Melamine Formaldehyde Market

Melamine Formaldehyde Market Outlook (2024 to 2034)

The global melamine formaldehyde market is set to reach a valuation of US$ 722.5 million in 2024, according to a recently updated industry report by Fact.MR. Worldwide sales of melamine formaldehyde are calculated to accelerate at a CAGR of 6.5% and reach US$ 1.36 billion by the end of 2034.

Expansion of the building & construction industry in several countries, especially India, China, and Brazil is attributed to rapid industrialization and infrastructural development. Increasing construction of residential and non-residential complexes is contributing to the rising consumption of melamine formaldehyde in products related to laminates, sanitary ware, paints & coatings, adhesives, electrical appliances, and tableware

Expansion of the furniture market is being complemented by the rising demand for luxury furniture, increasing popularity of multi-functional versatile furniture, and popular trends of home offices. This is subsequently contributing to rising demand for furniture, and in parallel, paints & coatings, laminates, and adhesives. These factors are driving demand for melamine formaldehyde as one of the vital components used in several products the furniture industry.

Melamine formaldehyde is used in the automotive sector due to its tolerance to heat and high strength. It is utilized in molding compounds for trimming ornamental panels and pieces in automotive interiors. An expansion of the automotive industry will contributing to the rising demand for melamine formaldehyde over the coming years.

• East Asia is evaluated to capture 26.2% of the global melamine formaldehyde market share by 2034.
• Sales of melamine formaldehyde in South Korea are analyzed to climb at a CAGR of 10% from 2024 to 2034.
• Worldwide demand for liquid melamine formaldehyde is evaluated to increase at 6.6% CAGR and reach a market value of US$ 778.4 million by the end of 2034.

Report Attribute	Detail
Melamine Formaldehyde Market Size (2024E)	US$ 722.5 Million
Forecasted Market Value (2034F)	US$ 1.36 Billion
Global Market Growth Rate (2024 to 2034)	6.5% CAGR
Japan Market Growth Rate (2024 to 2034)	7.3% CAGR
Market Share of Laminates (2034F)	15.9%
North America Market Share (2034F)	24.7%
Key Companies Profiled	Chimica Pomponesco S.p.A; BASF SE; Qatar Melamine Company; Chemplastica; Hexion; Allnex Belgium S.A.; Georgia Pacific Chemicals; Arclin Inc.; Prefere Resins Holding GmbH; Mitsui Chemicals; OCI Nitrogen BV; Eurotecnica.

Which Key Melamine Formaldehyde Market Trends are Driving its Demand?

“Rising Consumption of Melamine Formaldehyde in Construction Industry”

Continuous expansion of the construction industry is contributing to the rising consumption of melamine formaldehyde. It is widely employed in constructing high-rise skyscrapers and various other long-lasting constructions as concrete plasticizers. It is also combined with wood waste products used frequently in the construction industry. Melamine formaldehyde is helpful in matching green building criteria.

“Growing Requirements for Melamine Formaldehyde Resins in Furniture Industry”

One of the prominent consumers of melamine formaldehyde is the wood & furniture industry. Growing consumption of melamine formaldehyde is generating remunerative opportunities for market players. In addition, constant technical advancements in the furniture industry along with the growing preference for aesthetics in home interior are contributing to increasing market prospects.

What is Forecasted to Restrain Global Market Growth to Some Extent?

“Fluctuating Cost of Raw Materials and Stringent Environmental Restrictions”

Melamine formaldehyde market growth is being hampered to some extent by constant fluctuations in the cost of raw materials used in the production of this polymer. Urea or natural gas is generally used in manufacturing melamine formaldehyde, and fluctuations in their prices are contributing to increased cost of the final product. In addition, the implementation of stringent government regulations is also limiting the demand growth for melamine formaldehyde.

How are Startups Contributing to This Business Space?

“Expanding Melamine Formaldehyde Production Capacity”

New market players are focusing on increasing their production capacity. They are investing more in offering more effective melamine formaldehyde with improved durability and appearance. With improved chemical resistance, heat resistance, and hardness, melamine formaldehyde is becoming more popular among respective end users. Startups are leveraging these opportunities and offering more qualitative products to end users.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, through its recently updated report, opined that East Asia is analyzed to capture 26.2% share of the global market by 2034. The growing construction of housing buildings with the increasing population in the region is driving demand for melamine formaldehyde. Moreover, an expansion of the automotive and packaging industries is driving demand for melamine formaldehyde for production purposes.

What is Contributing to Expanding Melamine Formaldehyde Market Size in the United States?

“Surging Demand for Melamine Formaldehyde Products for Manufacturing Purposes across End-use Industries”

Attribute	United States
Market Value (2024E)	US$ 134.2 Million
Growth Rate (2024 to 2034)	6.3% CAGR
Projected Value (2034F)	US$ 246.2 Million

The United States is set to occupy a share of 73.5% of the North American market by the end of 2034. There is a noteworthy increase in the demand for melamine formaldehyde from various end-use industries, including vehicles, building & construction, consumer products, packaging, etc. It is consumed in these industries for manufacturing purposes. Laminates, plywood, and particleboards are made with the use of melamine formaldehyde resins.

Why is There Increased Consumption of Melamine Formaldehyde in China?

“Rising Use for Melamine Formaldehyde in Producing Furniture”

Attribute	China
Market Value (2024E)	US$ 91.7 Million
Growth Rate (2024 to 2034)	8.3% CAGR
Projected Value (2034F)	US$ 203.6 Million

China is evaluated to possess a share of 57.3% of the market in East Asia by the end of 2034. The country has one of the well-established furniture industries. The availability and production of a wide variety of domestic furniture goods in multiple combinations and styles is contributing to the escalating demand for melamine formaldehyde for production purposes. Increasing housing projects along with population growth is having a positive impact on the demand for melamine formaldehyde. Moreover, increasing demand for laminates in the country due to constant industrialization and urbanization is contributing to rising melamine formaldehyde sales.

What is the Market Scenario for Melamine Formaldehyde in Japan?

“Robust Automotive Industry Generating Demand for Melamine Formaldehyde”

Attribute	Japan
Market Value (2024E)	US$ 50.4 Million
Growth Rate (2024 to 2034)	7.3% CAGR
Projected Value (2034F)	US$ 102.3 Million

Japan is approximated to account for 28.8% of the East Asian market share by 2034. An expansion of the automotive industry in the country is driving demand for melamine formaldehyde resins. Their ability to withstand high temperatures, excellent chemical resistance, and fast curing features are contributing to increased popularity. In addition, melamine formaldehyde is used in surface coatings and for decorative laminates utilized in automotive interiors.

Category-wise Insights

This recently updated report by Fact.MR, asserts that a significant portion of melamine formaldehyde is consumed in laminates. Its increased use is attributed to various features, including discoloration resistance, durability, clarity, and hardness.

Which Form of Melamine Formaldehyde is Gaining Prominence among End Users?

“Growing Consumption of Liquid-based Melamine Formaldehyde”

Attribute	Liquid
Segment Value (2024E)	US$ 412.5 Million
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 778.4 Million

Liquid-based melamine formaldehyde is calculated to possess 57.4% share of global market revenue by 2034. The increasing demand for liquid melamine formaldehyde is attributed to its growing use for lamination on particleboard, glazing, and flooring for providing resistance to humidity.

Which End Use is Projected to Bring in High Profits for Melamine Formaldehyde Suppliers?

“Surging Popularity of Melamine Formaldehyde for Use in Laminates”

Attribute	Laminates
Segment Value (2024E)	US$ 132.9 Million
Growth Rate (2024 to 2034)	5% CAGR
Projected Value (2034F)	US$ 215.6 Million

Laminates are forecasted to hold a share of 15.9% of global market revenue by the end of 2034. Melamine formaldehyde resins are employed in manufacturing laminates, which are utilized in tabletops, furniture, kitchen cabinets, flooring, etc. Discoloration resistance, high durability, and hardness of this resin contribute to its increased consumption in laminates. In addition, wear resistance, transparency, etc., are making melamine formaldehyde a preferred choice instead of phenolic resins, which are opaque and dark-colored.

Surface paper, decorating paper, and bottom paper are manufactured from a multilayer structure of melamine formaldehyde sheets to protect the design and pattern of the ornamental paper. In addition, it is also used to solidify, brighten, and harden the surface while improving durability and wear resistance.

Competitive Landscape

Some of the key players in the melamine formaldehyde market are focusing on providing innovative solutions. They are leveraging R&D capabilities to extend their product pipelines and promote value-based solutions. Offering quality products, management of respective supply chain systems, and new product development are some key strategies incorporated by market players to expand footprints and enrich product portfolios.

For instance :

• BASF SE, in March 2022, started offering coating solutions based on melamine formaldehyde for application on wood for improving its durability and appearance. It contains molding components making the surface robust with some other properties, including chemical resistance, heat resistance, hardness, etc.

Fact.MR provides detailed information about the price points of key manufacturers of melamine formaldehyde positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Melamine Formaldehyde Market Research

• By Type :

  • Methylated
  • Non-methylated

• By Form :

  • Liquid
  • Powder

• By End Use :

  • Laminates
  • Wood Adhesives
  • Molding Powder
  • Coatings
  • Other End Uses

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA