According to the research report titled ‘Melamine Market Share, Size, Trends, Industry Analysis Report by Type; By Application; By End-Use; By Regions: Segment Forecast, 2020 - 2026’, available with Market Study Report, global melamine market is likely to account for USD 2,430.4 million by the year 2026.
 

Improving cognizance regarding the benefits of the product such as high temperature stability, limited chemical and physical degradation, flexibility, and considerable chemical and moisture resistance is a key factor driving the growth of global melamine market.
 

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Melamine resins are also known to possess flame retardant properties owing to high nitrogen content. The product is basically processed as a resin and then used to produce goods on a regular basis. It can also be used for manufacturing synthetic resins, thereby stimulating global melamine industry outlook.
 

Top manufacturers from this business space are focusing on activities such as process optimization, after sales service, product development cycles, customer centric product trials, and chemical analysis, which in turn is also adding traction to the overall market size.
 

Growing demand for high strength and durable materials in construction applications coupled with strict environmental regulations which emphasize on lowering carbon footprint and improve energy efficiency are facilitating the overall business outlook.
 

As per type, the overall market is segmented into melamine foam and melamine resin. The application scope of global melamine market consists of paints & coatings, molding compounds, wood adhesives, laminates, and others.
 

Citing the end-user spectrum, the market is split into textiles, chemical, automotive, and construction. The report states that global melamine market share from construction sector is predicted to expand significantly during the forecast period. Melamine is widely adopted for producing furniture, flooring, walls, countertops, and kitchen cabinets. Also, increasing infrastructural development is favoring the overall market scenario.
 

The major companies operating in global melamine market are Nissan Chemical Industries Ltd., Cornerstone Chemical Co., Haohua Junhua Group Co. Ltd., INEOS Melamines, Chemiplastica S.p.A., Allnex Belgium SA/NV, Mitsui Chemicals Inc., Qatar Melamine Co., Sichuan Golden Elephant Chemicals Co. Ltd., Borealis AG, BASF SE, and OCI N.V. among others.