Amino Resins Market Synopsis

Amino Resins Market Size Was Valued at USD 7.14 Billion in 2023, and is Projected to Reach USD 11.36 Billion by 2032, Growing at a CAGR of 5.30% From 2024-2032.

• Amino resins belong to a group of synthetic thermosetting resins which are produced by the condensation reaction involving formaldehyde and its derivatives, as well as amino compounds, such as urea, melamine, or benzoguanamine. These resins are widely applied in the woodworking industry among others, such as coatings, adhesives and textiles, these resins are valued for their exceptional heat and chemical resistance, hardness and durability. The amino resins widely applied for making plywood-based panels, paint and varnish as binders, and as laminated and molded products. They are highly prized for their capacity to form strong chain network after curing that results in the desired properties being acquired in the final product.
• The amino resins market is a necessary part of the chemical industry's ecosystem, which can be distinguished by its wide-ranging applications that are utilized not only by the automotive, construction, electronics, and paints, but also other sectors. These amino resins have different names-melamine formaldehyde, urea formaldehyde, and melamine urea formaldehyde. These are synthetic thermosetting polymers having properties like high durability, heat resistance, and chemical stability, which are outstanding. By exhibiting these properties, aminoplastic resins have become necessary materials in the production of adhesives, laminates, coatings, and molding compounds, and many other things.
• The growth of importance for amino resins markets is mainly fueled by the expanding construction industry worldwide. Urbanization and infrastructure development help to increase the consumer needs for high-performing glues and coatings. Amino resins are drawing more attention in this field owing to their excellent bonding potency and weather resistance. automotive sector that curiously linked with amino resins for the production of parts which had good strength and weight. through employing amino resins in the making of PCBs and insulating materials the electronics industry clearly demonstrates that such products are of utmost importance in innovation and technological progress.
• On the advent of the increasing tendency towards the utilization of sustainable and environmentally friendly products the sphere of amino resins market research and development has witnessed a boom. Companies are currently producing bio-based amino resins which are replacing petroleum-based resins and can be produced from renewable feedstock. These bio-based amino resins handle both the environmental problems and supply the escalating demand of the green alternatives that are used across different industries. the novel formulation technologies are giving the amino resins the capabilities they need to improve performance and broaden their applicability, which in turn increases their commercial value.
• In addition to the benefits, the amino resins industry also faces difficulties. Strict environmental and health safety regulations will be the constraints put to the market growth. Regulatory bodies all over the world enact stringent regulations on the utilization of formaldehyde-based resins as they can cause harm to health and therefore this pushes manufactures to jump into research and development that are aimed at developing low volatile compounds and formaldehyde free formulations. market dynamics are also affected by currency fluctuations and varying prices for crude oil, which results in increased costs during production.

Amino Resins Market  Trend Analysis

Increasing Applications in Wood Adhesives Sector 

• The amine resins industry is facing a boom in market demand with high applications in the wood adhesives sector being the primary driver. The wood glues leverage a wide range of applications for their use in industrial ventures, right from construction to furniture and woodworking. Amino resins, which include urea-formaldehyde, melamine-formaldehyde, and melamine-urea-formaldehyde, exhibit superior binding properties, durability and water resistance and are the best suitable ones for creating bond between wood materials. The growth of wood adhesives market associates with the dynamically growing construction and furniture industries worldwide so the demand for amino resins is unavoidably on the increase.
• Strict standards for environmentally friendly and green formulation of adhesives are a further factor that contributes to the increase in the use of amino resins, as they have low formaldehyde emissions which makes them follow standards adopted for environmental protection. With manufacturers coming up with sophisticated blends in response to the changing usages, the sector of wood adhesives is likely to hold the sustainability probability in the amino resins market.

Growing Demand for Eco-Friendly Products

• A significant percentage of the consumer market now prefers eco-friendly products, which has been beneficial for the market, particularly for amino resins. Amino resins, universally present in glues, varnishes, and laminates are being influenced to converge on sustainable production as a result of ecological concerns and regulators.
• The manufacturers have begun to look for ways on how the resins that emit less formaldehyde can be developed since formaldehyde is one of the volatile organic compounds (VOC) which can cause health issues. Moreover, there is emerging preference and trend for using biological and renewable sources as a replacement for amino resins to reduce dependence on fossil fuel and eventually make these products less carbon footprint.
• Prosumers' tendencies are changing to products which not only work well but also are environmentally friendly. The awareness of the sustainable environment rises which puts companies under pressure to adopt eco-friendly solutions into their supply chains and most importantly the materials they utilize.
• This trend comes with challenges and with opportunities alike for amino resins market. Those which innovate and present the market with sustainable alternatives will have a competitive edge compared to other companies and will have the chance to get the ever-increasing demand for eco-friendly products. Nevertheless, the journey to more sustainable ways of operation will come along with a sizable investment in research and development and with the modifications of manufacturing production lines.

Amino Resins Market  Segment Analysis:

Amino Resins Market is Segmented based on Type and End User.

By Type, Urea-formaldehyde (UF) segment is expected to dominate the market during the forecast period

• Urea-formaldehyde (UF):The UF resins find application in the wood industry as a binding agent for plywood, particleboard, and medium-density fiberboard. These glues give good bonding strength, water resistance, and the low cost feature; thus, they can be used to produce diverse wood and base products. UF resins are in the end also used to create molded products and laminates as well as adhesives basing on their brief curing speed.
• Melamine-formaldehyde (MF):The resins MF are very hardy/resistant to heat and have a high resistance to chemical agents. There are many uses in connection to decorative laminates, coatings, and molding compounds, where resistance and attractive characteristics are the prime concern. The features of MF resins as heat and scratch resistance make them suitable for utilization in the production of kitchenware, dinnerware, and automotive parts.
• Melamine-urea Formaldehyde (MUF):MUF resins have positive features of both melamine and urea-formaldehyde resins combined. They are designed to be superior in the areas of water, mechanical and heat resistance to traditional UF resins. When used in manufacturing exterior-grade plywood, marine applications and other materials which need more resilience and moisture resistance, MUF resins are the most common kind.

By End User, Paints and Coatings segment held the largest share in 2023

• Paints and Coatings: Acrylic-based resins are employed in a wide variety of paints and coatings to impart toughness, adhesion, and chemical stability for coatings. They are usually applied in the field of industrial coatings, automobile painting, wood coatings, and architectural paint.
• Adhesives and Sealants: Apart from the extreme strength, amino resins boost the ability of adhesives and sealants to bond. There are multiple uses of resins including laminates, plywood, particleboards and in production of automotive adhesives
• Textile: In the textile industry amino resins are applied as finishing agents to fabrics for providing wrinkle resistance, crease recovery and durable press properties. Apart from these, they are also employed in textile printing, as well as as binders in pigment printing.
• Other End-user Industries: Amino resins not only are applicable to paints and coatings but also are utilized in many other areas including adhesives and textiles. Such companies may cover construction, automobile, electrical, packaging, and furniture sectors. In such industries; these polymers may be used for examples like laminating, molding, or as an additive to enhance material properties.

Amino Resins Market  Regional Insights:

Asia-Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia-Pacific region is expected to be the leading player in the amino resins industry for the duration of the forecast period. This projection deals with several factors creating an attractive environment for the region. Firstly, the quick industrialization of Asian Pacific countries, such as China and India, creates the demand for amino resins in different functions in coating, adhesive and laminating industries.
• The uprising sectors of construction and automotive are the reason why high-quality coatings and adhesives are required in the region, amino resins being widely utilized for their purpose. positive government initiatives and higher investments in core infrastructure development additionally supplement the enhanced market growth. The region's Asia-Pacific market dominant status also partly owes its existence to the presence of key manufacturers and a well-developed supply chain infrastructure, thus providing a guarantee for an efficient supply and availability of amino resins. Hence, Asia-Pacific being the main supplier of amino resins can be expected to continue to dominate the market with its expanding industrial base, increasing consumer demand, and supportive legal climate.

Active Key Players in the Amino Resins Market 

• Arclin Inc. (U.S.)
• BASF SE (Germany)
• Chemique Adhesives & Sealants Ltd (U.K.)
• Cytec Industries Inc. (U.S.)
• Dynea Oy (Finland)
• Ercros S.A. (Spain)
• Foresa Industrias Quimicas Del Noroeste SA (Spain)
• Georgia Pacific Llc (U.S.)
• Kronospan Ltd (U.K.)
• Momentive Specialty Chemicals Inc. (U.S.)
• Qingdao Winlong Chemical Industrial Co. Ltd (China)
• Tembec Inc. (Canada)
• Other Key Players

Key Industry Developments in the Amino Resins Market 

• In April 2023: Arclin Inc. decides to cooperate with INSERCO Industrie Service GmbH, who helps Arclin to expand its business in South American area. We hereby establish collaboration with INSERCO Industrie Service GmbH which enables Arclin Inc. to grow its customer base in the South American submarket using INSERCO Industrie expertise.
• In April 2023: Allnex was reported to have reached full-scale production of its new manufacturing facility in China. This base will make it possible to manufacture environment-friendly resins with high performance that will, using this strategy, promote green sustainability and also meet the increasing global demand for high quality resins, additives, and coatings.
• In May 2023: Jowat SE is set to develop its trade activities in the Asia-Pacific zone by inaugurating a production facility in China. Secondly, it is also constructing of a research and development center, which covers the area of 17,300 square meters. On the basis of this new manufacturing facility and R&D center, company is just capable of strengthening its market position by the way of increasing the production and getting new clients.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. AMINO RESINS MARKET BY TYPE (2017-2032)
   1. AMINO RESINS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. UREA-FORMALDEHYDE (UF)
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. MELAMINE-FORMALDEHYDE (MF)
   5. MELAMINE-UREA FORMALDEHYDE (MUF)
7. AMINO RESINS MARKET BY END-USER (2017-2032)
   1. AMINO RESINS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PAINTS AND COATINGS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. ADHESIVES AND SEALANTS
   5. TEXTILE
   6. OTHER
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Amino Resins Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. ARCLIN INC. (U.S.)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. BASF SE (GERMANY)
   4. CHEMIQUE ADHESIVES & SEALANTS LTD (U.K.)
   5. CYTEC INDUSTRIES INC. (U.S.)
   6. DYNEA OY (FINLAND)
   7. ERCROS S.A. (SPAIN)
   8. FORESA INDUSTRIAS QUIMICAS DEL NOROESTE SA (SPAIN)
   9. GEORGIA PACIFIC LLC (U.S.)
   10. KRONOSPAN LTD (U.K.)
   11. MOMENTIVE SPECIALTY CHEMICALS INC. (U.S.)
   12. QINGDAO WINLONG CHEMICAL INDUSTRIAL CO. LTD (CHINA)
   13. TEMBEC INC. (CANADA)
9. GLOBAL AMINO RESINS MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By End-user
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. AMINO RESINS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. AMINO RESINS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. AMINO RESINS MARKET COMPETITIVE RIVALRY
TABLE 005. AMINO RESINS MARKET THREAT OF NEW ENTRANTS
TABLE 006. AMINO RESINS MARKET THREAT OF SUBSTITUTES
TABLE 007. AMINO RESINS MARKET BY TYPE
TABLE 008. UREA-FORMALDEHYDE (UF) MARKET OVERVIEW (2016-2028)
TABLE 009. MELAMINE-FORMALDEHYDE (MF) MARKET OVERVIEW (2016-2028)
TABLE 010. MELAMINE-UREA FORMALDEHYDE (MUF) MARKET OVERVIEW (2016-2028)
TABLE 011. AMINO RESINS MARKET BY END-USER INDUSTRY
TABLE 012. PAINTS & COATINGS MARKET OVERVIEW (2016-2028)
TABLE 013. ADHESIVES & SEALANTS MARKET OVERVIEW (2016-2028)
TABLE 014. TEXTILE MARKET OVERVIEW (2016-2028)
TABLE 015. OTHER END-USER INDUSTRIES MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA AMINO RESINS MARKET, BY TYPE (2016-2028)
TABLE 017. NORTH AMERICA AMINO RESINS MARKET, BY END-USER INDUSTRY (2016-2028)
TABLE 018. N AMINO RESINS MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE AMINO RESINS MARKET, BY TYPE (2016-2028)
TABLE 020. EUROPE AMINO RESINS MARKET, BY END-USER INDUSTRY (2016-2028)
TABLE 021. AMINO RESINS MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC AMINO RESINS MARKET, BY TYPE (2016-2028)
TABLE 023. ASIA PACIFIC AMINO RESINS MARKET, BY END-USER INDUSTRY (2016-2028)
TABLE 024. AMINO RESINS MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA AMINO RESINS MARKET, BY TYPE (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA AMINO RESINS MARKET, BY END-USER INDUSTRY (2016-2028)
TABLE 027. AMINO RESINS MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA AMINO RESINS MARKET, BY TYPE (2016-2028)
TABLE 029. SOUTH AMERICA AMINO RESINS MARKET, BY END-USER INDUSTRY (2016-2028)
TABLE 030. AMINO RESINS MARKET, BY COUNTRY (2016-2028)
TABLE 031. BASF SE: SNAPSHOT
TABLE 032. BASF SE: BUSINESS PERFORMANCE
TABLE 033. BASF SE: PRODUCT PORTFOLIO
TABLE 034. BASF SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. DIC CORPORATION: SNAPSHOT
TABLE 035. DIC CORPORATION: BUSINESS PERFORMANCE
TABLE 036. DIC CORPORATION: PRODUCT PORTFOLIO
TABLE 037. DIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. HEXION: SNAPSHOT
TABLE 038. HEXION: BUSINESS PERFORMANCE
TABLE 039. HEXION: PRODUCT PORTFOLIO
TABLE 040. HEXION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. GEORGIA PACIFIC CHEMICALS: SNAPSHOT
TABLE 041. GEORGIA PACIFIC CHEMICALS: BUSINESS PERFORMANCE
TABLE 042. GEORGIA PACIFIC CHEMICALS: PRODUCT PORTFOLIO
TABLE 043. GEORGIA PACIFIC CHEMICALS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. DYNEA AS: SNAPSHOT
TABLE 044. DYNEA AS: BUSINESS PERFORMANCE
TABLE 045. DYNEA AS: PRODUCT PORTFOLIO
TABLE 046. DYNEA AS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 047. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 048. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 049. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. AMINO RESINS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. AMINO RESINS MARKET OVERVIEW BY TYPE
FIGURE 012. UREA-FORMALDEHYDE (UF) MARKET OVERVIEW (2016-2028)
FIGURE 013. MELAMINE-FORMALDEHYDE (MF) MARKET OVERVIEW (2016-2028)
FIGURE 014. MELAMINE-UREA FORMALDEHYDE (MUF) MARKET OVERVIEW (2016-2028)
FIGURE 015. AMINO RESINS MARKET OVERVIEW BY END-USER INDUSTRY
FIGURE 016. PAINTS & COATINGS MARKET OVERVIEW (2016-2028)
FIGURE 017. ADHESIVES & SEALANTS MARKET OVERVIEW (2016-2028)
FIGURE 018. TEXTILE MARKET OVERVIEW (2016-2028)
FIGURE 019. OTHER END-USER INDUSTRIES MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA AMINO RESINS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE AMINO RESINS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC AMINO RESINS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA AMINO RESINS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA AMINO RESINS MARKET OVERVIEW BY COUNTRY (2016-2028)