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Growth of Melamine Formaldehyde Market by Industry, Manufacturers, Regions and Application 2018-2022

Upsurge in furniture and construction industries, increase in disposable income in the emerging economies, and increased focus of government bodies on controlled formaldehyde emission are the prime factors that propel the demand for melamine formaldehyde. However, availability of substitutes at lesser cost have the potential to hamper the market growth during the forecast period.

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Growth of Melamine Formaldehyde Market by Industry, Manufacturers, Regions and Application 2018-2022

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Growth of Melamine Formaldehyde Market by Industry, Manufacturers, Regions and Application 2018-2022 Global Opportunity Analysis and Industry Forecast, 2016-2023

  2. MELAMINE FORMALDEHYDE MARKET Melamine formaldehyde market stood at $410 million in 2015 and is expected to reach $655 million by 2022, registering a CAGR of 6.9% during 2016-2022, According to a new report published by Allied Market Research. Laminates dominated the market and is expected to continue this trend during the forecast period. Melamine formaldehyde is a thermal resistant polymer used in the manufacturing of laminates, decorative panels, wood adhesives, molding compounds, and as cross linking agent in surface coatings. The market is segmented based on applications and geography. The raw material for melamine formaldehyde comprise melamine, formaldehyde, alkalis, tetrahydrofuran, and other chemicals.

  3. MELAMINE FORMALDEHYDE MARKET The high demand for melamine formaldehyde in construction, automotive, and furniture industries is anticipated to drive the global melamine formaldehyde market during the forecast period. However, strict government regulations and fluctuation in cost of raw materials could hamper the market growth. Furthermore, melamine formaldehyde has replaced urea formaldehyde, creating another growth opportunity for this market. Melamine formaldehyde or melamine resin is formed via polymerization reaction of melamine and formaldehyde. It is known as one of the hardest polymer as it is a thermosetting plastic having net-like structure of cross-linked polymers. Melting and remolding is not possible, once it has undergone initial chemical change during processing. The main features of the plastic are its hardness, moisture resistance, thermal resistance, weather protection, and others. Furthermore, increase in demand for construction, furniture, packaging, automotive, and other end user industries in China fuel the growth of global melamine formaldehyde market. Free Sample Report: https://www.alliedmarketresearch.com/request-sample/265

  4. MELAMINE FORMALDEHYDE MARKET The report includes market segmentation on the basis of application and geography. By application, the melamine formaldehyde market is sub segmented into laminates, wood adhesives, molding compounds, surface coatings; and others including particleboards, overlay materials, and floor tiles. Among these, laminates segment dominated the market, followed by wood adhesives. However, the surface coating application witnessed a high growth rate due to augmentation in industries related to coatings.

  5. MELAMINE FORMALDEHYDE MARKET By geography, the melamine formaldehyde market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the global market, as it accounted for about half the share, both in terms of value and volume and is expected to continue this trend throughout the forecast period. This can be attributed to the high growth rate of end use industries. However, LAMEA was the fastest growing region with highest CAGR, in terms of both value and volume. North America Europe Asia-Pacific LAMEA

  6. MELAMINE FORMALDEHYDE MARKET • Key Benefits of the Melamine Formaldehyde Market Report: • It provides an extensive analysis of the factors that drive and restrict the market growth • It elucidates market projections and impacting factors, during the period, 2014‐ 2022 • It highlights quantitative and qualitative trends to assist the stakeholders understand the market scenario • It offers an in-depth analysis of the key segments of the market to demonstrate the consumption of melamine formaldehyde in different applications across various end user industries • It includes competitive intelligence to highlight the business practices adopted by the leading market players across various geographies Enquiry and Purchase Report: https://www.alliedmarketresearch.com/purchase-enquiry/265

  7. MELAMINE FORMALDEHYDE MARKET Asia-Pacific accounted for about half of the total melamine formaldehyde market, both in terms of revenue and volume and is expected to maintain its dominance during the forecast period. The upsurge in automotive demand and the massive growth in construction industry specifically in India, China, and other emerging countries employing the products of melamine formaldehyde have contributed significantly to the market growth. The key market players profiled in the melamine formaldehyde market report include Allnex Belgium SA/NV, BASF SE, Chemiplastica SA, Georgia-Pacific Chemicals LLC, Hexza Corporation Berhad, Hexion Inc., INEOS Group, Mitsui Chemicals Inc., Nissan Chemical Industries, Ltd., and Pacific Texchem Pvt. Ltd. Other players in the value chain include Eternal Resin Co. Ltd., Dover Chemical Corporation, OCI Nitrogen B.V., Jiangsu Tianxin Chemical Co., Ltd., Arclin, Inc., ChimicaPomponesco S.p.A, Chang Chun Group, Chemisol Italia S.R.L., and DIC Corporation.

  8. MELAMINE FORMALDEHYDE MARKET Contact:Shriram Dighe5933 NE Win Sivers Drive#205, Portland, OR 97220United StatesToll Free: +1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: +1⟨855⟩550-5975help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com

  9. MELAMINE FORMALDEHYDE MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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