Asia-Pacific Melamine Formaldehyde Resin Market was valued $989.4 million in 2013 and is projected to grow at a CAGR of 9.8% from 2013 to 2018.

Browse through the TOC of the Asia-Pacific Melamine Formaldehyde Resin Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Asia-Pacific melamine formaldehyde resin market, and is supported by various tables and figures.

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Melamine formaldehyde resin is produced by the polymerization and condensation of melamine, a trimmer of dicyandiamide, and formaldehyde, at a temperature above 80°C, with or without the presence of an acid catalyst. MF resins are used as wood adhesives in plywood and particle boards, to provide them mechanical and chemical resistance when required for exterior applications. The additional resistance provided by MF resins to wood panels is the major driver for the melamine formaldehyde resin market in this region.

APAC is the largest consumer of MF resin, accounting for 45.2% of the global consumption. The key countries in the region include China, India, Japan, and South Korea. In 2013, China was the largest consumer with a share of 69.6%, followed by Japan with 8.5%, India with 9.6%, and South Korea with 3.8%. The decorative laminates are produced and exported by China, at competitive prices, to Asian and European countries. The consumption of MF resins and high-grade plywood is high in developing countries such as China, India, and Malaysia, and in developed countries such as Japan and South Korea.

The report covers the Asia Pacific melamine formaldehyde resin market, which is segmented on the basis of application and geography. The Asia-Pacific melamine formaldehyde resin market is applied in laminates, adhesives, molding compound, and coating, among others.

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