Market Research Future (MRFR) report on the global melamine market is exclusive research that provides a comprehensive overview of the market. The study covers the COVID-19 analysis on the global melamine market and offers a detailed overview of market segments, current trends, growth forecasts, and market challenges from 2022 to 2030 (forecast period) to identify the current market opportunities.
Melamine is a white crystalline substance that belongs to the family of heterocyclic organic compounds. It contains 66% by weight of nitrogen. Melamine is coupled with formaldehyde to produce melamine formaldehyde by condensation polymerization. Melamine formaldehyde resins or melamine resins are durable, hard, glossy, and have a high resistance to heat, moisture, stain and wear.
Competitive Leaderboard:
Some of the significant participants operating in the global melamine market are OCI Nitrogen (Netherlands), Sichuan Golden Elephant Chemical (China), BASF SE (Germany), Methanol Holdings (Trinidad) Limited (U.S.), Cornerstone Chemical Company (U.S.), Haohua Junhua Group Co, Ltd. (China), Qatar Melamine Company (Qatar), Mitsui Chemicals, Inc. (Japan), NISSAN CHEMICAL INDUSTRIES. LTD. (Japan), and Borealis AG (Austria).
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Market segmentation
The global market for melamine is segmented by form, application, and end-user industry.
Based on the product type, the global melamine market is segmented into melamine resin, melamine foam, and others.
Based on the application, the global melamine market is segmented into laminates, wood adhesives, thermoset plastics, surface coating, and others.
Based on the end-user industry, the global melamine market can be segmented into construction, chemical industry, textile industry, automotive industry, and others.
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Regional Analysis:
Regionally, the global melamine market has been segmented into North America, Europe, Asia Pacific, Middle East Africa, and Latin America.
The Asia Pacific is the global market leader. China is the largest and fastest-growing market in the Asia Pacific, both in production and consumption, due to the massive real estate industry. Other countries, such as India, Indonesia, Japan, and Malaysia, are expected to see substantial growth due to growing demand from the construction industry. In addition, increasing disposable income and changing lifestyles are also expected to fuel the regional melamine market.
Europe is the second-largest melamine market in the world. The growth of the market is powered by residential construction, renovation, and the robust automotive industry. Increased residential and renovation activities are anticipated to experience a high demand for laminate-based furniture and storage cabinets for kitchen, bathroom, and wood adhesives.
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