Technology

Melamine Market – China Haohua Chemical Group Co.,Ltd; OCI Nitrogen; BASF SE; Cornerstone; Qatar Melamine Company; Golden elephant chemical; Mitsui Chemicals, Nissan Chemical Corporation

Melamine market growth

The statistical and numerical data such as facts and figures are signified very properly in the Melamine report by using charts, tables or graphs. Details about competitive landscape plays very important role in deciding about the enrichments required in the product already in the market or the future product. In addition, Melamine market report analyzes the market status, market share, current trends, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. To formulate this Melamine report in an outstanding manner, most up-to-date and advanced tools and techniques have been utilized so that client achieves maximum benefits.

Global Melamine Market is expected to register a steady CAGR of 3.59% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the expansion of areas of application of melamine, especially growth in demand for melamine-based foam.

Melamine is a type of chemical compound that finds its application in a number of industrial and consumer goods & services. These organic compounds are utilized in the production of various laminates, dinnerware, coatings, flame retardants, adhesives and various others. It is characterized as having a white crystalline form.

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Market Drivers:

  • High levels of growth associated with the construction industry which is expected to foster the market growth
  • High levels of demand from the automotive industry; this factor is expected to boost the growth of this market
  • Growth of demand from wood adhesives and laminates application acts as a market driver
  • High levels of disposable income and changes in preferences and lifestyles of consumers also propels the market growth

Segmentation: Global Melamine Market

By Form

  • Melamine Resin
  • Melamine Foam
  • Others

By Application

  • Laminates
  • Wood Adhesives
  • Molding Compounds
  • Thermoset Plastics
  • Surface Coating
  • Paints
  • Others
    • Flame Retardants
    • Textile Resins
    • Concrete Plasticizers
    • Paper Finish
    • Others

By End-User Industry

  • Construction
  • Chemical Industry
  • Textile Industry
  • Automotive Industry
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

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Key Developments in the Market:

  • In April 2019, INEOS announced that they had agreed for the sale of their melamine and paraform business to Prefere Resins Holding GmbH. The agreement for the sale of businesses in the INEOS group was for INEOS Melamines & INEOS Paraform for U.S.A., Germany and Indonesia regions. This agreement will ensure better focus on the advancement of these businesses and help Prefere Resins in complementing their strategic growth
  • In April 2017, Mitsui Chemicals, Inc. announced that they had restarted their melamine plant situated in Osaka, Japan providing 40000tonnes of melamine annually. The plant was halted for upgradation and repairing a technical fault restricting the achievement of plant’s entire production capacity

Competitive Analysis:

Global melamine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of melamine market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Market Competitors:

Few of the major competitors currently working in the global melamine market are China Haohua Chemical Group Co.,Ltd; OCI Nitrogen; BASF SE; Cornerstone; Qatar Melamine Company; Golden elephant chemical; Mitsui Chemicals, Inc.; Nissan Chemical Corporation; Methanol Holdings (Trinidad) Limited; Borealis AG; ECEC; Grupa Azoty Zakłady Azotowe “Puławy” S.A.; Prefere Resins Holding GmbH; GSFC Ltd; Hexion and Xinji JiuYuan chemical industry Co., Ltd. among others.

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About the author

Mary Horton

Mary Horton

Mary is Sr.journalist to Indian Col , Her Vast Experience Makes her a successful business journalist.

Mary Has a good knowledge of Stock Markets.

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