DUBLIN, May 21, 2015 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/wgcrc3/global_melamine) has announced the addition of the "Global Melamine Formaldehyde Market by Application, by Geography - Analysis and Forecasts to 2019" report to their offering.
The market value of melamine formaldehyde was estimated to be $2,781.8 million in 2014 and is projected to grow with a CAGR of about 9.9% from 2014 to 2019
The total global melamine formaldehyde market has been analyzed based on the current proceedings in the industry at the commercial level. The study provides the value-chain analysis with respect to melamine formaldehyde raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players contributing to the global melamine formaldehyde industry.
The impact of different market factors such as drivers, restraints, and opportunities is also illustrated in the report. Factors such as key drivers for the rising demand of the market, information related to the end-users and their impact to the industry. Micro detailing as to how melamine formaldehyde works as a alternative to Urea-Formaldehyde has been elaborated. Besides, the volatile pricing of the market vis-à-vis the factors affecting it and the impact on health with regards to melamine formaldehyde has also been explained in detail.
The global melamine formaldehyde market is also classified based on different applications. The important applications include laminates, adhesive, coating, moulding powder and others. Furthermore, laminates are expected to show rapid growth in the future across the globe.
The key companies in this market are BASF SE (Germany), Borealis (Austria), Mitsui Chemicals (Japan), Chimica Pomponesco S.p.A (Italy), Allnex Belgium S.A. (Belgium), Chemplastica SpA (Italy), Ineos Melamines (Germany), Eurotecnica (Greece), Qatar Melamine Company (Doha), Hexza Corporation Berhad (Malaysia), and others.
These companies are consistently focusing on expanding their production capacity in order to achieve a competitive advantage and serve the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in the year 2013 & 2014, driving the demand of melamine formaldehyde.
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SOURCE Research and Markets