Zion Market Research, the market research group announced the analysis report titled ‘Amino Resins Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Amino Resins Market: Overview
Amino resins are thermosetting resins with outstanding tensile strength, influence resistance, and hardness. Amino resins are consisting of copolymerization of amides or amines with aldehydes. Coating films are produced by amino resins; they enhance solvent resistance and hardness when used in a blend with alkyd resins, polyester resins, epoxy, ester resins, or acrylic resins. Amino resins are used as adhesives in wood products such as plywood, particleboard, and MDF, coatings for paper and textiles. They are used with polyester, epoxy, acrylic, and alkyd resins, which provide the desired balance of flexibility, chemical resistance, film toughness, and exterior durability. The amino resins product made by condensation of a compound containing an amine such as melamine or urea and with an aldehyde such as formaldehyde is used in making permanent-press fabrics and various products, which are called amino plastic.
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Global Amino Resins Market: Growth Factor
Butylated urea, melamine, and benzo guan amine-formaldehyde resins are dominating resins in the global amino resins market, which are used in the coating industries for finishing and surfacing purpose also in household appliances and industrial products, which has contributed to the growth of the global market. Advancement and development in the manufacturing and allied activities expected to boost the global amino resins market for coating and paint industry for products such as bicycles, scooters, automobiles, mopeds, electric fans, farm implements, sewing machines, steel furniture, refrigerators, kitchen appliances, toys, and so on. However, huge demand for construction and housing has driven the growth of furniture industry, which in turn is expected to fuel the growth of the global amino resins market. Increasing environment and health concern due to emission from few amino resins and stringent regulation set by the government are the major restraints in the global market in future.
Global Amino Resins Market: Segmentation
The global amino resins market has been broadly segmented into type and applications. Based on the type, the global market is further divided into melamine urea formaldehyde, melamine formaldehyde, and urea formaldehyde. The application segment of the global amino resin market is classified into construction material, cabinet and furniture making, kitchen utilities, agricultural use, foam insulation, and others.
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Global Amino Resins Market: Regional Analysis
Geographically the amino resins market is spread across North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Developing regions such as Latin America, Europe, and the Middle East are experiencing the highest growth in the consumption of amino resins in the near future, as construction activity continues to grow at a robust pace. Emerging economies such as India and China in Asia Pacific are expecting huge growth in amino resins market in coming years due to developing automotive, furniture and construction activities in this region.
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Global Amino Resins Market: Competitive Players
Key players in the global amino resins market are Chemiplastica Spa, Georgia-Pacific Llc, Acron Jsc, Chemique Adhesives and Sealants Ltd., and Qingdao Winlong Chemical Industrial Co. Ltd. Other players influencing the global market are Z.A.O Metadynea, Momentive Specialty Chemicals Inc., Dynea OY, Ercros SA, and Royal Chemie.
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