Melamine Formaldehyde Market, By Application (Tableware, Laminates, Paints & Coatings, Adhesives, Sanitary Ware, Electrical & House, and Others), And By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jul 2023

Code : CMI4101

Pages :120

Formats :

Excel and PDF

Industry : Polymers and Resins

Market Challenges And Opportunities

Drivers

High demand for melamine formaldehyde

Robust growth in the construction industry is a prime factor propelling the market growth of the melamine formaldehyde. It is used as concrete plasticizer in the construction of rising buildings and other durable structures. Moreover, it helps to comply with green building standards when added to wood waste products which are widely used in the construction industry. Thus, growth in the construction industry is expected to augment the market growth of the melamine formaldehyde.

Rapid growth in the housing projects coupled with the tremendous growth in the population is again anticipated to foster the market growth of the melamine formaldehyde. High demand for melamine formaldehyde from China is expected to accelerate the market growth.

Market Restraints

The fluctuating price of raw materials used in the production of the melamine-formaldehyde

The fluctuating price of raw materials used in the production of the melamine-formaldehyde is expected to hinder the market growth. Melamine formaldehyde is manufactured by natural gas or urea feedstock.

Limited application of melamine formaldehyde as they are used only for surface coatings is leading to slow down of the global consumption of melamine formaldehyde.