Melamine Formaldehyde Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Melamine Formaldehyde Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2166
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Market Overview:

The global melamine formaldehyde market size reached 1,344.2 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach 1,771.5 Kilo Tons by 2027, exhibiting a growth rate (CAGR) of 4.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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 2022-2027. Our report has categorized the market based on product type, grade, application and end-use industry.

Breakup by Product Type:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units ‘000 Tons
Segment Coverage Product Type, Grade, Application, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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), and Nissan Chemical Industries Ltd.
Customization Scope 10% Free Customization
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Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Melamine Formaldehyde Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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