North America Melamine Formaldehyde Market Size, Share & Trends Analysis Report By Form (Powder, and Liquid), By Application (Laminates, Wood Adhesives, Surface Coatings, Molding Compounds, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Melamine Formaldehyde Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 318.44 Kilo Tonnes, showcasing a growth of 3.9% (2019-2022).
The market is witnessing a surge in the development of eco-friendly variants of melamine formaldehyde (MF). Companies focus on creating formulations that meet stringent environmental regulations, reduce emissions, and offer products with improved sustainability credentials to cater to the demand for greener materials. Ongoing research and development efforts are leading to innovative applications of MF beyond traditional uses. This includes exploring new formulations, coatings, and functional additives to expand their utility across electronics, healthcare, and aerospace industries.
Industries are increasingly demanding high-performance materials with enhanced properties. Manufacturers are innovating to develop MF-based materials that offer superior durability, improved heat resistance, better chemical stability, and advanced functionalities to meet industry-specific requirements. Additionally, the demand for fire-retardant materials and heat-resistant products across industries, especially in the construction and automotive sectors, drives the research and development of MF-based materials with improved fire-resistant properties. These emerging trends in the market reflect a shift towards sustainability, innovation, market diversification, and enhanced product performance.
Rising disposable incomes in North America increase consumer spending on home improvement and lifestyle products. This trend is driving the demand for MF-based products in the region. In this region, Mexico has a rapidly growing consumer goods sector driven by urbanization, a rising middle-class population, and increasing consumer spending. Melamine tableware is gaining demand in America. Melamine tableware is widely used in commercial settings such as restaurants, cafeterias, and catering services due to its durability and cost-effectiveness. The U.S. food service industry's growth has driven the demand for melamine tableware in these settings. Thus, the region presents lucrative growth prospects for the growth of the market.
The US market dominated the North America Melamine Formaldehyde Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $578 million by 2030. The Canada market is experiencing a CAGR of 6.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.4% during (2023 - 2030).
Based on Form, the market is segmented into Powder, and Liquid. Based on Application, the market is segmented into Laminates, Wood Adhesives, Surface Coatings, Molding Compounds, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- BASF SE
- Georgia-Pacific LLC (Koch Industries, Inc)
- INEOS Group Holdings S.A.
- Mitsui Chemicals, Inc.
- Sprea Misr (Egypt Kuwait Holdings)
- Pacific Texchem Private Limited
- Prefere Resins Holding GmbH
- Hexzachem Sarawak Sdn Bhd (Hexza Corporation Berhad)
- Arclin, Inc.
- Allnex GMBH (PTT Global Chemical Public Company Limited)
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Powder
- Liquid
- Laminates
- Wood Adhesives
- Surface Coatings
- Molding Compounds
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Melamine Formaldehyde Market, by Form
- 1.4.2 North America Melamine Formaldehyde Market, by Application
- 1.4.3 North America Melamine Formaldehyde Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Melamine Formaldehyde Market, By Form
- 4.1 North America Powder Market, By Country
- 4.2 North America Liquid Market, By Country
- Chapter 5. North America Melamine Formaldehyde Market, By Application
- 5.1 North America Laminates Market, By Country
- 5.2 North America Wood Adhesives Market, By Country
- 5.3 North America Surface Coatings Market, By Country
- 5.4 North America Molding Compounds Market, By Country
- 5.5 North America Others Market, By Country
- Chapter 6. North America Melamine Formaldehyde Market, By Country
- 6.1 US Melamine Formaldehyde Market
- 6.1.1 US Melamine Formaldehyde Market, By Form
- 6.1.2 US Melamine Formaldehyde Market, By Application
- 6.2 Canada Melamine Formaldehyde Market
- 6.2.1 Canada Melamine Formaldehyde Market, By Form
- 6.2.2 Canada Melamine Formaldehyde Market, By Application
- 6.3 Mexico Melamine Formaldehyde Market
- 6.3.1 Mexico Melamine Formaldehyde Market, By Form
- 6.3.2 Mexico Melamine Formaldehyde Market, By Application
- 6.4 Rest of North America Melamine Formaldehyde Market
- 6.4.1 Rest of North America Melamine Formaldehyde Market, By Form
- 6.4.2 Rest of North America Melamine Formaldehyde Market, By Application
- Chapter 7. Company Profiles
- 7.1 BASF SE
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
- 7.2 Georgia-Pacific LLC (Koch Industries, Inc.)
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 INEOS Group Holdings S.A.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 SWOT Analysis
- 7.4 Mitsui Chemicals, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 Sprea Misr (Egypt Kuwait Holdings)
- 7.5.1 Company Overview
- 7.6 Pacific Texchem Private Limited
- 7.6.1 Company Overview
- 7.7 Prefere Resins Holding GmbH
- 7.7.1 Company Overview
- 7.8 Hexzachem Sarawak Sdn Bhd (Hexza Corporation Berhad)
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental Analysis
- 7.9 Arclin, Inc.
- 7.9.1 Company Overview
- 7.10. Allnex GMBH (PTT Global Chemical Public Company Limited)
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
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