The Global Market for Melamine is Forecast to Reach 1900 Thousand Tons by 2020

Resurgence in Construction and Automotive Industries to Drive the Global Melamine Market, According to a New Report by Global Industry Analysts, Inc.
                                                                                                
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Melamine market. The global market for Melamine is forecast to reach 1900 thousand tons by 2020, driven by the improving growth fundamentals in the construction and automotive end-use industries, supportive government regulations, and increasing public awareness regarding the benefits of Melamine.

With the continuous improvement in macroeconomic scenario globally, the demand for melamine is expected to gain momentum. Demand for melamine is reliant on the number of construction projects and automotive production trends. The market is primarily driven by the use of melamine in wide ranging end-use applications including laminates, adhesive resins, coatings, dinnerware, sports, and flame-retardants. While in developed countries, demand is fostered by the recovery in housing construction activity, in developing economies rapid urbanization and development of mega cities are expected to spur opportunities in the construction sector.

Laminates account for about 50% of melamine consumption. A key factor driving the adoption of laminate flooring is its cost-advantage over other types of flooring products, including wood, ceramics, and vinyl. The growth in the laminate flooring market is also attributed to the development of advanced designs, easy installation, and relative ease in maintenance. Laminate flooring also represents an eco-friendly flooring option. Improving global GDP, and recovery in residential and commercial construction sectors are expected to stimulate sales in the global laminate flooring market. New housing and replacement markets are the two largest markets for laminate flooring.

As stated by the new market research report on Melamine, Asia-Pacific represents the largest and the fastest growing market worldwide. Technological advancements and rapid industrialization trends have contributed considerably to increased interest in laminate flooring products in the region. China is one of the bright spots in Asia-Pacific where consumption of melamine is expected to benefit from the strong demand in the construction sector. China continues to hold its presence as an undisputed leader in the global melamine market, in terms of production capacity, total output, and consumption of Melamine. However, overcapacity of Melamine in China has created challenges for manufacturers, as capacity utilization remains low. Despite facing overcapacity issues, Chinese melamine market is expected to witness growth with the country remaining the largest consumer and exporter of melamine.

Key players covered in the report include Allnex Belgium S.A., BASF SE, Borealis AG, Chemiplastica SpA, Chemisol Italia SRL, Chimica Pomponesco S.p.A, Chongqing Jian Feng Chemical Co., Ltd., Cornerstone Chemical Co., Eurotecnica, Georgia-Pacific LLC, Haohua Junhua Group Co., Ltd, Hexion Specialty Chemicals, Inc., Hexza Corporation Berhad, INEOS Melamines GmbH, Jinan Xiangrui Chemical Co., Ltd., Kronospan Limited, Methanol Holdings Trinidad Ltd, Mitsui Chemicals, Inc., Nissan Chemical Industries Ltd., OCI Melamine, Sichuan Golden Elephant Chemical Co., Shandong Liaocheng Luxi Chemical Sale Co., Ltd., Shandong Shuntian Chemical Group Co., Ltd., Shandong Sanhe Chemical Co., Ltd., Tianjin Kaiwei Chemical Co., Ltd., Qatar Melamine Company, and Group Azoty Zaklady Azotowe "Pulawy" SA among others.

The research report titled “Melamine: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, end-use application analysis, mergers and  acquisitions, and other strategic industry activities of global companies.  The report provides market estimates and projections for major geographic markets, including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Turkey, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). End-use segments analyzed in the report include Surface Coatings, Laminates and Wood Adhesives.


Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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