openPR Logo
Press release

Melamine Formaldehyde Market Value to Increase $655 Million by 2022 : AMR Study

06-21-2019 12:49 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Melamine Formaldehyde Market

Melamine Formaldehyde Market

Melamine formaldehyde market stood at $410 million in 2015 and is expected to reach $655 million by 2022, registering a CAGR of 6.9% during 2016-2022, According to a new report published by Allied Market Research. Laminates dominated the market and is expected to continue this trend during the forecast period.

"Upsurge in furniture and construction industries, increase in disposable income in the emerging economies, and increased focus of government bodies on controlled formaldehyde emission are the prime factors that propel the demand for melamine formaldehyde. However, availability of substitutes at lesser cost have the potential to hamper the market growth during the forecast period."

Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/265?utm_source=opr_sank

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.

For More Info on this Report, Visit @ https://www.prnewswire.com/news-releases/melamine-formaldehyde-market-to-reach-655-million-by-2022-globally---allied-market-research-617313753.html

Key Findings of Melamine Formaldehyde Market

• Surface coating is anticipated to be the fastest growing application segment in terms of value, growing at a CAGR of 7.7%, during 20162022.
• Asia-Pacific is expected to dominate the global melamine formaldehyde market in terms of value and volume.
• LAMEA is the fastest growing region in terms of revenue with CAGR of 7.7% during the forecast period.
• In 2015, the others application segment comprising floor tiles, overlay materials, and particleboards occupied the third largest market share, in terms of revenue.
• China has the highest demand and supply for melamine formaldehyde.

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.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/265?utm_source=opr_sank

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Melamine Formaldehyde Market Value to Increase $655 Million by 2022 : AMR Study here

News-ID: 1784080 • Views: 363

More Releases from Allied Market Research

Smart Inhalers Market is Like to Touch $1,406 Million by 2026
Smart Inhalers Market size was valued to be at $34 million in 2018 and is expected to increase during the forecast period to be at $1,406 million by 2026, registering a CAGR of 58.4% from 2019 to 2026. The inhalers segment accounted for more than half of the total market share in 2018. Smart inhalers are the small inhaler devices used for delivering several inhaled medications such as anticholinergics, glucocorticoids, and
Surgical Sutures Market On Position to Reach $5,255 Million by 2022
Surgical Sutures Market size accounted for $3,360 million in 2015, and is expected to reach $5,255 million by 2022, growing at a CAGR of 6.4% from 2016 to 2022. The sutures segment dominated the market in 2015 with more than four-fifths share. Click Here To Access Free Sample Report: https://www.alliedmarketresearch.com/request-sample/1642 Global escalation in the number of hospitals, surge in the adoption of technologically advanced products, and increase in number of surgeries due
Internet of Things in Healthcare Market Like to Cross $332 Billion by 2027
The global internet of things in healthcare market was valued at $113.751 billion in 2019 and is expected to reach $332.672 billion by 2027, registering a CAGR of 13.20% from 2020 to 2027. The internet of things (IoT) is described as a network of physical devices that uses connectivity to enable the exchange of data. The internet of things in healthcare market is gaining popularity in the recent years owing
Breast Imaging Technologies Market Is Expected to Reach $4,502 Million by 2022
Breast Imaging Technologies Market Report, published by Allied Market Research, forecasts that the global breast imaging technologies market is expected to garner $4,502 million by 2022, registering a CAGR of 8.4% during the period 2016-2022.North America and Europe together accounted for over three-fourths market share in 2015. Ionizing breast imaging technology is expected to maintain its lead throughout the forecast period. The market is expected to be driven by the rise

All 5 Releases


More Releases for Melamine

Melamine Foam Market Report 2018: Segmentation by Type (Rigid Melamine Foam, Sem …
Global Melamine Foam market research report provides company profile for Soundcoat, JUNHUA GROUP, Linyi Yingke Chemistry, CMS Danskin Acoustics Limited, Ya Dina New Material, Acoustafoam, Wilhams, BASF SE, SINOYQX (Yulong), Puyang Green Foam, BEIJING GUOJIAN ANKE, Clark Foam and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume,
Forecast on Melamine Pyrophosphate Market Melamine Pyrophosphate Market for the …
In near future, security concerns related to fire-fighting, making environment protection along with promoting adding technology of non-halogen, the demand for high-efficiency of flame-retardant is in target. Melamine pyrophosphate, also known diphosphoric acid, is a flame retardant polypropylene. Melamine pyrophosphate are substances which on combining, the synergistic effect of the melamine pyrophosphate (nitrogen and phosphorus) results in small quantity need in formulations. As of acidic catalysis foaming flame and inert
Melamine Based Adhesives Market Report 2017
Melamine Based Adhesives Market Asia-Pacific Melamine Based Adhesives market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. View Entire Report @ https://www.reportsandmarkets.com/reports/asia-pacific-melamine-based-adhesives-market-report-2017-1642205 Geographically, this report split Asia-Pacific into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of Melamine Based Adhesives for
Melamine Formaldehyde Resin Market Size 2017-2022: OCI Nitrogen, Qatar Melamine, …
Global Melamine Formaldehyde Resin Market Research Report A market study based on the " Melamine Formaldehyde Resin Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Melamine Formaldehyde Resin Market 2017’. The research report analyses the historical as well as present performance of the worldwide Melamine Formaldehyde Resin industry, and makes predictions on the future status of Melamine Formaldehyde Resin market on the basis
Global Thermofused Melamine Market 2017 Basf, Borealis Agrolinz Melamine, Mitsui …
Thermofused Melamine Market Research Report A market study based on the " Thermofused Melamine Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Thermofused Melamine Market 2017’. The research report analyses the historical as well as present performance of the worldwide Thermofused Melamine industry, and makes predictions on the future status of Thermofused Melamine market on the basis of this analysis. Enquiry Here :
Melamine Formaldehyde Market 2017 - BASF S.E., Borealis Agrolinz Melamine GmbH, …
The Global Melamine Formaldehyde Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Melamine Formaldehyde industry. First, "Global Melamine Formaldehyde Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Melamine Formaldehyde industry chain structure. Major Companies Covered in this report:- BASF S.E., Borealis Agrolinz Melamine GmbH, Mitsui Chemicals Inc.,