Report ID: SQMIG15A2384
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 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.
Melamine Market Report Snapshots
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