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Melamine Market Report, Industry Size, Growth Opportunities By 2023
Melamine Market Overview:
The modern commercial production of melamine has grown at a rapid rate recently due to rising demand. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is anticipated to expand with a positive CAGR rate over the forecast period.
The application related to thermoset plastics of melamine such as household appliances such as food containers, dinnerware, utensil handles, electric sockets, is among the significant drivers of the market and will continue rising due to large-scale consumer preference.
The increased usage of melamine as a wood adhesive in bonding plywood, hardwood, etc. will also add favourably to the overall market development in the forecast period. The use of melamine in interior decoration for protection and adornment purposes with aid in the development of the market significantly over the forecast period.
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Melamine Market Key Players:
• OCI Nitrogen (Netherlands)
• BASF SE (Germany)
• Haohua Junhua Group Co, Ltd. (China)
• Cornerstone Chemical Company (U.S.)
• Nissan Chemical Industries. Ltd. (Japan)
• Methanol Holdings (Trinidad)
• Limited (U.S.)
• ichuan Golden Elephant Chemical (China)
• Mitsui Chemicals, Inc. (Japan)
• Qatar Melamine Company (Qatar)
Borealis AG (Austria) are a few of the important competitors functioning in the melamine market globally.
Melamine Market Segmental Analysis:
Melamine Market globally is segmented on the basis of application, end-user industry, form, and region. On the basis of the product type, the melamine market globally is segmented into melamine foam, melamine resin, and others. By application, the market is segmented into wood adhesives, laminates, surface coating, thermoset plastics, and others. On the basis of the end-user industry, the market is segmented into construction, automotive industry, chemical industry, textile industry, and others. By regions, the melamine market globally is segmented into APAC, North America, Europe, Middle East, Africa, and Latin America.
Melamine Market Regional Analysis:
The Asia Pacific market has emerged as the leader of the market globally. China is one of the major and the rapidly rising market in the Asia Pacific region, both in terms of consumption and production owing to an enormous real estate market. Nations such as India, Indonesia, Japan, and Malaysia are also likely to observe noteworthy development owing to intensifying demand from the construction industry. Moreover, the growing disposable income and altering lifestyle is expected to lift the melamine market in the region. The European region is the next major melamine market across the globe. The market development is motivated by the renovation activities, residential construction, and robust automotive industry. The Middle East region is anticipated to display stable development for melamine owing to constant infrastructural projects being taken up by the government primarily in the U.A.E and Qatar to boost the tourism industry.
European market is anticipated to exhibit high growth rate due to shifting production of wood-based panels and laminates towards eastern part of Europe. Major countries contributing towards regional market growth include Turkey and Russia. North America and Latin America are slated to witness moderate growth over the forecast period.
Melamine Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Melamine Market
Melamine Market Table of Content to be Continue…...,
Melamine Market List of Table:
Table 1 Global Melamine Market: By Region, 2015-2023
Table 2 North America Melamine Market: By Country, 2015-2023
Table 3 Europe Melamine Market: By Country, 2015-2023
Table 4 Asia-Pacific Melamine Market: By Country, 2015-2023
Table 5 Middle East & Africa Melamine Market: By Country, 2015-2023
Melamine Market List of Table to be Continue…...,
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