DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/swqgr7/global_melamine) has announced the addition of the "Global Melamine Market 2014-2018" report to their offering.
The analysts forecast the Global Melamine market to grow at a CAGR of 6.29% over the period 2013-2018
Melamine formaldehyde, also known as melamine is formed by the polymerization of melamine and formaldehyde. Melamine is a thermostatic resin with unique properties such as surface hardness, heat, scratch, and chemical resistance. The versatile material is used in a variety of applications including industries such as Laminates, Paints and Coatings, Adhesives, Tableware, and Sanitary ware, and others.
One of the major upcoming trends in this market is the growing demand from the automotive industry in several automotive applications presents the Global Melamine market with new growth opportunities. Melamine emerges as a potential substitute for urea formaldehyde because of its unique properties, thus increasing the market's growth prospects.
According to the report, the global demand for melamine is expected to increase because of significant adoption by end-users. The significant growth of the Global Construction industry, powered by stable economic conditions and the growing Real-estate market, is surging the demand for melamine from the Residential and Commercial segments.
Further, the report states that one of the major challenges for melamine vendors is the price volatility of melamine raw materials. Volatility in the prices of crude oil adversely affects the prices of its downstream products, thus affecting the profit margins of melamine manufacturers. The supply-demand imbalance and overdependence of the Global Melamine market are the major restraints for the market growth.
- BASF SE
- Borealis AG
- Momentive Specialty Chemicals Inc.
- OCI Nitrogen BV
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/swqgr7/global_melamine