Melamine Market Overview:
Global Melamine Market size and share is currently valued at USD 1,817.00 million in 2023 and is anticipated to generate an estimated revenue of USD 3,064.56 million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.0% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Melamine – Key Market Drivers
- Growing demand in construction for decorative laminates and furniture.
- Increasing use in automotive interiors and household goods due to durability and heat resistance.
- Expansion of the housing and real estate sectors, boosting demand for melamine-based products.
- Rising applications in flame-retardant materials for safety-focused industries.
- Technological advancements in melamine manufacturing, reducing costs and enhancing quality.
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Melamine – Market Scope
The melamine market covers its use in construction, automotive, furniture, and household applications. It is segmented by product type (melamine formaldehyde resin, melamine foam, others), end-use industries (construction, automotive, packaging), and geography. The market is expanding due to its applications in laminates, coatings, flame retardants, and adhesives. Rising demand for durable, heat-resistant, and aesthetically appealing materials in residential and commercial construction significantly drives the market scope, with innovations in sustainable and low-emission melamine products creating additional opportunities.
Key Companies in Melamine Market:
- Allnex Belgium S.A.
- BASF SE,
- Borealis AG
- Chemiplastica SP
- Cornerstone Chemical Company
- Grupa Azoty
- Haohua Junhua Group Co., Ltd.
- Henan Zhongyuan Dahua Group Co Ltd.
- Methanol Holdings (Trinidad) Limited
- Mevion Medical Systems
- Nissan Chemical Industries. Ltd.
- Qatar Melamine Company
- Sichuan Chemical Holdings Co. Ltd.
- Sichuan Golden Elephant Chemical Co.
- Xinji Jiuyuan Chemical Co. Ltd.
Melamine – Market Segmentation
The melamine market is segmented by product type into melamine formaldehyde resin, melamine foam, and others. By application, it covers construction, automotive, furniture, and packaging. Regional segmentation includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Melamine Market, Type Outlook (Revenue – USD Million, 2019-2032)
- Melamine Resin
- Melamine Foam
Melamine Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Laminates
- Wood Adhesives
- Molding Compounds
- Paints & Coatings
- Others
Melamine Market, End-Use Outlook (Revenue – USD Million, 2019-2032)
- Construction
- Automotive
- Chemical
- Textile
- Others
Melamine Industry Developments:
- February 2022: EuroChem proposed acquiring Borealis AG’s nitrogen, fertilizer, and melamine business. However, in March 2022, Borealis AG declined the offer but expressed interest in exploring future opportunities for its nitrogen business.
- September 2022: Eurotecnica secured two major contracts to build high-pressure melamine plants. The projects include facilities with production capacities of 60,000 tons and 80,000 tons per year, highlighting Eurotecnica’s expertise in advanced melamine manufacturing technology.
Melamine, with the chemical formula C3H6N6, is a nitrogen-rich organic compound used in various construction and industrial applications. It is utilized to manufacture laminates, glues, paints, flame retardants, and molding compounds. Melamine is commercially produced from dicyandiamide and urea.