Melamine Market Outlook- 2030
The global melamine market was valued at $1.7 billion in 2020, and is projected to reach $2.5 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.
Melamine, a white crystalline substance, is a member of the heterocyclic organic compound family and it contains 66% nitrogen by mass. When melamine is combined with formaldehyde and other agents, they give rise to formaldehyde and melamine resins under the process of polymerization. These resins are hard, glossy, durable, and exhibit intense heat, moisture, and stain resistance. Melamine foams find their application in insulation, soundproofing metal, and polymeric cleaning products like a magic eraser.
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The global demand for melamine market is primarily driven by growth in demand for laminates across the globe, rise in consumption of melamine in wood adhesive industry, and increased construction activities. Globally, there has been a significant undersupply to meet the demand for housing in Asia-Pacific. For example, in China, residential investment grew by about 13.9% during the first eleven months of 2019, reaching $1,518.9 billion. The area under residential construction during the period was recorded to have reached 6,276.73 million square meters, indicating a 10.1% growth. However, in countries such as the U.S., the value of new private residential buildings put in place has decreased from $5, 39,607.0 million in 2018 to $5, 14,629 million in 2019. In addition, COVID-19 has negatively affected the growth of the global residential construction sector in 2020. These trends in the global residential construction industry are likely to affect the demand for laminate flooring, kitchen cabinets, and furniture, which are likely to affect the demand for melamine resin. In addition, Adhesive, also known as glue, mucilage, or paste, is any non-metallic substance applied to one or both surfaces of two separate items that bind them together and resist their separation. Wood adhesives are specially made to bind wooden substances. The growth in construction activity has increased the application of wood creating scope for wood adhesives. In Japan, more than 58.9% of houses are built of wood, which has increased the application of wood adhesives. In glue-laminated beams (Glulam), the beams are structurally engineered and bonded together with moisture resistant adhesives. These are used as straight beams and columns, which include lintels, purlins, ridge beams, floor beams, tied rafters, and trusses in construction of buildings, where the application of wood adhesives is very high. Growth in construction activity in countries such as China, Japan, India, and U.S. are expected to drive the demand for wood adhesives. These factors are anticipated to drive the melamine market size during the forecast period.
Health and environmental concerns regarding formaldehyde emissions are a significant restraint to the melamine market growth. Melamine is commonly used in the production of resins, adhesives, and laminates, which often involve formaldehyde in the manufacturing process. Formaldehyde emissions pose health risks, including respiratory issues and carcinogenic effects, leading to growing consumer and regulatory scrutiny. Environmental regulations aimed at reducing hazardous emissions and promoting safer alternatives further challenge the adoption of melamine. As industries seek eco-friendly and low-emission materials, the demand for melamine decreases, impacting market expansion and encouraging the development of formaldehyde-free solutions to mitigate these concerns.
The rise in use of sustainable and eco-friendly products presents a significant opportunity for the melamine market as consumers and industries increasingly prioritize environmentally responsible materials. Melamine, known for its durability and versatility, is formulated to meet eco-friendly standards, making it suitable for various applications, including furniture, flooring, and kitchenware. In addition, the development of bio-based melamine resins aligns with sustainability trends, attracting manufacturers seeking to reduce their carbon footprint. As regulations tighten around the use of harmful substances, the shift toward sustainable melamine products is expected to enhance brand reputation and expand market reach, driving growth in this sector.
The melamine market size is segmented on the basis of type, application, and region. By type, it is bifurcated into melamine foam and melamine resin. By application, it is segmented into laminates, thermoset plastics, wood adhesives, surface coatings, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players that operate in the global melamine industry include Haohua Junhua Group Co, Ltd., OCI Nitrogen, BASF SE, Cornerstone Chemical Company, Qatar Melamine Company, Sichuan Golden Elephant Chemical, Mitsui Chemicals, Inc., Nissan Chemical Industries. Ltd., Methanol Holdings Limited, and Borealis AG.
Melamine Market, By Region
Asia-Pacific accounted for a major melamine market share in 2020. Owing to rise in construction activities and increase in demand for laminates, wood adhesives, and paints & coatings in countries such as China, India, and Japan, the usage of melamine has increased in the region. In Asia-Pacific, China dominates the melamine market. Despite volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government, in order to withstand the expansion in industrial and service sectors, has resulted in significant growth of the country’s construction industry in recent years. The construction industry in China was valued at about $1,096.69 billion in 2019, with a growth rate of about 12.8% compared to the previous year. Furthermore, the total new construction in Japan was accounted for about 127.55 million square meters in 2019 and reached about 113.74 million square meters in 2020, with a decline rate of about 10.5%, which led to a decrease in the consumption of construction materials such as laminates, wood adhesives, and paint & coatings, which, in turn, negatively impacted the demand for melamine in the regional melamine market. As the construction industry is dominated by state-owned enterprises, increased government spending boosts the industry in the country. This scenario may concrete the demand for melamine materials in the future. Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.
By Region
Asia-Pacific would exhibit an CAGR of 4.7% during 2021-2030
Melamine Market, By Type
The melamine resin segment accounted for a major share in the melamine market in 2020. Rapid industrialization across the globe is one of the key factors that drive the demand for melamine resin. Furthermore, a significant increase in the demand for melamine resin from various industries, such as construction, automotive, furniture, chemical, and packaging boost the demand for melamine. In line with this, in the construction industry, melamine resin is used for saturating decorative papers that are laminated under high heat and pressure. Owing to its various advantageous properties, such as thermal insulation and chemical resistance, it is being used for manufacturing automobile interiors in the form of decorative laminates and surface coatings, which act as another demand-inducing factor. Other factors, including rapid urbanization along with utilization of melamine resin and bamboo mixture for producing environment-friendly products are projected to drive the demand during the forecast period.
By Type
Melamine Resin is projected as the most lucrative segment.
Melamine Market, By Application
The laminates segment accounted for a major share in the melamine market in 2020.
Globally, there has been a significant undersupply to meet the demand for housing in Asia-Pacific. For example, in China, residential investment grew by about 13.9% during the first eleven months of 2019, reaching $1,518.9 billion. The area under residential construction during the period was recorded to have reached 6,276.73 million square meters, indicating a 10.1% growth. However, in countries such as the U.S., the value of new private residential buildings put in place decreased from $5, 39,607.0 million in 2018 to $5,14,629 million in 2019. In addition, COVID-19 has negatively affected the growth of the global residential construction sector in 2020. These trends in the global residential construction industry are likely to affect the demand for laminate flooring, kitchen cabinets, and furniture, thereby are likely to affect the demand for melamine resin.
By Application
Laminates is projected as the most lucrative segment.
Historical Trends in Melamine Market
- Introduction and Early Use (1930s): Melamine was first synthesized in 1834; however, its commercial production began in the 1930s. Initially used in the creation of laminates, adhesives, and coatings, it gained traction due to its durability and heat resistance.
- Growth in the 1960s and 1970s: The post-World War II era saw a surge in demand for melamine formaldehyde resins, particularly in the furniture and construction industries. Melamine became a popular choice for surface finishes and laminates due to its aesthetic appeal and functionality.
- Diversification of Applications (1980s-1990s): During the 1980s and 1990s, the melamine market expanded into new applications, including the automotive sector and household products. Its use in textiles, insulation materials, and decorative surfaces further diversified its market presence.
- Environmental Concerns and Regulations (2000s): The early 2000s brought increased awareness of environmental issues, leading to scrutiny of formaldehyde emissions from melamine-based products. This prompted manufacturers to develop low-emission alternatives and improve production processes to meet regulatory standards.
- Technological Innovations (2010s): Advances in manufacturing technologies and formulations enhanced the properties of melamine resins, resulting in improved performance, heat resistance, and durability. Innovations also focused on creating eco-friendly and sustainable melamine products.
- Market Recovery and Growth (Post-2010): Following a period of volatility due to economic downturns, the melamine market began to recover around 2015, driven by increased demand in construction, automotive, and consumer goods. The rise of urbanization and infrastructure development in emerging markets further supported growth.
- Sustainability Trends (2020s): The ongoing focus on sustainability and eco-friendly materials has led to a renewed interest in melamine. Manufacturers are increasingly exploring bio-based melamine resins and recycled materials, aligning with global trends toward sustainable practices.
Key benefits for stakeholders
- The global melamine market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the global melamine market forecast for the period 2021–2030.
- The report outlines the current global melamine market trends and future scenario of the global melamine market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global melamine market study.
Melamine Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | QATAR MELAMINE COMPANY, HAOHUA JUNHUA GROUP CO, LTD., OCI NITROGEN, CORNERSTONE CHEMICAL COMPANY, BOREALIS AG, BASF SE, Mitsui Chemicals, Inc., SICHUAN GOLDEN ELEPHANT CHEMICAL, METHANOL HOLDINGS LIMITED, NISSAN CHEMICAL INDUSTRIES. LTD. |
Analyst Review
According to the analyst, the global melamine market is anticipated to witness growth during the forecast period, driven by rise in demand for laminates and wood adhesive. The building and construction industries are growing globally at a very fast pace, and thus, is one of the drivers for the melamine market. Melamine is used in the building industry in items such as kitchen cabinets, countertops, partitions, flooring, and furniture. With development opportunities in commercial infrastructure, residential and non-residential sectors in almost every part of the world, the global construction industry has expanded exponentially, fueling overall growth in the market for melamine. In addition, melamine resins are fast-curing, can withstand high temperatures, and have excellent chemical resistance. These are used in the production of decorative laminates for car interiors and for the surface coating of automobiles. Melamine is a heat-reactive resin added to coatings to increase mar resistance and improve weather ability. Moreover, melamine resins coatings help to reduce solvent emissions in automotive, and thus have a positive impact on the environment. Rise in demand for melamine foam owing to its lightweight material suitable for components requiring high-temperature thermal insulation and sound absorption is anticipated to drive the market growth. With growth in automotive industry in various regions, the demand for melamine is anticipated to rise during the forecast period.
However, harmful effects of melamine due to their toxicity are expected to hamper the growth of the melamine market during the forecast period. Furthermore, growth in demand for decorative laminates is expected to provide growth opportunities for the melamine market during the forecast period.
Growing demand for laminates across the globe, rise in consumption of melamine in wood adhesive industry, and Increasing construction activities in across the globe, and Growing demand for decorative laminates are the driving factors and opportunities in the melamine market.
Strategic production and business expansion are the key growth strategies of melamine market players.
Asia-pacific region will provide more business opportunities for melamine in future.
Haohua Junhua Group Co, Ltd., OCI Nitrogen, BASF SE, Cornerstone Chemical Company, Qatar Melamine Company, Sichuan Golden Elephant Chemical, Mitsui Chemicals, Inc., Nissan Chemical Industries. LTD., Methanol Holdings Limited, and Borealis AG are the leading global players in the melamine market.
Melamine resin and laminates segment holds the maximum share of the melamine market.
Laminates, thermoset plastics, wood adhesives, and surface coatings companies across the globe are the potential customers of melamine industry
The global melamine market was valued at $1.7 billion in 2020, and is projected to reach $2.5 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.
The global melamine market analysis covers in-depth information of major industry participants, Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building, major countries have been mapped according to their individual revenue contribution to the regional market, the report provides in-depth analysis of the global melamine market forecast for the period 2021–2030, the report outlines the current global melamine market trends and future scenario of the global melamine market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets, and key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global melamine market study.
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