Market Research Global Melamine Market Analysis 2018

The global melamine market is estimated to register a CAGR of 4.5% during the forecast period
2018-2023. Asia-Pacific to lead the market accounting for more than half of the share, supported
by the growing construction industry in the region. By application, laminates are to dominate the
market.
Growing Construction Industry Driving the Market
Melamine is majorly used in laminates, molding components, surface coatings, adhesives, etc.
The usage of these products in the construction industry is of great importance. The other feature
of melamine, which makes it the best option for the construction industry is its water-resistant
property. 2017 was marked as a great year for the global construction industry supported by
improvement in technology and infrastructure spending and is expected to continue in the
coming years. With the ongoing growth in the demand for prefabricated structures, which is
making construction process easy and less time consuming, the market for melamine is expected
to grow at a healthy rate.
Get sample copy of this research report at
https://www.marketinsightsreports.com/reports/0417446035/global-melamine-market-
segmented-by-application-and-geography-growth-trends-and-forecasts-2018-2023/inquiry
Laminates to Continue to be the Major Application
Laminates find their application in products including furniture, floors, countertops, kitchen
cabinets, and walls. Laminates are found to be the largest application for melamine and are
expected to continue the dominance through the forecast period. The factor that is driving the
adoption of laminate flooring is its cost advantage over other flooring products. The other
attributes for the growth of laminate flooring are the easy installation, low maintenance,
innovative designs, etc. The ongoing recovery in the residential and commercial construction
sectors would drive the growth of the market.
Asia-Pacific to Lead among Other Regions
Asia-Pacific is the largest and the fastest growing market for melamine. In the region, China
holds a strong position with large production capacity and consumption. The market for
melamine in the region is driven by the increasing demand from the construction sector.
Melamine consumption in wood panels and laminates is to increase owing to propelling demand
in the domestic and global market. China is estimated to remain the prime market for melamine
during the forecast period due to the growing real estate market.
Notable Developments in the Market
February 2018: Cornerstone Chemical Company announced price increase for melamine.
July 2017: H.I.G. Capital, a leading global private equity investment firm, announced that one of
its affiliates has entered into a definitive agreement to sell its portfolio company, Cornerstone
Chemical Company, to an affiliate of Littlejohn & Co., LLC.
Major players include- BASF SE, Borealis AG, OCI Melamine, Cornerstone Chemical
Company, and Hexion Specialty Chemicals, Inc., amongst others.
Get full access to this report at
https://www.marketinsightsreports.com/reports/0417446035/global-melamine-market-
segmented-by-application-and-geography-growth-trends-and-forecasts-2018-2023
Reasons to Purchase the Report