Melamine formaldehyde market
Melamine Formaldehyde Market, By Application (Tableware, Laminates, Paints & Coatings, Adhesives, Sanitary Ware, Electrical & House, and Others), And By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
- Jul 2023
- CMI4101
- 120 Pages
- Excel & Pdf
- Polymers and Resins
Melamine formaldehyde is a hard polymer that appears white in colour. 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.
Global melamine formaldehyde market was valued at US$ 26.72 Billion in 2022 in terms of revenue, exhibiting a CAGR of 7.7% during the forecast period (2023 to 2030).
Drivers
High demand for melamine formaldehyde
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. Moreover, 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.
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. High demand for melamine formaldehyde from China is expected to accelerate the market growth.
Figure 1. Global Melamine Formaldehyde Market Value Share (%), By Region, 2022
On the basis of region in 2022, the Asia Pacific region has accounted the largest market share of 40% in terms of value, followed North America and Europe. The growing market in Asia pacific region is result of growing construction market in countries like China, India, and Japan.
Market Restraints
The fluctuating price of raw materials used in the production of the melamine-formaldehyde
The fluctuating price of raw materials used in the production of the melamine-formaldehyde is expected to hinder the market growth. Melamine formaldehyde is manufactured by natural gas or urea feedstock.
Limited application of melamine formaldehyde as they are used only for surface coatings is leading to slow down of the global consumption of melamine formaldehyde.
Market Trends
Expanding production capacity of the manufacturer is a key trend in the market. For instance, in March 2022, BASF SA, provides melamine-based coatings that are applied to wood to improve its appearance and durability. Its molding components also make the surface robust, with properties including hardness, heat resistance, and chemical resistance, making it ideal for making wiring equipment and serving trays. A growing merger and acquisition among manufacturer for business expansion is the current trend.
Melamine Formaldehyde Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2022: | US$ 26.72 Bn |
Historical Data for: | 2018 to 2022 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 7.7% | 2030 Value Projection: | US$ 48.53 Bn |
Geographies covered: |
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Segments covered: |
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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, Allnex Belgium SA, Eurotecnica, Chimica Pomponesco SPA, Qatar Melamine Company, Hexza Corporation Board |
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Growth Drivers: |
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Restraints & Challenges: |
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COVID-19 Impact Analysis
The COVID-19 outbreak impacted the melamine formaldehyde market negatively. The market witnessed a sharp decline in demand for melamine formaldehyde from various industries, such as furniture, paper and construction industry. The COVID-19 pandemic caused a ban on imports and export, thereby disrupting the supply chain and hampering the melamine formaldehyde market growth.
Figure 2. Global Melamine Formaldehyde Market Value Share (%), By Application, 2022
On the basis of application in 2022, the laminates segment has accounted the largest market share of 32% in terms of value, followed adhesives and paints & coatings respectively
Competitive Section
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, Allnex Belgium SA, Eurotecnica, Chimica Pomponesco SPA, Qatar Melamine Company, Hexza Corporation Board
Table of contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 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
- Coherent Opportunity Map (COM)
- Drivers
- Market Dynamics
- Global Melamine Formaldehyde Market– Impact of Coronavirus (Covid-19) Pandemic
- Impact of Coronavirus – Overview
- Global Melamine Formaldehyde Market, By Application, 2018 - 2030 (US$ Billion )
- Introduction
- Market Share Analysis, 2023 and 2030
- Y-o-Y Growth Analysis, 2018 – 2030 (%)
- Segment Trends
- Tableware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Billion & Kilo Tons)
- Laminates
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Billion & Kilo Tons)
- Paints and Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Billion & Kilo Tons)
- Adhesives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Billion & Kilo Tons)
- Sanitary Ware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Billion & Kilo Tons)
- Electrical & House
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Billion & Kilo Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Billion & Kilo Tons)
- Introduction
- Global Melamine Formaldehyde Market, By Region, 2018 - 2030 (US$ Billion & Kilo Tons)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030
- Y-o-Y Growth Analysis, By Region, 2018 – 2030 (%)
- North America
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2018 – 2030 (%)
- U.S.
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Canada
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Europe
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2018 – 2030 (%)
- U.K.
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Germany
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- France
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Italy
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Spain
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Russia
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2018 – 2030 (%)
- China
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- India
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Japan
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- ASEAN
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Australia
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- South Korea
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Latin America
- Market Share Analysis, By Country, 2023 and 2030
- Y-o-Y Growth Analysis, By Country, 2018 – 2030 (%)
- Brazil
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Mexico
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Argentina
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Middle East & Africa
- Market Share Analysis, By Sub-Region, 2023 and 2030
- Y-o-Y Growth Analysis, By Sub-Region, 2018 – 2030 (%)
- Middle East
- Sub-region Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- Africa
- Sub-region Trends
- Market Size and Forecast, By Application, 2018 - 2030 (US$ Billion & Kilo Tons)
- U.S.
- Introduction
- 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
- Allner Belgium SA
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Eurotecnica
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Chimica Pomponesco SPA
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Qatar Melemine Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Hexza Corporation Board
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- BASF SE
- Section
- References
- Research Methodology
- About us and Sales Contact
Detailed Segmentation:
- Global melamine formaldehyde market, By Application:
- Tableware
- Laminates
- Paints & Coatings
- Adhesives
- Sanitary Ware
- Electrical & House
- Others
- Global Melamine formaldehyde market, By Region:
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East
- Africa
- North America