Global Melamine Formaldehyde Market is Expected to Reach $4,450.3 Million by 2019


Posted July 10, 2015 by MicroMktM

The global melamine formaldehyde market was valued at $2,781.8 million in 2014 and is expected to reach $4,450.3 million by 2019 at a CAGR of 9.9%.

 
Melamine Formaldehyde (MF) is thermosetting resin, manufactured from melamine and formaldehyde. It is primarily used to manufacture laminates, adhesives, moulding compounds, paints & coatings and others. Applications of Melamine Formaldehyde are furthermore used in a broad spectrum of end-user industries such as paints & coatings, automotive, electronics, electrical, building & construction and others.

The key players in the global melamine formaldehyde market include BASF SE (Germany), Borealis (Austria), Mitsui Chemicals (Japan), Chimica Pomponesco S.p.A (Italy), Allnex Belgium S.A. (Belgium), Chemplastica SpA (Italy), Ineos Melamines (Fechenheim), Eurotecnica (Greece), Qatar Melamine Company (Doha), Hexza Corporation Berhad (Malaysia), and among others.

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Asia-Pacific is estimated to have the largest share in the global market for melamine formaldehyde. Melamine formaldehyde is used in several applications such as laminates, moulding powder, coating, adhesives and others. However, consumer preference for home remodeling and increasing activities of renovations in non- residential market is impacting the demand for melamine formaldehyde and its applications in various industries. Furthermore, due to better chemical formulation than urea-formaldehyde, melamine acts as an alternative for the same.


Scope of the report

The report segments the Global Melamine Formaldehyde market as:
Global Melamine Formaldehyde market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.


On the basis of applications:

Laminates
Adhesive
Moulding Powder
Coating
Others

Each application is described in detail in the report with volume and revenue forecasts for each application.

On the basis of geography:

North America
Europe
Asia-Pacific
ROW
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Tags formaldehyde , melamine formaldehyde , melamine formaldehyde market
Last Updated July 10, 2015