Melamine Formaldehyde Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global melamine formaldehyde market size reached 1,415 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 1,843 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
Melamine formaldehyde refers to a white, odorless and tasteless thermosetting plastic that hardens and strengthens upon heating. It is manufactured by the polymerization of formaldehyde with melamine and exhibits resistance against scratches, impact, moisture, heat and chemicals. In comparison to other thermoplastics, such as acetate, once melamine sets, it does not soften or melt and can retain its strength and shape upon reheating. It is commonly used in the production of laminates for surface walls, cabinets, sanitary ware, counters and household crockery items, such as cups, glasses, bowls and plates. It can also be converted into a foam with distinctive pore structures and used as an insulating and soundproofing material.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, a significant increase in the demand for melamine formaldehyde from various industries, such as construction, automotive, furniture, chemical and packaging, is providing a boost to the market growth. In line with this, in the construction industry, melamine formaldehyde is used for saturating decorative papers that are laminated under high heat and pressure. Owing to its various advantageous properties, such as thermal insulation and chemical resistance, it is also being used for manufacturing automobile interiors in the form of decorative laminates and surface coatings, which is acting as another growth-inducing factor. Other factors, including rapid urbanization, along with the utilization of melamine formaldehyde and bamboo mixture for producing environment-friendly products, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global melamine formaldehyde market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, grade, application and end-use industry.
Breakup by Product Type:
Methylated Formaldehyde
Non-Methylated Formaldehyde
Breakup by Grade:
Industrial Grade
Reagent Grade
Breakup by Application:
Laminates
Molding Powder
Paints
Surface Coatings
Adhesives
Thermal Insulation Foams
Others
Breakup by End-Use Industry:
Construction and Building
Packaging
Electronics
Wood and Furniture
Automotive
Chemicals
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Allnex Netherlands B.V., BASF SE, Borealis AG, Chimica Pomponesco S.p.A (Gruppo Frati S.p.A), Eurotecnica Contractors and Engineers S.p.A. (Proman Holding AG), Hexza Corporation Berhad, Georgia-Pacific Chemicals LLC, INEOS Capital Limited, Mitsui Chemicals, Hexion Inc. (Formerly- Momentive Performance Materials Holdings LLC), Nissan Chemical Industries Ltd., etc.
Key Questions Answered in This Report
1. What is the expected growth rate of the global melamine formaldehyde market 2023-2028?
2. What are the key factors driving the global melamine formaldehyde market?
3. What has been the impact of COVID-19 on the global melamine formaldehyde market?
4. What is the breakup of the global melamine formaldehyde market based on the grade?
5. What is the breakup of the global melamine formaldehyde market based on the application?
6. What is the breakup of the global melamine formaldehyde market based on the end-use industry?
7. What are the key regions in the global melamine formaldehyde market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Melamine Formaldehyde Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product Type
- 6.1 Methylated Formaldehyde
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Non-Methylated Formaldehyde
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Grade
- 7.1 Industrial Grade
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Reagent Grade
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Laminates
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Molding Powder
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Paints
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Surface Coatings
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Adhesives
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Thermal Insulation Foams
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 9 Market Breakup by End-Use Industry
- 9.1 Construction and Building
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Packaging
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Electronics
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Wood and Furniture
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Automotive
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Chemicals
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Others
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Indicators
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Allnex Netherlands B.V.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 BASF SE
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Borealis AG
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Chimica Pomponesco S.p.A (Gruppo Frati S.p.A)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 Eurotecnica Contractors and Engineers S.p.A. (Proman Holding AG)
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Georgia-Pacific Chemicals LLC
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Hexion Inc. (Formerly- Momentive Performance Materials Holdings LLC)
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Hexza Corporation Berhad
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 INEOS Capital Limited
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 Mitsui Chemicals
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Nissan Chemical Industries Ltd.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
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