Melamine Formaldehyde Market to Reach $655 Million, Globally, Analysis By Top Key Players Allnex Belgium SA/NV, BASF SE, Chemiplastica SA, Georgia-Pacific Chemicals LLC, Hexza Corporation Berhad, Hexion Inc., INEOS Group

Global Melamine Formaldehyde Market size is expected to reach $687 million by 2022 from $430 million in 2015. It is anticipated to grow at a CAGR of 6.9%. . Melamine formaldehyde is a synthetic resin obtained by chemical combination of melamine. It is a translucent solid made from urea and formaldehyde, a highly reactive strong smelling gas derived from methane. The reaction product of melamine, urea, and related compounds with formaldehyde are called aminoplasts. The hardness and chemical & moisture resistance quality of melamine resin is attributed to its complex and interlinked polymer structure. The main application of the polymer is in wood adhesives, laminated counter tops, table tops, and surface coatings. The report focuses on melamine formaldehyde & its major applications as well as analyzes the current market trends. It also suggests the future growth opportunities for key market players in different geographies. In addition, it highlights numerous factors that influence the global market growth, such as drivers, restraints, and growth opportunities. The data has been gathered majorly from the secondary sources including company publications, government statistics, Hoovers, Factiva, and similar others. The collected data, after analysis has been validated from the C-level executives and directors of the companies present in the global industry.

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Melamine formaldehyde is a thermal resistant polymer used in the manufacturing of laminates, decorative panels, wood adhesives, molding compounds, and as cross linking agent in surface coatings. The market is segmented based on applications and geography. The raw material for melamine formaldehyde comprise melamine, formaldehyde, alkalis, tetrahydrofuran, and other chemicals.

In 2015, the laminates segment held more than two-fifths share and is expected to continue this trend during the forecast period. This is due to the extensive need for protection of furniture from severe environmental conditions that is provided by melamine formaldehyde coating, due to its excellent heat and thermal resistance.

Fluctuation in prices of raw material and government regulations related to melamine & formaldehyde could hamper the market growth. Moreover, surge in demand for melamine formaldehyde in the automotive industry and replacement of urea formaldehyde in various products could create growth opportunities for the market players. In 2015, the wood adhesives segment of application accounted for second largest share of this market, in terms of revenue. However, the surface coating segment is anticipated to grow at the highest CAGR, in terms of value and volume.

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Asia-Pacific accounted for about half of the total melamine formaldehyde market, both in terms of revenue and volume and is expected to maintain its dominance during the forecast period. The upsurge in automotive demand and the massive growth in construction industry specifically in India, China, and other emerging countries employing the products of melamine formaldehyde have contributed significantly to the market growth.

Major companies profiled in the report includes Allnex Belgium SA/NV, BASF SE, Chemiplastica SA, Georgia-Pacific Chemicals LLC, Hexza Corporation Berhad, Hexion Inc., INEOS Group, Mitsui Chemicals Inc., Nissan Chemical Industries, Ltd., and Pacific Texchem Pvt. Ltd.

Table Of Content


Chapter: 1 INTRODUCTION

1.1 Report Description
1.2 Key benefits
1.3 Key market segments
1.4 Key audience
1.5 Research methodology

1.5.1 Secondary research
1.5.2 Primary research
1.5.3 Analyst tools and models


Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO prospective
2.2 Market Beyond: what to expect by 2025

2.2.1 Moderate growth scenario
1.1.1 Rapid growth scenario
2.2.2 Diminishing growth scenario


Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Key Player Positioning
3.2.2. Top Investment Pockets

3.3. REGULATORY FRAMEWORK: MELAMINE FORMLADEHYDE

3.3.1. North America
3.3.2. Europe
3.3.3. Asia-Pacific
3.3.4. LAMEA

3.4. PORTER’S FIVE FORCE'S ANALYSIS

3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitution
3.4.4. Threat of New Entrants
3.4.5. Competitive Rivalry

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Growth of the Global Construction Industry
3.5.1.2. Growth of the Global Furniture Industries
3.5.1.3. High Demand in China
3.5.1.4. Growing Packaging Industry
3.5.1.5. Impact Analysis

3.5.2. Restraints

3.5.2.1. Volatility of raw material prices
3.5.2.2. Rising regulations over melamine and formaldehyde
3.5.2.3. Impact Analysis

3.5.3. Opportunities

3.5.3.1. Growing Demand for Automotive Across the Globe
3.5.3.2. Potential Substitute for Urea Formaldehyde
3.5.3.3. Impact Analysis

3.6. MANUFACTURING PROCESS: MELAMINE FORMALDEHDYE
3.7. PRODUCT BENCHMARKING
3.8. PATENT ANALYSIS

3.8.1. Patent Analysis by Year
3.8.2. Patent Analysis by Region
3.8.3. Patent Analysis by Company

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