Melamine Formaldehyde Market 2020 – Major Challenges, Lucrative Opportunities And Key Growth Of Global Industry

The global Melamine Formaldehyde market was valued at USD 3.32 billion in 2016 and is projected to reach USD 7.71 billion by 2025, growing at a CAGR of 9.8% from 2017 to 2025.

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Melamine formaldehyde is a hard thermosetting plastic derived from melamine and formaldehyde. The consumption of these kinds of plastic is expected to remain high in Asia Pacific owing to rising construction activity in the region..

Sample Infographics:

Market Dynamics:

1. Market Drivers

1.1 Rising demand from construction industry

1.2 Increasing consumption in packaging industry

2. Market Restraints

2.1 Low crude oil prices

2.2 Stringent environment regulations

Market Segmentation:

The global Melamine Formaldehyde market is segmented on the application and region.

1. By Application:

1.1 Coating

1.2 Laminates

1.3 Adhesives

1.4 Molding Powder

1.5 Others

2. By Region:

2.1 North America (U.S., Canada, Mexico)

2.2 Europe (Germany, UK, France, Rest of Europe)

2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)

2.4 Latin America (Brazil, Argentina, Rest of Latin America)

2.5 Middle East & Africa

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Competitive Landscape:

The major players in the market are as follows:

1. Borealis Agrolinz Melamine GmbH

2. BASF SE

3. Ineos Chemicals

4. Mitsui Chemicals

5. Allnex Belgium SA

6. Eurotecnica

7. Chimica Pomponesco SPA

8. Qatar Melamine Company

9. Hexza Corporation Board

10. Chemiplastica SPA

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