Global Amino-Resin Market Overview
In value terms, amino-resin production stood at $51.4B in 2010 estimated in export prices. The total output value increased at an average annual rate of +2.3% from 2007 to 2010; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of 10% year-to-year. The global amino-resin production peaked at $52.3B in 2008; however, from 2009 to 2010, production stood at a somewhat lower figure.
The country with the largest volume of amino-resin production was China (7.4M tonnes), accounting for 25% of total production. Moreover, amino-resin production in China exceeded the figures recorded by the world's second-largest producer, the U.S. (3.5M tonnes), twofold. India (2.9M tonnes) ranked third in terms of total production with a 9.8% share.
In China, amino-resin production increased at an average annual rate of +2.9% over the period from 2007-2010. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (+0.8% per year) and India (+0.2% per year).
The global amino-resin market revenue amounted to $48.5B in 2010, surging by 8.2% against 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 +2.1% over the period from 2007 to 2010; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of 11% against the previous year. In that year, the global amino-resin market reached its peak level of $50.7B. From 2009 to 2010, the growth of the global amino-resin market remained at a lower figure.
In China, amino-resin consumption increased at an average annual rate of +1.9% over the period from 2007-2010. In the other countries, the average annual rates were as follows: the U.S. (+1.9% per year) and India (+0.4% per year).
In value terms, China ($14B) led the market, alone. The second position in the ranking was occupied by India ($6.9B). It was followed by the U.S..
From 2007 to 2010, the average annual rate of growth in terms of value in China totaled +6.7%. In the other countries, the average annual rates were as follows: India (+3.8% per year) and the U.S. (+2.0% per year).
The countries with the highest levels of amino-resin per capita consumption in 2010 were Italy (17,658 kg per 1000 persons), Japan (13,534 kg per 1000 persons) and Poland (13,453 kg per 1000 persons).
From 2007 to 2010, the most notable rate of growth in terms of amino-resin per capita consumption, amongst the main consuming countries, was attained by Poland, while the other global leaders experienced more modest paces of growth.