公開日:2022/05/07 / 最終更新日:2022/05/07

The global Melamine Market size is evaluated at 1,600. 47 kilo metric tons in 2020 and is projected to register a CAGR of ~4. 28% throughout the forecast period (2021-2026). The market was negatively impacted by COVID-19 in 2020.

December 23, 2021 07:29 ET | Source: ReportLinker ReportLinker Lyon, FRANCE

New York, Dec. 23, 2021 (GLOBE NEWSWIRE) — Reportlinker.com pronounces the discharge of the report “Melamine Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06028510/?utm_source=GNWOwing to the pandemic state of affairs, the development and automotive manufacturing activities had been at a temporary halt throughout the government-imposed lockdown, which had negatively impacted the demand for development materials reminiscent of laminates, paints and coatings, and wooden adhesives. Thus, this led to a decrease in the demand in the melamine market during 2020. However, the construction business is recovering quick and is estimated to rise in the coming years, which is able to stimulate the demand in the melamine market.

Key Highlights

Over the quick term, the rising demand for laminates, coatings, and wood adhesives from the development industry is anticipated to drive the market’s progress.

On the flip aspect, the availability of substitutes, like liquefied wooden, soy, and powder coatings, is expected to hinder the expansion of the market studied.

However, the increasing trend of melamine-based mostly foams is likely to act as a chance in the future.

Asia-Pacific dominated the market internationally, with the biggest consumption from nations similar to China and India.

Key Market Trends

Laminates Segment to Dominate the Market

Melamine resins are the polymers of selection used within the outer or decorative layer of laminates, as well as in the manufacture of counter and tabletops, kitchen cabinets, flooring, furniture, etc.

Melamine resins impart hardness, transparency, stain resistance, freedom from discoloration, and overall durability. For this application, the resin, which is used to saturate the overlay or decorative sheet, is prepared by reacting approximately two moles of formaldehyde per mole of melamine.

Phenolic resin prices lower than melamine-formaldehyde resin. However, it is brown-yellow and non-clear, therefore, not suitable for surface layer applications. Melamine formaldehyde resin is extensively used because it is evident, transparent, and wear-resistant and often serves as a surface dipping material.

Melamine laminated sheet is in a multilayer structure, together with surface paper, decoration paper, and backside paper. The floor paper is to guard patterns and designs on the decorative paper, to make the surface brighter, solider, and harder, and to offer it with better wear and corrosion resistance.

Melamine laminated sheet has superior heat-resistant properties, as it’s made from the setting plastic. It doesn’t get softened, cracked, or bubbled at a temperature over 100°C. It is properly resistant to ironing and fireplace.

These sheets are commonly applied to the floor decoration paper tasks of partitions, columns, tabletops, furnishings, suspended ceilings, and many others.

China is one in every of the biggest producers of floor laminates and (Ready-to-assemble) RTA furniture worldwide. Moreover, the manufacturing capacity of China, by way of laminate boards, can also be rapidly increasing. A mixture of positive elements stimulates China’s laminate flooring gross sales. With the better standard of residing and the people’s desire for elegant life, laminate flooring sees a rising share in the flooring business of China.

The United States can be one of many world’s largest development industries. In line with the US Census Bureau, the whole private building in the United States was valued at USD 11,07,920 million in 2020, registering a development rate of about 5.85% in comparison with USD 10,46,693 million in 2019. Thus, this led to an increase in the demand for laminates, wooden adhesives, and paints and coatings, which,in flip, stimulates the demand within the melamine market.

Therefore, the aforementioned components are expected to show a major impression on the melamine market in the coming years.

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region dominated the global market share. With growing construction activities and the increasing demand for laminates, wood adhesives, and paints and coatings in countries akin to China, India, and Japan, the utilization of melamine is growing in the area.

In Asia-Pacific, China occupy the main marketplace for melamine of the regional market share. Despite the risky growth in the true property sector, the numerous development of rail and highway infrastructure by the Chinese authorities, to be able to withstand the expanding industrial and repair sectors, has resulted in vital development of the Chinese development trade in recent years.

China accounted for more than one-fourth of the global coatings market presently. Based on the China National Coatings Industry Association, the trade has registered a development of 7% via current years. In 2019, the construction of at the very least ten giant coatings investment projects in China was reported publicly. Nippon has been tapping into this market situation by upgrading its coatings production process in its new plants in China. ?

In China, the government rolled out massive development plans, together with making provisions for the motion of 250 million people to its new megacities, over the following ten years. Furthermore, in response to the National Bureau of Statistics of China, the development industry in China was valued at about USD 1,049 billion in 2020. It is estimated to achieve roughly USD 1,117 billion by 2021, registering a progress rate of about 6.5%.

Furthermore, the whole new building in Japan was accounted for about 127.Fifty five million square meters in 2019 and reached about 113.Seventy four million square meters in 2020, with a decline fee of about 10.5%. Thus, this led to a decrease within the consumption of development supplies like laminates, wooden adhesives, melamine paper and paint and coatings, which, in flip, negatively impacts the demand for the regional melamine market.

Construction is India’s second-largest business, with a GDP contribution of about 9%. It’s predicted to emerge because the third-largest market on this planet, with a value of virtually USD 1 trillion by the tip of the forecast period. ??

Furthermore, In the residential segment, the government planned considerable initiatives in the following few years. Its Housing for All initiative goals to construct greater than 20 million inexpensive houses for the city poor by 2022. ?

As the development trade is dominated by state-owned enterprises, increased government spending is boosting the business in the nation. This scenario could concrete the demand for melamine materials in the future.

Therefore, the aforementioned elements are expected to point out a significant affect available on the market in the approaching years.

Competitive Landscape

The global melamine market is fragmented, and decoration paper the top 5 players account for a market share of round 40% of the total production capacity. These companies include OCI NV, Borealis AG, Prefere Resins Holding GmbH, Grupa Azoty, and decoration paper Henan Xinlianxin Chemicals Group Co., Ltd, amongst others.

Additional Benefits:

The market estimate (ME) sheet in Excel format

3 months of analyst assist

Read the total report: https://www.reportlinker.com/p06028510/?utm_source=GNW

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