Transparency Market
Research
Melamine Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
Published Date
02-Dec-2015
127 Page Report
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Press Release
High Demand for Laminates to Drive Global Melamine Market to
US$2.49 bn by 2023 : TMR
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Melamine Market
REPORT DESCRIPTION
Melamine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Melamine is a key organic chemical used in the manufacture of laminates and decorative panels. It readily
reacts with formaldehyde to produce melamine-formaldehyde (MF) resins. These resins are widely used in a
broad range of applications such as adhesives, molding compounds, surface coatings, paper treatments,
textiles, and flame retardants. Robust growth in the global building and construction industry is projected to
drive the global melamine market from 2015 to 2023. Furthermore, rising importance of lightweight vehicles
with lower emissions and increased fuel efficiency is another key driver for the melamine market from 2015 to
2023. Melamine resins are used in the production of adhesives, which have further applications in automotive
production and assembly. Volatility in urea prices and increasing consumer concerns toward formaldehyde
emission from melamine-based molding compounds are key inhibitors of the market. However, melamine
foams are anticipated to offer growth opportunities as they exhibit high sound absorption capacity and possess
an intrinsic property of flame retardancy. The melamine market faces partial threat from various substitutes
such as liquefied wood, soy, and powder coatings in different end-use applications; however, complete
substitution is still not prevalent.
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