melamine formaldehyde market
The melamine formaldehyde market is estimated to reach $4.4 Billion by 2019, signifying a CAGR of 9.9% between 2014 and 2019 The global market, along with its applications, showed a high growth in the past few years and is estimated to continue the same growth in coming years. An increase in demand in end- use industries such as automotive, packaging, building & construction, and other applications are the key influencing factors for the global market. Currently, the Asia-Pacific region is the largest consumer of melamine formaldehyde and is estimated to grow at the highest CAGR. The countries such as China, Japan, and India are expected to lead the Asia-Pacific melamine formaldehyde market, with China having the largest share in the regional volumetric consumption of melamine formaldehyde. The market volume of melamine formaldehyde is second highest in Europe, after Asia-Pacific.
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