Global Melamine Formaldehyde Market is Expected to Reach $4,450.3 Million by 2019, at a CAGR of 9.9% From 2014 to 2019

FORT WORTH, Texas, March 16, 2015 /PRNewswire/ --

The Global Melamine Formaldehyde market report defines and segments the concerned market globally with analysis and forecast of revenue. It is estimated to grow to $4,450.3 million by 2019 at a CAGR of 9.9% from 2014 to 2019. The increasing demand from the end-user applications fuels the market growth in the Global Melamine Formaldehyde market.

Browse through the TOC of global melamine formaldehyde market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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Melamine Formaldehyde is a synthetic resin which is manufactured with the help of polymerization reaction of melamine and formaldehyde. Melamine has six functional groups, and is composed of aromatic s-triazine ring which makes melamine formaldehyde resins thermally resistant.

Due to the versatile properties of Melamine Formaldehyde resins, it witnesses a very strong demand from industries such as coatings, adhesives, textile, laminates, paper, leather, plywood and others. Furthermore, due to the interdependence on melamine demand and growth in end-use industries, any change is anticipated to affect the demand for melamine formaldehyde. In addition to this, various organizations such as U.S. Food and Drug Administration, Center for Food Safety and World Health Organization have directed some of the safety measure under which melamine could be used efficiently.

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The Asia-Pacific region is the largest market in terms of consumption followed by Europe. The region has potential for this product due to increasing demand from the end-use industries such as packaging, building & construction, automobile, consumer goods, and others. In addition, growth in end-user industries is anticipated to surge the consumption of melamine formaldehyde. 

The report covers the global melamine formaldehyde market which is segmented on basis of application, and geography. Globally, melamine formaldehyde is used in applications such as laminates, moulding powder, adhesive, coating and others.

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The Asia-Pacific Phthalic Anhydride Market, along with its applications, has witnessed a strong growth in the past few years and this growth is estimated to be strong in the coming years. Phthalic anhydride is one of the basic organic chemical raw materials widely used in the plastics, paints & coatings, dyes, building & construction, pharmaceuticals, and rubber industries. Diversified applications of phthalic-based plasticizers in a broad spectrum of industries are among the major reasons behind the rapidly-growing demand for plasticizers in Asia-Pacific. However, the consumer shift towards sustainable products is impacting the demand for phthalic anhydride and its applications in various industries. 

http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride-2887780714.html

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