Amino resins provide various advantages, such as excellent tensile strength and impact resistance, due to which these thermosetting resins are widely used in industry verticals, such as adhesives, coatings, and laminates. In addition to the applications in adhesives and laminates, the demand in the North American amino resin market is estimated to increase significantly in the coming years, owing to the growing applications in the particle board and medium density fiberboard segments.
In 2013, the North American market accounted for a share of 10.56% in the global amino resins market. The U.S. is the biggest player in the North American market, having accounted for a share of 72.09% in 2013, followed by Canada with a share of 20.52%. In terms of applications, the particle board and medium density fiberboard (Mdf) segments are the most important components of the amino resin market in the region. The particle board segment accounted for a share of 39.08% in 2013. The Mdf segment is among the fastest-growing segments in the North American market.
The wood-based industries are witnessing a boom in North America, mainly owing to the recovery and rapid growth of the real estate & construction segments in the region. Amino resins find applications mainly in the laminates industry, and thus the growth of the laminates industry is one of the most important factors impacting the growth of the amino resins market in North America. The particle board segment is also responsible for the rapidly growing demand in the North American amino resins market. Apart from the government initiatives, there are various companies investing heavily for the growth of the amino resins market in the region. Some of the leading companies are Georgia-Pacific LLC (U.S.), Cytec Industries, Inc. (U.S.), and Momentive Specialty Chemicals (U.S), among others.
The North American amino resins market report provides insights into the segmentation of the concerned market. The North American market has been segmented in terms of applications, types, and the main countries in the region. On the basis of types, the market has been segmented into melamine formaldehyde resin, melamine urea formaldehyde resin, and urea formaldehyde resin. The main application segments of the North American amino resins market include adhesives, laminates, particle board, roofing mats, plywood, and medium density fiberboard (Mdf), among others. The U.S., Canada, and Mexico are the main countries that have been considered for the market analysis. The report also provides details of the competitive scenario in the market, along with the strategic profiles of the key players in the North American amino resins market.
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