Amino Resins Market Size, Share, And Growth Report 2032

Amino Resins Market: Size

The global Amino Resins market size was worth around USD 10.97 billion in 2023 and is predicted to grow to around USD 20.34 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.1% between 2024 and 2032. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Amino Resins market on a global and regional level.

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Global Amino Resins Market: Overview

In Global Amino Resins Market Report, Amino resins are thermosetting resins with outstanding tensile strength, influence resistance, and hardness. Amino resins are consisting of the copolymerization of amides or amines with aldehydes. Coating films are produced by amino resins; they enhance solvent resistance and hardness when used in a blend with alkyd resins, polyester resins, epoxy, ester resins, or acrylic resins. Amino resins are used as adhesives in wood products such as plywood, particleboard, and MDF, as coatings for paper and textiles. They are used with polyester, epoxy, acrylic, and alkyd resins, which provide the desired balance of flexibility, chemical resistance, film toughness, and exterior durability. The amino resins product made by condensation of a compound containing an amine such as melamine or urea and with an aldehyde such as formaldehyde is used in making permanent-press fabrics and various products, which are called amino plastic.

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Amino Resins Market: Growth Factors

Butylated urea, melamine, and benzo guan amine-formaldehyde resins are dominating resins in the global amino resins market, which are used in the coating industries for finishing and surfacing purposes also in household appliances and industrial products, which has contributed to the growth of the global market. Advancement and development in the manufacturing and allied activities are expected to boost the global amino resins market for the coating and paint industry for products such as bicycles, scooters, automobiles, mopeds, electric fans, farm implements, sewing machines, steel furniture, refrigerators, kitchen appliances, toys, and so on. However, huge demand for construction and housing has driven the growth of the furniture industry, which in turn is expected to fuel the growth of the global amino resins market. Increasing environmental and health concerns due to emissions from a few amino resins and stringent regulations set by the government are the major restraints in the global market in the future.

Amino Resins Market: Segmentation

The global amino resins market has been broadly segmented into type and applications.

Based on the type, the global market is further divided into melamine urea formaldehyde, melamine formaldehyde, and urea formaldehyde.

The application segment of the global amino resin market is classified into construction material, cabinet and furniture making, kitchen utilities, agricultural use, foam insulation, and others.

Amino Resins Market: Report Scope

Amino Resins Market: Regional Analysis

Geographically the amino resins market is spread across North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Developing regions such as Latin America, Europe, and the Middle East are experiencing the highest growth in the consumption of amino resins in the near future, as construction activity continues to grow at a robust pace. Emerging economies such as India and China in Asia Pacific are expecting huge growth in amino resins market in coming years due to developing automotive, furniture and construction activities in this region.

Amino Resins Market: Competitive Players

Some main participants of the Amino Resins Market are:

• Chemiplastica Spa
• Georgia-Pacific Llc
• Acron Jsc
• Chemique Adhesives and Sealants Ltd.
• Qingdao Winlong Chemical Industrial Co. Ltd.
• Z.A.O Metadynea
• Momentive Specialty Chemicals Inc.
• Dynea OY
• Ercros SA
• Royal Chemie

The Global Amino Resins Market is segmented as follows:

By Product Type 

• Melamine urea formaldehyde
• Melamine formaldehyde 
• Urea formaldehyde

By Application 

• Polyamide
• Acrylic
• Polyurethane
• Silicone
• Epoxy
• SMP 
• Others

Amino Resins Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa