Global Melamine Market: Key Highlights · The global demand for melamine is likely to reach cross US$ 2.8 Bn by 2027 with a CAGR of more than 4% from 2019-2027. Demand for melamine is largely attributed to strong growth in the global construction industry and rising demand for lightweight and low-emission automotives. · Melamine readily reacts with formaldehyde to produce melamine-formaldehyde (MF) resins. Several other types of melamine resins include melamine-urea-formaldehyde (MUF), hexamethoxymethyl, etherified melamine, and melamine pyrophosphate. · MF resins are widely employed in the manufacture of laminated wooden panels. These resins exhibit strong resistance to heat, stain, abrasion, and chemical reaction; thus, these are extensively employed in construction applications such as remodeling, furniture, and specialties laminates for electrical applications.
Global Melamine Market: Drivers and Opportunities
· Rapid urbanization, increase in disposable income, and rise in standard of living are key factors contributing to robust growth of the building and construction industry. This is one of the key drivers for the melamine market.
· Melamine foams exhibit high sound absorption capacity and possess an intrinsic property of flame retardancy. As a result, these foams are used in buildings, acoustic panels, suspended baffles, and metal ceiling panels.
· Few companies such as BASF SE, OWA Sonex, and Zhong Yuan Da Hua Co. Ltd are engaged in the production of flexible melamine foams. These foams are employed in several applications in industries such as construction, transportation, and consumer products (including cleaners).
· Melamine resins are also used in the production of adhesives that are largely employed in panel laminations, hotline fixing of car seats, headlamps, trim, and other interior component assemblies in the automotive industry. Thus, rising importance of lightweight vehicles with lower emissions and increased fuel efficiency is expected to eliminate the usage of fixtures such as screws, nuts, and clamps in automotive assembling.
Global Melamine Market: Application Overview
· The melamine market is largely driven by demand for laminates in building & construction activities. In terms of volume, laminates accounted for more than 50% share of the global melamine market in 2018. MF resin laminates exhibit strong resistance to heat and chemicals. These resins are employed in the production of high-pressure and low-pressure laminates, which are used in kitchen, furniture, exterior wall cladding, partition walls, and laminated floorings.
· Adhesives & sealants is another key application of melamine; this segment is projected to witness above-average growth rate during the forecast period. Other key applications of melamine include molding compounds, paints & coatings, flame retardants, textile resins, concrete plasticizers, and paper finish.
· MF resins exhibit strong thermosetting properties. Hence, these are molded into a variety of translucent and heat-resistant products that are odorless and tasteless. Fillers such as purified alpha-cellulose pigments and dyes are also incorporated in the plastic to produce a variety of plastic products. These include tableware, ashtrays, pot handles, appliance components, insulators, and toys.
Global Melamine Market: Regional Insights
· Asia Pacific dominated the global melamine market, constituting over 60% share in 2018. China is the largest manufacturer and consumer of melamine along with India, Indonesia, New Zealand, and Malaysia.
· Europe is the second-largest market for melamine globally with Germany being the largest producer as well as consumer of melamine in the region. The melamine market in Eastern Europe is projected to depict above-average growth rate as the production of wood-based panels and laminates has gradually shifted from Western Europe to Eastern Europe. Countries in Eastern Europe including Turkey, Russia, and Poland are anticipated to exhibit high growth in the melamine market during the forecast period.
· The U.S. constitutes the largest market for melamine in North America accounting for over 80% market share in 2018. High pressure and low pressure laminates are the major applications of melamine in laminates in North America. Latin America is expected to exhibit high growth owing to strong demand for melamine in laminates and paper finish applications. Brazil is one of the key regions in the melamine market in Latin America.
Source:https://www.transparencymarketresearch.com/melamine-market.html