Melamine Market Exclusive Report on the Latest Revenue and Future Scope

According to a new report published by Allied Market Research, titled "Melamine Market by Type (Melamine Foam and Melamine Resin) and Application (Laminates, Thermoset Plastics, Wood Adhesives, Surface Coatings, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030," the global melamine market was valued at $1.7 billion in 2020 and is projected to reach $2.5 billion by 2030, registering a CAGR of 4.3% from 2021 to 2030.

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Key Growth Drivers and Opportunities

The growth of the global melamine market is primarily driven by the surging demand for laminates worldwide, increased consumption of melamine in the wood adhesives industry, and rapid expansion of construction activities across emerging and developed economies. However, concerns related to the toxicity and harmful effects of melamine are expected to restrain market growth to some extent. Conversely, the rising demand for decorative laminates is anticipated to create lucrative growth opportunities during the forecast period.

Melamine Resin Segment to Retain Market Leadership:

By type, the melamine resin segment dominated the market in 2020, accounting for more than two-thirds of total revenue, and is expected to maintain its leadership position throughout the forecast period. This segment is also projected to register the highest CAGR of 4.6% from 2021 to 2030, supported by strong demand from the construction, automotive, furniture, chemical, and packaging industries. The report also provides insights into the performance of the melamine foam segment.

Laminates Segment to Lead by Application:

Based on application, the laminates segment held the largest market share in 2020, contributing to over one-third of global revenue, and is expected to continue its dominance through 2030. This growth is attributed to increasing investments in the building and construction sector, particularly in developing economies such as China and India. Meanwhile, the wood adhesives segment is expected to grow at the fastest CAGR of 5.0%, driven by rising construction activities in China, Japan, India, and the U.S.

Asia-Pacific to Remain the Dominant Regional Market:

Region-wise, Asia-Pacific emerged as the leading market in 2020, accounting for nearly half of the global melamine revenue, followed by Europe and North America. The region is also expected to register the fastest CAGR of 4.7% during the forecast period, fueled by rapid urbanization, infrastructure development, and strong demand for laminates, wood adhesives, and paints & coatings in countries such as China, India, and Japan.

Key Market Players:

- AbbVie Inc.
- Bristol Myers Squibb
- Cipla Inc.
- Gilead Sciences Inc.
- GlaxoSmithKline Plc.
- Hoffmann-La Roche Ltd.
- Lupin Ltd.
- Merck & Co., Inc.
- Teva Pharmaceutical Industries Ltd.
- Zydus Cadila

Obtain Report Details: https://www.alliedmarketresearch.com/melamine-market-A14677

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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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