Global Melamine Market: Market Segments: By Forms (Melamine Resin & Melamine Foams); By Application (Laminates, Wood Adhesives, Surface Coatings, and Thermoset Plastics); By End-Use (Construction, Chemical, Textile, Automotive & Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Melamine belongs to the heterocyclic organic compound family and is a white crystalline substance. By mass, it contains 66 percent nitrogen. In order to manufacture melamine formaldehyde resins by condensation polymerization, melamine is mixed with formaldehyde. Hard, robust, shiny, melamine formaldehyde resins or melamine resins exhibit high resistance to heat, moisture, stain, and wear. To shape laminates, melamine resins are commonly used.
Global Melamine Market is expected to project a notable CAGR of XX.X% in 2030.
Global Melamine Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. Due to the growing demand from the laminate and wood adhesives industry, the global market for melamine is expected to see significant growth.
Global Melamine Market: Segments
Melamine resin Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Melamine Market is segmented by Forms into melamine resin, melamine foam. The greater market share in 2019 was accounted for by Melamine resin and is projected to attain the fastest growth. These are materials resistant to abrasion, strong, rigid. The commodity has high creep resistance and has outstanding dimensional stability. The product’s superior electrical resistance and self-extinguishing characteristics increase the overall efficiency, thereby increasing demand. The commodity is also used for cabinet and furniture manufacturing. Rising worldwide construction spending will fuel product demand in the coming years.
Global Melamine Market: Market Dynamics
Growing popularity of modular kitchens
Demand for wooden furniture, flooring, cabinets, etc. has increased rapidly with the rise in customer focus and spending on aesthetics & home decoration, which in turn drives the melamine industry. The market for melamine is driven by the increased use of melamine in high-strength concrete and carbon nanotubes, along with the increased demand for melamine from the laminate and wood adhesive markets.
Increasing consumer concern towards formaldehyde emission
Some of the key factors hampering the melamine market for the application of mounding compounds are increasing public perception and increasing demand for non-hazardous goods. Furthermore, instability in the cost of materials and increased crude oil price across the globe are hampering the growth of the global melamine market.
Global Melamine Market: Regions
Global Melamine Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Melamine Market in Asia-Pacific held the largest market share of XX.X% in 2019 and the trend is likely to continue during the forecast period. Demand is driven mainly by China. A significant user of the overall production of melamine is the wood panel industry. In other end-user sectors, such as manufacturing, furniture and cars, the commodity finds large applications. In China, as well as in other countries like India, Indonesia and Malaysia, these end-use industries have a major presence. All these factors are expected to improve the overall growth of the Asia Pacific melamine market significantly.
Key Developments in the Market:
• In December 2019, OCI N.V. Dakota Gasification Company and Dyno Nobel Enter into Exclusive Marketing Agreement for DEF, Urea Liquor and Automotive Grade Urea in North America.
Global Melamine Market: Key Players
• BASF SE
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Borealis AG
• Cornerstone Chemical Company
• East China Engineering Science & Technology Co. Ltd (ECEC)
• Grupa Azoty Zaklady Azotowe Pulawy SA
• Gujarat State Fertilizers & Chemicals Ltd
• INEOS Group
• Methanol Holdings (Trinidad) Limited (MHTL)
• Mitsui Chemicals Inc.
• Momentive Specialty Chemicals Inc.
• Nissan Chemical Industries Ltd
• OCI Melamine
• Qatar Melamine Co.
• Shanxi Fenghe Melamine Co.
• Sichuan Chemical Holdings Co. Ltd
Global Melamine Market report also contains analysis on:
Global Melamine Market:
• Melamine Resin
• Melamine Foam
• Wood Adhesives
• Molding Compounds
• Paints & Coatings
By End User:
• Melamine Market Dynamics
• Melamine Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints