Global Melamine Formaldehyde Market 2017-2021 – Growing Demand for Melamine from the Automotive Industry – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Melamine Formaldehyde Market 2017-2021” report to their
offering.
The global melamine formaldehyde market to grow at a CAGR of 5.93%
during the period 2017-2021.
The report covers the present scenario and the growth prospects of the
global melamine formaldehyde market for 2017-2021. To calculate the
market size, the report considers the retail selling price as the
average selling price for the product. The report also includes a
discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is growing demand for
melamine from automotive industry. The increasing demand for melamine
from the automotive industry is presenting the global melamine market
with notable growth opportunities. Properties such as thermal insulation
and excellent chemical resistance make melamine formaldehyde an ideal
material for use in surface coatings and decorative laminates of
automobile interiors. Emerging automotive applications of melamine
listed below will fuel the demand and adoption of melamine in the
automotive industry during the forecast period.
According to the report, one of the major drivers for this market is
increasing demand from construction industry. Most countries, especially
the emerging ones in APAC, the Middle East, and Africa, have
significantly increased their expenditure on the construction industry.
This is attributable to the rise in disposable income, improved
standards of living, and the need for infrastructure development.
Further, the report states that one of the major factors hindering the
growth of this market is volatility in raw material prices. The price
volatility of raw materials used in for manufacturing melamine is a
major restraint faced by the vendors in the global melamine formaldehyde
market. Melamine is formed from methane, which is produced as a
byproduct of petroleum refining.
Key vendors
- allnex
- BASF
- Chemiplastica
- HEXZA CORPORATION BERHAD
- INEOS Melamines
Other prominent vendors
- Chemisol Italia
- Chimica Pomponesco
- Eternal Resin
- EUROTECNICA Contractors and Engineers
- Hexion
- Georgia-Pacific Chemicals
- Mitsui Chemicals
- Qatar Melamine
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/tr7qcl/global_melamine
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Related
Topics: Petrochemicals,
Oilfield
Chemicals
