Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Melamine formaldehyde is a hard polymer that appears white in color. It is one of the hardest polymers due to its thermosetting plastic properties. It has excellent UV, chemical, moisture, and thermal resistance properties. Table tops, wood adhesives, surface coatings and laminated countertops are some of the major applications of the melamine formaldehyde.

The global melamine formaldehyde market is estimated to account for US$ 20,620.1 Mn in terms of value and 15,571.5 Kilo Tons in terms of volume by the end of 2019.

Drivers:

Robust growth in the construction industry is a prime factor propelling the market growth of the melamine formaldehyde. It is used as concrete plasticizer in the construction of rising buildings and other durable structures. Also, it helps to comply with green building standards when added to wood waste products which are widely used in the construction industry. Thus, growth in the construction industry is expected to augment the market growth of the melamine formaldehyde.

High demand for melamine formaldehyde from China is expected to accelerate the market growth. Rapid growth in the housing projects coupled with the tremendous growth in the population is again anticipated to foster the market growth of the melamine formaldehyde. Moreover, growing demand for laminates in China due to rapid urbanization and industrialization is further anticipated to accelerate the market growth of the melamine formaldehyde.

Figure 1. Global Melamine Formaldehyde Market Share (%) in terms of Value, By Region, in 2019

Melamine Formaldehyde  | Coherent Market Insights

Asia Pacific region dominated the global melamine formaldehyde market in 2019, accounting for 40.6% share in terms of value, followed by Europe and North America, respectively.

Market Restraints

The fluctuating price of raw materials used in the production of the melamine-formaldehyde is expected to hinder the market growth. Natural gas or urea feedstock is primarily used in the manufacturing of the melamine formaldehyde.

Limited application of melamine and formaldehyde as they are used only for surface coatings is leading to slow down of the global consumption of melamine formaldehyde.

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Melamine Formaldehyde Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 20,620.1 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.3% 2027 Value Projection: US$ 33,743.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Application: Tableware, Laminates, Paints & Coatings, Adhesives, Sanitary Ware, Electrical & House and Others
Companies covered:

BASF SE, Chang Chun Plastics Co. Ltd., Georgia Pacific Chemical LLC, Chemiplastica SPA, MPC Ferrostaal GmbH, Chemisol Italia Srl, Mitsui Chemicals Inc., INEOS Group Holdings SA, Nissan Chemical Industries Ltd., Borealis Agrolinz Melamine GmbH, Momentive Specialty Chemicals, Inc., Panasonic Corporation, and OCI Nitrogen BV

Growth Drivers:
  • High demand for melamine formaldehyde from China is expected to accelerate the market growth.
  • Robust growth in the construction industry is a prime factor propelling the market.
Restraints & Challenges:
  • The fluctuating price of raw materials used in the production of the melamine-formaldehyde is expected to hinder the market growth.

Market Opportunities

Rising demand for melamine formaldehyde from paints and coatings industry is expected to offer lucrative opportunities. The market growth is also attributed to rapid growth in the paint and coatings industry driven by increasing construction activities around the globe. Also, the growing demand for high-performance paints and coatings is further anticipated to propel the market growth of the melamine formaldehyde.

Growing demand for melamine formaldehyde from the automotive industry is expected to offer potential market opportunities over the forecast period. They are used in the manufacturing of the lightweight polyurethane foams for automobile door insulation, decorative laminates of car interiors, and vulcanized rubber tires. Thus, such emerging applications of the melamine-formaldehyde from automotive the industry is augmenting the market growth over the forecast period. 

Figure 2. Global Melamine Formaldehyde Market– Opportunity Analysis

Melamine Formaldehyde  | Coherent Market Insights

Market Trends/Key Takeaways

Expanding production capacity of the manufacturer is a key trend in the market. For instance, in December 2019, BASF has expanded its range of the melamine resin foam Basotect: The new grade Basotect UF+ with improved emission properties. It is lightweight and flexible foam which makes it ideal for the insulation of rail vehicles as well as of heating, ventilation, and air-conditioning (HVAC) technology in buildings.

A growing merger and acquisition among manufacturer for business expansion is the current trend. For instance, in April 2019, Prefere Resins acquired INEOS's Melamines and Paraform business segments for an undisclosed amount. Prefere Resins has a total production capacity of 350,000 tonnes/year.

Figure 3. Global Melamine Formaldehyde Market Share (%) in terms of Value, By Application, in 2019

Melamine Formaldehyde  | Coherent Market Insights

On the basis of application in 2019, the laminates segment has accounted the largest market share of 31.2% in terms of value, followed adhesives and paints & coatings respectively..

Global Melamine formaldehyde market - Impact of Coronavirus (Covid-19) Pandemic

The sudden outbreak of the novel coronavirus has negatively impacted various industries across the globe. The textile industry is one of the worst affected industries. The pandemic situation has caused closure of many micro and small scale enterprise. In addition, various large textile enterprises are laying off their employees during the current situation. Moreover, electronics industry also has taken a toll due to outbreak of COVID-19 pandemic, across the globe. Globally, hypermarkets, supermarkets, and showrooms of leading brands have been shut down, affecting sales of various consumer electronics products. Due to implication of the measures amid lockdown, enterprises across the globe have adopted remote working as a tool to continue with their business processes. The aforementioned factors are key reasons expected to hinder the market growth.

Value Chain Analysis

 

Melamine Formaldehyde  | Coherent Market Insights

Competitive Section:

Company Names 

  1. BASF SE
  2. Chang Chun Plastics Co. Ltd.
  3. Georgia Pacific Chemicals LLC
  4. Chemiplastica SpA
  5. MPC Ferrostaal GmbH
  6. Chemisol Italia Srl
  7. Mitsui ChemicalsInc
  8. INEOS Group Holdings SA
  9. Nissan Chemical Industries Ltd.
  10. Borealis Agrolinz Melamine GmbH
  11. Momentive Specialty Chemicals, Inc
  12. Panasonic Corporation
  13. OCI Nitrogen BV

Few Recent Developments

In April 2019, Prefere Resins acquired INEOS's Melamines and Paraform business segments for an undisclosed amount. Prefere Resins has a total production capacity of 350,000 tonnes/year.

Melamine formaldehyde is a hard polymer that appears white in color. It is one of the hardest polymers due to its thermosetting plastic properties. It has excellent UV, chemical, moisture, and thermal resistance properties. Table tops, wood adhesives, surface coatings and laminated countertops are some of the major applications of the melamine formaldehyde.

 Market Dynamics

Robust growth in the construction industry is a prime factor propelling the market growth of the melamine formaldehyde. It is used as concrete plasticizer in the construction of rising buildings and other durable structures. Also, it helps to comply with green building standards when added to wood waste products which are widely used in the construction industry. Thus, growth in the construction industry is expected to augment the market growth of the melamine formaldehyde

Growing demand for melamine formaldehyde from the automotive industry is expected to offer potential market opportunities over the forecast period. They are used in the manufacturing of the lightweight polyurethane foams for automobile door insulation, decorative laminates of car interiors, and vulcanized rubber tires. Thus, such emerging applications of the melamine-formaldehyde from automotive the industry is augmenting the market growth over the forecast period

Key features of the study:

  • This report provides in-depth analysis of the global melatonin market and provides market size (US$ Million & Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on global melatonin market.
  • It profiles key players in the global melatonin market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study BASF SE, Chang Chun Plastics Co. Ltd., Georgia Pacific Chemical LLC, Chemiplastica SPA, MPC Ferrostaal GmbH, Chemisol Italia Srl, Mitsui Chemicals Inc., INEOS Group Holdings SA, Nissan Chemical Industries Ltd., Borealis Agrolinz Melamine GmbH, Momentive Specialty Chemicals, Inc., Panasonic Corporation, and OCI Nitrogen BV
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global melatonin market report caters to various stakeholders in this industry including investors, suppliers, global soy and milk protein ingredients manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global melatonin market

Detailed Segmentation:

  • Global Melatonin Market, By Application:
    • Tableware
    • Laminates
    • Paints & Coatings
    • Adhesives
    • Sanitary Ware
    • Electrical & House
    • Others
  • Global Melatonin market, By Region:
    • North America
      • U.S.
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Canada
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
    • Europe
      • U.K.
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Germany
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • France
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Italy
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Spain
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Russia
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Rest of Europe
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
    • Asia Pacific
      • China
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • India
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Japan
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • ASEAN
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Australia
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • South Korea
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Rest of Asia Pacific
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
    • Latin America
      • Brazil
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Mexico
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Rest of Latin America
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
    • Middle East & Africa
      • Middle East
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
      • Africa
        • By Application:
          • Tableware
          • Laminates
          • Paints & Coatings
          • Adhesives
          • Sanitary Ware
          • Electrical & House
          • Others
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Chang Chun Plastics Co. Ltd.
    • Georgia Pacific Chemicals LLC
    • Chemiplastica SpA
    • MPC Ferrostaal GmbH
    • Chemisol Italia Srl
    • Mitsui ChemicalsInc
    • INEOS Group Holdings SA
    • Nissan Chemical Industries Ltd.
    • Borealis Agrolinz Melamine GmbH
    • Momentive Specialty Chemicals, Inc.
    • Panasonic Corporation
    • OCI Nitrogen BV

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Melamine Formaldehyde  Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Melamine Formaldehyde  Market, By Application, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Tableware
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Laminates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Paints and Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Adhesives
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Sanitary Ware
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Electrical & House
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Kilo Tons)
  6. Global Melamine Formaldehyde  Market, By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-Region, 2020 – 2027 (%)
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chang Chun Plastics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Georgia Pacific Chemicals LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chemiplastica SpA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • MPC Ferrostaal GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chemisol Italia Srl
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mitsui Chemicals Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • INEOS Group Holdings SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nissan Chemical Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Borealis Agrolinz Melamine GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Momentive Specialty Chemicals, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Panasonic Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • OCI Nitrogen BV
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for melamine formaldehyde is estimated to surpass US$ 33,743.1 million by 2027, exhibiting a CAGR of 6.3% between 2020 and 2027.
High demand for melamine formaldehyde from China is expected to accelerate the market growth. Rapid growth in the housing projects coupled with the tremendous growth in the population is again anticipated to foster the market growth of the melamine formaldehyde. Moreover, growing demand for laminates in China due to rapid urbanization and industrialization is further anticipated to accelerate the market growth of the melamine formaldehyde.
The melamine formaldehyde market is expected to exhibit a CAGR of 6.3% during the forecast period (2020-2027).
Major players operating in the global melamine formaldehyde market include BASF SE, Chang Chun Plastics Co. Ltd., Georgia Pacific Chemical LLC, Chemiplastica SPA, MPC Ferrostaal GmbH, Chemisol Italia Srl, Mitsui Chemicals Inc., INEOS Group Holdings SA, Nissan Chemical Industries Ltd., Borealis Agrolinz Melamine GmbH, Momentive Specialty Chemicals, Inc., Panasonic Corporation, and OCI Nitrogen BV
Limited application of melamine and formaldehyde as they are used only for surface coatings is leading to slow down of the global consumption of melamine formaldehyde.
Expanding production capacity of the manufacturer is a key trend in the market. For instance, in December 2019, BASF has expanded its range of the melamine resin foam Basotect: The new grade Basotect UF+ with improved emission properties. It is lightweight and flexible foam which makes it ideal for the insulation of rail vehicles as well as of heating, ventilation, and air-conditioning (HVAC) technology in buildings.
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