NEW YORK, Sept. 1, 2015 /PRNewswire/ -- The report has
analyzed the global melamine formaldehdye market and market
segmentation has been done on the basis of application and region.
The market data has been provided in terms of volume (kilotons) and
value ($million). The current market is growing at a CAGR of 9.9%
between 2014 and 2019 and is projected to reach $4.4 billion till 2019.
The report covers key drivers such as government regulatory
support, public awareness, application growth for melamine
formaldehyde in Asia-Pacific,
especially in China and
India where there is robust growth
in the melamine formaldehyde industry. Besides, the price
volatility of melamine in the past has strained the market for
melamine formaldehyde.
By application, the global melamine formaldehyde market is
classified into laminates, adhesives, coating, molding powder, and
others. The laminates application segment accounted for a market
share of 48.0%, and recorded the highest revenue in 2014.The major
reason behind the rapid growth of laminates is its increasing
adoption from various industries, such as floorings, furniture,
cabinets, and store fixtures. Adhesive is the second largest
application segment in terms of both value and volume. In terms of
value the adhesive application segment is growing at a CAGR of 8.8%
during 2014- 2019.
The major palyers in this market are Hexza Corporation Berhad
(Malaysia), INEOS Melamines GmbH
(Germany), Qatar Melamine Company
(Doha), Chemplastica SpA
(Italy), Eurotecnica Contractors
and Engineers S.p.A. (Greece),
BASF SE (Germany). New product
launches were the most preferred strategies by the top players in
2014 that were driving the demand of melamine formaldehyde. Their
strategy to capture the untapped market in developing economies
includes agreements, collaborations, and joint ventures.
Scope of the report
The global melamine formaldehyde market has been covered in detail
in this report. In order to provide an all-round picture, the
current market demand and forecast have also been included.
On the basis of application:
- Laminates
- Molding Powder
- Adhesive
- Coating
- Others
On the basis of region:
- North America
- Europe
- Asia-Pacific
- RoW
The market is further analyzed for key countries in each of these
regions.
Read the full report:
http://www.reportlinker.com/p03113783-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution that
finds, filters and organizes the latest industry data so you get
all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/melamine-formaldehyde-market-by-application-and-geography---global-forecasts-to-2019-300136511.html
SOURCE Reportlinker