Melamine Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2031
Melamine market is anticipated to grow at a considerable CAGR of 4.26% during the forecast period. With growing construction activities and the increasing demand for laminates, wood adhesives, and paints and coatings in countries such as China will be propelling the growth of the market. China accounted for more than one-fourth of the global coatings market presently. According to the China National Coatings Industry Association, the industry has registered a growth of 7% through recent years. Furthermore, according to the National Bureau of Statistics of China, the construction industry in China was valued at about USD 1,049 billion in 2020. It is estimated to reach approximately USD 1,117 billion by 2021, registering a growth rate of about 6.5%.
Rising acquisitions, product
approval, collaborations among the major players in the market also propel the
growth of the market. For instance, in December 2019, OCI NV, Dakota
Gasification Company and Dyno Nobel Enter into Exclusive Marketing Agreement for
DEF, Urea Liquor and Automotive Grade Urea in North America. This agreement
OCI’s and N-7’s continued commitment to expand their market presence in the DEF
and industrial urea markets in North America. Therefore, it will serve to
cement N-7’s position as a major supplier in the US. Additionally, it will also
provide geographic reliability to the growing DEF demand of N-7’s customers and
position N-7 as a dependable supplier in North America.
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Market Coverage
·
The market number available for – 2023-2031
·
Base year- 2023
·
Forecast period- 2024-2031
Segment Covered-
·
By Application
Regions Covered
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
Competitive Landscape- Borealis
AG, Prefere Resins Holding GmbH, Henan Xinlianxin Chemicals Group Co., Ltd, OCI
NV.
By Application
·
Laminates
·
Wood Adhesives
·
Molding Compounds
·
Paints and Coatings
·
Others Applications (Flame Retardants, Textile
Resins, etc.)
A full Report of Melamine Market is Available @ https://www.omrglobal.com/industry-reports/melamine-market
Melamine Market Report Segment by
Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East & Africa
Company Profiles
·
BASF SE
·
Borealis AG
·
Cornerstone Chemical Company
·
Grupa Azoty
·
Gujarat State Fertilizers & Chemicals
Limited (GSFC)
·
Prefere Resins Holding GmbH
·
Methanol Holdings (Trinidad) Limited (MHTL)
·
Mitsui Chemicals Inc.
·
Hexion
·
Nissan Chemical Corporation
·
OCI NV
·
Qatar Melamine Company
·
Sichuan Chemical Works Group Ltd
·
Henan Xinlianxin Chemicals Group Co. Ltd
·
Eurochem Group
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