United States, Rockville MD, June 22, 2022 (GLOBE NEWSWIRE) — As per a new report by Fact.MR, a market research and competitive intelligence provider, the global melamine formaldehyde market is currently valued at US$ 645.1 million and projected to expand at a high CAGR of 6.5% over the forecast period (2022 to 2032). The market registered 4.8% CAGR between 2017 and 2021.
The paints and coatings industry’s rising need for melamine formaldehyde is likely to provide profitable opportunities for market players. The market’s rise may also be ascribed to the paint and coatings industry’s rapid expansion, which is being fueled by rising building activity around the world. Furthermore, the increased need for high-performance coatings and paints is expected to boost melamine formaldehyde market growth.
For Critical Insights we Melamine Formaldehyde Market, Request has Sample Report
Over the forecast period, rising consumption of melamine formaldehyde in the automotive industry is predicted to provide significant market opportunities. Ornamental laminates for car interiors, lightweight polyurethane foam for automobile door insulation, and vulcanized rubber tires are all made with it. As a result, new applications of melamine formaldehyde in the automotive industry are expected to boost market growth over the coming years.
Which Market Changes are expected to Benefit Melamine Formaldehyde Suppliers?
“High Consumption of Melamine Formaldehyde in Construction Industry as Concrete Plasticizer”
The construction industry’s rapid expansion is a major driver boosting the melamine formaldehyde market growth. It is employed in the construction of high-rise skyscrapers and other long-lasting constructions as a concrete plasticizer.
When combined with wood waste products, which are frequently used in the construction industry, helps to meet green building criteria. As a result, an increase in the construction industry is likely to boost melamine formaldehyde market growth.
“High Demand for Melamine-formaldehyde Resins from Furniture Industry”
The wood and furniture sector is a key consumer of melamine-formaldehyde resins, and the worldwide melamine-formaldehyde resins market is likely to rise in tandem with that of the wood and furniture industry.
Over the forecast years, the market is likely to be driven by rising demand and applications for melamine formaldehyde. Furthermore, technical advances in this area, as well as increased usage in the packaging industry, are expected to enhance the market in the future years.
To learn more about Melamine Formaldehyde Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7499
Key Segments Covered in the Melamine Formaldehyde Industry Survey
- Melamine Formaldehyde Market by Form:
- Liquid Melamine Formaldehyde
- Powder Melamine Formaldehyde
- Melamine Formaldehyde Market by End Use:
- Wood Adhesives
- Molding Powders
- Other End Uses
The melamine formaldehyde market is fairly fragmented, with both, large and small competitors participating in this space.
To improve their position in this market, major players are using a variety of organic and inorganic growth tactics such as mergers and acquisitions, new product development, investments, collaborations, partnerships, alliances, and others.
Get Customization on Melamine Formaldehyde market Report for Specific Research Solutions
Key players in the Melamine Formaldehyde market
- BASF SE
- Arclin Inc.
- Prefere Resins Holding GmbH
- Georgia Pacific Chemicals
- Qatar Melamine Company
- Chimica Pomponesco SpA
- Allnex Belgium NV
Key Takeaways from Melamine Formaldehyde Market Study
- Wood adhesives are estimated to account for a market share of 23.3% in 2022, accounting for a sales value of US$ 150.4 million.
- In terms of geography, North American consumers are predicted to spend the most on melamine formaldehyde products, and the market is expected to hold around 31.4% of the global market share in 2022.
- Key market players are expected to focus on collaborations & partnerships to enhance their market stance.
Fact.MR’s Domain Expertise in Chemicals and Materials Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore Fact.MR’s Coverage on the Chemicals and Materials Domain-
Ethylene Bis Stearamide EBS-Market– The global ethylene bis stearamide (EBS) market size is witnessing prolific growth and is expected to expand at a steady CAGR of around 5% from 2021 to 2031, with manufacturers emphasizing on both, natural as well as synthetic amide waxes across prominent industrial application segments .
Industrial Floor Coatings Market– According to Fact.MR’s analysis, the market for industrial floor coatings is expected to reach nearly US$ 7 billion by 2031, expanding at a CAGR of around 3% throughout the forecast period.
Aerospace Coatings Market– Aerospace Coatings Market is predicted to increase at a CAGR of 6% from 2021 to 2031, reaching USD 2.0 billion from USD 1.4 billion. Increased demand for aerospace coatings from various end users, such as commercial aviation, military aviation, and general aviation, is driving the aerospace coatings market.
Dyes and Pigments Market– The global dyes and pigments market size is expected to reach US$ 38 billion by 2031. The dyes and pigments market is projected to grow at a moderate CAGR of over 3% during the forecast period.
Hydrophobic Coatings Market– According to Fact.MR’s hydrophobic coatings industry analysis, the market is expected to witness sales of over 10,000 tons in 2021, and increase at a CAGR above 5% to top 13,000 tons by 2031.
Thermal Ceramics Market– The global thermal ceramics market revenue totaled approximately US$ 4 Billion in 2020, according to Fact.MR. The overall thermal ceramics landscape is expected to reach nearly US$ 6 Billion by 2031. Sales of thermal ceramic fibers will accelerate, surpassing US$ 3 Billion by the end of the decade.
Film Adhesives Market– Newly released data from the film adhesives market analysis concludes that demand expanded at a CAGR of over 2% from 2016 to 2020. In 2020, the market enjoyed a valuation of over US$ 1 Bn, which is expected to nearly double to reach around US $2 Bn by 2031.
Automotive Ceramics Market– The market for automotive ceramics experienced steady growth until 2020, closing in at approximately US$ 2 Bn amid high deployment across several automotive allied industrial domains, most notably across electronics manufacturing. A new forecast by Fact.MR anticipates demand for automotive ceramics to expand 1.4X from 2021 to 2031.
Solid State Battery Market– In 2020, the global Solid State Battery Market were valued at US$ 56.9 million. At around 30% CAGR, projected market growth during 2021 – 2031 is expected to be significantly higher than previous years.
Biofuels Market– Newly-released biofuels industry analysis by Fact.MR reveals that global revenue from the sales of biofuels in 2020 was US$ 134 Bn. The industry is likely to expand at a CAGR of 4.8% during 2021 – 2031.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Phone: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter