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The global melamine market size is estimated to grow by USD 378.5 million at a CAGR of 3.83% between 2023 and 2028. Our report includes historic market data from 2017 to 2021. The increasing demand from the construction industry is driven by factors such as population growth, urbanization, and infrastructure development. This, in turn, drives demand for furniture, as new homes and buildings require furnishings. The rising demand for home furniture is also fueled by factors such as changing consumer lifestyles, interior design trends, and the desire for comfort and aesthetics in homes. Overall, these factors are contributing to the growth of the market for construction and home furniture.
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The market is driven by the demand for durable and versatile products such as melamine tableware, plates, dinnerware, dishes, bowls, and cups. Melamine, a type of hard plastic, is favored for its strength, heat resistance, and affordability. It is also used in coatings and various industrial applications. The market is influenced by factors such as melamine production, prices, and consumption. Melamine is supplied by melamine suppliers and exporters to meet the global melamine demand. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand from the construction industry is the key factor driving the market growth. Melamine is extensively used as a decorative laminate in construction materials. Decorative laminates are applied to wooden or plywood furniture, and they can be used for wall panelling in residential buildings and office buildings to improve aesthetics. Melamine is used in laminates such as high-pressure laminate (HPL) and low-pressure laminate (LPL). HPL is used as a decorative surface material that resists chemicals, fire, and wear and tear.
The increasing emergence of the circular economy will fuel the global melamine market growth. Recycling in the furniture industry is increasing, as the supply of wood is limited, and there is an increasing demand for applications of wood in kitchens, furniture, and floors. The circular economy is gaining attention due to the growing concerns about environmental issues. In a circular economy, resources are used for an extended period. A circular economy promotes the idea of making, using, recycling, and reusing. This helps in reducing wastage and extracting maximum value from the resources while in use. These factors will fuel the market growth.
The availability of substitutes is a major challenge to the market growth. Plastic laminates can be used instead of melamine laminates to cover substrates such as particleboard, MDF, and plywood, which are used for cabinet and countertops. In 2018, laminates were the largest application segment of the global melamine market, with a share of 47.00%. This factor can highly impede market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Cornerstone Chemical Co. - The company offers Melamine which is used in hard plastics, and it produces laminated plastics that give countertops longevity and make them easier to clean. Also, they produce acrylonitrile, which is used for manufacturing hard plastics, synthetic fibers, synthetic rubbers, and as a fuel component for the space shuttle.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Based on application, the market is segmented into laminates, adhesives resins, coating resins, and others. The market share growth by the laminates segment will be significant during the forecast period. The melamine resins consist of melamine and formaldehyde, exhibiting an insoluble and infusible mold favorable for laminate applications. A decorative film layer with different designs, such as wood grain, solid color, or pattern, is impregnated with melamine resin. This decorative film is then attached to a substrate that is usually made of wood, such as fiberboard or particleboard core materials.
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The laminates segment was the largest segment and valued at USD 761.90 million in 2018. Melamine imparts characteristic properties to laminates and, consecutively, to the final products. The growing demand for decorative laminates in residential and commercial construction applications is expected to drive the laminates segment during the forecast period.
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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The automotive industry in APAC is growing at a faster rate as a result of improved sales driven by high disposable income, the growth of the middle-class population, and better standards of living. The government in China is aiming to reduce the pollution level in China. Therefore, the government is compelling automobile manufacturers to make lightweight vehicles with low CARBON DIOXIDE emission levels. Melamine-based coatings are lightweight and do not increase the weight of vehicles. In addition, these coatings help reduce emissions. Thus, they have a high demand in the paints and coating industry. APAC is the major regional market for paints and coatings. Due to this, the growth of the construction and automotive sectors will drive the melamine market in APAC during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
High Heat Melamine Foam Market: The high heat melamine foam market share is projected to increase to USD 1.94 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.36%.
Formaldehyde Market: The formaldehyde market is estimated to grow at a CAGR of 6.86% between 2022 and 2027. The size of the market is forecast to increase by 10.15 million tons.
Coil Coatings Market: The coil coatings market size is forecast to increase by USD 1.98 billion at a CAGR of 5.69% between 2023 and 2028.
Melamine is a versatile compound used in various products such as melamine plates, melamine dinnerware, melamine dishes, melamine bowls, and melamine cups due to its durability and affordability. Despite its widespread melamine uses and melamine applications, concerns regarding melamine toxicity and melamine safety have arisen, leading to discussions about melamine contamination. The market is influenced by factors like melamine prices, melamine consumption, and melamine supply, with market players focusing on melamine market analysis to understand melamine market trends, melamine market outlook, melamine market dynamics, melamine market segmentation, and melamine market competition. Challenges such as ensuring melamine market competitiveness while addressing melamine market opportunities are also prevalent.
Moreover, the market is thriving due to its diverse applications and properties. Melamine powder is used in melamine manufacturing to create various melamine properties such as melamine coatings, melamine foams, and molding powder. The melamine industry is witnessing growth, with melamine exporters and importers benefiting from consumer preferences for high-performance, low-maintenance products. In emerging economies, melamine is increasingly used in wood adhesives and high-resistance concrete due to its flame-retardant and fuel-efficient properties. It is also used in surface coatings for screws, nuts, and clamps, providing a long-lasting finish. Additionally, melamine forms are utilized in soundproof transportation, particularly in trains, enhancing household hygiene and sound absorption capacity. Overall, melamine offers broader choices for consumers seeking durable, cost-effective materials.
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Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.83% |
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Market growth 2024-2028 |
USD 378.5 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.64 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 46% |
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Key countries |
China, US, India, Germany, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AIM Capital Ltd., BASF SE, Chemisol Italia Srl, Cornerstone Chemical Co., Frati Luigi Spa, Grupa Azoty SA, Gujarat State Fertilizers and Chemicals Ltd., Hexion Inc., Huaqiang Chemical Group Stock Co. Ltd., LRBG Chemicals Inc., MITSUI and CO. LTD., Nissan Chemical Corp., OCI NV, OMV Aktiengesellschaft, Prefere Resins Holding GmbH, Proman GmbH, Qatar Fertiliser Co., Shandong Shuntian Chemical Group Co. Ltd., and Xinji Jiuyuan Chemical Co. Ltd. |
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Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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