Melamine market is expected to witness substantial growth owing to increasing demand from laminates and wood adhesives market. Rising disposable income coupled with changing lifestyle of consumers are expected to be key market drivers for melamine market. Melamine market is segmented on the basis of applications such as laminates & wood adhesives, molding powder and paints & coatings. Melamine formaldehyde is also widely used in production of various dinnerware and food containers. Furthermore, growing use of melamine in high resistance concrete and carbon nanotubes is anticipated to increase market growth. Laminates & wood adhesives accounted for the largest share of the melamine market followed by molding powder. Laminates & wood adhesives are expected to be the fastest growing market for melamine owing to growing demand from consumers. One of the key upcoming trends in this market is the growing demand for melamine in the automotive industry due to increasing use in various automotive applications. However, toxicity levels associated with melamine pose as major market threat.
Asia Pacific accounted for the largest market share for melamine market owing to large concentration of laminates & adhesives in the region. China was the largest market in Asia Pacific in 2013 and is expected to dominate the market due to growing infrastructure development and favorable regulations supporting industrial growth. RoW is expected to portray significant growth due to large demand from end-use applications particularly in Middle East. Europe held the second largest market share in 2013. However, Europe is expected to witness sluggish growth owing to its slow recovery from the economic downturn. Furthermore, stringent regulations related to the use of toxic chemicals in Europe pose as a major barrier for melamine market growth. North America contributed for a least market share in the melamine market. However, this share is expected to increase due to growing demand for melamine from the automotive and construction industry.
Melamine industry includes key players such as BASF SE, Sichuan Golden Elephant Chemical Co, OCI Melamine, Sichuan Chemical Holdings Co. Ltd., Shandong Liaocheng Luxi Chemical Co, Qatar Melamine Co, Cornerstone Chemical Company, Mitsui Chemicals Inc, Shanxi Fenghe Melamine Co, Mitsui Chemicals Inc. and Henan Zhongyuan Dahua Group Co Ltd.
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