Global Melamine Based Adhesive Market by Type (Melamine Formaldehyde, Urea-Melamine, And Melamine Urea Formaldehyde), by End Use Industries (Building & Construction, Automotive, Household, Paper & Packaging, Chemicals & Allied Industries, and others), by Region – Forecast till 2023
Key Players:
Key players in the global melamine based adhesives are Georgia-Pacific Chemicals LLC (U.S), OCI Nitrogen (Netherlands), National Casein (U.S.), Cornerstone Chemical Company (U.S.), SAVIOLA HOLDING SRL (Italy), Hexion (U.S.), INEOS (U.K.) and others.
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Global Intended Audience:
- Melamine based adhesives manufacturers
- Traders and distributors of melamine based adhesives
- Research and development institute
- Potential Investors
- Raw materials suppliers
- National laboratory
Market Segmentation:
The global melamine based adhesive market is segmented on the basis of type, end use industries, and region. Based on type the market is divided into melamine formaldehyde, urea-melamine, and melamine urea formaldehyde. Melamine formaldehyde is holding a major share in terms of demand among the others, on account of its application in construction industry. Applications of melamine formaldehyde include its use as a key constituent in manufacturing high pressure laminates such as Formica and Arborite. Apart from this, the use of melamine in making the kitchenware and utensils is driving the demand of melamine based adhesives. Following melamine formaldehyde, urea-melamine is majorly used melamine based adhesive.
Global melamine adhesives market is driven mainly by thriving building & construction industry. The increasing standard of living of people around the world is encouraging them to spend more on housing and other construction activities. Another key factor favoring the growth of melamine based adhesives market is the demand of portable housing to mitigate loss caused by natural disaster such as floods and earthquake. The melamine based adhesives effectively bound the light weigh construction materials which enable the easy excavation and reconstruction in case of natural calamity.
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Apart from this, light weight vehicles market witnessing the rise in demand on account of increasing need to reduce carbon emission. The use of wood in construction activities especially for aesthetic purpose is growing, which is projected to fuel the demand of melamine based wood adhesives. However, in recent years the carcinogenic effects of melamine have been noticed, which may influence the market dynamics. The toxicity level of melamine is also a matter of concern for the market. Nevertheless, the technological advancements to mitigate the adverse impacts of melamine on ecosystem are gaining the momentum.
Regional Analysis:
The key regions in the global melamine based adhesives are Asia Pacific, Europe, and North America. Other regions include Latin America and Middle East & Africa. Asia Pacific is the largest market in the global melamine based adhesives, holding major share of the overall market. It account for 45% of total share in the global melamine based adhesive market. China, India, and Japan are the major market in this region due to the presence of major end use industries such as construction and automobile. Europe is following Asia Pacific in term of the market size held by the region. Countries namely, Germany, France, U.K., and Italy are majorly contributing the regional market. The established automobile industry is evolving with an advent of light and electric vehicles. Growing popularity of light weight and electric vehicles to reduce the carbon emission is the key factor favoring the market of melamine based adhesives. North America is closely following Europe in terms of growth rate.
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