December 16, 2020 08:18 ET | Source: Research and Markets Research and Markets
Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The "Melamine Formaldehyde Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The melamine formaldehyde market is expected to record at a CAGR of over 5% during the forecast period. One of the main factors driving the market is the growing demand for formica laminated furniture. However, government regulation on the toxicity of formaldehyde in developed nations is expected to hinder the growth of the market studied. The use of melamine formaldehyde for the treatment of an organic fraction of municipal solid waste (OFMSW) is likely to act as an opportunity for the market studied in the coming years. By application, the decorative laminated furniture segment will dominate the market, which is expected to grow further during the forecast period. The Asia-Pacific region is estimated to dominate the global market, owing to the increasing demand from the furniture industry in China and India. Key Market Trends Growing Demand for Formica Laminated Furniture Decorative laminates are an attractive and safe way to keep the interior beautiful and to protect furniture from wear and tear, scratching, and fire risk. These products also help to increase the surface life span and provide them an eye-catching finish.
Asia-Pacific Region to Dominate the Market The Asia-Pacific region is expected to dominate the market for melamine formaldehyde during the forecast period. The growing infrastructural investments and economic growth of various developing nations, such as India and China, are expected to drive the demand for melamine formaldehyde in this region.
Competitive Landscape The global melamine formaldehyde market is partially consolidated in nature with a few major players dominating the market. Some of the major companies are BASF SE, Hexion, AkzoNobel NV, Prefere Resins Holding GmbH, and Georgia Pacific Chemicals. Reasons to Purchase this report:
Key Topics Covered: 1 INTRODUCTION 1.1 Study Assumptions 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Drivers 4.1.1 Growing Demand for Formica Laminated Furniture 4.1.2 Growth of the Construction and Cement Industry 4.2 Restraints 4.2.1 Government Regulation on the Toxicity of Formaldehyde 4.2.2 Other Restraints 4.3 Industry Value Chain Analysis 4.4 Porter's Five Forces Analysis 4.4.1 Threat of New Entrants 4.4.2 Bargaining Power of Buyers 4.4.3 Bargaining Power of Suppliers 4.4.4 Threat of Substitute Products 4.4.5 Degree of Competition 4.5 Price Analysis 4.6 Technological Snapshot 5 MARKET SEGMENTATION 5.1 Chemical Type 5.1.1 Iso-butylated Melamine Formaldehyde Resin 5.1.2 n-butylated Melamine Formaldehyde Resin 5.1.3 Other Chemical Types 5.2 Application 5.2.1 Laminates 5.2.2 Wood Adhesives 5.2.3 Molding Compounds 5.2.4 Paints and Coatings 5.2.5 Other Applications 5.3 Geography 5.3.1 Asia-Pacific 5.3.1.1 China 5.3.1.2 India 5.3.1.3 Japan 5.3.1.4 South Korea 5.3.1.5 Rest of Asia-Pacific 5.3.2 North America 5.3.2.1 United States 5.3.2.2 Canada 5.3.2.3 Mexico 5.3.3 Europe 5.3.3.1 Germany 5.3.3.2 United Kingdom 5.3.3.3 France 5.3.3.4 Italy 5.3.3.5 Rest of Europe 5.3.4 South America 5.3.4.1 Brazil 5.3.4.2 Argentina 5.3.4.3 Rest of South America 5.3.5 Middle East & Africa 5.3.5.1 Saudi Arabia 5.3.5.2 South Africa 5.3.5.3 Rest of Middle East & Africa 6 COMPETITIVE LANDSCAPE 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements 6.2 Market Share/Ranking Analysis** 6.3 Strategies Adopted by Leading Players 6.4 Company Profiles 6.4.1 Hexion 6.4.2 Georgia Pacific Chemicals 6.4.3 BASF SE 6.4.4 Prefere Resins Holding GmbH 6.4.5 AkzoNobel NV 6.4.6 Melamin kemina tovarna d.d. Koevje 6.4.7 Qatar Melamine Company 6.4.8 Pacific Texchem Private Limited 6.4.9 ALLNEX NETHERLANDS BV 6.4.10 Frati Luigi SpA 6.4.11 Cornerstone 6.4.12 Sprea Misr 6.4.13 Prefere Resins Holding GmbH 6.4.14 metadynea 6.4.15 Monomer-Polymer & Dajac Labs 6.4.16 BOC Sciences 7 MARKET OPPORTUNITIES AND FUTURE TRENDS 7.1 Use of Melamine Formaldehyde for Treatment of Organic Fraction of Municipal Solid Waste (OFMSW) 7.2 Other Opportunities For more information about this report visit https://www.researchandmarkets.com/r/cmqmno
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