Albany, NY (July 07, 2014) (CULRAV.ORG) -
New Market Report "Melamine Formaldehyde Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global demand for the melamine formaldehyde was valued at USD 13.45 billion in 2012 and is expected to reach USD 20.62 billion in 2019, growing at a CAGR of 6.3% between 2013 and 2019.
Growing demand for melamine formaldehyde from end-use industries such as construction, furniture, textile, automobile and paper among others is expected to boost the overall market. In addition, the rising demand from China, especially for manufacturing secondary processed products has augmented the growth of melamine formaldehyde market. However, volatility of melamine prices which is an essential raw material required in manufacturing melamine formaldehyde is one of the crucial factors that is expected to hinder the growth of the market. The development of various technologies that help in cross-linking melamine formaldehyde with other chemicals is expected to boost the demand for melamine formaldehyde in paints and coatings which would be used especially in the automobile sector in the coming years. Thus, the growing automobile sector is expected to have an imperative effect on the growth of melamine formaldehyde market.
Browse Global Melamine Formaldehyde Market Report with Full TOC at http://www.transparencymarketresearch.com/melamine-formaldehyde-market.html
The laminate industry was the largest consumer of melamine formaldehyde in the last few years. Laminates manufactured using melamine formaldehyde offer high resistance to light, UV, fire and water making it highly suitable for wide range of applications. Laminates is expected to grow at a CAGR of 5.6% from 2013 to 2019. Adhesive was the second largest consumer of melamine formaldehyde in 2012. With the growth of construction and furniture industry there was an increase in the consumption of laminates and adhesives which in turn played...