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The global melamine market size is estimated to grow by USD 434.96 million at a CAGR of 4.5% between 2022 and 2027. 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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This market research 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). It also includes an in-depth analysis of drivers, trends, and challenges.
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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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.
APAC is projected to account for 49% of global market share growth by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In 2017, in terms of market size, APAC dominated the market with a share of USD 875.04 million. Additionally, China was the largest contributor of market share USD 381.21 million. The market segment laminates recorded the largest contribution in market share of USD 753 million and continue to grow. 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 melamine market research 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.
Global Melamine Market Customer Landscape
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 cabinets 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.
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, 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 melamine market research report also includes detailed analyses of the competitive landscape and information about 15 market vendors, including:
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.
The market research 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.
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 use 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.
Melamine is a versatile compound with distinctive melamine properties that make it ideal for various applications. Its melamine manufacturing involves the reaction of urea with formaldehyde, resulting in melamine powder. This melamine chemical is renowned for its high nitrogen content, which is crucial for many melamine products such as melamine coatings through melamine imports. The melamine market is global, with melamine exporters and importers playing a significant role. However, the industry faces challenges like market fluctuations and competition. Despite these melamine market challenges, the melamine market continues to thrive due to its wide range of melamine applications and melamine benefits.
The industry is deeply integrated into the building and construction industry, especially in wood adhesives. Market drivers include consumer preferences for durable and aesthetically pleasing materials, particularly in emerging economies. Melamine's use extends to high-resistance concrete and as an additive in carbon nanotubes. In household applications, melamine is used for molding powder, ensuring durability in everyday activities. It's also crucial in soundproof transportation, such as trains, and for maintaining household hygiene. Melamine comes in various forms, including melamine foams known for their sound absorption capacity and flame retardant properties. Its use in surface coatings and thermoset plastics is valued for its low price, low maintenance, and long-lasting finish.
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 Forecasting, 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 |
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. |
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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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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