Global Amino resin market size, sales analysis and growth trends

Press release   •   Mar 19, 2018 08:05 EDT

The report "Amino Resin Market - by Types (Urea Formaldehyde, Melamine Formaldehyde, Melamine Urea Formaldehyde), Applications (Particle Board, MDF, Plywood, Laminates, Coatings) and Geography - Global Trends and Forecasts to 2018" defines and segments the global amino resins market with analysis and forecasting of the global volume and revenue. 

Amino resin is a product of copolymerization of an aldehyde with amino compounds (-NH2). The most commonly used industrial amino resins are Urea Formaldehyde Resin (UF), Melamine formaldehyde Resin (MF), and Melamine Urea Formaldehyde Resin (MUF). The major application of amino resin is as wood adhesive in manufacture of particle board, MDF, and plywood. The other applications are in laminates, coatings, molding compound, and others (paper, textiles, etc).

The report covers three major commercially used amino resins; urea formaldehyde resin (UF), melamine formaldehyde resin (MF), and melamine urea formaldehyde resin (MUF)

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Asia-Pacific leads in consumption of UF & MF resins followed by Europe and North America. China is the biggest consumer in the global UF and MF market. The market demand of amino resin in wood products has increased at a higher CAGR since 2011 after economic downturn of 2008 and is expected to remain at moderate CAGR till 2018.

Top Industry players analyzed in study: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)

The amino resin industry is witnessing high growth on the account of growing demand in the Asia-Pacific region. China is the biggest producer and consumer of UF resin and MF resin. The domestic demand of wood panels in China is high due to rapid urbanization and cheap cost of finished wood products. The export of finished wood products is high to European countries from China. The other growing amino resin markets are Japan, Indonesia, India, and South Korea.

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