Melamine Formaldehyde (MF) Market Value, Segments and Growth 2016-2026
Melamine formaldehyde is a synthetic resin manufactured by reacting melamine with highly reactive formaldehyde gas under alkaline conditions. Melamine formaldehyde resin is generally compared with urea-formaldehyde resin with respect to its processing and applications, however it is harder, stronger and offers even better resistance to chemicals, moisture, heat, electricity and scratching, compared against urea-formaldehyde. It is referred as thermosetting polymer or amino resins, exhibits excellent value added properties such as low density, thermal stability, high gloss, transparency, and light fastness. Owing to its value added properties, melamine formaldehyde has found great industrial applications in fire retardants, surface coatings, plywood, particleboard, adhesive, molding compounds and laminates among others.
Melamine formaldehyde is used in variety of product which are valued on basis of its toughness and ease of manufacturing, resultantly most of the melamine formaldehyde resins are highly customized as per the requirements of particular application. The curing behavior and the degree of cross-linking of melamine and formaldehyde determines tailored products properties such as electrical resistance, thermal stability and mechanical properties. Melamine formaldehyde resins has been extensively used for surface coating, especially for automotive top coats and metal furniture. However rising government regulation over release of formaldehyde in environment is decreasing use of melamine formaldehyde for coating manufacturing. Most common uses of melamine formaldehyde resin includes dinnerware, bathroom accessories, electrical breakers, receptacles, knobs and handles, kitchen utensils, appliance components, adhesives, laminates, textile, medium density fiberboard and hard boards among others.
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Melamine Formaldehyde Market: Market Dynamics
Rising regulations over release of formaldehyde in environment has restrain consumption of MF resin for specific application such coating manufacturing, which slow down the global consumption of melamine formaldehyde. However recovering construction industry and rapidly growing packaging industry is expected to drive global demand for melamine formaldehyde at steady pace. Wood and Furniture industry is one of the major consumer of MF resins, and it is expected that global MF resins market will grow with a growth of wood and furniture industry.
Melamine Formaldehyde Market: Market Segmentation
On basis of types, global market of melamine formaldehyde market can be segmented as follow as;
- Methylated Melamine Formaldehyde Resins
- Methylol Or Non-Methylated Melamine Formaldehyde Resins
On basis of end-use industries, global melamine formaldehyde market can be segmented as follow as;
- Construction and Building
- Wood and Furniture
- Rubber and Plastics
- Others (Paper & Pulp and Textiles)
On basis of geographies, global melamine formaldehyde market can be segmented as follow as;
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East and Africa
Melamine Formaldehyde Market: Regional Outlook
After economic turndown in North America and Europe, construction industry is slowly recovering and expected to grow with a slow rate over forecast period. Owing to MF resin’s value added application in construction and buildings, it is expected that the demand for MF resins in North America and Europe will grow at steady rate. However consumption of melamine formaldehyde resins in APAC has been significantly increased in last five years and it is expected that it will grow linearly, owing to infrastructure development in India and China. China is the largest market in Asia-Pacific followed by India in 2016, and is expected to grow rapidly in the near future. This is primarily because of growing industries such as electronics, automotive, chemicals and packaging which are collectively account for major consumption of melamine formaldehyde resins. Growing need for sustainable packaging is expected to be key driver to augment consumption of melamine formaldehyde resins across the globe.
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Melamine Formaldehyde Market: Key Players
Some of the key players in global melamine formaldehyde resin market are as follow as;
- BASF SE
- Qatar Melamine Company
- Hexza Corporation Berhad
- Georgia-Pacific Chemicals LLC
- Ineos Melamines GmbH
- Chemiplastica Spa
- Pacific Texchem Pvt. Ltd.
- Jiangsu Tianxin Chemical Co., Ltd.
- EUROTECNICA Contractors and Engineers S.P.A.