Global Melamine Market: Key Highlights
- The global demand for melamine is likely to reach cross US$ 2.8 Bn by 2027 with a CAGR of more than 4% from 2019-2027. Demand for melamine is largely attributed to strong growth in the global construction industry and rising demand for lightweight and low-emission automotives.
- Melamine readily reacts with formaldehyde to produce melamine-formaldehyde (MF) resins. Several other types of melamine resins include melamine-urea-formaldehyde (MUF), hexamethoxymethyl, etherified melamine, and melamine pyrophosphate.
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- MF resins are widely employed in the manufacture of laminated wooden panels. These resins exhibit strong resistance to heat, stain, abrasion, and chemical reaction; thus, these are extensively employed in construction applications such as remodeling, furniture, and specialties laminates for electrical applications.
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Global Melamine Market: Drivers and Opportunities
- Rapid urbanization, increase in disposable income, and rise in standard of living are key factors contributing to robust growth of the building and construction industry. This is one of the key drivers for the melamine market.
- Melamine foams exhibit high sound absorption capacity and possess an intrinsic property of flame retardancy. As a result, these foams are used in buildings, acoustic panels, suspended baffles, and metal ceiling panels.
- Few companies such as BASF SE, OWA Sonex, and Zhong Yuan Da Hua Co. Ltd are engaged in the production of flexible melamine foams. These foams are employed in several applications in industries such as construction, transportation, and consumer products (including cleaners).
- Melamine resins are also used in the production of adhesives that are largely employed in panel laminations, hotline fixing of car seats, headlamps, trim, and other interior component assemblies in the automotive industry. Thus, rising importance of lightweight vehicles with lower emissions and increased fuel efficiency is expected to eliminate the usage of fixtures such as screws, nuts, and clamps in automotive assembling.
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Global Melamine Market: Drivers and Opportunities
- Rapid urbanization, increase in disposable income, and rise in standard of living are key factors contributing to robust growth of the building and construction industry. This is one of the key drivers for the melamine market.
- Melamine foams exhibit high sound absorption capacity and possess an intrinsic property of flame retardancy. As a result, these foams are used in buildings, acoustic panels, suspended baffles, and metal ceiling panels.
- Few companies such as BASF SE, OWA Sonex, and Zhong Yuan Da Hua Co. Ltd are engaged in the production of flexible melamine foams. These foams are employed in several applications in industries such as construction, transportation, and consumer products (including cleaners).
- Melamine resins are also used in the production of adhesives that are largely employed in panel laminations, hotline fixing of car seats, headlamps, trim, and other interior component assemblies in the automotive industry. Thus, rising importance of lightweight vehicles with lower emissions and increased fuel efficiency is expected to eliminate the usage of fixtures such as screws, nuts, and clamps in automotive assembling.
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