Published by Coherent Market Insights
Posted on September 20, 2021
The global melamine formaldehyde market is estimated to account for US$ 20,620.1 Mn in terms of value and 15,571.5Kilo Tons in terms of volume by the end of 2019.
Melamine formaldehyde is a hard polymer that appears white in color. It is one of the hardest polymers due to its thermosetting plastic properties. It has excellent UV, chemical, moisture, and thermal resistance properties. Table tops, wood adhesives, surface coatings and laminated countertops are some of the major applications of the melamine formaldehyde.
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Key companies covered as a part of this study BASF SE, Chang Chun Plastics Co. Ltd., Georgia Pacific Chemical LLC, Chemiplastica SPA, MPC Ferrostaal GmbH, Chemisol Italia Srl, Mitsui Chemicals Inc., INEOS Group Holdings SA, Nissan Chemical Industries Ltd., Borealis Agrolinz Melamine GmbH, Momentive Specialty Chemicals, Inc., Panasonic Corporation, and OCI Nitrogen BV
Rising demand for melamine formaldehyde from paints and coatings industry is expected to offer lucrative opportunities. The market growth is also attributed to rapid growth in the paint and coatings industry driven by increasing construction activities around the globe. Also, the growing demand for high-performance paints and coatings is further anticipated to propel the market growth of the melamine formaldehyde.
Growing demand for melamine formaldehyde from the automotive industry is expected to offer potential market opportunities over the forecast period. They are used in the manufacturing of the lightweight polyurethane foams for automobile door insulation, decorative laminates of car interiors, and vulcanized rubber tires. Thus, such emerging applications of the melamine-formaldehyde from automotive the industry is augmenting the market growth over the forecast period.
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COVID-19 Impact on Melamine Formaldehyde Market
The sudden emergence of the coronavirus has impacted almost every industry in the world. The demand for paints and coatings industry is expected to increase by the end of the forecast period as consumers are becoming hygiene conscious. Hence, the demand for such products will increase. Thereby, increasing the demand for melamine formaldehyde market over the forecast period.
Key features of the study:
Other Related Report:
The global paraformaldehyde market size is expected to witness potential gains in the future and register a significant CAGR of 5.8% over the forecast period (2019 – 2027).
https://www.coherentmarketinsights.com/ongoing-insight/paraformaldehyde-market-2864
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Melamine Formaldehyde Market To Reach Around US$ 33,743.17 Million By 2027 appeared first on Gatorledger.
The global melamine formaldehyde market is estimated to account for US$ 20,620.1 Mn in terms of value and 15,571.5Kilo Tons in terms of volume by the end of 2019.
Melamine formaldehyde is a hard polymer that appears white in color. It is one of the hardest polymers due to its thermosetting plastic properties. It has excellent UV, chemical, moisture, and thermal resistance properties. Table tops, wood adhesives, surface coatings and laminated countertops are some of the major applications of the melamine formaldehyde.
Request a sample copy of the report:
https://www.coherentmarketinsights.com/insight/request-sample/4101
Key companies covered as a part of this study BASF SE, Chang Chun Plastics Co. Ltd., Georgia Pacific Chemical LLC, Chemiplastica SPA, MPC Ferrostaal GmbH, Chemisol Italia Srl, Mitsui Chemicals Inc., INEOS Group Holdings SA, Nissan Chemical Industries Ltd., Borealis Agrolinz Melamine GmbH, Momentive Specialty Chemicals, Inc., Panasonic Corporation, and OCI Nitrogen BV
Rising demand for melamine formaldehyde from paints and coatings industry is expected to offer lucrative opportunities. The market growth is also attributed to rapid growth in the paint and coatings industry driven by increasing construction activities around the globe. Also, the growing demand for high-performance paints and coatings is further anticipated to propel the market growth of the melamine formaldehyde.
Growing demand for melamine formaldehyde from the automotive industry is expected to offer potential market opportunities over the forecast period. They are used in the manufacturing of the lightweight polyurethane foams for automobile door insulation, decorative laminates of car interiors, and vulcanized rubber tires. Thus, such emerging applications of the melamine-formaldehyde from automotive the industry is augmenting the market growth over the forecast period.
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/4101
COVID-19 Impact on Melamine Formaldehyde Market
The sudden emergence of the coronavirus has impacted almost every industry in the world. The demand for paints and coatings industry is expected to increase by the end of the forecast period as consumers are becoming hygiene conscious. Hence, the demand for such products will increase. Thereby, increasing the demand for melamine formaldehyde market over the forecast period.
Key features of the study:
Other Related Report:
The global paraformaldehyde market size is expected to witness potential gains in the future and register a significant CAGR of 5.8% over the forecast period (2019 – 2027).
https://www.coherentmarketinsights.com/ongoing-insight/paraformaldehyde-market-2864
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Melamine Formaldehyde Market To Reach Around US$ 33,743.17 Million By 2027 appeared first on Gatorledger.
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