Amino Resin Market Size (2024 - 2029)

The amino resin market is anticipated to experience growth, driven primarily by increasing demand from the paints and adhesives industries. Despite challenges posed by hazardous air pollutants from manufacturing processes, opportunities for expansion are present, particularly through the use of amino formaldehyde-based resin technologies in food-contact coatings. The adhesives and sealants sector is projected to lead the market throughout the forecast period, reflecting a significant aspect of the market's overall size and share dynamics.

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Market Size of Amino Resin Industry

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Amino Resin Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.30 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Amino Resin Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Amino Resins Market Analysis

The Amino Resin Market size is expected to grow from 7.17 million tons in 2023 to 8.86 million tons by 2028, at a CAGR of 4.30% during the forecast period (2023-2028).

The COVID-19 outbreak brought several short-term consequences in various industries, espacially construction and textile end-user industries, affecting the market demand for the paints & coatings, adhesives, and textile chemicals.

  • The primary factor driving the market studied is increasing demand from the paints & adhesives industries.
  • On the flip side, the hazardous air pollutants produced during the manufacture of amino resin is expected to hinder the growth of the market.
  • The use of amino formaldehyde-based resin technologies in the manufacture and use of food-contact coatings is expected to offer various opportunities for the growth of the market.
  • The adhesives & sealants industry is expected to dominate the global amino resin market over the forecast period.

Amino Resins Industry Segmentation

Amino resins (aminoplast) are condensation thermosetting polymers of formaldehyde with either urea or melamine.

The amino resin market is segmented by type, end-user industry, and geography. By type, the market is segmented into urea-formaldehyde (UF), melamine-formaldehyde (MF), and melamine-urea formaldehyde (MUF). By end-user industry, the market is segmented into paints and coatings, adhesives and sealants, textile, and other end-user industries. The report also covers the market size and forecasts for the amino resins market in 15 countries across major regions.

For each segment, the market sizing and forecasts have been done in volume (tons).

Type
Urea-Formaldehyde (UF)
Melamine-Formaldehyde (MF)
Melamine-Urea Formaldehyde (MUF)
End User Industry
Paints and Coatings
Textile
Adhesives and Sealants
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Amino Resin Market Size Summary

The amino resin market is poised for significant growth, driven primarily by increasing demand from the paints and adhesives industries. Despite the challenges posed by hazardous air pollutants during manufacturing, the market is expected to benefit from opportunities in food-contact coatings using amino formaldehyde-based resin technologies. The adhesives and sealants sector, particularly in the wood paneling industry, is anticipated to dominate the market, fueled by rising housing construction and population growth globally. This demand is further bolstered by the evolving furniture industry, which is seeing continuous innovation in design and materials, thereby increasing the consumption of various formaldehyde-based adhesives.

Regionally, the Asia-Pacific is expected to lead in amino resin consumption, supported by its robust end-use industries such as adhesives and sealants, paints and coatings, and textiles. The region's market share is anticipated to expand due to urbanization, population growth, and increased spending power in countries like China, India, and Southeast Asian nations. The construction sector, both residential and non-residential, is set to grow, driven by factors such as affordable housing initiatives and infrastructure development. Additionally, the textile industry in countries like Bangladesh and Indonesia is poised for growth, further propelling the demand for amino resins. The market remains fragmented, with key players like BASF SE and DIC Corporation actively engaging in collaborations and innovations to enhance their market presence.

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Amino Resin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Paints and Coatings Industries

      2. 1.1.2 Increasing Demand for Amino Resins in the Production of Adhesives for Particleboard and Hardwood Plywood

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Hazardous Air Pollutants Produced During the Manufacture of Amino Resin

      2. 1.2.2 Increasing Demand for Bio-based Resin Systems

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Technological Snapshot

    6. 1.6 Regulatory Policies

    7. 1.7 Trade Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Urea-Formaldehyde (UF)

      2. 2.1.2 Melamine-Formaldehyde (MF)

      3. 2.1.3 Melamine-Urea Formaldehyde (MUF)

    2. 2.2 End User Industry

      1. 2.2.1 Paints and Coatings

      2. 2.2.2 Textile

      3. 2.2.3 Adhesives and Sealants

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Amino Resin Market Size FAQs

The Amino Resin Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)

BASF SE, DIC Corporation, Hexion, Georgia-Pacific Chemicals and Dynea AS are the major companies operating in the Amino Resin Market.

Amino Resins Market Report Snapshots

Amino Resins Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)