The global 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%.
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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.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Application
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Borealis AG, Prefere Resins Holding GmbH, Henan Xinlianxin Chemicals Group Co., Ltd, OCI NV.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
By Application
- Laminates
- Wood Adhesives
- Molding Compounds
- Paints and Coatings
- Others Applications (Flame Retardants, Textile Resins, etc.)
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Melamine Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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