According to a new market report by Lucintel, the future of the melamine formaldehyde market looks promising with opportunities in the electrical appliances, household appliances, tableware, adhesives, paints, packaging, molding powder, laminates, and sanitaryware industries. The melamine formaldehyde market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are growing demand for melamine formaldehyde in various industries such as construction, automotive, and furniture.
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In this market, methylated and non-methylated formaldehyde are the major product types. Methylated formaldehyde is the largest product type.
Within the melamine formaldehyde market, electrical appliances, household appliances, tableware, adhesives, paints, packaging segment, molding powder, laminates, and sanitary ware are the major end use industries. Packaging segment is the largest end use segment for the melamine formaldehyde market.
Asia Pacific will remain the largest market over the forecast period due to increasing demand from the secondary processed product industry.
BASF S.E., Borealis Agrolinz Melamine GmbH, Mitsui Chemicals Inc., Chemiplastica SPA, Allnex Belgium S.A., Eurotecnica, Qatar Melamine Company, Chimica Pomponesco S.P.A, and Hexza Corporation Berhad are among the major manufacturers of melamine formaldehyde.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the melamine formaldehyde market by product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Melamine Formaldehyde Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the melamine formaldehyde market by product type, end use industry, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Non-Methylated Formaldehyde
Methylated Formaldehyde segment
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Electrical Appliances
Household Appliances
Tableware
Adhesives
Paints & coatings
Packaging Segment
Molding Powder
Laminates
Coatings
Sanitary Ware
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/melamine-formaldehyde-market.aspx or helpdesk@lucintel.com.
About Lucintel
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