Melamine Market is predicted to reach USD 13.10 billion at a CAGR of 5.10% during the forecast period:

Pune, India, September, 2023 /press release/- Market Research Future Published a Half Cooked Research Report on Global Melamine Research Report.


MRFR recognizes the following companies as the key players in the global Melamine Market — China Haohua Chemical Group Co., Ltd, OCI Nitrogen, BASF SE, Cornerstone, Qatar Melamine Company, Golden elephant chemical, Mitsui Chemicals, Inc., Nissan Chemical Corporation, and Methanol Holdings (Trinidad) Limited.


Market Highlights


The global Melamine Market is accounted to register a CAGR of 5.10% during the forecast period and is estimated to reach USD 13.10 billion by 2030.


Melamine is an organic compound primarily used in the production of resins and plastics, particularly in the manufacture of laminates and coatings. It is also used in the production of flame-retardant materials, textiles, paper, and as a nitrogen-rich fertilizer. The demand for melamine is closely linked to the construction and manufacturing industries, as well as consumer goods production.


Segment Analysis


The global Melamine Market has been segmented based Forms, Application, End-User Industry


The melamine market segmentation, based on forms, includes melamine resin, and melamine foams. The melamine foams segment held the majority share of the melamine market revenue. Melamine foams exhibit high sound absorption capacity and possess an intrinsic property of flame retardant. However, melamine resin is the fastest-growing category over the forecast period due to the rising importance of lightweight vehicles with lower emissions and increased fuel efficiency is expected to eliminate the usage of fixtures such as screws, nuts, and clamps in automotive assembling.


The melamine market segmentation, based on application, includes laminates, wood adhesives, surface coatings, and thermoset plastics. The laminates segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to its properties, such as low price, low maintenance, broader choices and high performance. This resin delivers these normally low-quality materials a highly long-lasting and appealing finish which positively impacts the market growth. However, wood adhesives are the fastest-growing category over the forecast period as melamine adhesives build a strong correlation without causing harm to the cabinet.


The melamine market data has been bifurcated by the end-use industry into construction, chemical, textile, and automotive. The construction category dominated the market in 2021 and is anticipated to be the faster-growing segment during the forecast period, 2022-2030. The growth in the construction activity in countries such as Japan, China, India and the US. However, automotive is the fastest-growing category due to the increased demand for melamine in the automotive industry.


Regional Analysis


The global Melamine Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. The North America melamine market accounted for USD 3.80 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is owing to the increasing demand for products in the construction and automotive industry across the region. Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Europe melamine market accounts for the second-largest market share due owing to the increasing demand for laminates, wood adhesives, and paints and coatings the usage of melamine is growing in the region. Further, the Germany melamine market held the largest market share, and the UK melamine market was the fastest-growing market in the European region.


The Asia-Pacific melamine Market is expected to grow at the fastest CAGR from 2022 to 2030 due to the existence of key developing economies along with rapid urbanization in countries such as China and India. Furthermore, the rising construction industry owing to the rise in disposable income and standard of living, is also expected to boost the product demand in this region. Moreover, China melamine market held the largest market share, and the Indian melamine market was the fastest-growing market in the Asia-Pacific region.


Key Findings of the Study



  • The global Melamine Market is expected to reach USD 13.10 billion by 2030, at a CAGR of 5.10% during the forecast period.

  • The Asia-Pacific melamine Market is expected to grow at the fastest CAGR from 2022 to 2030 due to the existence of key developing economies along with rapid urbanization in countries such as China and India.

  • The melamine market segmentation, based on forms, includes melamine resin, and melamine foams. The melamine foams segment held the majority share of the melamine market revenue. Melamine foams exhibit high sound absorption capacity and possess an intrinsic property of flame retardant.

  • China Haohua Chemical Group Co., Ltd, OCI Nitrogen, BASF SE, Cornerstone, Qatar Melamine Company, Golden elephant chemical, Mitsui Chemicals, Inc., Nissan Chemical Corporation, and Methanol Holdings (Trinidad) Limited.


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Report details
Base Year 2023
Companies Covered 15
Pages 137
Certified Global Research Member
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