The report gives the clear picture of current Melamine Market scenario and the predicted future of the industry. The report focuses on the basis of market drivers, restraints, growth, trends and forecast for the period of 2017-2024. In addition, the report also maps the market performance by value chain analysis which will help in better product differentiation along with the analysis of each segment in terms of opportunity, market attractiveness index and growth rate.
Melamine is a white crystalline powder which is commonly used in the production of melamine-formaldehyde (MF) resins. Melamine-based resins are moisture-resistant and hard. Melamine is used in wide range of applications such as laminates, adhesives, molding compounds, surface coatings, paper treatments, textile resins, and flame-retardants. MF resins are widely used in the manufacturing of laminated wooden panels. These resins have properties such as strong resistance to heat, stain, abrasion, and chemical reaction. So, these are widely used in construction applications.
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Melamine is classified according to applications as adhesives & sealants, laminates, molding compounds, paints & coatings and others (flame retardants, textile resins, concrete plasticizers, paper finish, etc.). Laminates segment has the largest market share owning to the growth of the construction industries. Adhesives and sealants are expected to show a significant growth during the forecast period due to the increase in demand of furniture industries.
The key drivers for the melamine market are the growth of the end user industries. Rapid urbanization, increase in disposable income and rise in standard of living in developing economies are key factors contributing to robust growth of the building and construction industry. The rising importance of lightweight vehicles with lower emissions and increased fuel efficiency is also fueling the melamine market. The key constraints of Melamine market are volatility in raw material prices, increasing consumer concern toward formaldehyde emission and availability of cheaper substitutes such as liquid wood and soy powder.
Asia-Pacific is the largest market for melamine and is expected to grow during the forecast period. The key players in the global melamine market are OCI N.V., Borealis AG, BASF SE, Methanol Holdings Limited, Qatar Melamine Company and Cornerstone Chemical Company. Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
1.Introduction
2.Executive Summary
3.Market Analysis
4.Melamine Market Analysis By Application
5.Melamine Market Analysis By Geography
6.Competitive Landscape Of Melamine Companies
7.Company Profiles Of Melamine Industry
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