Melamine Resin Market: by Type (Methylated Formaldehyde and Non-Methylated Formaldehyde), by End-Use Industry (Automotive, Construction and Building, Electronics, Wood & Furniture, Packaging, Chemicals, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
The melamine resin market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report’s study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the melamine resin industry.
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The melamine resin market size is expected to reach USD 2.4 billion by 2025 by projecting a CAGR of 5.6% during the forecast period (2020-2025). Melamine resin, also known as melamine formaldehyde, contains melamine rings in their structure and terminated with multiple hydroxyl groups derived from formaldehyde. Melamine is combined with resin to produce melamine resins by condensation polymerization. Melamine resins are hard, durable, glossy, and exhibit strong resistance to heat, moisture, stain, and wear. A continuous rise in melamine resin in high-pressure laminates, such as arborite, formica, laminate flooring, will further augment the market growth during the forecast period.
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Due to the COVID-19 outbreak, many industries are suffering from many issues such as a halt in production, lack of supply of raw material due to the imposition of lockdown in various nations. The COVID-19 has significantly impacted the petrochemical industry and jolted the global economy. With the halt in construction projects, especially during April-May 2020, the demand for melamine resin declined from the end-use industries. This is expected to impact the overall market value of melamine resin in 2020.
The report outlines the study of the structure based on the type and end-use industry.
Based on Type, the Global Melamine Resin Market has been segmented into –
Based on End-Use Industry, the Global Melamine Resin Market has been segmented into –
The melamine resin market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East and Africa. In 2019, Asia Pacific held the largest share in the global melamine resin market, followed by Europe and North America. The Asia Pacific is further estimated to dominate the melamine resin market during the forecast period. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.
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The melamine resin market is highly fragmented, with the presence of a large number of small players across the globe. The key melamine resin market players operating in the global market include –
The melamine resin market report provides a thorough analysis of macro-economic factors and every segment’s market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market players’ presence in the respective segment and region/country. The information concluded in the report includes the inputs.
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