USD 8.9 billion
Melamine Market Size, Share, Growth Analysis, By Product(Resin and Foam), By Application(Laminates, Wood Adhesives, Molding Compounds, Paints & Coatings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2384 |
Region:
Global |
Published Date: February, 2024
Pages:
184
|Tables:
62
|Figures:
75
Melamine Market Insights
Global Melamine Market size was valued at USD 8.9 billion in 2021 and is poised to grow from USD 9.36 billion in 2022 to USD 13.35 billion by 2030, at a CAGR of 5.20% during the forecast period (2023-2030).
Due to rising demand from the laminates and wood adhesives markets, the worldwide melamine industry is anticipated to expand significantly. The melamine market is anticipated to be driven mostly by rising disposable income and shifting consumer lifestyles. A lot of different dinnerware and food containers are made with melamine formaldehyde. Additionally, it is projected that expanding melamine use in carbon nanotubes and high-resistance concrete will accelerate market expansion. The Canadian Construction Association claims that the construction industry is one of Canada's greatest jobs and a key factor in the prosperity of the nation's economy. The economy of the nation is supported by it. According to the Canadian Construction Association, the country's economy benefits from the construction industry annually to the tune of USD 141 billion and employs more than 1.4 million people. The sector contributes 7.5% of the nation's Gross Domestic Product (GDP). Melamine is increasingly in demand in the automotive sector due to its expanding use in a variety of automotive applications, which is one of the major forthcoming trends in this market. The market is seriously threatened by the melamine's level of toxicity, though.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Foam
Fastest Growth
Foam
Growth Rate
5.20% CAGR
Global Melamine Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Melamine Market Segmental Analysis
Global Melamine Market is segmented on the basis of type, application, end use and region. By type, the market is segmented into resin and foam. By application, market is segmented into laminates, wood adhesives, molding compounds, paints & coatings. By end use, the market is segmented into construction, automotive, textile. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Melamine Market Analysis by Application
Due to its advantages, such as affordability, ease of upkeep, excellent performance, and a wider selection, the laminate application sector is anticipated to dominate the melamine market over the projection period. The highly durable and attractive finish that this resin gives to these often-low-quality materials is anticipated to increase demand in the sector.
The wood adhesives market is anticipated to expand steadily during the projected period since melamine adhesives create strong bonds without endangering cabinets. Additives spread the bond's tension evenly across the surface in place of screws. This lessens the chance of pressure fractures brought on by screws and other similar fasteners.
Global Melamine Market Analysis by Type
Most of the melamine market's revenue was generated by the category of melamine foams. In addition to having a great capacity for sound absorption, melamine foams naturally resist burning. As hard foam formations with a certain porous architecture, resins can also be changed into them. It has multiple uses, including abrasive cleaning, insulator, and increased sound proofness. Over the forecast period, the segment growth is anticipated to be boosted by rising awareness of these melamine resin uses.
Due to the growing significance of lightweight automobiles with reduced emissions and improved fuel efficiency, which is predicted to minimize the use of fixtures such screws, nuts, and clamps in automotive assembly, melamine resin has experienced the quickest growth during the forecast period. Due to the rising demand for laminated furniture and their widespread use in end-use sectors like automotive and construction, melamine resins are anticipated to hold the majority of the market share over the projection period. A variety of products, including laminates, kitchenware, particleboards, overlay materials, and tile flooring, are produced using these resins.
Global Melamine Market Size By Type 2022(%)
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Melamine Market Regional Insights
Due to the high concentration of laminates and adhesives in the region, Asia Pacific held the biggest market share for melamine. Due to expanding infrastructure development and policies that encourage industrial expansion, China, which was the largest market in the Asia Pacific region in 2022, is predicted to continue to dominate the market. Due to the high demand from end-use applications, notably in the Middle East, RoW is anticipated to show substantial development.
In 2022, Europe had the largest share of the market. But because of its delayed recovery from the economic downturn, Europe is predicted to experience weak growth. Furthermore, the use of harmful chemicals is subject to strict laws in Europe, which presents a significant obstacle to the expansion of the melamine business. The increased demand for melamine from the construction and automotive industries, however, is anticipated to increase this share.
Global Melamine Market Size By Geography, 2022-2030
- Largest
- Fastest
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Melamine Market Dynamics
Global Melamine Market Drivers
Construction and Infrastructure Development
- Melamine is widely used in the construction industry due to its properties such as high heat resistance, durability, and flame retardancy. It is used in the production of laminates, decorative veneers, and coatings for furniture and building materials. The growth in construction and infrastructure development projects globally drives the demand for melamine.
Consumer Goods and Appliances
- Melamine is used in the production of household consumer goods and appliances such as tableware, kitchenware, and electrical appliances. Its scratch-resistant and durable properties make it a preferred material for such applications. The increasing population and rising disposable incomes in emerging economies drive the demand for consumer goods, thereby boosting the melamine market.
Global Melamine Market Restraints
Volatility in Raw Material Prices
- The production of melamine requires raw materials such as natural gas and ammonia. Fluctuations in the prices of these raw materials can significantly impact the production costs of melamine. Price volatility makes it challenging for manufacturers to maintain stable profit margins, affecting the overall market growth.
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Melamine Market Competitive Landscape
To expand their product portfolio and their market position, these significant players are using both organic and inorganic tactics, such as mergers and acquisitions, partnerships and collaboration, and new product releases.
Top Player’s Company Profiles in Global Melamine Market
- OCI Company Ltd. (South Korea)
- BASF SE (Germany)
- Cornerstone Chemical Company (United States)
- Mitsui Chemicals, Inc. (Japan)
- Hexion Inc. (United States)
- Sichuan Chemical Works Group Ltd. (China)
- Nissan Chemical Industries, Ltd. (Japan)
- Borealis AG (Austria)
- Mitsui & Co., Ltd. (Japan)
- Methanol Holdings (Trinidad) Limited (Trinidad and Tobago)
- Borealis AG (Austria)
- EuroChem Group AG (Switzerland)
- Grupa Azoty Zakłady Azotowe Kędzierzyn S.A. (Poland)
- Qatar Melamine Company (Qatar)
- Jilin Forest Industry Group Co., Ltd. (China)
- BASF-YPC Company Ltd. (China)
- JSC Grodno Azot (Belarus)
- Mitsui Chemicals Asia Pacific, Ltd. (Singapore)
- Jiangsu Tianxin Chemical Co., Ltd. (China)
- Luxi Chemical Group Co., Ltd. (China)
Global Melamine Market Recent Developments
- In March 2023, BASF announced that it would be investing $100 million in a new melamine plant in China. The plant is expected to be operational in 2025 and will have a capacity of 200,000 tons per year.
- In February 2023, Kronospan announced that it would be investing $100 million in a new melamine plant in the United States. The plant is expected to be operational in 2024 and will have a capacity of 150,000 tons per year.
- In January 2023, Wenhua Chemical announced that it would be investing $500 million in a new melamine plant in China. The plant is expected to be operational in 2025 and will have a capacity of 500,000 tons per year.
Melamine Key Market Trends
- Consumers are increasingly seeking customization and aesthetically pleasing products. Melamine-based laminates offer a wide range of design options, colours, and patterns, enabling manufacturers to meet the demand for personalized and visually appealing surfaces. This trend is particularly prominent in the furniture, interior design, and architectural sectors, driving the demand for melamine laminates.
Melamine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global melamine market has experienced steady growth over the years, driven by its wide range of applications across industries such as construction, furniture, automotive, packaging, and consumer goods. Melamine, a thermosetting resin, offers excellent heat resistance, durability, and flame retardancy, making it a preferred choice for various end-use applications. One of the key factors driving the market is the rapid growth in the construction industry, particularly in emerging economies. Infrastructure development, urbanization, and increasing disposable incomes have led to a rise in demand for melamine-based products in the construction sector, including laminates, coatings, and decorative surfaces. Technological advancements, increasing urbanization, and the focus on sustainability will shape the future of the melamine market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.9 billion |
| Market size value in 2031 | USD 13.35 billion |
| Growth Rate | 5.20% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Melamine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Melamine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Melamine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Melamine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Melamine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Melamine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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