Melamine Market SWOT Analysis Of Top Key Player Forecasts To 2023 Melamine Market - Global Industry Analysis, Size,

Melamine Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015
- 2023
Global Melamine Market: Snapshot
The global melamine market is driven mainly by the thriving construction and
building industry. Another key factor propelling the growth of the melamine market
across the globe is the increase in the demand for lightweight automotives so as to
ensure low emissions, keeping environmental concerns in mind. Melamine
formaldehyde (MF) resins are extensively used for the manufacturing of laminated
wooden panels as these resins possess several beneficial characteristics such as
resistance to heat, abrasion, stains, and chemical reaction. According to a report
published by Transparency Market Research (TMR), the global melamine market is
anticipated to be worth US$2.49 bn by 2023 and exhibit a modest growth during the
forecast period.
View Report @ http://www.transparencymarketresearch.com/melamine-
market.html
Growth in Building Industry Driving Global Melamine Market
Melamine is being used in textile resins, laminates, molding compounds, adhesives,
surface coatings, flame retardants, and paper treatments, and thus the demand for
melamine is expected to continue throughout the forecast period. The rising
standard of living and rapid urbanization in many of the developing nations is
propelling the construction and building industry, which in turn is boosting the
demand for melamine. Melamine is water resistant and hard, which makes them
useful in the construction industry.
Melamine Foams to Create Growth Opportunities in Future
Some of the factors challenging the growth of this market include price fluctuation
of the raw materials required for melamine and growing concerns regarding the
emission of formaldehyde from the various melamine-based molding compounds.
On a positive note however, melamine foams are projected to offer several growth
opportunities for the melamine market. This is because melamine foams have the
intrinsic property of flame retardancy. In addition to this, these foams have high
capacity to absorb sound, which is also expected to drive their demand for use in
suspended baffles, buildings, metal ceiling panels, and acoustics panels.
Laminates Segment to Continue to Lead in Melamine Market