Dec 22, 2020   SOURCE: BusinessWire

Worldwide Melamine Formaldehyde Industry to 2025 - Growing Demand for Formica Laminated Furniture - ResearchAndMarkets.com

The "Melamine Formaldehyde Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The melamine formaldehyde market is expected to record at a CAGR of over 5% during the forecast period.

Companies Mentioned

  • Hexion
  • Georgia Pacific Chemicals
  • BASF SE
  • Prefere Resins Holding GmbH
  • AkzoNobel NV
  • Melamin kemina tovarna d.d. Koevje
  • Qatar Melamine Company
  • Pacific Texchem Private Limited
  • ALLNEX NETHERLANDS BV
  • Frati Luigi SpA
  • Cornerstone
  • Sprea Misr
  • Prefere Resins Holding GmbH
  • metadynea
  • Monomer-Polymer & Dajac Labs
  • BOC Sciences

Key Market Trends

Growing Demand for Formica Laminated Furniture

Decorative laminates are an attractive and safe way to keep the interior beautiful and to protect furniture from wear and tear, scratching, and fire risk. These products also help to increase the surface life span and provide them an eye-catching finish.

  • The principal use of melamine resin is the main constituent of high-pressure laminates, such as formica and arborite and laminate flooring. Additionally, it is used in plastic laminate and overlay materials.
  • A complexly interlinked polymer melamine formaldehyde is employed in plywood and particleboard adhesives, dishwasher-safe tableware, and automotive surface coatings.
  • Manufacturing of eco-friendly decorative laminates is expected to present lucrative growth opportunities for manufacturers to enhance the existing customer base and augmented market value share.
  • Hence, owing to the above-mentioned factors, the application of melamine formaldehyde as formica-laminated furniture is likely to dominate during the forecast period.

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region is expected to dominate the market for melamine formaldehyde during the forecast period. The growing infrastructural investments and economic growth of various developing nations, such as India and China, are expected to drive the demand for melamine formaldehyde in this region.

  • The largest producers of melamine formaldehyde are based in the Asia-Pacific region. Some of the leading companies in the production of melamine formaldehyde are BASF SE, Hexion, and AkzoNobel NV, among others.
  • The rising demand for decorative laminates is relatively high in developing countries, such as India and China, in the Asia-Pacific region due to the increasing population and the expanding economy.
  • The growing demand for cement is due to the increasing construction market in the Asia-Pacific region. The Asia-Pacific region construction spending is expected to be almost half of the total global construction spend by 2020, with China, Japan, Indonesia, South Korea, and Malaysia, expected to have the highest potential for market growth and profitability.
  • The rising textile chemical market in the APAC region, due to growing apparel and home furnishing industry, cotton and synthetic fibers, and urbanization, results in the rise of domestic demand in the Asia-Pacific region.
  • Owing to the above-mentioned factors, the market for melamine formaldehyde in the Asia-Pacific region is projected to grow during the study period.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand for Formica Laminated Furniture

4.1.2 Growth of the Construction and Cement Industry

4.2 Restraints

4.2.1 Government Regulation on the Toxicity of Formaldehyde

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

4.5 Price Analysis

4.6 Technological Snapshot

5 MARKET SEGMENTATION

5.1 Chemical Type

5.1.1 Iso-butylated Melamine Formaldehyde Resin

5.1.2 n-butylated Melamine Formaldehyde Resin

5.1.3 Other Chemical Types

5.2 Application

5.2.1 Laminates

5.2.2 Wood Adhesives

5.2.3 Molding Compounds

5.2.4 Paints and Coatings

5.2.5 Other Applications

5.3 Geography

5.3.1 Asia-Pacific

5.3.1.1 China

5.3.1.2 India

5.3.1.3 Japan

5.3.1.4 South Korea

5.3.1.5 Rest of Asia-Pacific

5.3.2 North America

5.3.2.1 United States

5.3.2.2 Canada

5.3.2.3 Mexico

5.3.3 Europe

5.3.3.1 Germany

5.3.3.2 United Kingdom

5.3.3.3 France

5.3.3.4 Italy

5.3.3.5 Rest of Europe

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle East & Africa

5.3.5.1 Saudi Arabia

5.3.5.2 South Africa

5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis**

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Use of Melamine Formaldehyde for Treatment of Organic Fraction of Municipal Solid Waste (OFMSW)

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/b1e8rh