Market Size of Melamine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 4.15 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Melamine-based Adhesives Market Analysis
The Melamine Market size is estimated at 1.87 Million tons in 2024, and is expected to reach 2.30 Million tons by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).
The melamine market was negatively impacted during the COVID-19 pandemic in 2020. The market improved in 2021. With construction and automotive manufacturing activities recovering from the lockdown, the demand for construction materials such as laminates, paints, and coatings, and wood adhesives increased. The construction industry is recovering rapidly and is estimated to grow further in the coming years, which may boost the demand for melamine.
- Over the short term, the rising demand for laminates, coatings, and wood adhesives from the construction industry is expected to drive the market's growth.
- The availability of substitutes like liquefied wood, soy, and powder coatings and increasing consumer concerns about formaldehyde emissions from melamine-based molding compounds are expected to hinder the market's growth.
- However, the increasing trend of melamine-based foams is likely to act as an opportunity in the future.
- Asia-Pacific dominates the market across the world, with the largest consumption from China and India.
Melamine-based Adhesives Industry Segmentation
Melamine is a nitrogen-rich organic chemical compound with the formula C3H6N6 that has several industrial and construction applications, including manufacturing glues, laminates, molding compounds, paints, and flame retardants. It can be manufactured commercially from two raw materials - urea and dicyandiamide. The melamine market is segmented by application and geography. By application, the market is segmented into laminates, wood adhesives, molding components, paints and coatings, and other applications. The report also covers the market size and forecast for the melamine market in 16 countries across major regions. For each segment, the market sizing and forecast have been done based on volume (kilo tons).
| Application | |
| Laminates | |
| Wood Adhesives | |
| Molding Compounds | |
| Paints and Coatings | |
| Other Applications (Flame Retardants and Textile Resins) |
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Melamine Market Size Summary
The melamine market is poised for steady growth over the forecast period, driven by the recovery of the construction and automotive sectors post-pandemic. The demand for melamine is expected to rise due to its extensive use in construction materials such as laminates, paints, coatings, and wood adhesives. Despite challenges posed by the availability of substitutes and concerns over formaldehyde emissions, the market is likely to benefit from the increasing adoption of melamine-based foams. The Asia-Pacific region, particularly China and India, dominates the global market, with significant consumption driven by robust construction activities and infrastructure development.
Melamine resins are integral to various applications, providing durability and resistance in products like countertops, kitchen cabinets, and flooring. The market's growth is supported by large-scale construction projects and economic initiatives in regions like China and India, which are expected to boost demand for melamine-containing products. The market is characterized by fragmentation, with major players holding a significant share of production capacity. Recent developments, such as Borealis AG's strategic decisions and Eurotecnica's expansion plans, indicate ongoing investments and potential shifts in the market landscape.
Melamine Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Strong Demand from the Construction Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Increasing Consumer Concerns About Formaldehyde Emission from Melamine-based Molding Compounds
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1.2.2 Availability of Substitutes, like Liquefied Wood, Soy, and Powder Coatings
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Feedstock Analysis and Trends
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1.6 Production Process
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1.7 Import-export Trends
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1.8 Price Trends
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1.9 Patent Analysis
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1.10 Regulatory Policy Analysis
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Application
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2.1.1 Laminates
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2.1.2 Wood Adhesives
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2.1.3 Molding Compounds
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2.1.4 Paints and Coatings
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2.1.5 Other Applications (Flame Retardants and Textile Resins)
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Russia
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2.2.3.6 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Melamine Market Size FAQs
How big is the Melamine Market?
The Melamine Market size is expected to reach 1.87 million tons in 2024 and grow at a CAGR of 4.15% to reach 2.30 million tons by 2029.
What is the current Melamine Market size?
In 2024, the Melamine Market size is expected to reach 1.87 million tons.
