Global Melamine Market: Snapshot

The global melamine market is growing at a fast pace with the rising number of applications. The advent of new and innovative products is expected to enhance the market growth in the next few years. Moreover, the growing demand for melamine from the automotive sector for the production of light-weight vehicles is considered as another key factor estimated to encourage the growth of the global melamine market in the coming few years.

In 2014, the global market for melamine was worth US$1.72 bn and is projected to reach a value of US$2.49 bn by the end of 2023. The market is expected to exhibit a healthy 4.30% CAGR between 2015 and 2023.

High Rate of Urbanization to Drive Global Melamine Market

The global melamine market is growing at a high rate, thanks to the growing demand from the building and construction sector. The rising number of benefits of making use of melamine is estimated to enhance the market growth in the near future. In addition, the high rate of urbanization and the increasing spending capacity of consumers, particularly in emerging economies are projected to propel the growth of the global melamine market in the next few years. On the other hand, the changing prices of raw materials is expected to restrict the growth of the global melamine market in the near future. Nonetheless, the emergence of melamine foams is estimated to offer growth opportunities for the market players in the coming few years.

The global melamine market has been categorized on the basis of application into laminates, paints and coatings, adhesives and sealants, moldings, compounds, and others. Among the above segments, the laminates segment is projected to hold a large share of the global melamine market and lead in the next few years. Furthermore, the adhesives and sealants segment is expected to observe a significant growth in the coming few years. With the rising research activities, the number of applications of melamine is likely to increase in the near future.

Development of Construction Sector to Drive Asia Pacific Melamine Market

Currently, Asia Pacific holds a major share of the global melamine market and is expected to maintain its topmost position in the next few years. The strong growth of this region can be attributed to the rapid development of the construction industry. In addition to this, the tremendously increasing population and the high rate of industrialization are some of the other factors that are accelerating the market growth. Furthermore, Europe is projected to hold the second position in the global melamine market in the coming years. The rising contribution from Russia, Poland, and Turkey is expected to accelerate the market growth in the coming years.

The global melamine market is considered to have a competitive environment with a few players operating worldwide. The rise in the number of players that are predicted to enter the market is projected to strengthen the overall competitive landscape of the market in the next few years. The increasing number of mergers and acquisitions is likely to support market growth in the near future. Some of the leading players engaged in the melamine market across the globe are Cornerstone Chemical Company, Borealis AG, Methanol Holdings (Trinidad) Limited (MHTL), BASF SE, Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP), OCI N.V., Xinji Jiuyuan Chemical Co., Ltd., and Qatar Melamine Company (QMC).

Melamine is a key organic chemical used in the manufacture of laminates and decorative panels. It readily reacts with formaldehyde to produce melamine-formaldehyde (MF) resins. These resins are widely used in a broad range of applications such as adhesives, molding compounds, surface coatings, paper treatments, textiles, and flame retardants. Robust growth in the global building and construction industry is projected to drive the global melamine market from 2015 to 2023. Furthermore, rising importance of lightweight vehicles with lower emissions and increased fuel efficiency is another key driver for the melamine market from 2015 to 2023. Melamine resins are used in the production of adhesives, which have further applications in automotive production and assembly. Volatility in urea prices and increasing consumer concerns toward formaldehyde emission from melamine-based molding compounds are key inhibitors of the market. However, melamine foams are anticipated to offer growth opportunities as they exhibit high sound absorption capacity and possess an intrinsic property of flame retardancy. The melamine market faces partial threat from various substitutes such as liquefied wood, soy, and powder coatings in different end-use applications; however, complete substitution is still not prevalent. 

This report estimates and forecasts the melamine market on the global, regional, and country level. The study provides forecast from 2015 to 2023 based on volume (Kilo Tons) and revenue (US$ Mn).

The study provides a comprehensive view of the melamine market by dividing it into applications such as adhesives & sealants, laminates, molding compounds, paints & coatings, and others. These application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes current and forecast demand for melamine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). In addition, a country-level analysis with respect to volume and revenue for application segments has been provided in the report. Key countries such as the U.S., France, the U.K., Spain, Germany, Italy, Japan, China, ASEAN, Brazil, GCC, and South Africa are included in the study. A detailed market segmentation further includes demand for above-mentioned applications in all regions and countries.

The report includes a detailed value chain analysis, which provides a comprehensive view of the market. This section of the report provides detailed information about value addition at each stage of the value chain in the melamine market. The report comprises drivers and restraints for the melamine market along with their support data during the forecast period. Additionally, the report comprises the study of opportunities in the melamine market from 2015 to 2023.

The report includes Porter’s Five Forces Model to measure the degree of competition in the melamine market. The study includes a separate section of qualitative write-up on market attractiveness analysis, in which application segments has been analyzed. Furthermore, the report also provides a price trend analysis for melamine from 2010 to 2030 in US$/Ton.

Secondary research sources that were typically referred to include, but were not limited to company websites, annual reports, investor presentations, financial reports, SEC filings, and broker reports. Other sources such as internal and external proprietary databases, news articles, national government documents, statistical databases and market reports, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further developed the analysis team’s expertise and market understanding.

The report covers detailed competitive outlook that includes market share and profiles of key participants operating in the global market. Key players profiled in the report include Borealis AG, BASF SE, Cornerstone Chemical Company, Gujarat State Fertilizers & Chemicals Ltd. (GSFC), Mitsui Chemicals Inc., Methanol Holdings (Trinidad) Limited (MHTL), Nissan Chemical Industries Ltd., OCI N.V., Qatar Melamine Company (QMC), and Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP). Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments and acquisitions, and financial overview.

This report segments the global melamine market as follows:

Melamine Market – Application Analysis

  • Adhesives & sealants
  • Laminates
  • Molding compounds
  • Paints & coatings
  • Others (flame retardants, textile resins, concrete plasticizers, paper finish, etc.)

Melamine Market – Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa