Global Melamine Market

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 Insights

Melamine Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 5.20% during the forecast period (2025-2032).

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.

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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 Zakłady Azotowe Kędzierzyn 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.

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.

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Global Melamine Market

Report ID: SQMIG15A2384

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