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Melamine Market by Application, Type and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 163
  • SKU: IRTNTR41624
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The melamine market is estimated to grow at a CAGR of 4.5% between 2022 and 2027. The size of the market is forecast to increase by USD 434.96 millionThe growth of the market depends on serval factors, including the increasing demand from the construction industry and the rising demand for home furniture. 

This report extensively covers market segmentation by application (laminates, adhesives resins, coating resins, and others), type (melamine resin and melamine foam), and geography (APAC, Europe, North America, Middle East and Africa, and South America) and geography US, China, India, Japan, and Germany. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Melamine Market be During the Forecast Period?

Melamine Market Size

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Parent Market Analysis

Technavio categorizes the global melamine market as a part of the global specialty chemicals market. The parent global specialty chemicals market covers companies engaged in the manufacturing of various types of products under organic and inorganic chemicals. The global specialty chemicals market covers products and companies engaged in high-value-added chemicals used in the manufacture of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Melamine Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing demand from the construction industry is notably driving the market growth, although factors such as the availability of substitutes may impede the market growth. 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.

Key Melamine Market Driver 

The increasing demand from the construction industry is the key factor driving the global melamine 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 paneling 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 rising demand for home furniture, which can be attributed to the high spending on home decoration and the increasing focus on aesthetics, will have a positive influence on the market. The production of these construction materials requires intensive energy and leads to severe carbon dioxide emissions. The remodeling and restructuring of residential buildings for energy efficiency and cost savings are likely to fuel the demand for wood furniture, thereby increasing the consumption of melamine laminates.

Key Melamine Market Trend

The increased popularity of modular kitchens will fuel the global melamine market growth. Consumers are increasingly spending on home interiors because of lifestyle changing, which is expected to drive the market for decorative laminates. They are generously investing in modular kitchens. Modern kitchen furniture layout comprises a series of cabinets made of multiple materials and equipped to hold accessories by effectively using the available space in the kitchen.

For improved aesthetics and durability in modular kitchens, decorative laminates are used to make the cabinets. These innovations are driving the use of decorative laminates in modular kitchens. Thus, the growing demand for modular kitchens will increase the sales of decorative laminates, which, in turn, will support the global melamine market growth during the forecast period.

Key Melamine Market Challenge

The availability of substitutes is a major challenge to the global melamine market growth. Plastic laminates can be used instead of melamine laminates to cover substrates such as particleboard, MDF, and plywood, which are used for cabinets and countertops. Plastic laminates are offered in more colors and patterns than melamine laminates and, thus, are increasingly substituting melamine laminates for the exterior of commercial cabinets.

Melamine-formaldehyde resins can be substituted by urea-formaldehyde resins as adhesives, and as a coating, melamine-formaldehyde can be replaced by powder coating. Such factors will hinder market growth during the forecast period.

Key Melamine Market Customer Landscape

The 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 growth strategies.

Melamine Market Share by Geography

Global Melamine Market Customer Landscape

 

Who are the Major Melamine Market Vendors?                                     

Vendors 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.

cornerstonechemco.com - 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, the company produces acrylonitrile, which is used for manufacturing hard plastics, synthetic fibers, synthetic rubbers, and as a fuel component for the space shuttle.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • AIM Capital Ltd.
  • BASF SE
  • Chemisol Italia Srl
  • 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

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What are the Fastest-Growing Segments in the Melamine Market?

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.

Melamine Market Size

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The laminates segment show a gradual increase in the market share of USD 753.00 million in 2017 and continue to grow by 2021Melamine 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. 

Which are the Key Regions for the Melamine Market?

Melamine Market Share by Geography

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APAC is projected to contribute 49% of market growth by 2023. 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.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in demand for APAC. Operations in various industries restarted gradually in late 2020 with a limited capacity while maintaining social distancing norms. Owing to the vaccination drive and reduced COVID-19 cases, manufacturing plants of paints and coating, laminates, and other end-user were reopening, which, in turn, propelled the demand for melamine in the region. Additionally, the construction industry is also recovering will accelerate the demand for paints and coating which contain melamine, and stabilize the growth of the regional melamine market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by application, type, and region.

  • Application Outlook ( USD Million, 2017 - 2027)
    • Laminates
    • Adhesives resins
    • Coating resins
    • Others
  • Type Outlook ( USD Million, 2017 - 2027)
    • Melamine resin
    • Melamine foam
  • Region Outlook ( USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Columbia

Melamine Market Scope

Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market growth 2023-2027

USD 434.96 million

Market structure

Fragmented

YoY growth (%)

3.55

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 49%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Melamine Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the melamine market between 2023 and 2027
  • Precise estimation of the melamine market size and its contribution to the market in focus on the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the melamine industry across APAC, Europe, North America, Middle East and Africa, and South America.
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of details of factors that will challenge the growth of melamine market vendors.

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global melamine market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global melamine market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Laminates - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Laminates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Laminates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Laminates - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Laminates - Year-over-year growth 2022-2027 (%)
    • 6.4 Adhesives resins - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Adhesives resins - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Adhesives resins - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Adhesives resins - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Adhesives resins - Year-over-year growth 2022-2027 (%)
    • 6.5 Coating resins - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Coating resins - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Coating resins - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Coating resins - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Coating resins - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 51: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 53: Chart on Comparison by Type
      • Exhibit 54: Data Table on Comparison by Type
    • 7.3 Melamine resin - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Melamine resin - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Melamine resin - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Melamine resin - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Melamine resin - Year-over-year growth 2022-2027 (%)
    • 7.4 Melamine foam - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Melamine foam - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Melamine foam - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Melamine foam - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Melamine foam - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 97: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 BASF SE
              • Exhibit 116: BASF SE - Overview
              • Exhibit 117: BASF SE - Business segments
              • Exhibit 118: BASF SE - Key news
              • Exhibit 119: BASF SE - Key offerings
              • Exhibit 120: BASF SE - Segment focus
            • 12.4 Chemisol Italia Srl
              • Exhibit 121: Chemisol Italia Srl - Overview
              • Exhibit 122: Chemisol Italia Srl - Product / Service
              • Exhibit 123: Chemisol Italia Srl - Key offerings
            • 12.5 Cornerstone Chemical Co.
              • Exhibit 124: Cornerstone Chemical Co. - Overview
              • Exhibit 125: Cornerstone Chemical Co. - Product / Service
              • Exhibit 126: Cornerstone Chemical Co. - Key offerings
            • 12.6 Frati Luigi Spa
              • Exhibit 127: Frati Luigi Spa - Overview
              • Exhibit 128: Frati Luigi Spa - Product / Service
              • Exhibit 129: Frati Luigi Spa - Key offerings
            • 12.7 Grupa Azoty SA
              • Exhibit 130: Grupa Azoty SA - Overview
              • Exhibit 131: Grupa Azoty SA - Product / Service
              • Exhibit 132: Grupa Azoty SA - Key offerings
            • 12.8 Gujarat State Fertilizers and Chemicals Ltd.
              • Exhibit 133: Gujarat State Fertilizers and Chemicals Ltd. - Overview
              • Exhibit 134: Gujarat State Fertilizers and Chemicals Ltd. - Business segments
              • Exhibit 135: Gujarat State Fertilizers and Chemicals Ltd. - Key offerings
              • Exhibit 136: Gujarat State Fertilizers and Chemicals Ltd. - Segment focus
            • 12.9 Huaqiang Chemical Group Stock Co. Ltd.
              • Exhibit 137: Huaqiang Chemical Group Stock Co. Ltd. - Overview
              • Exhibit 138: Huaqiang Chemical Group Stock Co. Ltd. - Product / Service
              • Exhibit 139: Huaqiang Chemical Group Stock Co. Ltd. - Key offerings
            • 12.10 LRBG Chemicals Inc.
              • Exhibit 140: LRBG Chemicals Inc. - Overview
              • Exhibit 141: LRBG Chemicals Inc. - Product / Service
              • Exhibit 142: LRBG Chemicals Inc. - Key offerings
            • 12.11 Mitsui and Co. Ltd
              • Exhibit 143: Mitsui and Co. Ltd - Overview
              • Exhibit 144: Mitsui and Co. Ltd - Business segments
              • Exhibit 145: Mitsui and Co. Ltd - Key offerings
              • Exhibit 146: Mitsui and Co. Ltd - Segment focus
            • 12.12 Nissan Chemical Corp.
              • Exhibit 147: Nissan Chemical Corp. - Overview
              • Exhibit 148: Nissan Chemical Corp. - Business segments
              • Exhibit 149: Nissan Chemical Corp. - Key offerings
              • Exhibit 150: Nissan Chemical Corp. - Segment focus
            • 12.13 OCI NV
              • Exhibit 151: OCI NV - Overview
              • Exhibit 152: OCI NV - Business segments
              • Exhibit 153: OCI NV - Key offerings
              • Exhibit 154: OCI NV - Segment focus
            • 12.14 OMV Aktiengesellschaft
              • Exhibit 155: OMV Aktiengesellschaft - Overview
              • Exhibit 156: OMV Aktiengesellschaft - Key offerings
            • 12.15 Prefere Resins Holding GmbH
              • Exhibit 157: Prefere Resins Holding GmbH - Overview
              • Exhibit 158: Prefere Resins Holding GmbH - Product / Service
              • Exhibit 159: Prefere Resins Holding GmbH - Key offerings
            • 12.16 Proman GmbH
              • Exhibit 160: Proman GmbH - Overview
              • Exhibit 161: Proman GmbH - Product / Service
              • Exhibit 162: Proman GmbH - Key offerings
            • 12.17 Shandong Shuntian Chemical Group Co. Ltd.
              • Exhibit 163: Shandong Shuntian Chemical Group Co. Ltd. - Overview
              • Exhibit 164: Shandong Shuntian Chemical Group Co. Ltd. - Product / Service
              • Exhibit 165: Shandong Shuntian Chemical Group Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 166: Inclusions checklist
                • Exhibit 167: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 168: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 169: Research methodology
                • Exhibit 170: Validation techniques employed for market sizing
                • Exhibit 171: Information sources
              • 13.5 List of abbreviations
                • Exhibit 172: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Melamine market growth will increase by $434.96 million during 2023-2027.
              The melamine market is expected to grow at a CAGR of 4.5% during 2023-2027.
              Technavio has segmented the melamine market by application (Laminates, Adhesives resins, Coating resins, and Others) ,type (Melamine resin, Melamine foam, North America, South America, and Others) , and geography (APAC, Europe, North America, Middle East and Africa, and South America).
              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., Xinji Jiuyuan Chemical Co. Ltd. are a few of the key vendors in the melamine market.
              APAC will register the highest growth rate of 49.49% among the other regions. Therefore, the melamine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • India
              • Japan
              • Germany
              The key factors driving the melamine market growth are:
              • Increasing demand from construction industry
              • Increased popularity of modular kitchens
              The melamine market vendors should focus on grabbing business opportunities from the laminates segment as it accounted for the largest market share in the base year.
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