Technavio has released a new report on the global melamine formaldehyde market from 2017 to 2021. (Illustration: Business Wire)
Technavio has released a new report on the global melamine formaldehyde market from 2017 to 2021. (Illustration: Business Wire)
LONDON--(BUSINESS WIRE)--According to the latest market research released by Technavio, by 2021, the global melamine formaldehyde market is expected to reach 64.07 million tons, growing at a compound annual growth rate of nearly 6% during the forecast period.
This research report entitled "Global Melamine Formaldehyde Market 2017-2021" provides an in-depth analysis of the market in terms of revenue and emerging market trends. The market research report also includes the latest analysis and forecasts for each market segment and all geographic regions.
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According to the application, the report divides the global melamine formaldehyde market into the following parts:
The top three revenue-generating application segments of the global melamine formaldehyde market are discussed as follows:
"Melamine formaldehyde is most commonly used in the production of laminated products. The application of melamine formaldehyde in laminated products shows excellent properties, such as strong heat and stain resistance, creating high demand in this field," Technavio Specialty Chemicals Said Ajay Adikari, the lead analyst of the research.
Melamine formaldehyde resins are also used in residential applications, such as furniture manufacturing and renovation. In the construction industry, it is used in residential and non-residential applications. High-pressure melamine formaldehyde laminates are very popular because they are homogeneous, high-density and durable surface materials with chemical resistance, abrasion resistance and heat resistance.
It is expected that during the forecast period, the global adhesive melamine formaldehyde market will grow at a moderate rate. Melamine-formaldehyde resin is used as a thermosetting adhesive, and is widely used as an adhesive for semi-exterior walls and exterior wall boards. These resins are also used to make and bond low and high pressure overlays and paper laminates. Compared with other urea-formaldehyde resins, melamine-formaldehyde has stronger water resistance, so its application in the manufacture of wood floor tiles from bamboo, sawmill waste wood and bamboo laminate has increased.
Melamine-formaldehyde resin has strong thermosetting properties, so it is very suitable for molding into a variety of heat-resistant, translucent, odorless, odorless, and light-colored powders. These powders are used in ashtrays, tableware, utensil handles, small appliance housings and components, washable buttons, insulators, and various other products.
"Products made of molded powder are heat-resistant, chemical-resistant, water-resistant, and resistant to discoloration, and are relatively non-conductive. In addition, melamine formaldehyde exhibits the fusion of hardness and high decorative quality, while providing flame retardancy and thermal stability. This has greatly facilitated its adoption," Ajay said.
The top suppliers highlighted by Technavio's research analysts in this report are:
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Technavio is the world's leading technology research and consulting company. The company develops more than 2,000 research results every year, covering more than 500 technologies in more than 80 countries. Technavio has about 300 analysts around the world who specialize in customized consulting and business research tasks across the latest cutting-edge technologies.
Technavio analysts use primary and secondary research techniques to determine the size and supplier landscape of a range of markets. In addition to using internal market modeling tools and proprietary databases, analysts also use a combination of bottom-up and top-down methods to obtain information. They confirm these data with data obtained from various market participants and stakeholders (including suppliers, service providers, distributors, dealers, and end users) throughout the value chain.
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Technavio Research Jesse Maida Media and Marketing Director United States: 1 630 333 9501 United Kingdom: 44 208 123 1770 www.technavio.com
According to the latest market research released by Technavio, the melamine formaldehyde market is expected to grow at a compound annual growth rate of nearly 6% by 2021.
Technavio Research Jesse Maida Media and Marketing Director United States: 1 630 333 9501 United Kingdom: 44 208 123 1770 www.technavio.com