Amino Resin Market Trends and Forecast
The future of the global amino resin market looks promising with opportunities in the building and construction, automotive, and marine markets. The global amino resin market is expected to reach an estimated $16.2 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are rising demand for high-performance coatings, growing demand for this resin from the adhesives and sealants industry, and expanding use of this substrate in waterborne systems.
• Lucintel forecasts that urea formaldehyde will remain the largest segment over the forecast period.
• Within this market, building and construction will remain the largest segment.
• APAC will remain the largest region over the forecast period.
Country Wise Outlook for the Amino Resin Market
• United States: In the US, companies like Hexion Inc. and Georgia-Pacific Chemicals are leading initiatives in the amino resin market. Hexion Inc. has announced advancements in their amino resin formulations, focusing on enhancing performance characteristics such as durability, adhesion, and sustainability in various applications including wood panels and coatings. Georgia-Pacific Chemicals has expanded its production capacity for amino resins to meet growing demand from the construction and automotive sectors. The US government supports these initiatives through policies aimed at promoting sustainable manufacturing practices and innovation in chemical industries.
• China: ChinaÄX%$%Xs amino resin market is experiencing rapid growth with companies such as BASF SE and Allnex investing in production facilities and research initiatives. BASF SE has launched new amino resin products tailored for the Chinese market, emphasizing environmentally friendly formulations and high performance in coatings and adhesives. Allnex has established strategic partnerships with local manufacturers to expand its distribution network and enhance market penetration for amino resins used in furniture and construction materials. The Chinese government aims to strengthen environmental regulations and promote the adoption of eco-friendly materials in manufacturing, encouraging companies to develop sustainable amino resin solutions.
• Germany: In Germany, companies like AkzoNobel and Dynea GmbH are driving innovations in amino resin technologies. AkzoNobel has introduced bio-based amino resins derived from renewable feedstocks, reducing environmental impact while maintaining performance standards in coatings and packaging applications. Dynea GmbH has focused on developing low-emission amino resin systems compliant with stringent European regulations, targeting applications in automotive interiors and furniture manufacturing. The German government supports these efforts through funding programs for research and development in sustainable chemistry and industrial innovation, aiming to position Germany as a leader in eco-friendly amino resin solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Amino Resin Market by Segment
The study includes a forecast for the global amino resin market by type, application, end use industry, and region.
Amino Resin Market by Type [Value from 2018 to 2030]:
• Urea Formaldehyde
• Melamine Formaldehyde
• Melamine Urea Formaldehyde
Amino Resin Market by Application [Value from 2018 to 2030]:
• Coatings
• Adhesives
• Laminates
• Wood/Floor
• Metal
• Machinery
• Textile
• Electric Appliances
• Others
Amino Resin Market by End Use Industry [Value from 2018 to 2030]:
• Building and Construction
• Automotive
• Marine
• Others
Amino Resin Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Amino Resin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies amino resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the amino resin companies profiled in this report include-
• BASF SE
• Cardolite
• Kukdo Chemical
• Evonik Industries
• Aditya Birla Group
Recent Development in the Amino Resin Market
• Hexion Inc.: Hexion Inc. has launched a new line of amino resins aimed at enhancing sustainability in the wood panel industry. These resins are formulated to reduce formaldehyde emissions while maintaining high performance in bonding strength and durability. HexionÄX%$%Xs initiative addresses regulatory requirements and customer demand for eco-friendly products, supporting sustainable manufacturing practices in the construction and furniture sectors.
• BASF SE: BASF SE has introduced a bio-based amino resin technology as part of its efforts to promote renewable materials in the coatings and adhesives markets. This innovation reduces dependency on fossil fuels and offers customers a more sustainable alternative without compromising on performance. BASFÄX%$%Xs bio-based amino resins are designed to meet stringent environmental standards and cater to the increasing demand for eco-friendly solutions across various industries.
• Georgia-Pacific Chemicals: Georgia-Pacific Chemicals has expanded its amino resin production capacity to meet growing demand in the automotive and packaging sectors. The companyÄX%$%Xs investment includes upgrades to existing facilities and the introduction of advanced manufacturing processes to improve efficiency and product quality. Georgia-Pacific Chemicals aims to strengthen its position in the global amino resin market by enhancing supply chain capabilities and supporting customer needs for high-performance adhesives and coatings.
Features of the Global Amino Resin Market
Market Size Estimates: Amino resin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Amino resin market size by type, application, end use industry, and region in terms of value ($B).
Regional Analysis: Amino resin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, end use industries, and regions for the amino resin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the amino resin market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the amino resin market size?
Answer: The global amino resin market is expected to reach an estimated $16.2 billion by 2030.
Q2. What is the growth forecast for amino resin market?
Answer: The global amino resin market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the amino resin market?
Answer: The major drivers for this market are rising demand for high-performance coatings, growing demand for this resin from the adhesives and sealants industry, and expanding use of this substrate in waterborne systems.
Q4. What are the major segments for amino resin market?
Answer: The future of the amino resin market looks promising with opportunities in the building and construction, automotive, and marine markets.
Q5. Who are the key amino resin market companies?
Answer: Some of the key amino resin companies are as follows:
• BASF SE
• Cardolite
• Kukdo Chemical
• Evonik Industries
• Aditya Birla Group
Q6. Which amino resin market segment will be the largest in future?
Answer: Lucintel forecasts that urea formaldehyde will remain the largest segment over the forecast period.
Q7. In amino resin market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the amino resin market by type (urea formaldehyde, melamine formaldehyde, and melamine urea formaldehyde), application (coatings, adhesives, laminates, wood/floor, metal, machinery, textile, electric appliances, and others), end use industry (building and construction, automotive, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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