Melamine Market Share, Size, Trends, Industry Analysis Report By Type; By Application; By End-Use (Construction, Automotive, Chemical, Textiles, Others); By Region, Segment Forecast, 2022 - 2030
- Published Date:Feb-2024
- Pages: 119
- Format: PDF
- Report ID: PM1542
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global melamine market was valued at USD 1,817.00 million in 2023 and is expected to grow at a CAGR of 6.0% during the forecast period.
Melamine is a versatile molecule that finds applications across various industries. It is synthesized and utilized in producing plastics, paints, laminates, fire retardants, textiles, paper coatings, and more.
Additionally, it is used in manufacturing automotive interior components, coatings, and adhesives, capitalizing on the growing automotive industry's need for lightweight and durable materials. The furniture industry also extensively utilizes melamine, particularly in producing decorative laminates and veneers, driven by urbanization and evolving lifestyle trends.
Furthermore, melamine-based resins play a significant role in creating food packaging materials, including melamine foam, due to the increasing emphasis on food safety and sustainable packaging solutions. The demand for melamine in these sectors is expected to rise as industries prioritize quality, performance, and environmental considerations.
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melamine is experiencing significant growth due to various factors. The rise in demand from the automotive industry is a key driver as manufacturers seek melamine for applications such as automotive coatings and adhesives. The increasing demand for wood adhesives and laminates also contributes to market growth. Factors like higher disposable income and changing consumer preferences and lifestyles drive the market forward.
However, the global market faced challenges during the COVID-19 pandemic, with disruptions in automotive manufacturing and reduced furniture exports. Nevertheless, as lockdown restrictions ease and trade exports improve, the demand for melamine is expected to rebound due to market growth. These factors indicate a positive outlook for melamine in the coming years.
Melamine is expected to witness revenue growth due to several factors. The increasing utilization of melamine as a strong and lightweight material in the automotive industry and rising demand from the packaging sector will drive market growth. Melamine is commonly used to produce food packaging materials such as plates, bowls, and cups due to its excellent resilience and heat and chemical tolerance. However, the COVID-19 pandemic has negatively impacted the demand for melamine due to lockdowns and government-imposed restrictions that led to industry closures.
Government regulations to reduce formaldehyde emissions from wood-based products will also grow market revenue. Melamine resins produce wood-based goods like MDF, particleboard, and plywood. Melamine is an ideal choice for complying with these regulations as it can effectively lower formaldehyde emissions from these products, ensuring compliance with government laws.
The increasing use of melamine in the automotive industry, demand from the packaging sector, and the need to comply with formaldehyde emission regulations in wood-based products are key drivers of market revenue growth.
Industry Dynamics
- Growth Drivers
- Rising Demand in Construction Industry
The demand for melamine is expected to increase in construction manufacturing, driven by its use in wood adhesives, interior designing, floor coatings, and laminating wooden panels. In the construction sector, melamine in concrete, specifically Superplasticizers (SMF), enhances workability and fluidity while reducing water requirements during handling and pouring. Melamine-based insulation foams are also utilized in commercial spaces like offices, restaurants, and educational institutions to provide acoustic solutions for room dividers, hanging baffles, ceiling tiles, and wall-mounted absorbers.
Melamine, as a thermosetting plastic, finds applications in the manufacturing of various products such as kitchenware, laminates, specialized paints, flame-retardant textiles and apparel, particleboards, floor tiles, and flexible urethane foam used for insulation in the construction industry. The growing adoption of lightweight plastic crockery items, driven by increasing disposable income, is expected to fuel the demand for melamine further.
However, the market growth may need to be revised due to stringent government regulations imposed by authorities. For example, the Food Safety and Standards Authority of India (FSSAI) changed its rules to include melamine level standards in baby formula and other food products, reflecting the concern for consumer safety and product quality. Compliance with such regulations may challenge the melamine market during the forecast period.
Report Segmentation
The market is primarily segmented based on type, application, end-use, and region.
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By Type |
By Application |
By End-Use |
By Region |
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By Type Analysis
- The melamine resins segment is expected to witness the fastest CAGR during the forecast period.
The Melamine resins segment is expected to witness the fastest CAGR during the forecast period, driven by the growing demand for laminated furniture and its wide-ranging applications in industries such as construction and automotive. Melamine resins are extensively used to produce various items, including kitchenware, laminates, tile floors, overlay materials, and particleboards.
Additionally, these resins can be altered into rigid foam structures with specific porous configurations. They find utility as insulators, soundproofing materials, and cleaning abrasives. The increasing awareness of these diverse applications of melamine resins is expected to further boost the growth of this segment during the forecast period.
By Application Analysis
- The Laminate segment held the largest market share in 2023
In 2023, the laminate segment held the largest market share, driven by its favorable properties such as affordability, low maintenance, high performance, and wide design choices. Melamine resin provides a durable and visually appealing finish to these typically lower-quality materials, contributing to increased laminate demand.
The wood adhesives segment is anticipated to experience steady growth over the forecast period. Melamine adhesives are known for creating strong bonds without causing damage to the surfaces being joined. By dispersing the bond's tension evenly across the surface, additives in melamine adhesives reduce the risk of pressure fractures induced by screws and other fasteners, further enhancing the appeal of these adhesives in the cabinet and woodworking industry.
By Regional Analysis
Asia Pacific accounted for the largest market share in 2023
In 2023, Asia Pacific accounted for the largest market share and maintained its dominance during the forecast period, primarily driven by the presence of key developing economies and the rapid urbanization witnessed in countries such as China and India. The region's thriving construction industry, fueled by rising disposable incomes and an improved standard of living, is also expected to contribute to the increased demand for melamine products. Additionally, China, one of the major consumers and manufacturers of industrial products, is projected to hold a significant market share throughout the forecast period.
Key Market Players & Competitive Insight
The melamine market is a dynamic and competitive industry characterized by a range of players contributing to the production, distribution, and innovation of melamine-based products. Melamine, a versatile chemical compound, is widely used in the production of resins, laminates, coatings, and flame retardants, among other applications. The market players in the melamine industry are engaged in continuous research and development, strategic collaborations, and expansion initiatives to gain a competitive edge.
Some major global players operating in the global market include:
Allnex Belgium S.A.
BASF SE,
Borealis AG
Chemiplastica SP
Cornerstone Chemical Company
Grupa Azoty
Haohua Junhua Group Co., Ltd.
Henan Zhongyuan Dahua Group Co Ltd.
Methanol Holdings (Trinidad) Limited
Mevion Medical Systems
Nissan Chemical Industries. Ltd.
Qatar Melamine Company
Sichuan Chemical Holdings Co. Ltd.
Sichuan Golden Elephant Chemical Co.
Xinji Jiuyuan Chemical Co. Ltd.
Recent Developments
- In February 2022, EuroChem offered to acquire Borealis AG's nitrogen, fertilizer, and melamine business. However, in March 2022, Borealis AG denied the offer. While the company rejected the offer, it remains open to exploring opportunities for its nitrogen business.
- In September 2022, Eurotecnica secured two significant contracts to construct high-pressure melamine plants. The contracts entail the implementation of plants with capacities of 60,000 tons and 80,000 tons per year, respectively.
Melamine Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 1,922.75 million |
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Revenue forecast in 2032 |
USD 3,064.56 million |
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CAGR |
6.0% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments Covered |
By Type, By Application, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
The global Melamine key market players include Qatar Melamine Company, Borealis AG, Cornerstone Chemical Company, Nissan Chemical Industries
The global melamine market is expected to grow at a CAGR of 6.0% during the forecast period.
Melamine Market report covering key segments are type, application, end-use, and region.
The key driving factors in Melamine Market are Increasing Demand in Construction Industry
The global melamine market size is expected to reach USD 3,064.56 million by 2032.
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