The Global Melamine Formaldehyde Market accounted and is projected to grow at a CAGR of 10.1% during the forecast period of 2019 to 2026.
Melamine formaldehyde is derived from the polymerization of melamine and formaldehyde. It is a hard thermosetting plastic that is a highly versatile synthetic polymer which exhibits a range of properties such as high structural stability, high resistance to heat & fire than that compared to polypropylene and polyvinyl chloride. There is a growing demand for melamine formaldehyde in tableware, laminates, paints & coatings, adhesives, sanitary ware, electrical & household appliances activates, which is expected to be one of the major drivers of the market over the next seven years.
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Major Key players profiled in this report are:
Allnex, BASF SE, Chemiplastica, Hexza Corporation Berhad, INEOS Melamines, Chemisol Italia, Chimica Pomponesco, Eternal Resin, EUROTECNICA Contractors and Engineers, Hexion, Georgia-Pacific Chemicals, Mitsui Chemicals, Qatar Melamine. and many more.
This market research report is an expert and top to bottom research report giving the world’s major local economic situations of the business, covering primary areas and the fundamental nations, for example, North America, Europe, China, Japan, and Southeast Asia. It focuses on detailed portrayal of the main key players over the globe, for fundamental comprehension of competition. The report additionally advanced a total diagram of market for development factors.
Major Market Drivers:
- Growth in construction sector
- Growth of the furniture sector
- High demand in China
- Demand in packaging sector
- On the basis of application, the market is segmented into tableware, laminates, paints & coatings, adhesives, sanitary ware, electrical & household appliances and others.
- On the basis of geography, the melamine formaldehyde market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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