The global melamine market was valued at $1.7 billion in 2020, and is projected to reach $2.5 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.
Melamine is a German word, which originated by merging two words “melam” and “amine”. Just a few decades ago, melamine was introduced to the world. It was discovered by the U.S. army during the First World War in 1917, and then rest of the world start using melamine and the trend spread very quickly across the globe. Melamine is organic with the formulas C3H6N6. This white solid is a trimer of cyanamide with nitrogen gas when burned or charred. Melamine can be merged with formaldehyde and other agents through a chemical process to produce melamine resins.
Globally, the rise in demand for melamine, owing to its durability, hard nature, glossiness, and strong resistance to heat, moisture, stain, & wear properties, from end-use industries such as building and construction, automotive, food & beverage, and textile applications is estimated to drive the market growth. Increase in usage of melamine resin for the production of wood adhesive and application in bonding medium density fiberboard & hardwood with laminates substantially contribute to the melamine market growth. Moreover, the surge in usage of melamine resins and melamine foams in high resistance concrete, thermoset plastics, and carbon nanotubes is estimated to drive the melamine industry growth during the forecast period.
However, harmful effects of melamine due to their toxicity are expected to hamper the growth of the melamine market during the forecast period. Furthermore, growth in demand for decorative laminates is expected to provide growth opportunities for the melamine market during the forecast period.
The melamine market size is segmented on the basis of type, application, and region. By type, it is analyzed across melamine foam and melamine resin. By application, it is segmented into laminates, thermoset plastics, wood adhesives, surface coatings, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players that operate in the global melamine market include Haohua Junhua Group Co, Ltd., OCI Nitrogen, BASF SE, Cornerstone Chemical Company, Qatar Melamine Company, Sichuan Golden Elephant Chemical, Mitsui Chemicals, Inc., Nissan Chemical Industries. Ltd., Methanol Holdings Limited, and Borealis AG.
Melamine is a German word, which originated by merging two words “melam” and “amine”. Just a few decades ago, melamine was introduced to the world. It was discovered by the U.S. army during the First World War in 1917, and then rest of the world start using melamine and the trend spread very quickly across the globe. Melamine is organic with the formulas C3H6N6. This white solid is a trimer of cyanamide with nitrogen gas when burned or charred. Melamine can be merged with formaldehyde and other agents through a chemical process to produce melamine resins.
Globally, the rise in demand for melamine, owing to its durability, hard nature, glossiness, and strong resistance to heat, moisture, stain, & wear properties, from end-use industries such as building and construction, automotive, food & beverage, and textile applications is estimated to drive the market growth. Increase in usage of melamine resin for the production of wood adhesive and application in bonding medium density fiberboard & hardwood with laminates substantially contribute to the melamine market growth. Moreover, the surge in usage of melamine resins and melamine foams in high resistance concrete, thermoset plastics, and carbon nanotubes is estimated to drive the melamine industry growth during the forecast period.
However, harmful effects of melamine due to their toxicity are expected to hamper the growth of the melamine market during the forecast period. Furthermore, growth in demand for decorative laminates is expected to provide growth opportunities for the melamine market during the forecast period.
The melamine market size is segmented on the basis of type, application, and region. By type, it is analyzed across melamine foam and melamine resin. By application, it is segmented into laminates, thermoset plastics, wood adhesives, surface coatings, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players that operate in the global melamine market include Haohua Junhua Group Co, Ltd., OCI Nitrogen, BASF SE, Cornerstone Chemical Company, Qatar Melamine Company, Sichuan Golden Elephant Chemical, Mitsui Chemicals, Inc., Nissan Chemical Industries. Ltd., Methanol Holdings Limited, and Borealis AG.
COVID-19 Analysis
- According to the International Monetary Fund (IMF), owing to the outbreak of novel coronavirus (COVID-19), the global economy shrunk by 3.0% in 2020. Many countries were under strict lockdowns, which forced several sectors to shut down their operations. This halted manufacturing activities and reduced the demand and production of melamine.
- According to the United Nations Industrial Development Organization (UNIDO), the Micro, Small & Medium Enterprises (MSME) sector across developing economies, such as India, has been worst affected due to the COVID-19 outbreak and the lockdown imposed thereafter. This declined the demand for melamine from various end-use industries such as building & construction, automotive, and paints & coatings. In addition, in the second half of 2020, some countries started to lift restrictions and gradually started business operations in various sectors. Even with gradual lifting of the lockdown, it is expected to be challenging for the manufacturing sector to get back to normal working conditions. This is expected to subsequently affect the melamine market growth in the coming years.
- According to the UNIDO, 30%-70 of pre-COVID-19 workforce of various manufacturing industries, such as automotive, building & construction, paints & coatings, and electrical & electronics, migrated back to their hometowns due to uncertainties and loss of income during the lockdown. This non-availability or less availability of workforce is expected to directly affect production activities of these industries, thereby resulting in decline in demand for melamine. This is expected to decline growth of the market during the forecast period.
- Attributed to the COVID-19 pandemic, the paints & coatings manufacturing units across various countries have been shut down amid lockdown imposed by governments of various countries across the globe. As a result, demand for melamine that are widely used in production of surface coatings has decreased significantly, which is expected to decline the growth of the market during the forecast period.
- Melamine is widely used in production of laminate used in the building & construction industry in items such as kitchen cabinets, countertops, partitions, flooring, and furniture. Owing to the outbreak of COVID-19, the construction of various residential projects was halted amid lockdown. As a result, the demand for melamine from laminates manufacturers across the globe declined.
Key benefits for stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The report outlines the current trends and future scenario of the global melamine market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- Major countries in major regions have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global melamine market study.
- The profiles of key players and with their key strategic developments are enlisted in the global melamine market report.
Key market segments
By Type
- Melamine Foam
- Melamine Resin
By Application
- Laminates
- Thermoset Plastics
- Wood Adhesives
- Surface Coatings
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.5. Patent analysis
CHAPTER 4: GLOBAL MELAMINE MARKET, BY TYPE
CHAPTER 5: GLOBAL MELAMINE MARKET, BY APPLICATION
CHAPTER 6: GLOBAL MELAMINE MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Haohua Junhua Group Co, Ltd.
- Oci Nitrogen
- Basf Se
- Cornerstone Chemical Company
- Qatar Melamine Company
- Sichuan Golden Elephant Chemical
- Mitsui Chemicals, Inc.
- Nissan Chemical Industries. Ltd.
- Methanol Holdings Limited
- Borealis Ag.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 306 |
| Published | December 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1.7 billion |
| Forecasted Market Value ( USD | $ 2.5 billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
