Press release
Melamine Formaldehyde Market Trends and Growth Forecast 2025-2030: Regional Analysis and Market Size Evaluation
According to a report published by Allied Market Research, titled "Melamine Formaldehyde Market by Form (Liquid and Powder) and Application (Laminates, Wood Adhesives, Molding Compounds, Surface Coatings, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030", the market generated $652.6 million in 2020 and is projected to reach $1.16 billion by 2030, registering a CAGR of 6.0% from 2021 to 2030.
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Key Growth Drivers and Challenges
The growing utilization of melamine formaldehyde in construction, paints & coatings, furniture, textiles, and automotive industries is a major factor fueling market expansion. Its widespread use in decorative laminates, flooring, panels, and surface finishes further strengthens market demand.
However, stringent environmental regulations related to formaldehyde emissions and volatility in raw material prices pose challenges to market growth. Conversely, advancements in waste management solutions and eco-friendly resin technologies are expected to create lucrative growth opportunities in the coming years.
Segment Insights:-
Powder Segment Leads by Form:
- By form, the powder segment accounted for more than half of the total market share in 2020 and is expected to maintain its dominance throughout the forecast period. This growth is attributed to its extensive use in glazing applications and particleboard lamination.
- Meanwhile, the liquid segment is anticipated to register the highest CAGR of 6.8%, driven by increasing demand from laminates, surface coatings, wood adhesives, and molding compounds.
Laminates Segment Dominates by Application:
- Based on application, the laminates segment held the largest share in 2020, contributing to over two-fifths of the global market. Its strong demand in residential construction, renovation, and furniture manufacturing supports its leading position.
- The surface coatings segment, however, is expected to grow at the fastest CAGR of 7.0%, supported by rising usage in aerospace, automotive refinishing, metal can coatings, furniture finishing, and paper coatings.
Regional Analysis:
- Regionally, Asia-Pacific emerged as the dominant market in 2020, followed by Europe and North America, collectively accounting for more than half of global revenue. Rapid industrialization, urbanization, and construction activity continue to drive regional growth.
- The LAMEA region is projected to witness the highest CAGR of 8.1%, fueled by expanding automotive and construction industries.
Key Market Players:
- Allnex GmbH
- Arclin Inc.
- BASF SE
- Georgia-Pacific Chemicals LLC
- Hexion
- Hexza Corporation Berhad
- Mitsui Chemicals, Inc.
- Pacific Texchem Private Limited
- Prefere Resins Holding GmbH
- Sprea Misr
Obtain Report Details: https://www.alliedmarketresearch.com/melamine-formaldehyde-market
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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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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