Melamine - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Melamine Market is accounted for $1,541.87 million in 2019 and is expected to reach $2,551.78 million by 2027 growing at a CAGR of 6.5% during the forecast period. The strong demand from the construction industry is the major factor propelling market growth. However, growing customer concerns about formaldehyde discharge from melamine-based molding composites is hampering the market growth.
Melamine is a white crystalline material that exists for the family of heterocyclic organic compounds. It contains 66% nitrogen by mass. Melamine is merged with formaldehyde to manufacture melamine-formaldehyde resins by condensation polymerization. Melamine formaldehyde resins or melamine resins are hard, glossy, strong, and display strong resistance to moisture, heat, stain, and wear.
Based on the form, the melamine resin segment is likely to have a huge demand due to it is used in an extensive range of applications to avoid water contact with the product. These are hard, abrasion-resistant, rigid materials. The product has strong resistance against creep and possesses tremendous dimensional stability. The superior electrical resistance and self-extinguishing properties of the product enhance the overall quality, thereby improving the demand.
By geography, the Asia Pacific is estimated to have a lucrative growth due to the huge concentration of laminates & adhesives. China is the leading market in this region and is likely to influence the market due to increasing infrastructure growth and favorable regulations supporting industrial development.
Some of the key players profiled in the Melamine Market include OCI N.V., BASF SE, Borealis AG, Cornerstone Chemical Company, Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP), Methanol Holdings (Trinidad) Limited (MHTL), Qatar Melamine Company (QMC), Xinji Jiuyuan Chemical Co. Ltd., Haohua Junhua Group Co. Ltd, Mitsui Chemicals, Inc., Nissan Chemical Industries, Ltd, Sichuan Golden Elephant Chemical Co. Ltd, INEOS Group Holdings SA, Zaklady Azotowe Pulawy, and Shandong Liaocheng.
• Melamine Foams
• Melamine Resin
• Particle Size: 99% < 40 Microns
• Particle Size: 99% < 60 Microns
• Particle Size: 99% < 180 Microns
• Particle Size: 99% < 350 Microns
• Molding Compounds
• Paints and Coatings
• Wood Adhesives & Sealants
• Surface Coatings
• Other Applications
End Users Covered:
• Building & Construction
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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