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Melamine Market Set for Rapid Growth and Trend, by 2027<br>
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©2019 Transparency Market Research, All Rights Reserved Melamine Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved Global Melamine Market: Key Highlights • The global demand for melamine is likely to reach cross US$ 2.8 Bn by 2027 with a CAGRof more than4%from 2019-2027. • Demand for melamine is largely attributed to strong growth in the global construction industry and rising demand for lightweight and low-emission automotives. • Melamine readily reacts with formaldehyde to produce melamine-formaldehyde (MF) resins. Several other types of melamine resins include melamine-urea- formaldehyde (MUF), hexamethoxymethyl, etherified melamine, and melamine pyrophosphate. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Global Melamine Market: Laminates to Lead Melamine Market • MF resins are widely employed in the manufacture of laminated wooden panels. These resins exhibit strong resistance to heat, stain, abrasion, and chemical reaction; thus, these are extensively employedinconstructionapplications. • Laminates application segment than50% share inglobalmelaminemarket in 2018. • The segment is followed by adhesives & sealants owing to high demand of melamine based wood based adhesives found in various wood products such as particleboard, plywood and medium-densityfiberboard(MDF). • These adhesives are known for its durability and moisture resistance. • Melamine-based adhesives are largely used in hotline fixing of car seats, panel laminations, headlamps, componentassemblies inthe automotiveindustry. accounted for more and other interior
©2019 Transparency Market Research, All Rights Reserved Global Melamine Market: Key Challenges Faced by Industry • Urea is the key feedstock used in the manufacture of melamine. Of late, the prices of urea have been subject to a high degree of volatility owing to wide fluctuations in the short term supply and demand. • The supply side fluctuation is ascribed to unstable oil & gas prices, which affect the totalproduction costand affecting the overall melaminemarket growth. • Increasing public awareness and rising demand for non-hazardous products are some of the key factors hampering the melamine market for molding compounds application. ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Global Melamine Market: Competition Landscape • • • • • • OCI N.V., Borealis AG BASF SE Grupa AzotyZaklady AzotowePulawy S.A. (ZAP) Methanol Holdings (Trinidad) Limited (MHTL) Qatar Melamine Company (QMC) Cornerstone Chemical Company ©2019 Transparency Market Research, All Rights Reserved
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