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Global Melamine Formaldehyde Market Segment up to 2019: Transparency Market Research
  • USA - English


News provided by

Transparency Market Research

Sep 30, 2014, 14:00 ET

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Transparency Market Research
Transparency Market Research

Global Melamine Formaldehyde Market Segment upto 2019: Transparency Market Research

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Albany, New York (PRWEB) September 30, 2014 -- Melamine resin or Melamine formaldehyde is an organic, heterocyclic compound made from polymerizing melamine and formaldehyde to form a hard, thermosetting plastic material. Melamine when in its butylated form is dissolved in xylene and n-butanol. Nitrogen being a major constituent in the melamine structure makes melamine formaldehyde extremely flame retardant by nature. Melamine formaldehyde is formed by cross-linking this product with other products such as epoxy, acrylic, alkyd, and polyester resins. MF has some beneficial physical characteristics over Urea resins. It is moisture-resistant, hard, and stronger than urea formaldehyde. Melamine formaldehyde is very similar to conventional Urea formaldehyde. It is included in either catalyzed gas phase or high pressure liquid phase reactions. Nevertheless, melamine formaldehyde (MF) shows excellent properties when cross-linked and has a broad range of industrial applications.

Browse Full Melamine Formaldehyde Market Research Report With Complete TOC @ http://www.transparencymarketresearch.com/melamine-formaldehyde-market.html

According to a leading market research report, the global demand for the melamine formaldehyde was valued at USD 13.45 billion in 2012, and is expected to reach USD 20.62 billion in 2019, growing at a CAGR of 6.3% between 2013 and 2019. The melamine formaldehyde market is expected to grow year-on-year due to the high demand for melamine formaldehyde from end-use segments such as furniture, construction, automobile, textile, and paper among others.

  • Melamine Formaldehyde Market – By Applications

Considering melamine formaldehyde on the basis of its applications, this market is comprised of various segments including paints and coatings, laminates & wood adhesives, and molding powder among others. The use of MF is also seen in high-quality chipboards and light duty decorative panels for furniture applications. Another great impact of MF is seen in kitchenware, tableware, and other molded domestic table applications.

One of the biggest consumers of melamine formaldehyde observed in the last few years is the laminate industry. Laminates is expected to grow at a CAGR of 5.6% from 2013 to 2019. Laminates manufactured with the help of melamine formaldehyde have strong resistive properties against fire, UV, light, and water elements which make it exceedingly suitable for a variety of applications. Following to the laminates industry, adhesive was considered as the second largest consumer of melamine formaldehyde in 2012. Both the markets played a pivotal role in the growth of the global melamine formaldehyde market due to the constant growth of construction and furniture industry sectors.

For further inquiries, ask here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1940

The several valuable applications of melamine formaldehyde (MF) derivatives include paints & coatings, electrical moldings, adhesives, and glass reinforces substrates. The demand for melamine formaldehyde in paints and coatings has boosted a demand for MF-based products in automobile sector as well. The use of melamine formaldehyde in the automobile sector is expected to grow at a CAGR of 6.2% between 2013 and 2019.

Tableware being another vital application in this market exhibits rapid growth with increasing consumption of melamine formaldehyde in the future. The U.S. Food and Drug Administration (FDA) approval on the use of melamine formaldehyde in the tableware and other manufacturing food packaging applications is estimated to increase the consumption of melamine formaldehyde in this specific application. Furthermore, there is a high demand for melamine formaldehyde in other applications like sanitary ware, household, and electrical appliances. These sectors are also expected to contribute to the overall growth of melamine formaldehyde market.

  • Geographic Analysis

By geography, Asia Pacific was once the leading consumer of melamine formaldehyde in 2012. It accounted for over 40% shares of the market in the same year. However, Europe is now expected to become the next biggest consumer of melamine formaldehyde growing at a CAGR of 5.6% between 2013 and 2019. The Rest of the World (RoW) market is expected to demonstrate the maximum growth figures by 2019, capturing a market share of approximately 8%.

Related & Recently Published Reports by Transparency Market Research

  • Solvents Market : Estimates that this market will reach a market value worth USD 29.28 billion by the end of 2018, experiencing growth at an annual average CAGR of 3.2% during the forecast period ranging from 2012 to 2018. The demand for this market in terms of volume is estimated to reach an estimated value of 21,530.8 kilo tons by 2018, showing growth at the rate of CAGR of 3.2% during the forecast period. Browse full report at: http://www.transparencymarketresearch.com/solvents-market.html
  • Marine Lubricants Market: The global market of marine lubricants was worth nearly 2,272.6 kilo tons in 2011. By observing growth at a CAGR of 3.31% during the forecast period, the market could observe demands worth nearly 2,852.5 kilo tons by 2018. In terms of revenue, the market is expected to observe growth at a CAGR of 6.13% during the forecast period. Browse full report at: http://www.transparencymarketresearch.com/marine-lubricants-market.html

Contact:
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA/Canada Toll Free: 866-552-3453
Email: sales(at)transparencymarketresearch(dot)com
Web: http://www.transparencymarketresearch.com/

Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1 518-618-1030, [email protected]

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