High Demand for Laminates to Drive Global Melamine Market to US$2.49 bn by 2023 : Transparency Market Research
Melamine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023
Melamine is a key organic chemical used in the manufacture of laminates and decorative panels. It readily reacts with formaldehyde to produce melamine-formaldehyde (MF) resins. These resins are widely used in a broad range of applications such as adhesives, molding compounds, surface coatings, paper treatments, textiles, and flame retardants. Robust growth in the global building and construction industry is projected to drive the global melamine market from 2015 to 2023. Furthermore, rising importance of lightweight vehicles with lower emissions and increased fuel efficiency is another key driver for the melamine market from 2015 to 2023. Melamine resins are used in the production of adhesives, which have further applications in automotive production and assembly. Volatility in urea prices and increasing consumer concerns toward formaldehyde emission from melamine-based molding compounds are key inhibitors of the market. However, melamine foams are anticipated to offer growth opportunities as they exhibit high sound absorption capacity and possess an intrinsic property of flame retardancy. The melamine market faces partial threat from various substitutes such as liquefied wood, soy, and powder coatings in different end-use applications; however, complete substitution is still not prevalent.
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This report estimates and forecasts the melamine market on the global, regional, and country level. The study provides forecast from 2015 to 2023 based on volume (Kilo Tons) and revenue (US$ Mn).
The study provides a comprehensive view of the melamine market by dividing it into applications such as adhesives & sealants, laminates, molding compounds, paints & coatings, and others. These application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes current and forecast demand for melamine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). In addition, a country-level analysis with respect to volume and revenue for application segments has been provided in the report. Key countries such as the U.S., France, the U.K., Spain, Germany, Italy, Japan, China, ASEAN, Brazil, GCC, and South Africa are included in the study. A detailed market segmentation further includes demand for above-mentioned applications in all regions and countries.
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The report includes a detailed value chain analysis, which provides a comprehensive view of the market. This section of the report provides detailed information about value addition at each stage of the value chain in the melamine market. The report comprises drivers and restraints for the melamine market along with their support data during the forecast period. Additionally, the report comprises the study of opportunities in the melamine market from 2015 to 2023.
The report includes Porter’s Five Forces Model to measure the degree of competition in the melamine market. The study includes a separate section of qualitative write-up on market attractiveness analysis, in which application segments has been analyzed. Furthermore, the report also provides a price trend analysis for melamine from 2010 to 2030 in US$/Ton.
Secondary research sources that were typically referred to include, but were not limited to company websites, annual reports, investor presentations, financial reports, SEC filings, and broker reports. Other sources such as internal and external proprietary databases, news articles, national government documents, statistical databases and market reports, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further developed the analysis team’s expertise and market understanding.
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The report covers detailed competitive outlook that includes market share and profiles of key participants operating in the global market. Key players profiled in the report include Borealis AG, BASF SE, Cornerstone Chemical Company, Gujarat State Fertilizers & Chemicals Ltd. (GSFC), Mitsui Chemicals Inc., Methanol Holdings (Trinidad) Limited (MHTL), Nissan Chemical Industries Ltd., OCI N.V., Qatar Melamine Company (QMC), and Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP). Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments and acquisitions, and financial overview.
This report segments the global melamine market as follows:
Melamine Market – Application Analysis
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