Product Code: ETC4513705 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India amino resin market import shipments showcased robust growth with a notable CAGR from 2020 to 2024. The growth rate between 2023 and 2024 accelerated, indicating an expanding market momentum. Overall, the market exhibited a significant upward trend, reflecting a strong and dynamic growth trajectory.
Amino resins are widely used in the coatings and adhesives industry due to their excellent durability and chemical resistance. In India, the amino resin market has been experiencing growth as the construction and automotive sectors have expanded. These resins are utilized for various purposes, including wood adhesives, decorative laminates, and automotive coatings. The demand for eco-friendly and low-VOC (volatile organic compounds) resins has also contributed to the market`s development.
The amino resin market in India is being driven by the booming construction and automotive sectors. Amino resins are essential for producing durable and environmentally friendly adhesives, coatings, and laminates. As the construction industry thrives and environmental regulations become more stringent, the demand for high-performance, formaldehyde-free amino resins is on the rise, propelling the market forward.
The amino resin market in India encounters challenges related to environmental regulations and consumer preferences. Meeting stringent emission standards and providing environmentally friendly resin options are imperative. Market players also need to educate customers about the benefits of amino resins and their suitability for various applications. Quality control and consistency in resin production are essential.
The amino resin market in India witnessed a decline during the pandemic, primarily due to the slowdown in the automotive and construction sectors. Reduced production activities and lower demand for paints and coatings impacted the market. However, the market saw a recovery with the revival of these sectors as the pandemic situation improved.
Notable contributors in India amino resin market encompass companies such as Advachem S.A., Ineos Melamines, and Chemiplastica Spa.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Amino Resin Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Amino Resin Market Revenues & Volume, 2021 & 2031F |
3.3 India Amino Resin Market - Industry Life Cycle |
3.4 India Amino Resin Market - Porter's Five Forces |
3.5 India Amino Resin Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Amino Resin Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Amino Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for amino resins in the construction industry due to their superior properties such as high durability and resistance to heat and chemicals. |
4.2.2 Growth in the automotive sector leading to higher consumption of amino resins for coatings and adhesives applications. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of amino resins impacting profit margins. |
4.3.2 Stringent environmental regulations regarding volatile organic compounds (VOCs) emissions affecting the use of amino resins in certain applications. |
5 India Amino Resin Market Trends |
6 India Amino Resin Market, By Types |
6.1 India Amino Resin Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Amino Resin Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Amino Resin Market Revenues & Volume, By Urea Formaldehyde, 2021-2031F |
6.1.4 India Amino Resin Market Revenues & Volume, By Melamine Formaldehyde, 2021-2031F |
6.1.5 India Amino Resin Market Revenues & Volume, By Melamine Urea Formaldehyde, 2021-2031F |
6.2 India Amino Resin Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Amino Resin Market Revenues & Volume, By Particle Board, 2021-2031F |
6.2.3 India Amino Resin Market Revenues & Volume, By MDF, 2021-2031F |
6.2.4 India Amino Resin Market Revenues & Volume, By Plywood, 2021-2031F |
6.2.5 India Amino Resin Market Revenues & Volume, By Laminates, 2021-2031F |
6.2.6 India Amino Resin Market Revenues & Volume, By Coatings, 2021-2031F |
7 India Amino Resin Market Import-Export Trade Statistics |
7.1 India Amino Resin Market Export to Major Countries |
7.2 India Amino Resin Market Imports from Major Countries |
8 India Amino Resin Market Key Performance Indicators |
8.1 Research and development investment in sustainable and eco-friendly amino resin formulations. |
8.2 Adoption rate of amino resins in emerging industries such as electronics and packaging. |
8.3 Number of partnerships and collaborations between manufacturers and end-users to develop customized amino resin solutions. |
8.4 Rate of technological advancements in amino resin production processes for cost efficiency and quality improvement. |
9 India Amino Resin Market - Opportunity Assessment |
9.1 India Amino Resin Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Amino Resin Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Amino Resin Market - Competitive Landscape |
10.1 India Amino Resin Market Revenue Share, By Companies, 2024 |
10.2 India Amino Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |