Market Research Future (MRFR) report on the Global Melamine Market is an exclusive research that provides a comprehensive overview of the market. The study covers the COVID-19 analysis on the global melamine market and offers a detailed overview of market segments, current trends, growth forecasts, and market challenges from 2017 to 2023 (forecast period) to identify the current market opportunities.
Melamine is a white crystalline substance that belongs to the family of heterocyclic organic compounds. It contains 66% by weight of nitrogen. Melamine is coupled with formaldehyde to produce melamine formaldehyde by condensation polymerization. Melamine formaldehyde resins or melamine resins are durable, hard, glossy, and have a high resistance to heat, moisture, stain and wear.
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Market Dynamics
Melamine resins are commonly used for the creation of laminates. Laminates are very suitable for decoration and protection purposes. Laminates are widely used in housing, construction, and electrical applications and therefore have a positive impact on the growth of the global melamine market. Melamine resins are also used as a wood adhesive and are used in hardwood, plywood, particleboard, and medium-density laminate bonding and contribute significantly to the growth of the global melamine market. In addition, melamine resins are extremely thermosetting and can be formed into several products for our everyday lives.
In addition, melamine resin coatings help to reduce solvent emissions in the automotive sector and therefore have a positive impact on the environment. Melamine serves an essential role in a wide variety of flame-resistant materials due to high percentage nitrogen in upholstery fabrics and firefighter' uniforms, thermal liners, heat-resistant gloves, and aprons. In addition, sulfonated melamine formaldehyde (SMF) is a polymer used as a cement mixture to reduce the water content of concrete, resulting in a lower porosity of concrete and higher mechanical strength. Melamine resins are used in various textile applications to enhance wrinkle resistance in cotton and cotton-synthetic blends. These are often used to handle banknotes and wallpapers to provide resistance to rub, wrinkle, and moisture. Melamine can also be shaped into foam structures with a distinctive pore structure that is incredibly strong. It can be used as insulation and soundproofing in buildings, suspended baffles, acoustic panels, and metal ceiling panels and as a cleaning abrasive.
Market segmentation
The global market for melamine is segmented by form, application, and end-user industry.
Based on the product type, the global melamine market is segmented into melamine resin, melamine foam, and others.
Based on the application, the global melamine market is segmented into laminates, wood adhesives, thermoset plastics, surface coating, and others.
Based on the end-user industry, the global melamine market can be segmented into construction, chemical industry, textile industry, automotive industry, and others.
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Regional Analysis
Regionally, the global melamine market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The Asia Pacific is the global market leader. China is the largest and fastest-growing market in the Asia Pacific, both in production and consumption, due to the massive real estate industry. Other countries, such as India, Indonesia, Japan, and Malaysia, are expected to see substantial growth due to growing demand from the construction industry. In addition, increasing disposable income and changing lifestyles are also expected to fuel the regional melamine market.
Europe is the second-largest melamine market in the world. The growth of the market is powered by residential construction, renovation, and the robust automotive industry. Increased residential and renovation activities are anticipated to experience a high demand for laminate-based furniture and storage cabinets for kitchen, bathroom, and wood adhesives.
The Middle East is expected to exhibit steady growth for melamine due to the government's ongoing infrastructural projects, mainly in Qatar and the U.A.E., to the flourishing tourism industry. The melamine market in North America is relatively mature and is estimated to remain the same during the review period 2017-2023.
Latin America is expected to show slow growth due to the gradual overall development of the region.
Key Players
Some of the significant participants operating in the global melamine market are OCI Nitrogen (Netherlands), Sichuan Golden Elephant Chemical (China), BASF SE (Germany), Methanol Holdings (Trinidad) Limited (U.S.), Cornerstone Chemical Company (U.S.), Haohua Junhua Group Co, Ltd. (China), Qatar Melamine Company (Qatar), Mitsui Chemicals, Inc. (Japan), NISSAN CHEMICAL INDUSTRIES. LTD. (Japan), and Borealis AG (Austria).
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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.
Market Analysis The Global and US Sodium Tungstate Market is likely to grow at a notable CAGR between 2016- 2027, reveals the new Market Research Future (MRFR) report.
It is a crystalline powder that is white color or colorless and is water-soluble.
Owing to its alluring features and plentiful benefits, sodium tungstate has wide applications in various fields, including textile industry, glass industry, metal industries, chemical industries, and many others.
On adipocyte biology, it has dual effects, that is, inhibition of adipogenesis and stimulation of cellular oxygen consumption.
Among these, North America is likely to spearhead the market over the forecast period for the increasing number of diverse and large manufacturing industry trends for tracking GDP.
Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/778 Key Players Key players profiled in the global and the US sodium tungstate market report include Yuanhang Tungsten, Ningxiang Changyi, Taizhou BangDe, HCstarck, Ganzhou Grand Sea W& Mo Group Co., Ltd, Kat-Chem Ltd, among others.
