Global Melamine Market worth USD 10.55 billion by 2026 according to new research report
May 8, 2019 8:02 PM ET
The global melamine market size is projected to reach USD 10.55 billion by 2026 growing at a CAGR of more than 4.0%. The report Melamine Market Share, Size, Trends, & Industry Analysis Report, [By Type (Resin and Foam), By Application (Laminates, Wood, Adhesives, Molding Compounds, Paints & Coatings), By End-use (Construction, Automotive, OEM), By Regions]: Segment Forecast, 2019 – 2026′ offers a wide analysis of different applications in along with insights related to current and future trends in the market.
Melamine is a chemical substance, obtained in two forms including melamine resins and melamine foams. The chemical content of the two product types is almost same and are used depending upon the type of applications. Melamine is an extensively used chemical compound on account of its superior chemical, mechanical properties, and flame-retardant properties.
Melamine is mainly used in laminates and wood adhesives. Increasing construction spending with growing disposable income of the consumers has led to growth in melamine consumption. With recovery and advancements in the developing nations, the consumer spending on home decor products and luxury furniture has increased which has directly risen the demand for wood adhesives and laminates.
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The demand of melamine mainly follows the level of development in the economies, where the demand in most of the downstream sectors is influenced by the general economic conditions. Automotive production, remodeling, construction, and original equipment manufacturers (OEM) are the few major end-use segments for melamine. In Addition to this, technological trends such as reduction of formaldehyde emissions in anticipated to become a growth factor for melamine as it is a strong formaldehyde-binding agent.
Asia Pacific is the most lucrative region for the melamine market with China as the single major participant, accounting for a share of over 40% of the total market consumption. China is expected to witness rapid growth till 2022 with anticipated increased production and additional capacities. The local consumption in the country is expected to be driven by the rapid growth in the real estate market. Melamine consumption in the automobile coatings is expected to witnesses moderately slower growth whereas its use in surface coatings for metal containers and appliances is likely to grow.
Europe accounts for approximately 28% share of the market and is the second-largest regional player in the melamine market. Eastern and Central Europe is anticipated to witness higher growth as compared to the rest of Europe due to higher consumption of melamine in laminates and wood adhesives. Melamine consumption growth in the Western Europe is expected to moderate on account of growth in residential remodeling and construction, vehicle productions, floor innovations, and do-it-yourself projects.
The global melamine industry constitutes large number of domestic and international players. Its is a moderately fragmented industry with high degree of backward integration across the value chain by the market players. Some of the major melamine market players include OCI Melamine, BASF SE, Borealis AG, Hexion Specialty Chemicals, Sichuan Golden Elephant Chemical Co., Qatar Melamine Co., and Mitsui Chemicals Inc.
Research Report has segmented the global melamine market on the basis of by type, Application, end user and region:
Melamine By Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
Melamine Resin
Melamine Foam
Melamine By Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
Laminates
Wood
Adhesives
Molding Compounds
Paints & Coatings
Others
Melamine By End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
Construction
Automotive
OEM
Others
Melamine By Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2026)
North America
U.S.
Canada
Europe
Germany
UK
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
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Table of Content
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Melamine Market Insights
3.1. Melamine industry snapshot
3.2. Melamine value chain & distribution analysis
3.3. Melamine production trends and further capacity expansion analysis
3.4. Melamine market dynamics
3.4.1. Melamine Market driver analysis
3.4.2. Melamine Market restraint/challenges analysis
3.4.3. Melamine Market opportunity analysis
3.5. Industry analysis – Porter’s five force
3.6. Melamine market PEST analysis
3.7. Melamine industry trends
3.8. Competitive company ranking analysis, 2017
4. Melamine Market Size and Forecast, By Type
4.1. Key Findings
4.2. Melamine Resin
4.3. Melamine Foam
5. Melamine Market Size and Forecast, By Type
5.1. Key Findings
5.2. Laminates
5.3. Wood
5.4. Adhesives
5.5. Molding Compounds
5.6. Paints & Coatings
5.7. Others
Continued…
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