Market Overview

The market for melamine is expected to register a CAGR of around 4%, in terms of volume, during the forecast period. The major factor driving the market studied is the rising demand from the construction industry. The availability of substitutes, like liquefied wood, soy, and powder coatings, is expected to hinder the growth of the market studied.

  • The increasing trend of melamine-based foams is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.



Key Market Trends

Laminates to Dominate the Market

  • Melamine resins are the polymers of choice used in the outer or decorative layer of laminates, as well as in the manufacture of counter and tabletops, kitchen cabinets, flooring, furniture, etc.
  • Melamine resins impart a hardness, transparency, stain resistance, freedom from discoloration, and overall durability. For this application, the resin, which is used to saturate the overlay or decorative sheet, is prepared by reacting approximately two moles of formaldehyde per mole of melamine.
  • Phenolic resin costs less than melamine-formaldehyde resin. However, it is brown-yellow and non-transparent, hence, not suitable for surface layer applications. Melamine formaldehyde resin is widely used, as it is clear, transparent, and wear-resistant, and often serves as surface dipping material.
  • Melamine laminated sheet is in a multilayer structure, including surface paper, decoration paper, and bottom paper. The surface paper is to protect patterns and designs on the decorative paper, to make the surface brighter, solider, and harder, and to provide it with better wear and corrosion resistance.?
  • Melamine laminated sheet has superior heat-resistant properties, as it is made of the setting plastic. It does not get softened, cracked, or bubbled at a temperature over 100?C. It is well resistant to ironing and fire.
  • These sheets are commonly applied to the surface decoration projects of walls, columns, tabletops, furniture, suspended ceilings, etc.
  • ?The growth in the global construction industry, especially in Asia-Pacific and Europe, is expected to boost the consumption of melamine-laminated sheets, during the forecast period.



Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share. With growing construction activities and the increasing demand for laminates, wood adhesives, and paints and coatings in countries, such as China, India, and Japan, the usage of melamine is increasing in the region.
  • In Asia-Pacific, China provides the major market for the melamine of the regional market share. Despite the volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government, in order to withstand the expanding industrial and service sectors, has resulted in significant growth of the Chinese construction industry in recent years.
  • As the construction industry is dominated by state-owned enterprises, increased government spending is boosting the industry in the country. This scenario may concrete the demand for melamine materials in the nearby future.
  • The large market size, coupled with the huge growth in Asia-Pacific, is quite instrumental in the expansion of the melamine market.



Competitive Landscape

The global melamine market is consolidated and the top five players account for a market share of ~40% of the total production capacity. These companies include OCI NV, Borealis AG, INEOS Group, Grupa Azoty Zaklady Azotowe Pulawy S.A., and Sichuan Chemical Works Group Ltd (SCWG).

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