GlobalMelamine-based Adhesives Market is anticipated to reach US$ XX Mn by 2026from US$ XX Mn in 2020 at a CAGR of 3% during a forecast period.
Global Melamine-based AdhesivesMarket Overview
Melamine-based Adhesives areproduced by a combination of melamine with formaldehyde. Melamine-basedadhesives give a thermosetting polymer in combination with a curing agent withacid to reduce ph. Properties like high moisture durability, greaterflexibility, and fire & heat resistance make it more desirable over itscounterparts and the low cost of the melamine based adhesives increases itscompetitiveness in the adhesives market.
The industries like building &construction, automotive, household, packaging, and others are among the keyindustries, which use melamine based adhesives widely. The constructionindustry mainly is driving the growth of the market owing to the rising demandfor adhesives for making construction materials.
The report provides a detailedstudy of key market dynamics, market segmentation and regional analysis. Themarket study contains detailed insights about how the Global Melamine-basedAdhesives Market is anticipated to grow during the forecast period.
Global Melamine-based AdhesivesMarket Dynamics
The Asia Pacific and Latin Americaare expected to drive the melamine based adhesive market due to the rise in theconstruction sector in the region. Similarly, the loss due to naturalcalamities has created the demand for portable housing, where consumer spendingon housing and construction activities are expected to boost the melamine basedadhesives market. A feature like the binding of lightweight materials inconstruction and vehicles is expected to create opportunities for the globalmelamine-based adhesives market.
Also, the use of wood inconstruction activity for easy reconstruction in case of tragedies is drivingthe growth of Melamine-based Adhesives globally. In the United States, the totalvalue growth of new construction was about 4.5% in the year 2019. This led toan increase in the demand for laminates, wood adhesives and paints andcoatings, which in turn fuels the demand for the melamine market in the region.
The restrain factor like the highcarcinogenic effect is expected to hamper the growth of the melamine basedadhesive market globally.
Global Melamine-based AdhesivesMarket Segmentation Analysis
Global Melamine-based AdhesivesMarket Segmentation, by Type:
Melamine formaldehyde holds a majorshare in terms of demand among others, due to its application in theconstruction industry as it is clear, transparent, wear-resistant, and oftenserves as surface dipping material. Similarly, the Urea-formaldehyde segment isexpected to hold a major share of the global melamine based adhesives marketduring the forecast period. Formaldehyde and Urea-formaldehyde are used in themanufacture of wood-based panels for indoor, in making kitchenware and utensilsand to covered exterior applications. Where urea melamine is commonly used forbonding the materials complex industrial processes such as warm water-resistantgrade panel and also moisture resistant grade panel.
In addition, urea-formaldehyde isalso used for making laminates, making flooring tiles from wood, joiningsawmills. These applications are creating demand for the melamine adhesivemarket to grow globally during the forecast period.
Global Melamine-based AdhesivesMarket Segmentation, by End-Use Industry:
The construction industry holds amaximum share of XX% in the global melamine adhesive market. The rise ininvestment of constructional activities globally is the main factor for thegrowth of the melamine adhesive market. Similarly, developing countries areinitiating infrastructure activities for the economic development of thecountry, which is expected to boost the market of Melamine-based Adhesives inthe region.
In the automotive industry,Melamine-based Adhesives are used for bonding lightweight parts is gainingdemand as the automotive industry is rising continuously across the globe. Inthe household industry for making kitchenware and utensils, Melamine-basedAdhesives are widely used wherein in upcoming years the stainless steelutensils are expected to be replaced by polymer Melamine-based Adhesives. Thisis anticipated to boost the demand for melamine based adhesives during theforecast period.
In aerial packaging, vacuumpackaging, and hot packaging the melamine adhesives are used to prevent moistureand gas. These have created a demand for Melamine-based Adhesives in thepackaging industry.
GlobalMelamine-Based Adhesives Market by End Use
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Global Melamine-based Adhesives MarketRegional Analysis
Global Melamine-Based AdhesivesMarket by Regional
Asia Pacific holds a major share of45% in the global melamine-based adhesives market and is expected to hold XX%during the forecast period due to the rise in construction activities anddemand from end-user industries like construction, automotive, household, paper& packaging, chemicals & allied industries. The growth rate of theChinese construction industry in 2019 was about 12.8%, which is the leadingconsumer and producer of Melamine-based Adhesives due to the availability ofraw material and the government’s initiative for commercial buildings in theregion. Similarly, countries in the Asia Pacific such as India, Japan, andSouth Korea are also consumers of melamine-based adhesives. In the year 2019,Germany was the key consumer of Melamine-based Adhesives due to growth inbuilding & construction activities and expansion in the automotive industryin the country.
North America and Europe areexpected to witness the rise in the Melamine-based Adhesives market due to theincrease in the paper and packaging industry and the existence of a largenumber of manufacturers such as Georgia-Pacific Chemicals, Cornerstone, andHexionmanufactures.
In 2019 total new construction inJapan declined at the rate of 10.5%. This decreased the consumption ofconstruction material, which in return is expected to hamper the Melamine-basedAdhesives market during the forecast period.
Global Melamine-Based AdhesivesMarket by Region
Global Melamine-based AdhesivesMarket Scope: Inquire before buying
Global Melamine-Based AdhesivesMarket by Scope
Global Melamine-based AdhesivesMarket by Region:
• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Melamine-based AdhesivesMarket Key Players
• Georgia-Pacific Chemicals
• OCI Nitrogen
• National Casein Corporation
• Cornerstone
• Saviola Holding srl
• Hexion
• INEOS
• Borealis AG
• Prefer Resins Holding GmbH
• Grupa Azoty
• Sichuan energy industryinvestment group co., Ltd
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