Amino Resin Market Survey Report 2021 Along with Statistics, Forecasts till 2026

The Global Amino Resin Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

The market for the amino resin is expected to grow at a CAGR of over 4% during the forecast period.

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Key Market Players: BASF SE, DIC Corporation, Hexion, Georgia-Pacific Chemicals, and Dynea AS and Other

Key Market Trends

Increasing Demand from the Adhesives and Sealants Industry

- The adhesives and sealants industry is anticipated to register a CAGR of approximately 5%, during the forecast period. Significant applications of amino resin are in adhesive and sealants in the wood paneling industry for products such as plywood, chipboard, particleboard, medium-density fiberboard, sawdust board, etc.
- The residential construction growth rate estimations for 2020 for major economies, such as India, China, and the United States, are 9%, 4%, and 3%, respectively. With the increasing housing construction and population, across the world, the demand for plywood, chipboard, particleboard, medium-density fiberboard, sawdust board, etc., for furniture, such as chairs, table, bed, sofa, shelves, and cupboard, is increasing significantly.
- In the furniture industry, concepts related to interiors of homes, offices, and flats are changing continuously. This is driving innovation and development, primarily in terms of designs, size, and colors. This is expected to augment the consumption of urea-formaldehyde (UF), melamine-formaldehyde (MF), and melamine-urea-formaldehyde (MUF) to be used mainly as adhesives in the wood paneling industry.
- Hence, due to the factors mentioned above, the adhesives and sealants segment is expected to dominate the amino resin market during the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region is expected to be the dominant market in amino resin consumption. This is because the region dominates the market for the end-use industries such as adhesives & sealants, paints & coatings, textile industry, etc.
- In 2019, the largest consumer of amino resin was China, accounting for nearly 50% of each, urea-formaldehyde (UF) and melamine-formaldehyde (MF). Growth has been strong in China as a result of the higher output of panels for furniture and other goods used in interior applications. China is also the dominant exporter of wood furniture to Europe.
- The Asia-Pacific region constitutes the largest demand market, accounting for more than 40% of the demand for paints & coatings, worldwide. The region's commanding share of the market is expected to expand even further, driven by the continued population growth, urbanization, and spending power in countries like China, Japan, South Korea, and India, and the Southeast Asian nations. Amino resins are used as binders in paints and coatings.
- Thus, rising demands from the above-mentioned end-user industries are expected to drive the growth in the Asia-Pacific region.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Amino Resin market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Amino Resin market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Amino Resin market.

Market Segments: This part of the report discusses product type and application segments of the global Amino Resin market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Amino Resin used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

- 3 months of analyst support

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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