Melamine is the most promising market research report which has been framed in the way you foresee. As today’s businesses insist the market research analysis before taking any verdict about the products, opting such market research report is essential for the businesses. This Melamine market research report deals with an array of important market related aspects which can be listed as follows; market size estimations, company and market best practices, entry level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and in-depth benchmarking of vendor offerings.
Global Melamine Market is expected to register a steady CAGR of 3.59% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the expansion of areas of application of melamine, especially growth in demand for melamine-based foam.
Melamine is a type of chemical compound that finds its application in a number of industrial and consumer goods & services. These organic compounds are utilized in the production of various laminates, dinnerware, coatings, flame retardants, adhesives and various others. It is characterized as having a white crystalline form.
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Technological Advancements to Support Global Melamine Market
Among the key segments, Asia Pacific is expected to account for a large share of the global melamine and remain in the leading position in the coming few years. The rising demand for melamine owing to the rapid development of the construction industry is predicted to encourage the growth of the Asia Pacific melamine market in the near future. The high rate of industrialization and a tremendous rise in the population are another factors propelling the market growth in the coming years. Furthermore, Europe is likely to experience a promising growth in the next few years and register a healthy growth rate in the next few years.
- High levels of growth associated with the construction industry which is expected to foster the market growth
- High levels of demand from the automotive industry; this factor is expected to boost the growth of this market
- Growth of demand from wood adhesives and laminates application acts as a market driver
- High levels of disposable income and changes in preferences and lifestyles of consumers also propels the market growth
Segmentation: Global Melamine Market
- Melamine Resin
- Melamine Foam
- Wood Adhesives
- Molding Compounds
- Thermoset Plastics
- Surface Coating
- Flame Retardants
- Textile Resins
- Concrete Plasticizers
- Paper Finish
By End-User Industry
- Chemical Industry
- Textile Industry
- Automotive Industry
- North America
- South America
- Middle East and Africa
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Key Developments in the Market:
- In April 2019, INEOS announced that they had agreed for the sale of their melamine and paraform business to Prefere Resins Holding GmbH. The agreement for the sale of businesses in the INEOS group was for INEOS Melamines & INEOS Paraform for U.S.A., Germany and Indonesia regions. This agreement will ensure better focus on the advancement of these businesses and help Prefere Resins in complementing their strategic growth
- In April 2017, Mitsui Chemicals, Inc. announced that they had restarted their melamine plant situated in Osaka, Japan providing 40000tonnes of melamine annually. The plant was halted for upgradation and repairing a technical fault restricting the achievement of plant’s entire production capacity
Melamine is being used extensively across diverse industries across the globe, thanks to which the market is likely to experience a healthy growth in the next few years. The innovations and developments and the expansion of the product portfolio are predicted to enhance the development of the market in the coming years. In addition to this, the rise in the application sectors is likely to offer growth opportunities in the near future. With these factors, several new players are likely to enter the market in the next few years, which will ensure the market growth in the coming few years. Also, the increasing use of melamine in the automotive industry is projected to accelerate the market growth over the next few years.
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The global market for melamine is likely to witness a high level of competition among the leading players across the globe. The participation of new players and the growing focus on the research and development activities are estimated to support the development of the market in the coming years. The expansion of the product portfolio and innovations in this field are further expected to offer growth opportunities for the players, thus enhancing the market growth in the near future. Some of the key players engaged in the melamine market across the globe are Qatar Melamine Company (QMC), Xinji Jiuyuan Chemical Co., Ltd., Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP), Borealis AG, BASF SE, Methanol Holdings (Trinidad) Limited (MHTL), OCI N.V., and Cornerstone Chemical Company.
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