amino Resin Product Capacity Production Price Cost Production Value
Figure 2019-2024 ARCL Organics Ltd. Amino Resin Capacity Production and Growth Rate
Figure 2019-2024 ARCL Organics Ltd. Amino Resin Market Share

Companies Mentioned

  • Prefere Resins
  • Hexion
  • DIC
  • Mitsui Chemicals
  • Chang Chun Group
  • Eternal Materials
  • Qualipoly Chemical Corp.
  • Sanmu Group
  • ARCL Organics Ltd.

Methodology

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