Target Audience of Melamine Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Melamine Market Report provides key statistics on the market status of the Melamine Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
The global melamine market is estimated to register a CAGR of 4.5% during the forecast period 2018-2023. Asia-Pacific to lead the market accounting for more than half of the share, supported by the growing construction industry in the region. By application, laminates are to dominate the market.
Growing Construction Industry Driving the Market
Melamine is majorly used in laminates, molding components, surface coatings, adhesives, etc. The usage of these products in the construction industry is of great importance. The other feature of melamine, which makes it the best option for the construction industry is its water-resistant property. 2017 was marked as a great year for the global construction industry supported by improvement in technology and infrastructure spending and is expected to continue in the coming years. With the ongoing growth in the demand for prefabricated structures, which is making construction process easy and less time consuming, the market for melamine is expected to grow at a healthy rate.
Laminates to Continue to be the Major Application
Laminates find their application in products including furniture, floors, countertops, kitchen cabinets, and walls. Laminates are found to be the largest application for melamine and are expected to continue the dominance through the forecast period. The factor that is driving the adoption of laminate flooring is its cost advantage over other flooring products. The other attributes for the growth of laminate flooring are the easy installation, low maintenance, innovative designs, etc. The ongoing recovery in the residential and commercial construction sectors would drive the growth of the market.
Asia-Pacific to Lead among Other Regions
Asia-Pacific is the largest and the fastest growing market for melamine. In the region, China holds a strong position with large production capacity and consumption. The market for melamine in the region is driven by the increasing demand from the construction sector. Melamine consumption in wood panels and laminates is to increase owing to propelling demand in the domestic and global market. China is estimated to remain the prime market for melamine during the forecast period due to the growing real estate market.
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Major companies covered in this Report:
- BASF SE
- Borealis AG
- Cornerstone Chemical Company
- East China Engineering Sciene & Technology Co. Ltd. (ECEC)
- Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP)
- Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
- INEOS Group
- Methanol Holdings (Trinidad) Limited (MHTL)
- Mitsui Chemicals Inc.
- Momentive Specialty Chemicals Inc.
- Nissan Chemical Industries Ltd.
- OCI Melamine
- Qatar Melamine Co.
- Shanxi Fenghe Melamine Co.
- Sichuan Chemical Holdings Co. Ltd.
Reasons to Purchase the ReportTo understand the impact of increasingly stringent regulations on the market.Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.To understand the trends in the industries related to the applications of melamine through the forecast period.Identify the countries expected to witness the fastest growth during the forecast period.Identify the latest developments, market shares, and strategies employed by the major market players.3-month analyst support along with the Market Estimate sheet (in Excel).
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This Melamine market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Melamine market.