Melamine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Melamine-based Adhesives Market Analysis Report is segmented by Application (Laminates, Wood Adhesives, Molding Compounds, Paints and Coatings, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecast in terms of volume (kilo tons) for the abovementioned segments.

Melamine-based Adhesives Market Size

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Melamine Market - Market Summary
Study Period 2019 - 2029
Market Volume (2024) 1.87 Million tons
Market Volume (2029) 2.30 Million tons
CAGR (2024 - 2029) 4.15 %
Fastest Growing Market Asia-Pacific
Largest Market Asia Pacific

Major Players

Melamine Market

*Disclaimer: Major Players sorted in no particular order

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Melamine-based Adhesives Market Analysis

The Melamine Market size is estimated at 1.87 Million tons in 2024, and is expected to reach 2.30 Million tons by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).

The melamine market was negatively impacted during the COVID-19 pandemic in 2020. The market improved in 2021. With construction and automotive manufacturing activities recovering from the lockdown, the demand for construction materials such as laminates, paints, and coatings, and wood adhesives increased. The construction industry is recovering rapidly and is estimated to grow further in the coming years, which may boost the demand for melamine.

  • Over the short term, the rising demand for laminates, coatings, and wood adhesives from the construction industry is expected to drive the market's growth.
  • The availability of substitutes like liquefied wood, soy, and powder coatings and increasing consumer concerns about formaldehyde emissions from melamine-based molding compounds are expected to hinder the market's growth.
  • However, the increasing trend of melamine-based foams is likely to act as an opportunity in the future.
  • Asia-Pacific dominates the market across the world, with the largest consumption from China and India.

Melamine-based Adhesives Market Trends

This section covers the major market trends shaping the Melamine Market according to our research experts:

Laminates Segment to Dominate the Market

  • Melamine resins are the polymers of choice used in the outer or decorative layer of laminates and in manufacturing counters and tabletops, kitchen cabinets, flooring, furniture, etc.
  • Melamine resins impart a hardness, transparency, stain resistance, freedom from discoloration, and overall durability. For this application, the resin used to saturate the overlay or decorative sheet is prepared by reacting approximately two moles of formaldehyde per mole of melamine.
  • These sheets are commonly applied to the surface decoration projects, such as walls, columns, tabletops, furniture, and suspended ceilings.
  • According to the Canadian Construction Association, the construction sector is one of Canada's largest employers and a major contributor to the country's economic success. It is the backbone of the country's economy. As per the Canadian Construction Association, the construction sector employs more than 1.4 million people and generates about USD 141 billion for the Canadian economy annually. Also, the industry accounts for 7.5% of the country's Gross Domestic Product (GDP).
  • According to the US Census data, the total construction spending in February 2022 was around USD 1,704.4 billion compared to USD 1,695.5 billion in January 2022.
  • As per the United States Census Bureau, the residential construction industry in the United States was valued at USD 929.7 billion in July 2022, as compared to USD 815.5 billion in July 2021, registering a growth of 14%. The aging houses signal a growing remodeling market, as old structures normally need to add new amenities or repair/replace old components. Rising home prices in the country have also encouraged homeowners to spend more on home improvements.
Melamine Market - Volume CAGR (%), by Application, Global, 2023-2028

Asia-Pacific to Dominate the Market

  • The Asia-Pacific region dominates the overall market share. With growing construction activities and the increasing demand for laminates, wood adhesives, and paints and coatings in China, India, and Japan, the usage of melamine is increasing in the region.
  • China accounts for more than one-fourth of the global coatings market. According to the China National Coatings Industry Association, the industry registered a 7% growth in recent years.
  • The Chinese government rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities over the next 10 years. Such plans will increase the demand for paints where melamine is used to prepare paints.
  • The overall Chinese construction industry is expected to increase by 4.6% in real terms in 2023-2026. According to the report published by the National Bureau of Statistics of China, transportation investment increased by 6.7% in the first half of 2022.
  • The Indian government launched the Delhi-Mumbai Industrial Corridor program in collaboration with the Japanese government, which aims at developing new industrial cities with an investment of 200 billion USD in the Delhi-Mumbai Industrial Corridor region. Similar programs may be launched in regions such as the Bangalore Chennai Corridor etc.
  • According to the Civil Aviation Administration of China, the government has resumed construction work on more than 80% of total airport projects, representing 65 airport projects across the country. Out of these, 27 airports are national major airport projects. Such projects are expected to increase the demand for melamine.
Melamine Market - Growth Rate by Region, 2023-2028

Melamine-based Adhesives Industry Overview

The melamine market is fragmented, and the top five players account for around 40% of the total production capacity. These companies include (not in any particular order) OCI NV, Borealis AG, Henan Xinlianxin Chemicals Group Co. Ltd, Prefere Resins Holding GmbH, and Grupa Azoty.

Melamine-based Adhesives Market Leaders

  1. OCI NV

  2. Borealis AG

  3. Prefere Resins Holding GmbH

  4. Grupa Azoty

  5. Henan Xinlianxin Chemicals Group Co. Ltd

*Disclaimer: Major Players sorted in no particular order

Melamine Market Concentration
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Melamine-based Adhesives Market News

  • In March 2022, Borealis AG declined the offer of EuroChem for the acquisition of its melamine, nitrogen, and fertilizer business. The company received this offer in February 2022 from EuroChem. The company is open to considering options for its nitrogen business.
  • In September 2022, Eurotecnica announced the award of two large contracts for implementing high-pressure melamine plants with capacities of 60,000 tons and 80,000 tons per year, respectively.

Melamine-based Adhesives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Strong Demand from the Construction Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Increasing Consumer Concerns About Formaldehyde Emission from Melamine-based Molding Compounds

      2. 4.2.2 Availability of Substitutes, like Liquefied Wood, Soy, and Powder Coatings

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Feedstock Analysis and Trends

    6. 4.6 Production Process

    7. 4.7 Import-export Trends

    8. 4.8 Price Trends

    9. 4.9 Patent Analysis

    10. 4.10 Regulatory Policy Analysis

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Application

      1. 5.1.1 Laminates

      2. 5.1.2 Wood Adhesives

      3. 5.1.3 Molding Compounds

      4. 5.1.4 Paints and Coatings

      5. 5.1.5 Other Applications (Flame Retardants and Textile Resins)

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Russia

        6. 5.2.3.6 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Borealis AG

      3. 6.4.3 Cornerstone Chemical Company

      4. 6.4.4 Grupa Azoty

      5. 6.4.5 Gujarat State Fertilizers & Chemicals Limited (GSFC)

      6. 6.4.6 Prefere Resins Holding GmbH

      7. 6.4.7 Methanol Holdings (Trinidad) Limited (MHTL)

      8. 6.4.8 Mitsui Chemicals Inc.

      9. 6.4.9 Hexion

      10. 6.4.10 Nissan Chemical Corporation

      11. 6.4.11 OCI NV

      12. 6.4.12 Qatar Melamine Company

      13. 6.4.13 Sichuan Chemical Works Group Ltd

      14. 6.4.14 Henan Xinlianxin Chemicals Group Co. Ltd

      15. 6.4.15 Eurochem Group

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Trend of Melamine-based Foams

**Subject to Availability
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Melamine-based Adhesives Industry Segmentation

Melamine is a nitrogen-rich organic chemical compound with the formula C3H6N6 that has several industrial and construction applications, including manufacturing glues, laminates, molding compounds, paints, and flame retardants. It can be manufactured commercially from two raw materials - urea and dicyandiamide. The melamine market is segmented by application and geography. By application, the market is segmented into laminates, wood adhesives, molding components, paints and coatings, and other applications. The report also covers the market size and forecast for the melamine market in 16 countries across major regions. For each segment, the market sizing and forecast have been done based on volume (kilo tons).

Application
Laminates
Wood Adhesives
Molding Compounds
Paints and Coatings
Other Applications (Flame Retardants and Textile Resins)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Melamine-based Adhesives Market Research FAQs

The Melamine Market size is expected to reach 1.87 million tons in 2024 and grow at a CAGR of 4.15% to reach 2.30 million tons by 2029.

In 2024, the Melamine Market size is expected to reach 1.87 million tons.

OCI NV, Borealis AG, Prefere Resins Holding GmbH, Grupa Azoty and Henan Xinlianxin Chemicals Group Co. Ltd are the major companies operating in the Melamine Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Melamine Market.

In 2023, the Melamine Market size was estimated at 1.8 million tons. The report covers the Melamine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Melamine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Melamine Industry Report

Statistics for the 2024 Melamine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Melamine analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Melamine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)