melamine market

Melamine Market Share, Size, Trends, & Industry Analysis Report, By Type (Resin and Foam), By Application (Laminates, Wood, Adhesives, Molding Compounds, Paints & Coatings), By End-use (Construction, Automotive, OEM), By Regions and Segment Forecast, 2019 – 2026

  • Published Date: Mar 2019
  • Pages: 120
  • Format: PDF
  • Report ID: PM1542
  • Base Year: 2017
  • Historical Data: 2015-2016

Report Summary

The global melamine market size was estimated to be USD 7.26 billion in 2018 and is forecaste to grow at a CAGR of 4.0% from 2019 to 2026. Melamine is a resin with versatile properties for applications in numerous end-use products. Among its broad range of properties, some of the essential features include molding properties, physical, chemical, abrasion, and thermal resistance, along with fire-retardant properties due to its high nitrogen content.

Melamine market is primarily driven by its huge consumption in the manufacturing of wood adhesives and laminates. These laminates are extensively used in construction industry. The global demand of melamine is greatly influenced by the general economic conditions for instance, growth in the construction and automotive industry. Global construction industry has expanded rapidly with growth opportunities in commercial infrastructure, residential, and non-residential sector in almost every part of the world.

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Melamine in the construction industry is utilized in products such as kitchen cabinets, countertops, walls, flooring, and furniture. Wood adhesive also consume melamine in large quantities which are found in numerous wood products such as plywood, medium-density fiberboard, and particleboard. Wood adhesives that are modified with melamine showcase excellent moisture resistance and durability characteristics and are thus broadly preferred by customers.

End-use products made from melamine have witnessed massive demand due to rising urbanization along with the middle-class population, and increasing personal income of consumers. In addition to the above factors, high differentiation in products, several advancements in material science sector in the industry along with the large number of market players & their extensive strategic framework are also crucial parameters that have resulted in higher consumption of melamine.

Melamine supply is anticipated to be on a continuous rise as new operating units are expected to start in China with production of approximately 50,000 tons/year, for instance China’s Hualu-Hengsheng plant. The demand is expected to pick up even faster pace from the last quarter of the 2018 due to restocking cargoes. Technical developments & material science have also contributed significantly to the increased supply of melamine.

Segment Analysis

Laminates is the largest application segment for melamine and are anticipated to witness continuous growth during the forecast period. One significant factor behind its growth is cost advantage as it is economical as compared to may other flooring products. Some other associated advantages include multiple designs, low maintenance, and easy installation.   

On the basis of product type, melamine is segmented into melamine resins and melamine foams. Some of the major end-use industries for melamine applications include construction, automotive, and original equipment manufacturers (OEM). Construction among these consumes largest quantities of melamine.

Melamine Market Report Scope

By Type

By Application

By End-Use

By Region

  • Melamine Resin
  • Melamine Foam
  • Laminates
  • Wood
  • Adhesives
  • Molding Compounds
  • Paints & Coatings
  • Others
  • Construction
  • Automotive
  • OEM
  • Others
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)
  • Asia-Pacific (China, Japan, India, Australia, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East and Africa (UAE, Saudi Arabia, South Africa)

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Regional Analysis

Asia Pacific is the dominant regional market for the melamine. China alone accounts for over 40% of the global consumption and holds around half of the total production, exports, and capacity. It is expected to experience fastest growth in the consumption of melamine, where the domestic consumption is primarily driven by the real estate market.

Europe is anticipated to be the second largest player followed by North America. Melamine growth is on the rise in Europe due to increased production of wood adhesive and laminates along with the strong growth of laminate flooring popular among the European consumers.

Competitive Analysis

The global melamine market constitutes of large number of international and national market players. It is a highly competitive and fragmented industry with strong integration by the key players across the value chain. Vertical integration in this industry is witnessed across the raw materials to distribution stage.

Some of the primary market players in the industry include OCI Melamine, BASF SE, Borealis AG, Hexion Specialty Chemicals, Sichuan Golden Elephant Chemical Co., Qatar Melamine Co.,  and Mitsui Chemicals Inc.

Key Take-Away
Polaris Market Research
Global Melamine Market Size & Outlook - Industry Report, 2019-2026