Melamine Market - Global Industry Analysis and Forecast 2015 – 2023

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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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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.

Browse the full Melamine Market for Adhesives & Sealants, Laminates, Molding...