Melamine Market Research Report – Forecast to 2030

Melamine Market Information: By Forms (Melamine Resin, Melamine Foams), Application (Laminates, Wood Adhesives, Surface Coatings, and Thermoset Plastics), End-Use Industry (Construction, Chemical, Textile, Automotive) and Region Forecast Till 2030

ID: MRFR/CnM/0547-HCR | December 2022 | Region: Global | 137 Pages         

Melamine Market

The melamine market value is expected to be worth USD 11.57 billion by the end of the current forecast period in 2028

Segmentation

By Forms Melamine Resin MelamineFoams
By Application Laminates Wood Adhesives Surface Coatings Thermoset Plastics
By End-Use Industry Construction Chemical Textile Automotive

Key Players

  • Haohua Junhua Group Co
  • Ltd.(China)
  • OCI Nitrogen (Netherlands)
  • BASF SE (Germany)
  • Cornerstone Chemical Company (U.S.)
  • Qatar Melamine Company (Qatar)
  • Sichuan Golden Elephant Chemical (China)
  • Mitsui Chemicals
  • Inc. (Japan)
  • Nissan Chemical Industries. LTD. (Japan)
  • Methanol Holdings (Trinidad) Limited (U.S.)
  • Borealis AG (Austria)

Drivers

  • Thermoset plastics application of melamine is one of the major drivers of the global melamine market.
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Melamine Market Analysis


The Melamine market is a rapidly expanding market that was valued at USD 7.83 billion in 2020. The demand for melamine goods is rising owing to its better mechanical properties and high-end finish.   Melamine resin is used for manufacturing cookware, building materials, furniture lamination, fertilizers, etc.


Melamine materials are abrasion resistant, heat resistant, lightweight, and durable. Therefore, the demand is rising in various end-user industries. It is frequently used as an overlay in wooden furniture for enabling water resistance, termite resistance, and better designing options. The global melamine market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 5.1 % over the forecast period.


Rapid Urbanisation and infrastructure development are generating huge demand for melamine goods. Moreover, with the rise in disposable income of people, the demand for high-end building materials and goods is also rising. The melamine market value is expected to be worth USD 11.57 billion by the end of the current forecast period in 2028.


Covid 19 Analysis


Covid 19 had a significant impact on the global melamine market. The demand for melamine fell significantly over the acute pandemic period owing to the closure of various end-user industries. The building and construction industry was affected badly which is the major demand generator for melamine. Halt in automobile production, decreased sales of furniture, etc. made a negative impact on the global melamine market. 


Competitive Landscape


The major global companies playing a key role in the melamine market are :



Market Dynamics


Drivers


The rising demand from major end-user industries such as building and construction, furniture, automotive, etc. owing to the favorable properties of melamine is driving the market growth. Melamine lamination offers several advantages such as scratch resistance, smooth finish, waterproofing to wooden materials.  Moreover, melamine construction materials are durable, heat resistant, and offer a scope of coloration and design.


There is also a rise in demand for melamine fibers and melamine foam in different industries. Melamine fibers are high-strength fibers having heat-resistant properties. These fibers are used for making fire-resistant fabrics. Moreover, melamine objects have fire retarding properties as they release nitrogen gas during breakdown. Melamine foam is used for building insulation, soundproofing, and cleaning sponges. 


Restraints


Hazardous health effects of melamine emissions during the manufacturing and construction process are the major hindrance for the melamine market. Though Melamine coated dishwares are deemed safe by FDA there were several cases of melamine contamination in food during the past. Melamine contamination leads to damage in the urinary system, therefore it needs to pass through careful tests.


The other major restraint for melamine is its thermosetting behavior. It gets fixed to a shape once molded hence offering limited scope for recycling and reformation.


Technology Analysis


Melamine is a nitrogen-rich Organic compound having formula C3H6N6. It is combined with formaldehyde and other compounds to form resins that are used for manufacturing durable thermosetting plastics. Moreover, it has a wide variety of uses such as fertilizers, flame retardants, and construction materials. 


Melamine resins are strong and durable polymers that can be pigmented and molded into different shapes, thus it has various industrial applications. It is used as a laminating agent or coating materials for wood, paper, and textiles or to be molded into dishes and utensils. Melamine objects offer benefits like lightweights, heat resistance, and scratch resistance.


Study Objectives


The specific objectives of this Market report on the melamine market are given below:



  • To provide a complete overview of the melamine market.

  • To analyze and forecast the melamine market in terms of value and volume.

  • To provide information about the impact of covid 19 on the melamine market.

  • To identify the problems and prospects of the melamine market

  • To give details about the technological know-how of the product.

  • To provide information about the regional market and potentially growing segments.

  • To identify the key players of the melamine industry.


Segment Analysis


Segmentation of the global melamine market, by form



  • Melamine foam

  • Melamine resin

  • Others


Melamine resin dominates the by form segment owing to its wide application. Melamine resin finds its use in kitchenware, laminates, particle boards, floor tiles, etc. Melamine coatings are highly durable, scratch-resistant, and give a clear finish. 


Segmentation of the global melamine market, by Application



  • Laminates

  • Adhesives

  • Molding Powder

  • Paints & Coating

  • Others


Laminates hold the largest market share of the global melamine market. Melamine laminates are primarily used as an overlay for building materials such as plywood or MDF.  They impart water, heat, abrasion, and scratch resistance to construction materials. These materials occupy the largest market share owing to their cost-effectiveness and favorable properties like low maintenance and wide design options. 


Segmentation of the global melamine market, by End-Use industry



  • Construction

  • Chemicals

  • Textiles

  • Automotive

  • Others


The construction sector is the largest end-user industry in the global melamine market. This dominance is due to the wide use of melamine in the construction industry. It finds its use in furniture, flooring, design boards, etc. Suitable properties of it such as water-resistant, scratch resistance are the driving factors. 


Regional Analysis


The different regional markets for the global melamine market are:



  • North America

    • US

    • Canada

    • Mexico





  • South America

    • Brazil

    • Argentina





  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe





  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific





  • Rest of the world ( RoW )

    • The Middle East

    •  




The Asia Pacific is the largest regional market for melamine. Rapid Urbanisation and industrial development in this region are the driving factors behind the growth of the melamine market. Moreover, with the rise in disposable income of people, the demand for high-end goods has risen which is upscaling the market demand for melamine. China is the largest manufacturer and consumer of melamine goods. Furthermore, government emphasis on infrastructure development is creating a favorable environment for the growth of the market in this region. 


Europe holds the second largest market share of the global melamine market. The construction industry and automotive industry are the major end-users of melamine in this region. There is a significant demand for high-end construction materials and furniture having melamine finish in this region owing to the high disposable income of people.


The North American segment also accounts for a significant market share of the global melamine market. Rapid infrastructure development and demand for high-end consumer goods are the major demand-generating factors for melamine in this region. The Middle East market is expected to show exceptional growth owing to high demand from the construction industry. The Latin America and African segments will show moderate growth over the forecast period. 


Recent Developments


July 2021- Borealis, an Austrian plastics group, has introduced the commercializing of its nitrogen business in a probable 500-600 million euros, i.e., over USD591-USD709 mln deal, as it looks out to regulate operations.
The firm is operating with Barclays regarding the sale of the Nitro business that consists of its technical nitrogen, melamine, and fertilizer operations and could attract suitors such as Fertiberia, Agrofert, Acron, Eurochem, and OCI, they said.

November 2021- the second melamine plant of Metafrax Chemicals has taken another stance forward in the direction of realization with the inking of an agreement with Casale in Moscow, Russia, in November 2021 for the final stage of the whole project, such as covering the implementation of engineering, purchasing of all materials and construction. Reportedly the second project is set to be functional by the year 2025 and will be completely incorporated with the large complex that includes adding to a substantial revamping of the existing methanol plants, the first melamine plant, a urea plant, and an ammonia plant, and also a CO2 recovery unit, with Casale as EP contractor.

Metafrax, with this latest facility with a capacity of 40 000 tpy, will double the manufacturing capacity in a year.

In April 2019 Prefere Resins Holding GmbH has agreed to acquire INEOS Melamines & Paraform Business, which is currently a part of the INEOS Enterprises portfolio. Prefere Resins is a European market leader in the development, production, and sale of phenolic and specialty amino resins.


Intended Audience


This report will be beneficial for every stakeholder of the melamine market such as :



  • Manufacturers of melamine materials.

  • Research and Development Institutes.

  • Traders and Suppliers

  • Potential Investors

  • End-user Industries


Report Overview


This report provides an in-depth analysis of the melamine market in terms of current value and future forecast. It has detailed information about the problems and prospects of the given market. Moreover, technological analysis of the product will greatly help in knowing the product better and in decision making.


This report contains a detailed analysis of every segment of the g


Melamine market for the current forecast period. This report has also highlighted the key players and the current developments in the melamine market. 



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   2022-2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019-2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Forms, Application, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Haohua Junhua Group Co, Ltd.(China), OCI Nitrogen (Netherlands), BASF SE (Germany), Cornerstone Chemical Company (U.S.), Qatar Melamine Company (Qatar), Sichuan Golden Elephant Chemical (China), Mitsui Chemicals, Inc. (Japan), NISSAN CHEMICAL INDUSTRIES. LTD. (Japan), Methanol Holdings (Trinidad) Limited (U.S.), and Borealis AG (Austria).
  Key Market Opportunities   Laminates find a wide application in housing, construction, and electrical applications.
  Key Market Drivers   Thermoset plastics application of melamine is one of the major drivers of the global melamine market.


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Frequently Asked Questions (FAQ) :

The rising demand from major end-user industries such as building and construction, furniture, automotive owing to the favorable properties of melamine is driving the growth of the melamine market.

The Asia Pacific is the largest regional market for melamine. Rapid Urbanisation and industrial development in this region are the driving factors behind the growth of the melamine market.

Laminates hold the largest market share of the global melamine market owing to better physical and mechanical properties such as waterproofing, heat resistance, durability, etc.

The major global companies playing a key role in the melamine market are : ● Haohua Junhua Group Co, Ltd.(China) ● OCI Nitrogen (Netherlands) ● BASF SE (Germany) ● Cornerstone Chemical Company (U.S.) ● Qatar Melamine Company (Qatar) ● Sichuan Golden Elephant Chemical (China) ● Mitsui Chemicals, Inc. (Japan) ● Nissan Chemical Industries. LTD. (Japan) ● Methanol Holdings (Trinidad) Limited (U.S.) ● Borealis AG (Austria)