Melamine Formaldehyde Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Melamine Formaldehyde Market size is expected to reach $3.8 billion by 2030, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,639.06 Kilo Tonnes, experiencing a growth of 4.6% (2019-2022).

The Powder segment is leading the Global Melamine Formaldehyde Market, By Form in 2022; thereby, achieving a market value of $2 million by 2030. The rising demand for powdered melamine formaldehyde is driven by its longer shelf life, flexibility in formulations, controlled release of formaldehyde, ease of handling and transportation, compatibility across industries, adherence to quality standards, cost-effectiveness, and environmental considerations. These attributes make powdered MF a preferred choice for various manufacturing processes and applications across different sectors.

The Molding Compounds market is expected to witness a CAGR of 5.6% during (2023 - 2030). The increasing demand for melamine formaldehyde molding compounds is driven by their superior moldability, heat resistance, dimensional stability, surface finish, electrical insulation properties, chemical resistance, durability, versatility, compliance with safety standards, and cost-effectiveness. These attributes make them the preferred materials for manufacturing various components and products across multiple industries.

Full Report: https://www.kbvresearch.com/melamine-formaldehyde-market/

The Asia Pacific market dominated the Global Melamine Formaldehyde Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,993.8 million by 2030. The North America market is poised to grow a CAGR of 4% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 4.6% during (2023 - 2030).

List of Key Companies Profiled

• BASF SE
• Georgia-Pacific LLC (Koch Industries, Inc)
• INEOS Group Holdings S.A.
• Mitsui Chemicals, Inc.
• Sprea Misr (Egypt Kuwait Holdings)
• Pacific Texchem Private Limited
• Prefere Resins Holding GmbH
• Hexzachem Sarawak Sdn Bhd (Hexza Corporation Berhad)
• Arclin, Inc.
• Allnex GMBH (PTT Global Chemical Public Company Limited)

Melamine Formaldehyde Market Report Segmentation

By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• owder
• Liquid

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Laminates
• Wood Adhesives
• Surface Coatings
• Molding Compounds
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA