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The amino resin market report considers the revenue generated from the sales of amino resin. Amino resins are important materials that come under thermoset polymers. They are used in paints and coatings, molded articles, adhesives, and sealants. Amino resins are produced by reacting formaldehyde with amino compounds such as melamine, benzoguanamine, or urea. They have excellent tensile strength, hardness, and impact resistance. Amino resins are of three types: urea formaldehyde, melamine formaldehyde, and melamine urea formaldehyde.Browse Amino Resin Market report with 39 Exhibits, Top 16 Companies Profile, Spread across 81 pages available @ http://www.rnrmarketresearch.com/global-amino-resin-market-2017-2021-market-report.html .
The analysts forecast global amino resin market to grow at a CAGR of 6.27% during the period 2017-2021. According to the amino resin market report, one of the major drivers for this market is Growing demand in construction industry. Amino resins are extensively used in building construction materials, such as pressed wood products. They are used as adhesives in the production of construction materials. Amino resins are used as insulating foams.
Commenting on the amino resin market report, an analyst the latest trend gaining momentum in the market is Remarkable growth in APAC. Amino resins are mainly used in the home appliances and furniture industries. APAC is expected to account for the highest growth in both the industries during the forecast period. Hectic working schedules and rising disposable income are factors that have driven individuals to invest in technology. This is driving the demand for home appliances in APAC. The rapid urbanization is also a factor that is driving the growth of home appliances in this region.
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Key players in the global amino resin market: ARCL Organics, BASF, Hexion, HEXZA, and INEOS. Other Prominent Vendors in the market are: Akolite, Borealis, Chemisol Italia, Chimica Pomponesco, Eternal Materials, EUROTECNICA Contractors and Engineers, Georgia-Pacific Chemicals, Kronospan, Mitsui Chemicals, Qatar Melamine, and Tembec.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. The continuous volatility in the prices of raw materials used in formaldehyde production is posing a serious threat to manufacturers. The price of methanol, which is a basic raw material used in the production of formaldehyde, is volatile. This makes it difficult for manufacturers to increase their profit margins. The rise in prices of raw materials leads to an increase in the prices of end products. Melamine is formed from methane, which is a byproduct of petroleum refining. The increased price of methane in the past five years has affected the demand for melamine formaldehyde in the global market.
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List of Exhibits
Exhibit 01: Global amino resin market: Market overview
Exhibit 02: Global amino resin market 2016-2021 ($ millions)
Exhibit 03: Five forces analysis
Exhibit 04: Global amino resin market by type 2016 (% revenue share)
Exhibit 05: Global amino resin market by type 2021 (% revenue share)
Exhibit 06: Global amino resin market by type - market size & forecast 2016-2021
Exhibit 07: Global urea formaldehyde market 2016-2021 ($ millions)
Exhibit 08: Global melamine formaldehyde market 2016-2021 ($ millions)
Exhibit 09: Global melamine urea formaldehyde market 2016-2021 ($ millions)
Exhibit 10: Global amino resin market by application 2016 (% revenue share) and more..
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