What is the global market size of Melamine Market?

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).

Who are the key vendors in the Global Melamine Market?

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. '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)'

Melamine Market Size, Share, Growth Analysis, By Forms, By Application, By End-Use, By Region - Industry Forecast 2025-2032

Report ID: SQMIG15A2384 | Region: Global | Published Date: December, 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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Global Melamine Market size was valued at USD 9.36 billion in 2022 and is poised to grow from USD 9.84 billion in 2023 to USD 14.77 billion by 2031, growing at a CAGR of 5.20% during the forecast period (2024-2031).

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. 'OCI Company Ltd. ', 'BASF SE ', 'Cornerstone Chemical Company ', 'Mitsui Chemicals, Inc. ', 'Hexion Inc. ', 'Sichuan Chemical Works Group Ltd. ', 'Nissan Chemical Industries, Ltd. ', 'Borealis AG ', 'Mitsui & Co., Ltd. ', 'Methanol Holdings (Trinidad) Limited ', 'EuroChem Group AG ', 'Grupa Azoty ZakÅady Azotowe KÄdzierzyn S.A. ', 'Qatar Melamine Company ', 'Jilin Forest Industry Group Co., Ltd. ', 'BASF-YPC Company Ltd. ', 'JSC Grodno Azot ', 'Mitsui Chemicals Asia Pacific, Ltd ', 'Jiangsu Tianxin Chemical Co., Ltd. ', 'Luxi Chemical Group Co., Ltd. ', 'Haohua Junhua Group Co Ltd. '

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.

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.

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Melamine Market Size, Share, Growth Analysis, By Forms, By Application, By End-Use, By Region - Industry Forecast 2025-2032

Melamine Market Regional Insights

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