H1 2023: The leading Melamine producers in H1 2023 were Borealis AG, Xinji Energy Chemical Co. Ltd., and Shandong Liaherd Chemical Industry Co., Ltd. Based on region, Asia Pacific region was the biggest consumer of Melamine in H1 2023. However, melamine prices faced fluctuations during H1 2023. In China, the price of melamine decreased in January 2023. Fresh stock demand was insufficient, and there was also a lackluster upstream procurement. The excess of availability of product and the weak demand support had an impact on the fundamentals of market trading. Due to weak economic conditions, the demand for Melamine from the downstream laminate industries was muted. The prices kept declining till May 2023. Due to a sluggish demand outlook and poor feedstock (urea) prices, melamine prices continued to decline. The price of raw material urea continued to decline and cost support weakened, downstream demand was hazy, and new order placement was low, which led to a decline in melamine prices in Asian nations. There was an oversupply in the Asian nations and demand for downstream products (furniture and laminates) was sluggish in the Asian market. In China, prices rose in May and then declined from the end of May 2023 to June 2023. Melamine prices dropped in China as a result of the high stock tension and market inconsistencies in consumption.
The global Melamine market has reached nearly 1240 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.87% during the forecast period until 2032.
Melamine is a compound with the chemical formula C₃H₆N₆. Melamine and formaldehyde (MF) resins are easily produced by the reaction of melamine and formaldehyde. Melamine-urea-formaldehyde (MUF), hexamethoxymethyl, etherified melamine, and melamine pyrophosphate are a few further varieties of melamine resins. MF resins are used to create laminated wooden panels. These resins are widely used in building applications such as remodelling, furniture, and specialty laminates for electrical applications because they have strong resistance to heat, stain, abrasion, and chemical reaction.
The key causes driving the melamine industry is the hike in demand from wood adhesives and laminates application, the increase in levels of disposable income, and changes in customer preferences and lifestyles. Due to rising customer demand, laminates and wood adhesives are predicted to be the melamine market that expands the fastest. The growing demand for melamine in the automotive industry as a result of its expanding use in numerous automotive applications is one of the major emerging trends in this market. The demand for melamine is also significantly increased by a variety of industries, including construction, automotive, furniture, chemicals, and packaging. In keeping with this, decorative sheets that are laminated using high heat and pressure are saturated with melamine resin in the building business. It is utilised to manufacture automotive interiors in the form of decorative laminates and surface coatings due to its many features, including thermal insulation and chemical resistance, which serves as another demand-inducing element for the global melamine market.
The global Melamine market is expected to reach around 1800 thousand tonnes by 2032. Asia Pacific is the leading consumer of Melamine among all other regions followed by Europe and North America. In 2022, this region consumed approximately 55% of the Melamine in 2022. Additionally, it is anticipated that the expanding construction sector in this area would increase product demand due to the region's increased disposable income and standard of living. Melamine usage is rising in the region as a result of expanding building activity and rising demand for laminates, wood adhesives, paints, and coatings in China, India, and South Korea. Based on capacity by location, China is in the leading position with the majority of production activities happening in the nation.
Based on the end-user industry, the Melamine market is divided into Laminates, Wood Adhesives, Moulding Compound, Surface Coating, and Others. Among these, Laminates industry is the largest end-user market of Melamine. In 2022, this industry consumed roughly 48% of the global Melamine market. Melamine boards are created by pressing a mixture of melamine and formaldehyde into flexible, incredibly strong sheets. Because of their excellent visual appeal, wear- and scratch-resistant qualities, and reasonable price, they have a wide range of uses. Melamine adhesives offer a remarkably solid bond without endangering the cabinet. Adhesives, as opposed to screws, equally distribute the joint's tension throughout the panel.
Significant companies in the Global Melamine market are Gujarat State Fertilizers & Chemicals Limited, Shandong Liaherd Chemical Industry Co., Ltd, Xinji Energy Chemical Co. Ltd., Henan Zhong Yuan Dahua, Chongqing Jianfeng Industrial Group Co., Ltd., Mitsui Chemicalsm, OCI Nitrogen, Grupa Azoty S.A, Borealis AG, BASF SE, Azot Nevinnomyssk , Qatar Melamine Company, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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The objective of the Study:
•To assess the demand-supply scenario of Melamine, which covers the production, demand, and supply of Melamine around the globe.
•To analyze and forecast the market size of Melamine.
•To classify and forecast the Global Melamine market based on end-use and regional distribution.
•To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., for the Melamine market.
To extract data for the Global Melamine market, primary research surveys were conducted with Melamine manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst could include manufacturers that could not be identified because of the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Global Melamine market over the coming years.
ChemAnalyst calculated Melamine demand around the globe by analyzing the historical data and demand forecast, which was carried out considering the production of raw materials to produce Melamine. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Melamine manufacturers and other stakeholders
• Organizations, forums, and alliances related to Melamine distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Melamine manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Melamine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1240 thousand tonnes
Market size Volume by 2032
1800 thousand tonnes
Growth Rate
CAGR of 3.87% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Laminates, Wood Adhesives, Moulding Compound, Surface Coating, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What is the expected global market size of Melamine in terms of volume for 2032?
Ans:
The global market size of Melamine is expected to reach approximately 1800 thousand tonnes by 2032, with an expected CAGR of 3.87% till 2032.
Q2.
What are the major end-use industries of Melamine?
Ans:
Melamine is used in a wide range of end use industries including Laminates, Wood Adhesives, Moulding Compound, Surface Coating, and Others.
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