Global Amino-Resin Market Overview
In value terms, amino-resin production contracted slightly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2011 when the production volume increased by % y-o-y. Over the period under review, global production reached the maximum level at $ in 2014; however, from 2015 to 2019, production failed to regain the momentum.
The country with the largest volume of amino-resin production was China ( tonnes), comprising approx. % of total volume. Moreover, amino-resin production in China exceeded the figures recorded by the second-largest producer, the U.S. ( tonnes), twofold. The third position in this ranking was occupied by India ( tonnes), with a % share.
In China, amino-resin production expanded at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: the U.S. (-% per year) and India (+% per year).
The global amino-resin market revenue reduced to $ in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the global market reached the peak level at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
In China, amino-resin consumption increased at an average annual rate of +% over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (-% per year) and India (+% per year).
In value terms, China ($), the U.S. ($) and India ($) constituted the countries with the highest levels of market value in 2019, with a combined % share of the global market. These countries were followed by Italy, Thailand, South Korea, the UK, Saudi Arabia, Russia, Spain, France, Japan and Poland, which together accounted for a further %.
In terms of the main consuming countries, Poland saw the highest rates of growth with regard to market size, over the period under review, while amino-resin market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of amino-resin per capita consumption in 2019 were Italy ( kg per person), Poland ( kg per person) and Saudi Arabia ( kg per person).
From 2007 to 2019, the biggest increases were in Poland, while amino-resin per capita consumption for the other global leaders experienced more modest paces of growth.