The global Melamine market size is expected to reach USD 2,578.4 million by 2030 according to a new study by Polaris Market Research. The report “Melamine Market Share, Size, Trends, Industry Analysis Report by Type (Melamine Resin, Melamine Foam); By Application (Laminates, Wood Adhesives, Molding Compounds, Paints & Coatings); By End-Use (Construction, Automotive, Chemical, Textiles), By Regions, Segments & Forecast, 2020 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Melamine resins provide inherent advantages such as high temperature stability thus allowing products to limit physical and chemical degradation even at extreme temperature flexibility, high bonding behavior which results in the product having excellent moisture resistance as well as chemical resistance thus resulting in high overall hardness, among others. Due to the high nitrogen content in the product, it exhibits flame retardant properties as well. All these properties have resulted in the broadening of the application portfolio of the product thus resulting in the overall market demand.
Melamine can be defined as a valuable and the most sophisticated part of the overall nitrogen value chain. The product is usually processed as a resin and is used to manufacture items and goods that are used on a daily basis. The product consists of hydrogen, nitrogen, and carbon and is obtained by the converting urea. The product finds wide applicability in the production of synthetic resins as well.
Market participants are paying attention to activities such as chemical analyses, customer centric product trials, overall product development cycles, after sales service, process optimization as well as resin synthesis. This is done so as to cater to the ever-evolving customized requirements of melamine resin market customers. Asian countries such as Indonesia, Malaysia and India are witnessing substantial market growth in demand and such markets are being targeted by industry participants to increase their revenue generation.
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Melamine in the construction industry is utilized in products such as kitchen cabinets, countertops, walls, flooring, and furniture. Laminates manufactured by using melamine are extensively used in construction industry. Global construction market has expanded rapidly with growth opportunities in commercial infrastructure, residential, and non-residential sector in almost every part of the world thus fueling the overall market growth.
Another factor boosting the prospects of this market is the increasing trend of using durable and high strength materials in construction industry. The stringent regulations implemented by various regulatory bodies to reduce the carbon footprint and improve energy efficiency in construction sector has prompted the emergence of this trend. Industry participants are therefore required to track such trends and plan their strategies accordingly.
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The market till recently was dominated by Chinese suppliers. But environmental inspections in the years 2016 & 2017 led to the declining of Chinese production thus resulting in tightening of overall supply in the European region. The ongoing anti-dumping duties also curtailed Chinese supply thus resulting in good market opportunities for European suppliers as buyers across the globe turned towards them as an alternative supply source.
Market participants such as OCI N.V., BASF SE, Borealis AG, Sichuan Golden Elephant Chemical Co., Qatar Melamine Co, Allnex Belgium S.A., Chemiplastica SPA, Ineos Melamines., Haohua Junhua Group Co., Ltd., Cornerstone Chemical Company, and Nissan Chemical Industries. Ltd. are some of the key players operating in the market.
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The global Melamine Foam Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the melamine foam market include BASF SE, SINOYQX (Yulong), Puyang Green Foam, Recticel, Junhua, Beijing Guojian ANKE, CMS Danskin Acoustics, Linyi Yingke Chemistry, Acoustafoam, Queen City, Reilly Foam.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Melamine Foam Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/melamine-foam-market/download-sampleMarket DynamicsRising demand for high performance thermal and acoustic insulation drives the demand for melamine foam.
The Asia Pacific is predicted to be the fastest-growing due to rapidly growing end-use sectors with a regional perspective.
Some studies have also identified melamine foam as possibly being part of the problem due to their non-recyclable and non-biodegradable nature, which again contributes to significant hindrance.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
A new report published by the Transparency Market Research (TMR) states that the global market for melamine market is fragmented in structure with top seven prominent players accounting for more than 50% of the overall market in 2014.
Grab an exclusive sample of this report hereAs per TMR, the revenue generated by the global market for melamine market likely to touch valuation of US$1.72 bn.This market is expected to touch a valuation of US$2.49 bn by the end of 2023.The global market for melamine market is likely to expand at a CAGR of 4.305 during the period ranging from 2015 till 2023.Rising Consumer Demand for Laminates & Wood Adhesives Expected to Boost GrowthBased on application, the global market for melamine is bifurcated into paints and coatings, laminates and wood adhesives, and molding powder.
Among all these application segment, laminates and wood adhesives account for maximum share in the global melamine market which is further followed by molding powder.
The growth of the laminate and wood adhesives mainly depends upon the maximum consumer demand.
On the basis of geography, Asia Pacific likely to dominate the global market for melamine on account of maximum demand for the laminates and wood adhesives in the region.For more actionable insights into the competitive landscape of global market, get a customized report here.Increasing Demand from Automotive Industry Likely to Drive GrowthThe global market for melamine expected to witness significant growth owing to increasing demand from the automotive industry.
Furthermore, increasing utilization of melamine in high resistance carbon and nanotubes are key factor boosting growth of this market.Favorable government policy for the industry and increasing infrastructure development is key factor contributing to the growth of this market in Asia Pacific region.
