Market Trends of Triazine Industry
This section covers the major market trends shaping the Triazine Market according to our research experts:
Melamine to Dominate the Market
- Melamine dominates the market primarily due to the robust demand from laminates and wood adhesives.
- Melamine resins are the polymers of choice used in the outer or decorative layer of laminates, as well as in the manufacture of counter 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, which is used to saturate the overlay or decorative sheet, is prepared by reacting approximately two moles of formaldehyde per mole of melamine.
- Additionally, melamine or melamine/urea resins are among the most used adhesives for exterior and semi-exterior wood panels and for the preparation and bonding of both low- and high-pressure paper laminates and overlays.
- Because of their excellent water resistance, melamine- containing resins are preferred for the manufacture of structural beams, truck and railcar flooring, laminated lumber, exterior doors, marine plywood, toilet seats, and school furniture.
- The residential construction industry in Asia-Pacific is expanding at a very rapid rate, primarily from major economies, such as China, India, and ASEAN countries.
- Such rowing demand from various applications is boosting the demand for melamine and in turn triazine market.
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Asia-Pacific to Dominate the Market
- Asia-Pacific dominated the Triazine Market and is expected to witness a significant increase, over the forecast period.
- Increasing demand from the herbicides and dyes segments is likely to act as a driving factor for the Triazine Market studied in Asia-Pacific.
- Increasing construction activities across the region are in turn expected to boost the Triazine Market.
- Additionally, the rise in water treatment activities in the region owing to the increasing regulations is also adding to the growth of triazine in the region.
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