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Melamine Formaldehyde Market: Industry Analysis and Detailed Profiles of top Industry Players : allnex, INEOS Melamines LLC, Hexion Inc., Georgia-Pacific LLC, Mitsui Chemicals Group, QAFCO
Melamine Formaldehyde Market
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Melamine Formaldehyde Market accounted for USD 3.68 billion in 2017 and is projected to grow at a CAGR of 10.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Major Market Competitors: Melamine Formaldehyde Market:
Some of the major players in melamine formaldehyde market-
• Allnex,
• BASF SE,
• Chemiplastica,
• Hexza Corporation Berhad,
• INEOS Melamines,
• Chemisol Italia,
• Chimica Pomponesco,
• Eternal Resin,
• EUROTECNICA Contractors and Engineers,
• Hexion,
• Georgia-Pacific Chemicals,
• Mitsui Chemicals,
• Qatar Melamin.
The global melamine formaldehyde market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Scope: Melamine Formaldehyde Market
On the basis of application, the market is segmented into tableware, laminates, paints & coatings, adhesives, sanitary ware, electrical & household appliances and others.
On the basis of geography, the melamine formaldehyde market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Major Market Drivers:
Growth in construction sector
Growth of the furniture sector
High demand in China
Demand in packaging sector
Market Restraint:
Volatility of raw material prices
Stringent regulations
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