Market Overview

Melamine is utilized to shape melamine formaldehyde tar, which discover numerous applications in our ordinarily utilized family items like furnishings, kitchen ledges and capacity, restroom cabinet, dinnerware, food stockpiling compartments, vehicles, and banknotes. The worldwide melamine market is projected to observe consistent interest during the gauge time frame 2020-2027.

Competitive Analysis

Some of the key players operating in the Global melamine industry are Haohua Junhua Group Co., Ltd., OCI Nitrogen (Netherlands), BASF SE (Germany), Cornerstone Chemical Company (U.S.), Qatar Melamine Company (Qatar), Sichuan Golden Elephant Chemical (China), Mitsui Chemicals, Inc. (Japan), NISSAN CHEMICAL INDUSTRIES. LTD. (Japan), Methanol Holdings (Trinidad) Limited (U.S.), and Borealis AG (Austria).

Market segmentation

The global melamine market is segmented by product type, application, end-use industry, and region.

On the basis of the product type, the worldwide melamine market is sectioned into melamine tar and melamine froths. Melamine sap is driving the worldwide melamine market under item type in 2017 because of immense applications in overlays, wood cements, surface coatings, formed items, and fire retardants among other and is relied upon to keep overwhelming in the gauge period. Notwithstanding, developing concerns with respect to the outflow of formaldehyde from the different melamine formaldehyde pitch items are projected to hamper market development somewhat.

Melamine froths are projected to offer a few development freedoms to the melamine market. Melamine froths have the inherent properties of fire retardancy and offer a high ability to ingest sound, which are additionally expected to drive their interest for assembling suspended puzzles, structures, metal roof boards, and acoustic boards.

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On the basis of the applications, the global melamine market is segmented into laminates, wood adhesion, surface coating, molded products, and flame retardant among others. Laminates are dominating the global melamine market in 2017 due to growing construction and renovation industry, especially in Asia Pacific, Europe, and the Middle East & Africa.

On the basis of the end-user industry, the global melamine market is categorized into construction, chemical, textile, automotive, and others. The construction industry is accounted to have a major market share of melamine and is expected to continue growing over the forecast period due to rapid urbanization, rising disposable income, and lifestyle changes. However, automotive, chemical, and textile industries are also expected to witness a steady growth over the forecast period.

Regional Analysis

The global melamine market is spanned across five regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia Pacific is dominating the regional landscape, followed by Europe and the Middle East & Africa. North American market is relatively mature and is expected to grow at a slow pace. Latin American market is expected to witness a sluggish growth.



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