Melamine Market Estimated To Reach USD 10.21 Billion By 2027 – Reports And Data

The Global Melamine market is forecast to reach USD 10.21 Billion by 2027, according to a new report by Reports and Data. Melamine, also known as triaminotriazine, has a molecular formula of C₃H₆N₆, which is an organic compound. It is a trimer of cyanamide, comprising of 1, 3, 5-triazine skeleton. Like cyanamide, this organic compound comprises of 67% nitrogen by mass. The derivate of triaminotriazine has fire retardant traits as it releases nitrogen gas when charred or burned. Melamine resins can be produced from it, by combining with formaldehyde and other agents. One of the mentionable trait of these resins are, it provides with durable thermosetting plastic that have a wide arena of application like melamine dinnerware, high pressure decorative laminates like Formica, dry erase boards and laminate flooring. Another mentionable use of this organic compound is in manufacturing melamine foam that is used in polymeric cleaning products, soundproofing material, and insulation. Thus, a wide arena of application of this compound is one of the mentionable factors spurring the growth of the market. Factors like increasing the use of melamine in high resistance concrete, the expansion of the automotive and construction industry, and rising focus on home decoration are also propelling the growth of the market.

In regards to region, North America can be seen to occupy a significant share of the market. The market share held by the region is associated with well-established automotive sector and expanding construction sector.

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Key participants include:

Borealis AG, BASF SE, East China Engineering Science & Technology Co. Ltd (ECEC), Cornerstone Chemical Company, Gujarat State Fertilizers & Chemicals Ltd, Grupa Azoty Zaklady Azotowe Pulawy SA, Methanol Holdings (Trinidad) Limited (MHTL), INEOS Group, Momentive Specialty Chemicals Inc. and Mitsui Chemicals Inc.

Further key findings from the report suggest

• The Melamine market held a market share of USD 7.16 Billion in the year 2018 and is forecasted to grow at a rate of 3.9% during the forecast period.
• In context to Forms, the Melamine Foam segment held 31.0% of the market in 2018, with a growth rate of 3.2% during the forecast period. The market share held by the Melamine Foam segment is associated with continuous expansion of the automotive industry and the associated demand of melamine foams in engine cover, acoustic, and heat insulation, which is contributing to the market share held by this segment.
• In context to End-user, the Building & Construction segment held the largest market share of more than 30.0% in 2018, with a growth rate of 4.1% during the forecast period. The market dominance of the Building & Construction segment is attributed to the continuous expansion of the construction sector and associated rising demand for laminates, floor tiles in this sector, resulting in elevated use of this compound in this sector contributing to the market share held by this segment.
• In regards to Application, the Wood Adhesives segment is projected to witness the fastest growth rate of 4.4% during the forecast period, which is expected to hold 27.0% of the market by 2027. The continuously rising demand for furniture, use of this compound as adhesives for semiexterior & exterior grade particleboard and plywood that provides with fast initial tack, and longer open time are supporting the growth rate witnessed by this segment.
• In regards to the region, Europe held 18.0% of the market in 2018, with a significant growth rate of 4.6% during the forecast period. The market share held by the region is resultant of expanding construction industry and well-established automotive sector that supports the growth of the market in this region.

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For the purpose of this report, Reports and Data have segmented the global Melamine market according to Forms, Application, End-user, and Region:

Forms Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Melamine Foam
• Melamine Resin

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Laminates
• Thermoset Plastics
• Wood Adhesives
• Surface Coatings
• Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Building & Construction
• Textile
• Chemical
• Automotive
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• North America
  • U.S
• Europe
  • U.K
  • France
• Asia Pacific
  • China
  • India
  • Japan
• MEA
• Latin America
  • Brazil

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-melamine-market

The post Melamine Market Estimated To Reach USD 10.21 Billion By 2027 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

The Global Melamine market is forecast to reach USD 10.21 Billion by 2027, according to a new report by Reports and Data. Melamine, also known as triaminotriazine, has a molecular formula of C₃H₆N₆, which is an organic compound. It is a trimer of cyanamide, comprising of 1, 3, 5-triazine skeleton. Like cyanamide, this organic compound comprises of 67% nitrogen by mass. The derivate of triaminotriazine has fire retardant traits as it releases nitrogen gas when charred or burned. Melamine resins can be produced from it, by combining with formaldehyde and other agents. One of the mentionable trait of these resins are, it provides with durable thermosetting plastic that have a wide arena of application like melamine dinnerware, high pressure decorative laminates like Formica, dry erase boards and laminate flooring. Another mentionable use of this organic compound is in manufacturing melamine foam that is used in polymeric cleaning products, soundproofing material, and insulation. Thus, a wide arena of application of this compound is one of the mentionable factors spurring the growth of the market. Factors like increasing the use of melamine in high resistance concrete, the expansion of the automotive and construction industry, and rising focus on home decoration are also propelling the growth of the market.

In regards to region, North America can be seen to occupy a significant share of the market. The market share held by the region is associated with well-established automotive sector and expanding construction sector.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2539

Key participants include:

Borealis AG, BASF SE, East China Engineering Science & Technology Co. Ltd (ECEC), Cornerstone Chemical Company, Gujarat State Fertilizers & Chemicals Ltd, Grupa Azoty Zaklady Azotowe Pulawy SA, Methanol Holdings (Trinidad) Limited (MHTL), INEOS Group, Momentive Specialty Chemicals Inc. and Mitsui Chemicals Inc.

Further key findings from the report suggest

• The Melamine market held a market share of USD 7.16 Billion in the year 2018 and is forecasted to grow at a rate of 3.9% during the forecast period.
• In context to Forms, the Melamine Foam segment held 31.0% of the market in 2018, with a growth rate of 3.2% during the forecast period. The market share held by the Melamine Foam segment is associated with continuous expansion of the automotive industry and the associated demand of melamine foams in engine cover, acoustic, and heat insulation, which is contributing to the market share held by this segment.
• In context to End-user, the Building & Construction segment held the largest market share of more than 30.0% in 2018, with a growth rate of 4.1% during the forecast period. The market dominance of the Building & Construction segment is attributed to the continuous expansion of the construction sector and associated rising demand for laminates, floor tiles in this sector, resulting in elevated use of this compound in this sector contributing to the market share held by this segment.
• In regards to Application, the Wood Adhesives segment is projected to witness the fastest growth rate of 4.4% during the forecast period, which is expected to hold 27.0% of the market by 2027. The continuously rising demand for furniture, use of this compound as adhesives for semiexterior & exterior grade particleboard and plywood that provides with fast initial tack, and longer open time are supporting the growth rate witnessed by this segment.
• In regards to the region, Europe held 18.0% of the market in 2018, with a significant growth rate of 4.6% during the forecast period. The market share held by the region is resultant of expanding construction industry and well-established automotive sector that supports the growth of the market in this region.

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2539

For the purpose of this report, Reports and Data have segmented the global Melamine market according to Forms, Application, End-user, and Region:

Forms Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Melamine Foam
• Melamine Resin

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Laminates
• Thermoset Plastics
• Wood Adhesives
• Surface Coatings
• Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• Building & Construction
• Textile
• Chemical
• Automotive
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• North America
  • U.S
• Europe
  • U.K
  • France
• Asia Pacific
  • China
  • India
  • Japan
• MEA
• Latin America
  • Brazil

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2539

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Bromacil Market By Type (Bromacile 40 Herbicide, Bromacile 80 Herbicide, Others), By Application (Weeding, Others), And Region- Global Forecast To 2027

Aprotic Solvents Market Size, Share & Analysis, By Type (N-Methyl-2-pyrrolidone (NMP), Toluene, Benzene, Acetone, Others), By Application (Oil & Gas, Pharmaceuticals, Paints & Coatings, Electronics, Others (Agrochemicals, Printing Inks And Personal Care), And By Region, Global Forecast To 2028

Ethyl Polysilicate Market Size, Trends & Analysis, By Product (Ethyl Polysilicate 28, Ethyl Polysilicate 32, Ethyl Polysilicate 40), By Application (Adhesive Agent, Cross-linking Agent, Residential Binding Agent, Synthesis Of Silica), By End-Use Vertical (Chemicals, Metals, Paints And Coatings, Textiles, Pharmaceuticals, Optical), By Region, Segment Forecasts To 2027

Water-based PUR-system Market By Type (Anionic PUDs, Cationic PUDs, Non-Ionic PUDs), By Application Type (Leather Coating, Wood Coatings, Paper, Plastic Gloves, Others), Region-Global Forecast To 2027

Benzonitrile Market Size, Type Analysis(Up to 70%, Up to 90%, Up to 99%), Application Analysis(Industrial, Pharmaceutical and Others), Sales Channel Analysis (Direct Channel, Distribution Channel), Regional Outlook (North America, Europe, Asia Pacific, South America, Middle East and Africa) Competitive Strategies And Forecasts for 2016 – 2026

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-melamine-market

The post Melamine Market Estimated To Reach USD 10.21 Billion By 2027 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.