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Researchandmarkets.com has announced the addition of the ‘Amino Resin Market – by Types (Urea Formaldehyde, Melamine Formaldehyde, Melamine Urea Formaldehyde), Applications (Particle Board, MDF, Plywood, Laminates, Coatings) & Geography – Global Trends & Forecasts to 2018’ report to their offering.
Amino resins are thermosetting resins formed by copolymerisation of amino compounds with an aldehyde. Amino resins are used in wood panels, coatings, laminates, moulding compounds, adhesives, and other industry. The high performance of amino resins in terms of strength and resistance they provide to wood panels are major driver of amino resin market.
The report covers three major commercially used amino resins; urea formaldehyde resin (UF), melamine formaldehyde resin (MF), and melamine urea formaldehyde resin (MUF). 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 resins in wood products has increased at a higher CAGR since 2011 after the economic downturn of 2008 and is expected to remain at moderate CAGR till 2018. The coatings industry is expected to elevate the amino resin demand with an increase in the automotive and paint industry in near future.
The report estimates the global market of UF resin, MF resin, and MUF resin till 2018. The study provides detailed qualitative and quantitative analysis of the global amino resins market including a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and forecasted for major regions such as North America, Europe, Asia Pacific, and Rest of the World. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities. The market has also been segmented on the basis of applications. The major applications for amino resins such as particle board, MDF, plywood, laminates, moulding compound, coatings, etc have been discussed in detail in the report.