Melamine Market SWOT Analysis Of Top Key Player Forecasts To 2023 Melamine Market - Global Industry Analysis, Size, | Page 2

From among various applications of melamine such as adhesives and sealants,
laminates, molding compounds, paints & coatings, and others such as flame
retardants, concrete plasticizers, textile resins, and paper finish, laminates will
contribute the highest towards the growth of the melamine market. The laminates
segment was also leading in the past and shall continue to do so, at the fastest
pace. Melamine-based adhesives are also likely to see a high demand in the coming
years as they are being used extensively in panel laminations, hotline fixing of car
seats, headlamps, and various other interior component assemblies in the
automotive industry.
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Asia Pacific to Emerge as Lucrative Market for Melamine between 2015
and 2023
On the basis of geography, Asia Pacific accounted for 50% of the market in 2014,
trailed by Europe. The thriving construction industry in the region on account of
rapid industrialization, high population, and a rise in the disposable income are
benefitting the melamine market in Asia Pacific. Some of the leading countries
supporting the growth of the market in the region are India, China, Malaysia, New
Zealand, and Indonesia.
European melamine market is also expected to witness a growth on account of the
shift of production of wood based panels and laminated from the western part to the
eastern part of Europe. Countries contributing significantly to the growth of the
melamine market in Europe include, Turkey, Poland, and Russia. It is expected that
North America will witness a sluggish growth in the coming years, in contrast to
Latin America, which is anticipated to witness a higher demand for melamine in
paper finish applications and also for laminates.
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