Global Amino Resin Market 2017-2021 - One of the Major Factors Hindering the Growth is Volatility in Raw Material Prices

The global amino resin market to grow at a CAGR of 6.27% during the period 2017-2021.

Global Amino Resin Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of amino resin.

According to the 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.

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.

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.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Type

Part 07: Market Segmentation By Application

Part 08: Regional Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/dxzgh6/global_amino

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716