Melamine Market Overview:
Melamine resins are also used as a wood adhesive and have application in bonding hardwood, plywood, particleboard, and medium density fibreboard with laminates and is substantially contributing to the growth of global melamine market.
Melamine formaldehyde resins or melamine resins are hard, durable, glossy, and exhibit strong resistance to heat, moisture, stain, and wear. Melamine is a white crystalline substance belongs to the family of heterocyclic organic compounds. It contains 66% of nitrogen by mass.
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Melamine Market Key Players:
Melamine Market are;
• Haohua Junhua Group Co, Ltd. (China)
• OCI Nitrogen (Netherlands)
• BASF SE (Germany)
• Cornerstone Chemical Company (U.S.)
• Qatar Melamine Company (Qatar)
• Sichuan Golden Elephant Chemical (China)
• Mitsui Chemicals, Inc. (Japan)
• NISSAN CHEMICAL INDUSTRIES. LTD. (Japan)
• Methanol Holdings (Trinidad) Limited (U.S.)
• Borealis AG (Austria)
Melamine Market Regional Analysis:
Melamine market is spanned across five regions namely North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Asia Pacific is leading the global market. China is the largest and the fastest growing market in Asia Pacific, both in terms of production and consumption due to a huge real estate market. Other countries such as India, Japan, Indonesia, and Malaysia are also expected to witness a significant growth due to rising demand from the construction industry. Additionally, rising disposable income and changing lifestyle are also expected to boost the regional melamine market.
The Middle East is expected to show steady growth for melamine due to ongoing infrastructural projects taken up by government mainly in Qatar & U.A.E to flourish tourism industry Melamine market in North America is relatively mature and is expected to remain the same over the review period 2018-2023.
Latin America is expected to show sluggish growth. Due to slow overall development of the region.
Melamine Market Segmentation:
Melamine Market is segmented by form, application, end-user industry, and region.
On the basis of the product type, the global melamine market is segmented into melamine resin, melamine foam, and others.
On the basis of the application, the global melamine market is segmented into laminates, wood adhesives, thermoset plastics, surface coating, and others.
On the basis of the end-user industry, the global melamine market can be segmented into construction, chemical industry, textile industry, automotive industry, and others.
On the basis of the regions, the global melamine market is segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America.
Melamine Market Table of Content to be Continue….,
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