The global amino resin market size is calculated at USD 12,180 million in 2024 and is predicted to reach around USD 22,230 million by 2034, expanding at a CAGR of 6.2% from 2024 to 2034.
The amino resin market refers to the production, distribution, and use of these resins which are condensation thermosetting polymers of formaldehyde with either urea or melanin. It is also known as aminoplasts. These resins are produced by the reaction of formaldehyde with amino-functional molecules, of which melamine and urea are used. These resins are used chiefly as an adhesive for laminated materials and as coatings for textiles and paper. These are used as curing agents for thermosetting coatings. There is a high demand for these resins in adhesives, laminates, molding compounds, coatings, and wood panels, driving the growth of the amino resin market.
However, the challenging factors of this market include increasing health and environmental concerns due to emissions from few resins, high initial investment, stringent regulations, high production costs, and supply constraints that can limit the growth of the market. The future scope of the market includes increasing applications in automotive sectors, improving performance attributes, enhancing sustainability, increasing investment in research and development, and reducing costs which will help to the growth of the amino resin market.
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| Stats ID: | 7222 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7222 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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