Melamine Market Projected to Experience Major Revenue Boost by 2027

Melamine-based resins are used extensively in multiple end-use industries. Some of the key applications of products in the melamine market are adhesives & sealants, laminates, molding compounds, and paints & coatings. These applications harness the numerous attractive properties of melamine in making resins that are hard and moisture-resistant.

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Construction Industry Major Contributor
The high resistance to heat and chemicals is a key trend attracting the construction sector to take notice. bolstering the expansion of the melamine market. Owing to extensive demand for MF resins-made laminates in the construction sector, the laminates segment held more than 50% shares of the global melamine market.

The demand in the sector has proliferated on back of growing use of melamine resins in floors, wall cladding, furniture, and chemicals.

Apart from the construction sector, melamine is used to make wide range of translucent and heat-resistant plastics that find demand in consumer markets. All these trends have expanded the avenue for players in the melamine market.

Manufacturers of Laminated Wooden Panels Widely Utilize Melamine Resin
Of the various key applications, the melamine market has thrived from the growing requirement of high-performance resins, such as melamine-formaldehyde (MF) resins and melamine-urea-formaldehyde (MUF). The demand has thrived notably from the resin manufacturing industry. A large chunk of demand comes from industries that use laminated wooden panels made of MF resins, notably in construction and electrical industry. They are used in making specialties laminates for the latter. Apart from these applications, high-pressure and low-pressure laminates are used to make a range of materials for the consumer markets.

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Automotive Industry Also Witnessing Substantial Demand
The use of melamine resin in making adhesives & sealants is also expected to above-average. The use of these in the automotive sector has risen stinkingly. Relentless urge to reduce the weight of vehicles has led automakers to shift toward materials that are lightweight and also environmentally friendly. They are thus viewed as an attractive replacement for heavy bolts and fasteners used in automotive manufacturing. This factor is expected to offer value-grab opportunities for chemical companies in the melamine market. Over the years, the demand for lightweight resin materials will gain fillip, the reason having to do with automakers focusing on developing vehicle bodies that can help meet fuel emission norms. Melamine is thus used in adhesives to replace heavy fasteners and bolts. Thus, melamine is used in making interior component assemblies in the automotive industry.

Competitive Landscape Increasingly Fragmented
The global melamine market landscape is characterized by a fair degree of fragmentation. The leading seven players contributed more than 35% share in the global market in 2018. Some of the key players in the melamine market are Xinji Jiuyuan Chemical Co. Ltd., Cornerstone Chemical Company, Qatar Melamine Company (QMC), Methanol Holdings (Trinidad) Limited (MHTL), Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP), BASF SE, and OCI N.V.

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Global Melamine Market: Segmentation
Applications
• Adhesives & sealants
• Laminates
• Molding compounds
• Paints & coatings
• Others

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