The Global Melamine Formaldehyde Market research report additionally talks about the diverse improvement plans and arrangements of the business, item details, the way toward assembling the item, creation volume, and item draft. Additionally, the report gives a clear overview of the business practicality, market methodologies, venture return investigation, item volume, free market activity proportion, and the business value chain.
The Global Melamine Formaldehyde Market accounted for USD 3.68 billion in 2017 and is projected to grow at a CAGR of 10.1% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2019 to 2026.
Melamine formaldehyde is derived from the polymerization of melamine and formaldehyde. It is a hard thermosetting plastic that is a highly versatile synthetic polymer which exhibits a range of properties such as high structural stability, high resistance to heat & fire than that compared to polypropylene and polyvinyl chloride. There is a growing demand for melamine formaldehyde in tableware, laminates, paints & coatings, adhesives, sanitary ware, electrical & household appliances activates, which is expected to be one of the major drivers of the market over the next seven years.
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Major Key players profiled in this report are:
Allnex, BASF SE, Chemiplastica, Hexza Corporation Berhad, INEOS Melamines, Chemisol Italia, Chimica Pomponesco, Eternal Resin, EUROTECNICA Contractors and Engineers, Hexion, Georgia-Pacific Chemicals, Mitsui Chemicals, Qatar Melamine. and many more.
Major Market Drivers:
- Growth in construction sector
- Growth of the furniture sector
- High demand in China
- Demand in packaging sector
On the basis of application, the market is segmented into tableware, laminates, paints & coatings, adhesives, sanitary ware, electrical & household appliances and others.
- On the basis of geography, the melamine formaldehyde market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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