Melamine Market, Business Opportunities, Leading Players, COVID-19 Overview, Industry Statistics, Revenue and Future Investments 2023
Research Reports
Dec 29, 2020
Market Research Future (MRFR) report on the global melamine market is an exclusive research that provides a comprehensive overview of the market. The study covers the COVID-19 analysis on the global melamine market and offers a detailed overview of market segments, current trends, growth forecasts, and market challenges from 2017 to 2023 (forecast period) to identify the current market opportunities.
Melamine is a white crystalline substance that belongs to the family of heterocyclic organic compounds. It contains 66% by weight of nitrogen. Melamine is coupled with formaldehyde to produce melamine formaldehyde by condensation polymerization. Melamine formaldehyde resins or melamine resins are durable, hard, glossy, and have a high resistance to heat, moisture, stain and wear.
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Market Dynamics
Melamine resins are commonly used for the creation of laminates. Laminates are very suitable for decoration and protection purposes. Laminates are widely used in housing, construction, and electrical applications and therefore have a positive impact on the growth of the global melamine market. Melamine resins are also used as a wood adhesive and are used in hardwood, plywood, particleboard, and medium-density laminate bonding and contribute significantly to the growth of the global melamine market. In addition, melamine resins are extremely thermosetting and can be formed into several products for our everyday lives. Final thermoset plastics include household appliances such as kitchenware, food containers, utensils, electrical sockets, and many more. Thermoset plastics application of melamine is one of the main drivers of the global melamine market and is predicted to continue to grow in the forecast period due to large-scale consumer preferences. Melamine resin is also used to produce variety of surface coatings, enamels, and automotive paint additives. It includes clear finishes for paper, fabrics, wood, and metals.
In addition, melamine resin coatings help to reduce solvent emissions in the automotive sector and therefore have a positive impact on the environment. Melamine serves an essential role in a wide variety of flame-resistant materials due to high percentage nitrogen in upholstery fabrics and firefighter’ uniforms, thermal liners, heat-resistant gloves, and aprons. In addition, sulfonated melamine formaldehyde (SMF) is a polymer used as a cement mixture to reduce the water content of concrete, resulting in a lower porosity of concrete and higher mechanical strength. Melamine resins are used in various textile applications to enhance wrinkle resistance in cotton and cotton-synthetic blends. These are often used to handle banknotes and wallpapers to provide resistance to rub, wrinkle, and moisture. Melamine can also be shaped into foam structures with a distinctive pore structure that is incredibly strong. It can be used as insulation and soundproofing in buildings, suspended baffles, acoustic panels, and metal ceiling panels and as a cleaning abrasive.
Melamine is safe for normal use, but food products that are contaminated with melamine may be unsafe for consumption. For example, according to WHO, melamine was found in wheat gluten, and rice protein concentrated exported from China and used in the production of pet food in the United States, which resulted in the death of many dogs and cats to kidney failure. Melamine is toxic when ingested, inhaled, or absorbed through the skin. Chronic exposure can induce cancer or reproductive damage. It’s also an eye, skin, and respiratory irritant. Growing consumer worries about the formaldehyde emission of melamine-based thermoset plastics, such as dinnerware and food containers, are likely to impede the growth of the market.
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Market segmentation
The global market for melamine is segmented by form, application, and end-user industry.
Based on the product type, the global melamine market is segmented into melamine resin, melamine foam, and others.
Based on the application, the global melamine market is segmented into laminates, wood adhesives, thermoset plastics, surface coating, and others.
Based on the end-user industry, the global melamine market can be segmented into construction, chemical industry, textile industry, automotive industry, and others.
Regional Analysis
Regionally, the global melamine market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The Asia Pacific is the global market leader. China is the largest and fastest-growing market in the Asia Pacific, both in production and consumption, due to the massive real estate industry. Other countries, such as India, Indonesia, Japan, and Malaysia, are expected to see substantial growth due to growing demand from the construction industry. In addition, increasing disposable income and changing lifestyles are also expected to fuel the regional melamine market.
Europe is the second-largest melamine market in the world. The growth of the market is powered by residential construction, renovation, and the robust automotive industry. Increased residential and renovation activities are anticipated to experience a high demand for laminate-based furniture and storage cabinets for kitchen, bathroom, and wood adhesives.
The Middle East is expected to exhibit steady growth for melamine due to the government’s ongoing infrastructural projects, mainly in Qatar and the U.A.E., to the flourishing tourism industry. The melamine market in North America is relatively mature and is estimated to remain the same during the review period 2017-2023.
Latin America is expected to show slow growth due to the gradual overall development of the region.
Key Players
Some of the significant participants operating in the global melamine market are OCI Nitrogen (Netherlands), Sichuan Golden Elephant Chemical (China), BASF SE (Germany), Methanol Holdings (Trinidad) Limited (U.S.), Cornerstone Chemical Company (U.S.), Haohua Junhua Group Co, Ltd. (China), Qatar Melamine Company (Qatar), Mitsui Chemicals, Inc. (Japan), NISSAN CHEMICAL INDUSTRIES. LTD. (Japan), and Borealis AG (Austria).
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