Updated at 2021-12-01 10:23:20 UTC
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.
The study was conducted using objective combination of primary and secondary information including inputs from key participants in the industry. The report contains comprehensive market and vendor landscape in addition to SWOT analysis of key vendors.
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Melamine adhesives are synthesized by combination of melamine with formaldehyde. Characteristic features exhibited by melamine adhesives such as high moisture durability, greater flexibility, and fire & heat resistance make it more preferable over its counterparts. In addition to this, relatively low cost of the melamine-based adhesives increases its competitiveness in the adhesives market. Melamine based adhesives find their applications in vast number of industries, wherein the key industries are building & construction, automotive, household, packaging, and others.
Among these, the building & construction industry is driving the growth of market due to rising demand of adhesives for making construction materials. During the forecast period the demand from construction industry estimated to head north. Apart from building & construction industry, global automotive industry production is growing at Y-o-Y of 9%, fueled by rising light weight vehicle production.
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. Its uses can be found in bonding the materials complex industrial processes such as warm water resistant grade panel and also moisture resistant grade panel. The low cost of raw material for synthesizing urea-melamine adhesive is an important factor propelling its demand over the others. Lastly, the melamine urea formaldehyde is used in making laminates such as manufacturing of flooring tiles from wood and bamboo, finger jointing of waste timber in saw mills.
In addition to this, there is an increasing demand of melamine urea formaldehyde in making aesthetic wooden items, and in polymeric and glass glazing is expected to fuel growth of the global melamine based adhesives.
On the basis of end use industries the global melamine market is segmented into building & construction, automotive, household, paper & packaging, and others.
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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. The important markets in this region are U.S, Mexico, and Canada. The demand of melamine based adhesives is driven mainly by automotive industry. Other regions are Latin America and Middle East & Africa, in which Latin America is anticipated to grow at higher CAGR on account of emerging end use industries. Middle East & Africa is expected to join the stream with leading regions in the global melamine based adhesives due to greater investment potential.
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