Market Analysis

The global Melamine Formaldehyde Market is expected to see a vigorous development during the forecast period (2022-2028) due to the rise in demand from different end-use market applications. The alluring properties of melamine formaldehyde such as the resistance to light, UV, fire and water is slated to help the overall market largely over the assessment period.

Key Players

Leading players profiled in the global melamine formaldehyde market include Borealis Agrolinz Melamine GmbH (Australia), Chemisol Italia s.r.l. (Italy), Hexza Corporation Berhad (Malaysia), Chemiplastica SPA (Italy), INEOS Melamines (the U.K.), Allnex group (Germany), Mitsui Chemicals, Inc (Japan), Hexion (the U.S.), Huntsman International LLC (the U.S.) and BASF SE (Germany).

July 2018- The world’s biggest high-pressure melamine complex is on stream. This initiative has been taken by Eurotecnica and this melamine technology combines lowest CAPEX and OPEX with total zero pollution.

Also known as Melamine or MF, Melamine formaldehyde is a thermosetting aminoplast that is durable, hard and versatile with good heat and fire resistance. It is created from the condensation of the two monomers, melamine and formaldehyde. Some of its valuable applications include paints, laminates, adhesives, glass reinforces substrates and electrical moldings.

Increased focus on controlled formaldehyde emission by government bodies, rise in the emerging economies disposable income and upsurge in construction and furniture industries are the key factors that are predicted to propel the growth of the global melamine formaldehyde market. The availability of substitutes at a cost-effective price may hamper the growth of the market over the assessment period. Urea formaldehyde has been replaced by melamine formaldehyde, thereby creating another opportunity for the growth of the global melamine formaldehyde market.

Market Segmentation

In Market Research Future (MRFR) report the global melamine formaldehyde market has been segmented on the basis of type and end-use.

Based on type, the market is segmented into methylated and non-methylated formaldehydes. Of these, the methylated formaldehyde has a major market share owing its growing use in textiles, coatings and other industries. It is anticipated that its increasing use in papermaking, nonwoven, textile, crosslinking and coating applications is projected to boost the market growth in the coming years.

Based on end-use, the global melamine formaldehyde market is segmented into chemicals, packaging, wood and furniture, electronics, construction and automotive. Of these, the construction sector grabs a major market share owing to the extensive use of melamine resins in molding, countertops, flooring and tiles.

The automotive sector is predicted to see a favorable market growth on account of growing replacement of heavy metals with light weight polymers. The packaging sector is fueled due to increased use of melamine formaldehyde in dairy product containers, chopsticks and dinnerware. Moreover, the chemical, wood furniture and electronics sector have been fueled by the exceptional features delivered by the product such as high standard, low density material and abrasion resistance.

Regional Analysis

Based on region, the global melamine formaldehyde market growth opportunities and latest trends across Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Of these, Asia Pacific leads the market owing to the increasing demand for melamine formaldehyde in different industries such as electronics, construction and automotive. The construction sector is anticipated to see a rapid market growth owing to formaldehyde resins’ increasing use in India, China and Japan.

The North American region witnessed a healthy growth in the melamine formaldehyde market on account of growing demand of formaldehyde resins in different end-use industries including plywood, paper, textiles and coatings. The packaging industry is predicted to see a notable CAGR in the melamine formaldehyde market due to increase in consumption of melamine resins, especially in beverage cans, board and jar lids. Owing to these factors, Mexico, Canada and the US are the key players in the North American region.

Europe has also witnessed a recognized progress in the melamine formaldehyde market on account of growing use of melamine resins in the automotive and construction industry for manufacturing products that are durable, of high standard, efficient and are low cost. Due to these factors, Germany has accounted for a notable share in the melamine formaldehyde market followed by the UK and Italy. The advancing technology along with the growing industrialization is predicted to boost the market growth over the assessment period.

The Latin American region is predicted to see a distinguished market development owing to the increase in consumption of formaldehyde resins in various industries such as wood and furniture, textiles, construction and automotive. Moreover, the Middle East & Africa is expected to see a favorable growth in the melamine formaldehyde market owing to growing investments in heavy end industries and high disposable income.

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