Press release
Melamine Formaldehyde Market in LAMEA to see 7.7% CAGR over the coming year
Melamine Formaldehyde Market
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.
Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/265
Key Findings of Melamine Formaldehyde Market:
1. Surface coating is anticipated to be the fastest growing application segment in terms of value, growing at a CAGR of 7.7%, during 20162022.
2. Asia-Pacific is expected to dominate the global melamine formaldehyde market in terms of value and volume.
3. LAMEA is the fastest growing region in terms of revenue with CAGR of 7.7% during the forecast period.
4. In 2015, the others application segment comprising floor tiles, overlay materials, and particleboards occupied the third largest market share, in terms of revenue.
5. China has the highest demand and supply for melamine formaldehyde.
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.
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.
Request Inquiry for Purchas:
alliedmarketresearch.com/purchase-enquiry/265
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.”, according to Eswara Prasad, Team Lead, Chemical & Materials at Allied Market Research.
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.
Get More Trending News:
https://www.openpr.com/news/2303470/europe-pentane-market-size-share-study-growth-trends
https://www.openpr.com/news/2303511/alcohol-enzymes-market-is-driven-by-rising-demand-from
https://www.openpr.com/news/2303540/multi-metal-aluminum-sandwich-panels-market-growth-will-be
About Us:
Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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 in LAMEA to see 7.7% CAGR over the coming year here
News-ID: 2304518 • Views: …
More Releases from Allied Market Research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion …
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine…
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrative…
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi …
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and…
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi …
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing at…
More Releases for Melamine
Melamine Formaldehyde Molding Compound Market Growth Opportunities and Projectio …
Los Angeles-United State: The report presented here prepares market players to achieve consistent success while effectively dealing with unique challenges in the global Melamine Formaldehyde Molding Compound market. The analysts and researchers authoring the report have taken into consideration multiple factors predicted to positively and negatively impact the global Melamine Formaldehyde Molding Compound market. The report includes SWOT and PESTLE analyses to provide a deeper understanding of the global Melamine…
Melamine Market Research Report 2024
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: Melamine Market size was valued at USD 7.83 Billion in 2020 and is projected to reach USD 11.57 Billion by 2028, growing at a CAGR of 5.1% from 2021 to 2028.
Market Overview for Melamine Market
Melamine Market OverviewThe global melamine market is witnessing steady growth driven by its versatile applications across various industries. Melamine, a nitrogen-rich compound, is primarily used in the production of laminates and coatings due…
Global Melamine Formaldehyde Resin Market 2018 Competitive Major Vendors - OCI N …
Qyresearchreports include new market research report "Global Melamine Formaldehyde Resin Sales Market Report 2018" to its huge collection of research reports.
This report studies the global Melamine Formaldehyde Resin market status and forecast, categorizes the global Melamine Formaldehyde Resin market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle…
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,…
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 :…
