Melamine Market Share, Size, Trends, Industry Analysis Report By Type; By Application; By End-Use (Construction, Automotive, Chemical, Textiles, Others); By Region, Segment Forecast, 2022 - 2030

Melamine Market Share, Size, Trends, Industry Analysis Report By Type; By Application; By End-Use (Construction, Automotive, Chemical, Textiles, Others); By Region, Segment Forecast, 2022 - 2030

The global melamine market size is expected to reach USD 2,578.4 million by 2030 according to a new study by Polaris Market Research. The report “Melamine Market Share, Size, Trends, Industry Analysis Report By Type; By Application; By End-Use (Construction, Automotive, Chemical, Textiles, Others); By Region, Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Melamine is a natural chemical that is frequently mixed with formaldehyde to generate this resin, a synthesized material that is fire and heat-resistant. Increasing the application of products for flooring, whiteboards, flame retardant materials, tableware, and industrial filters is expected to boost the product demand over the forecast period.

Furthermore, a rise in investments in research & development, as well as a growth in need from developing markets, are expected to generate lucrative possibilities for the industry throughout the projection period. The construction end-use segment is expected to hold the largest industry share over the forecast period due to increasing global construction activities. Increasing demand for construction applications including laminates, wood adhesives, surface coatings, concrete plasticizers, molding compounds, and others are expected to fuel the segment growth.