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Amino Resin Market

By Product (Urea formaldehyde, Melamine formaldehyde, Others); By Application (Particle Board, MDF, Plywood, Laminates, Adhesives, Coatings) - Global Historical Growth (2012-2016) & Future Outlook (2017-2027) Demand Analysis & Opportunity Evaluation

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Report ID: 1004 | Published On: Feb 08, 2023
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Market Segmentation

Our in-depth analysis has segmented global expandable polystyrene market into the following segments:

By Product

  • Urea formaldehyde
  • Melamine formaldehyde
  • Others

By Application

  • Coating
  • Particle Board
  • Plywood Laminates
  • Adhesive 
  •  MDF
  • Others

By Region

Global amino resin market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.


Amino Resin market
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Market Size & Forecast
cscs

Global amino resin market is expected to flourish at a CAGR of 7.4% over the forecast period i.e. 2017-2027. Further, the market of amino resin is expected to reach USD 16.5 Billion by the end of 2027.  Amino resin has number of application in various field but majorly it is used as a baking curing agent in the coating and electronic material. Rising demand for the amino resin in paints and coating is expected to bolster the growth of the global amino market over the forecast period. Paints and coating are the used at large volume in automotive, aerospace and others sectors. Though with the growing automotive industries, amino resin market is expected to grow significantly.

Geographically, Asia Pacific market is expected to grow at the highest CAGR due to rising building & construction project and furniture industry in this region. Further amongst all Asian countries, China has highest percentage of market share in the regional platform and is expected to continue its dominance over the forecast period. Rapid increase in the population count in the some of the Asia countries such as China, India and others will give rise in construction activity. Factor such as rising building & construction project in developing countries in this region is expected to bolster the growth of the global amino resin market in upcoming years.

Amino Resin market

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Further, North America amino resin market is expected to grow at a substantial rate over the forecast period. Further, factor such as house renovation, rising demand of furniture is expected to be the dynamic factor for the growth of amino resin market in this region.


Growth Drivers & Challenges

As the worldwide population increases the demand for the furniture products also increases. Some Asian countries such as China, India are countries with higher population across the world. The growing demand of the furniture products is expected to foster the growth of the amino resin market over the forecast period. Further it is also used for the coating purpose for finishing in household appliance and industry products. Moreover, coating is the major application of the automotive sector. Thus growing automobile industries increase the demand of the amino resin which is expected to garner the growth of the amino resin market in near future. Further, rising construction & housing has driven the growth of furniture industries, expected to fuel the growth of the amino resin market globally.

 However, cost of the raw material is expected to dampen the growth of the expandable polystyrene market over the forecast period.


Top Featured Companies Dominating The Market
  • ARCL Organics
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • Swot Analysis
    • Finacials
  • Hexza
  • BASF SE
  • INEOS
  • Hexion
  • Mitsui Chemicals
  • Georgia-Pacific Chemicals
  •  Qatar Melamine
  • Advachem S.A
  •  Jiangsu Sanmu Group Co. Ltd
  • Chemiplastica Spa
  • Advachem S.A.
  • Other Prominent Player


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Top Featured Companies Dominating The Market

    • ARCL Organics
      • Company Overview
      • Key Product Offerings
      • Business Strategy
      • Swot Analysis
      • Finacials
    • Hexza
    • BASF SE
    • INEOS
    • Hexion
    • Mitsui Chemicals
    • Georgia-Pacific Chemicals
    •  Qatar Melamine
    • Advachem S.A
    •  Jiangsu Sanmu Group Co. Ltd
    • Chemiplastica Spa
    • Advachem S.A.
    • Other Prominent Player

    Scope and Context


In The News


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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