The global Melamine market size is expected to reach USD 2,578.4 million by 2030 according to a new study by Polaris Market Research. The report “Melamine Market Share, Size, Trends, Industry Analysis Report by Type (Melamine Resin, Melamine Foam); By Application (Laminates, Wood Adhesives, Molding Compounds, Paints & Coatings); By End-Use (Construction, Automotive, Chemical, Textiles), By Regions, Segments & Forecast, 2020 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Melamine resins provide inherent advantages such as high temperature stability thus allowing products to limit physical and chemical degradation even at extreme temperature flexibility, high bonding behavior which results in the product having excellent moisture resistance as well as chemical resistance thus resulting in high overall hardness, among others. Due to the high nitrogen content in the product, it exhibits flame retardant properties as well. All these properties have resulted in the broadening of the application portfolio of the product thus resulting in the overall melamine market demand.
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Melamine can be defined as a valuable and the most sophisticated part of the overall nitrogen value chain. The product is usually processed as a resin and is used to manufacture items and goods that are used on a daily basis. The product consists of hydrogen, nitrogen, and carbon and is obtained by the converting urea. The product finds wide applicability in the production of synthetic resins as well.
Market participants are paying attention to activities such as chemical analyses, customer centric product trials, overall product development cycles, after sales service, process optimization as well as resin synthesis. This is done so as to cater to the ever-evolving customized requirements of melamine resin market customers. Asian countries such as Indonesia, Malaysia and India are witnessing substantial market growth in demand and such markets are being targeted by industry participants to increase their revenue generation.
Melamine in the construction industry is utilized in products such as kitchen cabinets, countertops, walls, flooring, and furniture. Laminates manufactured by using melamine are extensively used in construction industry. Global construction market has expanded rapidly with growth opportunities in commercial infrastructure, residential, and non-residential sector in almost every part of the world thus fueling the overall melamine market growth.
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Another factor boosting the prospects of melamine market is the increasing trend of using durable and high strength materials in construction industry. The stringent regulations implemented by various regulatory bodies to reduce the carbon footprint and improve energy efficiency in construction sector has prompted the emergence of this trend. Industry participants are therefore required to track such trends and plan their strategies accordingly.
Market participants such as OCI N.V., BASF SE, Borealis AG, Sichuan Golden Elephant Chemical Co., Qatar Melamine Co, Allnex Belgium S.A., Chemiplastica SPA, Ineos Melamines., Haohua Junhua Group Co., Ltd., Cornerstone Chemical Company, and Nissan Chemical Industries. Ltd. are some of the key players operating in the Melamine market.
Polaris Market research has segmented the Melamine market report on the basis of type, application, end-use and region
Melamine Type Outlook (Volume – Kilotons; Revenue – USD Million, 2015 – 2030)
- Melamine Resin
- Melamine Foam
Melamine Application Outlook (Volume – Kilotons; Revenue – USD Million, 2015 – 2030)
- Laminates
- Wood Adhesives
- Molding Compounds
- Paints & Coatings
- Others
Melamine End-Use Outlook (Volume – Kilotons; Revenue – USD Million, 2015 – 2030)
- Construction
- Automotive
- Chemical
- Textile
- Others
Melamine Regional Outlook (Volume – Kilotons; Revenue – USD Million, 2015 – 2030)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Hungary
- Croatia
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- Australia
- Indonesia
- Central & South America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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The global Melamine market size is expected to reach USD 2,578.4 million by 2030 according to a new study by Polaris Market Research.
Melamine resins provide inherent advantages such as high temperature stability thus allowing products to limit physical and chemical degradation even at extreme temperature flexibility, high bonding behavior which results in the product having excellent moisture resistance as well as chemical resistance thus resulting in high overall hardness, among others.
Request for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/melamine-market/request-for-sampleMelamine can be defined as a valuable and the most sophisticated part of the overall nitrogen value chain.
The product finds wide applicability in the production of synthetic resins as well.Market participants are paying attention to activities such as chemical analyses, customer centric product trials, overall product development cycles, after sales service, process optimization as well as resin synthesis.
Asian countries such as Indonesia, Malaysia and India are witnessing substantial market growth in demand and such markets are being targeted by industry participants to increase their revenue generation.
Global construction market has expanded rapidly with growth opportunities in commercial infrastructure, residential, and non-residential sector in almost every part of the world thus fueling the overall melamine market growth.
The global Automotive Lighting market is anticipated to reach around USD 48.08 billion by 2026 according to a new research published by Polaris Market Research.
The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the Automotive Lighting Market growth.
New emerging markets, emerging consumer demographics, and increasing adoption of eco-friendly lighting solutions would provide growth opportunities for automotive lighting market in the coming years.
The introduction of stringent government regulations regarding vehicular safety and use of eco-friendly lighting solutions accelerates the adoption of automotive lighting in the region.
The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region.
Expansion of global players into these countries to tap market potential boosts the Automotive Lighting Market Growth.
Global Wood Adhesives Market is expected to reach USD 6.18 billion by 2025.
The Wood Adhesives Market is estimated to grow at a significant CAGR of 4.5 % over the forecast period as the scope and its applications are rising enormously across the globe.Growth in renovation and refurbishing activities, development of the construction, furniture, and woodworking activities, and growing urban populace are documented as major factors of Wood Adhesives Market that are estimated to enhance the growth in the years to come.
However, presence of alternatives and strict environmental policy may restrain overall market growth in the coming years.
Wood Adhesives industry is segmented based on resin type, technology, application, and region.Download Sample Report @ https://www.millioninsights.com/industry-reports/wood-adhesives-market/request-sampleNatural resin adhesives, hot melt adhesives, casein, polyvinyl acetates, blood aluminium glue, resorcinol and phenol-resorcinol formaldehyde, starch-based, phenol formaldehyde, protein-based, melamine formaldehyde, synthetic resin adhesives, epoxy, and urea formaldehyde are the resin types that could be explored in Wood Adhesives in the forecast period.Synthetic resin adhesive sector accounted for the substantial market share of Wood Adhesives in 2016 and is estimated to lead the overall market in the coming years.
It is exclusively used in cabinets, furniture, plywood, and flooring.The enhanced technologies used in Wood Adhesives are solvent less, solvent-based, water-based, and others that could be explored in the forecast period.
Furniture sector accounted for the substantial market share of Wood Adhesives and is estimated remain dominant in the coming years.
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