Melamine Market By Type (Melamine Foam, Melamine Resin, and Others), By Application (Decorative Laminates, Construction, Kitchenware Products, Electrical Parts, Floor Tiles, Household Goods, and Others), By Region - Trends, Analysis and Forecast till 2030

Melamine Market size accounted for USD 7.83 Billion in 2020 and is estimated to be USD 11.89 Billion by 2030 and is anticipated to register a CAGR of 5.2%.

Melamine is the white crystalline compound. Melamine is made by heating cyanamide. Melamine is used in making plastics. Melamine is thermosetting plastics which cannot be reshaped. Melamine has heat-resistant properties and durability. Melamine is an organic compound, it forms a durable thermosetting plastics when it is combined with the formaldehyde.  Due to excellent durability and heat resistant properties melamine is used in laminates, plastic dinnerware and glues. Melamine laminates are cost-effective and made up of plastic coating material. Melamine are used for fiberboard and plywood. Melamine laminates are waterproof, shatter and scratch resistant. Melamine laminates are produced in a wide variety of finishes and colors. Melamine laminates are inexpensive. Due to hard resin melamine laminates are used as overlay for building materials like plywood and MDF (Medium Density Fiberboard). MDF is an engineering material. 

MDF is made by breakdown of softwood and hardwood residuals into fine particles, when combined with resin binder and wax and applying pressure and high temperature. Melamine is used in construction material as tiles, wall panels, overlay materials and whiteboards. Due to excellent moisture, stains and heat resistance properties melamine are good for building materials. Melamine has wide applications in making thermosetting plastics, ply woods, melamine resins, decorative laminates, sound insulator, etc.

Rise in disposable income and rate of urbanization

Rise in disposable income of an individual is one of the leading factors for the melamine market growth. Disposable income allows the consumer to enhance their lifestyle and spend more on luxury household appliances, interior design in house, electrical products, kitchen-ware, etc. Moreover, increasing urban population is one of the driving factors for the melamine market. Urban culture affects the person’s living lifestyle. Urbanization allows the individual in standard living, standard decorative lamination in houses, business buildings which gives rise in demand for melamine in market. According to data published by United Nations in 2014, about 54% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in disposable income and population in urban areas boosts the demand for melamine in the market.

Rise in electronics industries

Rise in electronics industries has become the major factor for the growth in melanin market. Electronics industries are growing to fulfill the needs of an individual. Increasing demand in electrical products has given rise in electronics industries. Wide range of household electrical products like TV, Refrigerators, Washing Machines, Vacuum Cleaners, Laptops, Smartphones are high in demand. Use of melamine in electrical products due to their excellent heat resistance properties, high dielectric strength, are giving rise in market growth. For instance, in 2022, Electronics companies had planned the big festival offers to revive the consumer demand in purchasing electronic products. The festive offers attracts the consumers in purchasing products.

Restrains:

However, intake of melamine can lead to health issues like kidney stone, bladder disorders which may somewhat restrain the growth of the target market.

The melamine market is segmented based on type, application, and region.

On the basis of type, the melamine market is segmented into Melamine Foam, Melamine Resin, and others. On the basis of application, the target market is classified into Decorative Laminates, Construction, Kitchenware Products, Electrical Parts, Floor Tiles, Household Goods, and others.

Regional Insights:

On region the melamine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor, rising automotive & textile industries, rising building and construction is anticipated to increase demand for melamine in the region.

Melamine Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global melamine market report based on type, application, and region:

Melamine Market, By Type:

• Melamine Foam
• Melamine Resin
• Others

Melamine Market, By Application:

• Decorative Laminates
• Construction
• Kitchenware Products
• Electrical Parts
• Floor Tiles
• Household Goods
• Others

Melamine Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the melamine market includes, Sichuan Golden Elephant Chemical, Nissan Chemical Industries, BASF SE, Mitsui Chemicals Inc., Qatar Melamine Company, OCI Nitrogen, Cornerstone Chemical Company, Borealis AG, Haohua Junhua Group Co. Ltd., Methanol Holdings, Luxi Chemical, Henan Zhongyuan Dahua Group, Chengdu Yulong Chemical, Sichuan Chemical works, Xinji Jiuyuan Chemical Co. Ltd., and others. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in 2019, the BASF SE has expanded the melamine resin foam ‘Basotect UF+’ with newly improved properties like flame-resistant, sound-absorbing, open-cell foam structure, high elasticity, lightweight, etc. Basotect UF+ is used in construction, aerospace, household appliances, automotive industries and various other industries.

• BASF SE
• Sichuan Golden Elephant Chemical
• Nissan Chemical Industries
• Mitsui Chemicals Inc.
• Qatar Melamine Company
• OCI Nitrogen
• Cornerstone Chemical Company
• Borealis AG
• Haohua Junhua Group Co. Ltd.
• Methanol Holdings
• Luxi Chemical
• Henan Zhongyuan Dahua Group
• Chengdu Yulong Chemical
• Sichuan Chemical works
• Xinji Jiuyuan Chemical Co. Ltd.