Growing Construction Industry Driving the Market
Melamine is majorly used in laminates, molding components, surface coatings, adhesives, etc. The usage of these products in the construction industry is of great importance. The other feature of melamine, which makes it the best option for the construction industry is its water-resistant property. 2017 was marked as a great year for the global construction industry supported by improvement in technology and infrastructure spending and is expected to continue in the coming years. With the ongoing growth in the demand for prefabricated structures, which is making construction process easy and less time consuming, the market for melamine is expected to grow at a healthy rate.
Laminates to Continue to be the Major Application
Laminates find their application in products including furniture, floors, countertops, kitchen cabinets, and walls. Laminates are found to be the largest application for melamine and are expected to continue the dominance through the forecast period. The factor that is driving the adoption of laminate flooring is its cost advantage over other flooring products. The other attributes for the growth of laminate flooring are the easy installation, low maintenance, innovative designs, etc. The ongoing recovery in the residential and commercial construction sectors would drive the growth of the market.
Asia-Pacific to Lead among Other Regions
Asia-Pacific is the largest and the fastest growing market for melamine. In the region, China holds a strong position with large production capacity and consumption. The market for melamine in the region is driven by the increasing demand from the construction sector. Melamine consumption in wood panels and laminates is to increase owing to propelling demand in the domestic and global market. China is estimated to remain the prime market for melamine during the forecast period due to the growing real estate market.
Notable Developments in the Market
February 2018: Cornerstone Chemical Company announced price increase for melamine.
July 2017: H.I.G. Capital, a leading global private equity investment firm, announced that one of its affiliates has entered into a definitive agreement to sell its portfolio company, Cornerstone Chemical Company, to an affiliate of Littlejohn & Co., LLC.
Major players include BASF SE, Borealis AG, OCI Melamine, Cornerstone Chemical Company, and Hexion Specialty Chemicals, Inc., amongst others.
Reasons to Purchase the Report
To understand the impact of increasingly stringent regulations on the market.
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
To understand the trends in the industries related to the applications of melamine through the forecast period.
Identify the countries expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
This report can be customized to meet your requirements.
1.1 Research Phases
1.2 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Snapshot
3.4 Trade Analysis
3.5 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Strong Demand from the Construction Industry
4.1.2 Rising Demand for Lightweight and Low-emission Vehicles
4.2.1 Increasing Consumer Concerns about Formaldehyde Emission from Melamine-based Molding Compounds
4.2.2 Availability of Substitutes like Liquefied Wood, Soy, and Powder Coatings
4.3.1 Increasing Trend of Melamine Foams
5. Market Segmentation and Analysis
5.1 By Application
5.1.2 Wood Adhesives
5.1.3 Molding Compounds
5.1.4 Paints & Coatings
6. Regional Market Analysis
6.1.4 South Korea
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
8.1 BASF SE
8.2 Borealis AG
8.3 Cornerstone Chemical Company
8.4 East China Engineering Sciene & Technology Co., Ltd (ECEC)
8.5 Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP)
8.6 Gujarat State Fertilizers & Chemicals Ltd (GSFC)
8.7 INEOS Group
8.8 Methanol Holdings (Trinidad) Limited (MHTL)
8.9 Mitsui Chemicals, Inc.
8.10 Momentive Specialty Chemicals, Inc.
8.11 Nissan Chemical Industries Ltd
8.12 OCI Melamine
8.13 Qatar Melamine Co.
8.14 Shanxi Fenghe Melamine Co.
8.15 Sichuan Chemical Holdings Co., Ltd
*List not Exhaustive
9. Future of the Market
**Subject to Availability in Public Domain
- BASF SE
- Borealis AG
- Cornerstone Chemical Company
- East China Engineering Sciene & Technology Co. Ltd. (ECEC)
- Grupa Azoty Zaklady Azotowe Pulawy S.A. (ZAP)
- Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
- INEOS Group
- Methanol Holdings (Trinidad) Limited (MHTL)
- Mitsui Chemicals Inc.
- Momentive Specialty Chemicals Inc.
- Nissan Chemical Industries Ltd.
- OCI Melamine
- Qatar Melamine Co.
- Shanxi Fenghe Melamine Co.
- Sichuan Chemical Holdings Co. Ltd.