Melamine Market to Record 4.08% CAGR | Market Size is Expected to Grow by USD 367.47 Mn, Says Technavio

NEW YORK, Nov. 22, 2021 /PRNewswire/ -- The melamine market size is set to grow by USD 367.47 million from 2020 to 2025, according to Technavio.

Attractive Opportunities in Melamine Market by Application and Geography - Forecast and Analysis 2021-2025

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Factors such as increasing demand from the construction industry will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The melamine market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Melamine Market 2021-2025: Segmentation

  • Application
    • Laminates
    • Adhesives Resins
    • Coating Resins
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

To know the impact of each segment and make informed business decisions: https://www.technavio.com/talk-to-us?report=IRTNTR41624

Melamine Market: Geographical Landscape

APAC will register the highest growth rate of 58% among the other regions. Therefore, the melamine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period. China, India, and Japan are the key markets for melamine in the region. 

Melamine Market 2021-2025: Vendor Analysis and Scope

Some of the major vendors of the Melamine Market include BASF SE, Borealis AG, Cornerstone Chemical Co., Grupa Azoty SA, Luxi Chemical Group Co. Ltd., Mitsui Chemicals Inc., Nissan Chemical Corp., OCI NV, Prefere Resins Holding GmbH, and Proman AG. To help businesses improve their market position, Technavio's report provides a detailed analysis of vendors operating in the market.

The report also covers the following areas:

  • Melamine Market size
  • Melamine Market trends
  • Melamine Market analysis

Market trends such as growth in the automotive industry is likely to positively impact the market growth. However, factors such as the availability of substitutes may threaten the growth of the market.

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Melamine Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist melamine market growth during the next five years
  • Estimation of the melamine market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the melamine market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of melamine market vendors

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Melamine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.08%

Market growth 2021-2025

USD 367.47 million

Market structure

Fragmented

YoY growth (%)

3.20

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 58%

Key consumer countries

China, US, India, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BASF SE, Borealis AG, Cornerstone Chemical Co., Grupa Azoty SA, Luxi Chemical Group Co. Ltd., Mitsui Chemicals Inc., Nissan Chemical Corp., OCI NV, Prefere Resins Holding GmbH, and Proman AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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SOURCE Technavio

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