Global Melamine Market is anticipated to be worth US$2.49 bn by 2023 - Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2023

ResearchMoz added Latest Research Report titled " Melamine Market for Adhesives & Sealants, Laminates, Molding Compounds, Paints & Coatings, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 " to it's Large Report database.

Melamine is a key organic chemical used in the manufacture of laminates and decorative panels. It readily reacts with formaldehyde to produce melamine-formaldehyde (MF) resins. These resins are widely used in a broad range of applications such as adhesives, molding compounds, surface coatings, paper treatments, textiles, and flame retardants. Robust growth in the global building and construction industry is projected to drive the global melamine market from 2015 to 2023. Furthermore, rising importance of lightweight vehicles with lower emissions and increased fuel efficiency is another key driver for the melamine market from 2015 to 2023. Melamine resins are used in the production of adhesives, which have further applications in automotive production and assembly. Volatility in urea prices and increasing consumer concerns toward formaldehyde emission from melamine-based molding compounds are key inhibitors of the market. However, melamine foams are anticipated to offer growth opportunities as they exhibit high sound absorption capacity and possess an intrinsic property of flame retardancy. The melamine market faces partial threat from various substitutes such as liquefied wood, soy, and powder coatings in different end-use applications; however, complete substitution is still not prevalent.

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Global Melamine Market: Snapshot

The global melamine market is driven mainly by the thriving construction and building industry. Another key factor propelling the growth of the melamine market across the globe is the increase in the demand for lightweight automotives so as to ensure low emissions, keeping environmental concerns in mind. Melamine formaldehyde (MF) resins are extensively used for the manufacturing of laminated wooden panels as these resins possess several beneficial characteristics such as resistance to heat, abrasion, stains, and chemical reaction. According to a report published by Transparency Market Research (TMR), the global melamine market is anticipated to be worth US$2.49 bn by 2023 and exhibit a modest growth during the forecast period.

Growth in Building Industry Driving Global Melamine Market

Melamine is being used in textile resins, laminates, molding compounds, adhesives, surface coatings, flame retardants, and paper treatments, and thus the demand for melamine is expected to continue throughout the forecast period. The rising standard of living and rapid urbanization in many of the developing nations is propelling the construction and building industry, which in turn is boosting the demand for melamine. Melamine is water resistant and hard, which makes them useful in the construction industry.

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Table of Content

Chapter 1 - Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope
1.4 Research Methodology
1.5 Assumptions

Chapter 2- Executive Summary
2.1 Global Melamine Market, Volume and Revenue, (Kilo Tons) (US$ Mn), 2014–2023
2.2 Market Snapshot

Chapter 3 - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics
3.3.1 Driver 1- Strong growth in global construction industry
3.3.2 Driver 2- Rising demand for lightweight and low-emission automotive to expand application of melamine in product assembly
3.3.3 Restraint 1 – Volatility in prices of raw materials
3.3.4 Restraint 2 – Increasing consumer concerns about formaldehyde emission from melamine-based molding compounds
3.3.5 Opportunity 1 – Melamine foams is anticipated to offer growth opportunities for melamine market in near future
3.4 Porter’s Five Forces Analysis
3.5 Market Attractiveness Analysis – Melamine Market, By Application
3.6 Company Market Share – Melamine Market, % Share, 2014

Chapter 4 - Melamine - Price Trend Analysis, 2010-2030 (US$/Ton)

Chapter 5 - Market Segmentation (By Application)
5.1 Global Melamine Market – Application Overview
5.2 Global Melamine Market for Adhesives & Sealants Application, 2014–2023 (Kilo Tons) (US$ Mn)
5.3 Global Melamine Market for Laminates Application, 2014–2023 (Kilo Tons) (US$ Mn)
5.4 Global Melamine Market for Molding Compounds Application, 2014–2023 (Kilo Tons) (US$ Mn)
5.5 Global Melamine Market for Paints & Coatings Application, 2014–2023 (Kilo Tons) (US$ Mn)
5.6 Global Melamine Market for Other Applications, 2014–2023 (Kilo Tons) (US$ Mn)

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