Melamine Market 2022-2028

Global Melamine Market Size, Share & Trends Analysis Report by Application (Laminates, Wood Adhesives, Molding Compounds, Paints and Coatings, and Others Applications) Forecast Period 2022-2028

The global melamine market is projected to have a considerable CAGR of around 4.26% during the forecast period. Melamine is a white crystalline substance that is a member of the heterocyclic organic compounds family and contains 66% nitrogen by mass. Melamine foams have their application in insulation, soundproofing metal, and polymeric cleaning products such as magic erasers. The significant rise in consumer awareness and spending on aesthetics and home decor has increased demand for wooden furniture, flooring, cabinets, and other similar items, which drives the melamine market. Increased melamine's use in high-resistance concrete and carbon nanotubes, as well as a growth in demand for melamine from the laminates and wood adhesives markets, are also driving the market. Further, the restructuring and modification of residential structures to cut costs and improve energy efficiency are expected to bring an opportunity to boost the melamine market during the forecast period. However, toxicity levels associated with melamine restrict the growth of the market.

The global melamine market is segmented based on application. Based on the application the market is further classified into instruments and accessories, robotic systems, and services. Based on application, the market is segregated into laminates, wood adhesives, molding compounds, paints and coatings, and other applications.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is the region expected to have the largest market share in the melamine market. The growth is attributed to the high consumption of melamine in countries such as China and India with maximum demand from the automotive and construction industries. Further, as the construction industry is dominated by state-owned enterprises, increased government spending is boosting the industry in the region and this scenario may concrete the demand for melamine materials during the forecast period.

The key players of the market include BASF SE, Henan Xinlianxin Chemicals Group Co. Ltd, Nissan Chemical Corp, Qatar Melamine Co. among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In April 2019, Gujarat State Fertilizers & Chemicals Limited (GSFC) and Casale SA, a technology company, announced the completion of a new melamine facility in Vadodara, India, with a capacity of 40 kilotons per year, thereby led to further expansion in the company's business.

Research Methodology

The market study of the global melamine market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global melamine Market Research and Analysis by application

The Report Covers:

• Comprehensive Research Methodology of the global melamine market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global melamine market.
• Insights about market determinants that are stimulating the global melamine market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players