A new report published by the Transparency Market Research (TMR) states that the global market for聽melamine聽market聽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.
A new report published by the Transparency Market Research (TMR) states that the global market for聽melamine聽market聽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.