Global Melamine Formaldehyde Market, By Application (Tableware, Laminates, Paints & Coatings, Adhesives, Sanitary ware, Electrical & Household appliances, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
The Global Melamine Formaldehyde Market accounted for USD 3.68 billion in 2017 and is projected to grow at a CAGR of 10.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Melamine Formaldehyde Market
Melamine formaldehyde is derived from the polymerization of melamine and formaldehyde. It is a hard thermosetting plastic that is a highly versatile synthetic polymer which exhibits a range of properties such as high structural stability, high resistance to heat & fire than that compared to polypropylene and polyvinyl chloride.
There is a growing demand for melamine formaldehyde in tableware, laminates, paints & coatings, adhesives, sanitary ware, electrical & household appliances activates, which is expected to be one of the major drivers of the market over the next seven years.
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Major Market Drivers:
- Growth in construction sector
- Growth of the furniture sector
- High demand in China
- Demand in packaging sector
- Market Restraint:
- Volatility of raw material prices
- Stringent regulations
Market Segmentation: Global Melamine Formaldehyde Market
On the basis of application, the market is segmented into tableware, laminates, paints & coatings, adhesives, sanitary ware, electrical & household appliances and others.
On the basis of geography, the melamine formaldehyde market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape: Global Melamine Formaldehyde Market
The global melamine formaldehyde market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Melamine Formaldehyde Market
Some of the major players in melamine formaldehyde market Allnex, BASF SE, Chemiplastica, Hexza Corporation Berhad, INEOS Melamines, Chemisol Italia, Chimica Pomponesco, Eternal Resin, EUROTECNICA Contractors and Engineers, Hexion, Georgia-Pacific Chemicals, Mitsui Chemicals, Qatar Melamine. and many more.
Research Methodology: Global Melamine Formaldehyde Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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