Melamine Market to Signify Strong Growth by 2024-2031

Melamine market is anticipated to grow at a considerable CAGR of 4.26% during the forecast period. With growing construction activities and the increasing demand for laminates, wood adhesives, and paints and coatings in countries such as China will be propelling the growth of the market. China accounted for more than one-fourth of the global coatings market presently. According to the China National Coatings Industry Association, the industry has registered a growth of 7% through recent years. Furthermore, according to the National Bureau of Statistics of China, the construction industry in China was valued at about USD 1,049 billion in 2020. It is estimated to reach approximately USD 1,117 billion by 2021, registering a growth rate of about 6.5%.

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in December 2019, OCI NV, Dakota Gasification Company and Dyno Nobel Enter into Exclusive Marketing Agreement for DEF, Urea Liquor and Automotive Grade Urea in North America. This agreement OCI’s and N-7’s continued commitment to expand their market presence in the DEF and industrial urea markets in North America. Therefore, it will serve to cement N-7’s position as a major supplier in the US. Additionally, it will also provide geographic reliability to the growing DEF demand of N-7’s customers and position N-7 as a dependable supplier in North America.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Application

Regions Covered

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- Borealis AG, Prefere Resins Holding GmbH, Henan Xinlianxin Chemicals Group Co., Ltd, OCI NV.

By Application

• Laminates
• Wood Adhesives
• Molding Compounds
• Paints and Coatings
• Others Applications (Flame Retardants, Textile Resins, etc.)

A full Report of Melamine Market is Available @  https://www.omrglobal.com/industry-reports/melamine-market

Melamine Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

Company Profiles 

• BASF SE
• Borealis AG
• Cornerstone Chemical Company
• Grupa Azoty
• Gujarat State Fertilizers & Chemicals Limited (GSFC)
• Prefere Resins Holding GmbH
• Methanol Holdings (Trinidad) Limited (MHTL)
• Mitsui Chemicals Inc.
• Hexion
• Nissan Chemical Corporation
• OCI NV
• Qatar Melamine Company
• Sichuan Chemical Works Group Ltd
• Henan Xinlianxin Chemicals Group Co. Ltd
• Eurochem Group

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