Global Amino Resin Market
Amino Resin Market Size And Forecast
According to Verified Market Research, Global Amino Resin Market was valued at USD 14.3 Billion in 2018 and is projected to reach USD 27.5 Billion by 2026, growing at a CAGR of 8.45% from 2019 to 2026.
Global Amino Resin Market Outlook
Increasing demand for amino resins as an adhesive on the wood-based industry for the production of medium-density formaldehyde, particleboards, plywood, and others is likely to fuel the growth of the global amino resin market. Moreover, increasing demand for adhesives and coatings with high strength and resistivity, from rapidly growing automotive and construction industries, is a factor expected to boost the market growth. Furthermore, the expanding demand for melamine formaldehyde resins for furniture and other construction materials are further expected to bolster the growth of the market. On the other hand, strict government regulations regarding the environmental concerns about emissions of formaldehyde and easy availability of substitutes might act as restraining factors for the growth of the target market.
Global Amino Resin Market Competitive Landscape
The Global Amino Resin Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Chemique Adhesives & Sealants Ltd., BASF, Hexza Corporation, Georgia-Pacific LLC, Chimica Pomponesco S.p.A., Arclin Inc., Ineos Melamines Gmbh, Chemiplastica S.p.A., Ercros S.A., and Tembec Inc.
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