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Published Date: 2015-12-02Number of Pages: 127

Melamine Market for Adhesives & Sealants, Laminates, Molding Compounds, Paints & Coatings, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Melamine Market: Snapshot 

The global melamine market is driven mainly by the thriving construction and building industry. Another key factor propelling the growth of the melamine market across the globe is the increase in the demand for lightweight automotives so as to ensure low emissions, keeping environmental concerns in mind. Melamine formaldehyde (MF) resins are extensively used for the manufacturing of laminated wooden panels as these resins possess several beneficial characteristics such as resistance to heat, abrasion, stains, and chemical reaction. According to a report published by Transparency Market Research (TMR), the global melamine market is anticipated to be worth US$2.49 bn by 2023 and exhibit a modest growth during the forecast period.

Growth in Building Industry Driving Global Melamine Market 

Melamine is being used in textile resins, laminates, molding compounds, adhesives, surface coatings, flame retardants, and paper treatments, and thus the demand for melamine is expected to continue throughout the forecast period. The rising standard of living and rapid urbanization in many of the developing nations is propelling the construction and building industry, which in turn is boosting the demand for melamine. Melamine is water resistant and hard, which makes them useful in the construction industry. 

Melamine Foams to Create Growth Opportunities in Future 

Some of the factors challenging the growth of this market include price fluctuation of the raw materials required for melamine and growing concerns regarding the emission of formaldehyde from the various melamine-based molding compounds. On a positive note however, melamine foams are projected to offer several growth opportunities for the melamine market. This is because melamine foams have the intrinsic property of flame retardancy. In addition to this, these foams have high capacity to absorb sound, which is also expected to drive their demand for use in suspended baffles, buildings, metal ceiling panels, and acoustics panels.

Laminates Segment to Continue to Lead in Melamine Market 

From among various applications of melamine such as adhesives and sealants, laminates, molding compounds, paints & coatings, and others such as flame retardants, concrete plasticizers, textile resins, and paper finish, laminates will contribute the highest towards the growth of the melamine market. The laminates segment was also leading in the past and shall continue to do so, at the fastest pace. Melamine-based adhesives are also likely to see a high demand in the coming years as they are being used extensively in panel laminations, hotline fixing of car seats, headlamps, and various other interior component assemblies in the automotive industry.    

Asia Pacific to Emerge as Lucrative Market for Melamine between 2015 and 2023

On the basis of geography, Asia Pacific accounted for 50% of the market in 2014, trailed by Europe. The thriving construction industry in the region on account of rapid industrialization, high population, and a rise in the disposable income are benefitting the melamine market in Asia Pacific. Some of the leading countries supporting the growth of the market in the region are India, China, Malaysia, New Zealand, and Indonesia. 

European melamine market is also expected to witness a growth on account of the shift of production of wood based panels and laminated from the western part to the eastern part of Europe. Countries contributing significantly to the growth of the melamine market in Europe include, Turkey, Poland, and Russia. It is expected that North America will witness a sluggish growth in the coming years, in contrast to Latin America, which is anticipated to witness a higher demand for melamine in paper finish applications and also for laminates.

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


 
 
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