Melamine Market Share, Size, Trends, Industry Analysis Report By Type; By Application; By End-Use (Construction, Automotive, Chemical, Textiles, Others); By Region, Segment Forecast, 2022 - 2030
- Published Date:Jan-2022
- Pages: 101
- Format: PDF
- Report ID: PM1542
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Summary
The global melamine market was valued at USD 1,624.0 million in 2021 and is expected to grow at a CAGR of 5.6% during the forecast period. Increasing infrastructure development along with the rising demand for high-end-building materials due to increasing disposable income is expected to drive the market growth.
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It is a molecule that is synthesized and utilized in a broad range of industries such as adhesives, plastics, paints, laminates, fire retardants, permanent-press textiles, fabric treatments, paper coatings, tarnishing inhibitors, and fertilizer combinations. The sudden outbreak of the COVID-19 pandemic has had a negative impact on the product demand due to lockdowns and restrictions imposed by the government, which has led to industry closures.
Furthermore, the halt in automotive manufacturing, as well as lower furniture exports, had a detrimental influence on the worldwide market. However, the demand for the product is expected to increase with ease in lockdowns and trade exports which in turn will drive the melamine market growth.
Market Dynamics
Growth Drivers
Increasing demand for the product in the construction industry for interior designing, wood adhesives, laminating wooden panels, and floor coatings will drive the product demand. Furthermore, the rising adoption of lightweight plastic crockery items due to increasing disposable income is expected to fuel the product demand.
However, stringent government regulations imposed by the government are expected to hinder the melamine market growth over the forecast period. For instance, The Food Safety and Standards Authority of India (FSSAI) of the Government of India (GOI) revised the Food Safety and Standards (Contaminants, Toxins, and Residues) Regulations, 2011, to include standards for melamine levels in baby formula and other foods.
Report Segmentation
The market is segmented on the basis of type, application, end-use, and region.
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By Type |
By Application |
By End-Use |
By Region |
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Insight by Type
Melamine resins are expected to hold the major market share over the forecast period due to increasing demand for laminated furniture along with wide application in end-use industries, including construction and automotive. These resins are utilized throughout the production of a wide range of items, including laminates, kitchenware, particleboards, overlay materials, and tile floors.
These resins may also be transformed into rigid foam formations with a specific porous configuration. It may be employed as an insulator and more soundproof, as well as a cleansing abrasion. Increasing awareness regarding these applications of melamine resins is expected to boost the segment growth over the forecast period.
Insight by Application
Laminate application segment is expected to dominate the melamine market over the forecast due to its properties, including low price, low maintenance, high performance, and broader choices. This resin provides these normally low-quality materials a highly long-lasting and appealing finish which in turn is expected to boost the segment demand.
Wood adhesives segment is expected to grow at a steady pace over the forecast period as melamine adhesives build a strong correlation without causing harm to the cabinet. Additives, without screws, disperse the tension of the bond equally over the surface. This reduces the possibility of pressure fractures caused by screws and related fasteners.
Geographic Overview
Asia Pacific is expected to dominate the market over the forecast period due to the presence of key developing economies along with rapid urbanization in countries like China and India. Furthermore, the rising construction industry due to the rise in disposable income and standard of living is also expected to boost the product demand in this region. Moreover, China is expected to hold the majority of shares over the forecast period as China is one of the major consumer and industrial products manufacturers.
Europe is expected to grow at a significant pace over the forecast period due to high disposable income, which is expected to increase the demand in the automotive and construction industry. North America is expected to grow steadily over the forecast period due to increasing demand for products in the construction and automotive industry.
Competitive Insights
Some of the players operating in the global market include Allnex Belgium S.A., BASF SE, Borealis AG, Chemiplastica SP, Cornerstone Chemical Company, Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP), Haohua Junhua Group Co., Ltd., Henan Zhongyuan Dahua Group Co Ltd., Methanol Holdings (Trinidad) Limited, Mevion Medical Systems, Mitsui Chemicals Inc, Nissan Chemical Industries. Ltd., Qatar Melamine Company, Sichuan Chemical Holdings Co. Ltd., Sichuan Golden Elephant Chemical Co, and Xinji Jiuyuan Chemical Co. Ltd.
These key players are adopting organic and inorganic strategies such as mergers & acquisitions, partnership & collaboration, along with new product launches to increase their product portfolio and to increase their market presence.
For instance, in April 2019, Prefere Resins and Silverfleet Capital revealed that Prefere Resins Holding GmbH, a Fund II portfolio firm, has decided to purchase INEOS Melamines & Paraform Business, which is presently part of the INEOS Enterprises portfolio.
Melamine Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 1,624.0 million |
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Revenue forecast in 2030 |
USD 2,578.4 million |
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CAGR |
5.6% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
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Segments covered |
By Type, By Application, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
Allnex Belgium S.A., BASF SE, Borealis AG, Chemiplastica SP, Cornerstone Chemical Company, Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP), Haohua Junhua Group Co., Ltd., Henan Zhongyuan Dahua Group Co Ltd., Methanol Holdings (Trinidad) Limited, Mevion Medical Systems, Mitsui Chemicals Inc, Nissan Chemical Industries. Ltd., Qatar Melamine Company, Sichuan Chemical Holdings Co. Ltd., Sichuan Golden Elephant Chemical Co, and Xinji Jiuyuan Chemical Co. Ltd. |
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