ID: MRFR/CnM/2806-HCR | February 2021 | Region: Global | 140 pages
Melamine is a chemically organic base and a trimer of cyanamide. Melamine-based adhesives are produced by a combination of melamine with formaldehyde. These adhesives possess high durability, superior hardness, and high resistance to fire and heat. It is a thermosetting plastic produced by polymerization of melamine with other compounds. Moreover, it exhibits high moisture durability and high flexibility.
According to MRFR analysis, the global melamine-based adhesives market is estimated to grow at a healthy CAGR of 6% by the end of 2025. Diverse applications of melamine-based adhesives in various end-use industries such as building and construction, automotive, and packaging, among others. Moreover, growing construction industries in the emerging economies of Asia-Pacific and Latin America is likely to drive the global market growth further. In addition, growing demand for portable housing to reduce the loss caused by natural calamities across the globe results in more consumer spending on housing and construction activities, which boosts the global market growth. As these adhesives effectively bind the lightweight construction materials which ensure easy excavation and reconstruction in case of any disaster. Moreover, the augmented usage of wood in construction activities, specifically for aesthetic purpose, is anticipated to offer lucrative opportunities to the market players. Furthermore, the growing consumption of melamine-based adhesives in automobiles for light-weighting vehicles to reduce carbon emissions is further expected to create immense opportunities for the producers of melamine-based adhesives.
However, high carcinogenic effects of melamine are likely to hinder the global market growth during the review period.
Global Melamine-Based Adhesives Market Share, by End-Use Industry, 2018 (%)
Source: MRFR Analysis
The global melamine-based adhesives market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The Asia-Pacific market dominated the global melamine-based adhesives market and is projected to register the highest CAGR during the assessment period. This is largely attributed to burgeoning construction activities and high consumer spending in the region. China is the leading country in the region on account of large consumer base, easy availability of raw material, and government investments on commercial buildings. India, Japan, and South Korea are other key countries in the region. The European market accounted for the second-largest market share in 2018 owing to strong automotive base in the region. Germany is the major contributor in the region followed by France, the UK, Italy, Spain, and the Netherlands. The growing use of wood in construction activities and growing automotive industries are key factors propelling the regional market growth. The North American market held a substantial market share in 2018 on account of growing automotive; and paper and packaging industries. The US is the prominent country in the region owing to robust R&D innovations and the presence of major manufacturers such as Georgia-Pacific Chemicals LLC, Cornerstone Chemical Company, and Hexion in the country. The Latin American market is projected to grow at a moderate CAGR during the forecast period on account of steady consumption of melamine-based adhesives in paper and packaging industries. Brazil and Mexico are the prominent countries in the region, contributing to regional growth. The Middle East & Africa market is likely to grow at a sluggish CAGR in the following years owing to limited end-use industries in the region.
The global melamine-based adhesives market has been segmented based on type, end-use industry, and region.
On the basis of type, the global melamine-based adhesives market has been categorized as melamine formaldehyde, urea-melamine, and melamine urea formaldehyde.
Based on end-use industry, the global melamine-based adhesives market has been classified as building and construction, automotive, household, paper and packaging, and chemicals and allied industries, others.
By region, the global melamine-based adhesives market has been studied for five key regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
|Market Size||2030 : Significant Value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and End-Use Industry|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Georgia-Pacific Chemicals LLC (U.S), OCI Nitrogen (Netherlands), National Casein (U.S.), Cornerstone Chemical Company (U.S.), SAVIOLA HOLDING SRL (Italy), Hexion (U.S.) and INEOS (U.K.)|
|Key Market Opportunities||Growing construction industries in the emerging economies of Asia-Pacific and Latin America is likely to drive the global market growth further|
|Key Market Drivers||Growing demand for portable housing to reduce the loss caused by natural calamities across the globe results in more consumer spending on housing and construction activities|
Frequently Asked Questions (FAQ) :
Melamine-Based Adhesives Market is predicted to grow at 6% through forecast period of 2020-2027.
The forecast period for Melamine-Based Adhesives Market research report is 2020-2027.
Melamine-Based Adhesives Market is dominated by APAC region.
The major players are Georgia-Pacific Chemicals LLC (U.S), OCI Nitrogen (Netherlands), National Casein (U.S.), Cornerstone Chemical Company (U.S.), SAVIOLA HOLDING SRL (Italy), Hexion (U.S.) and INEOS (U.K.)