Melamine Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Melamine resins are the polymers of choice used in the outer or decorative layer of laminates and in manufacturing counters and tabletops, kitchen cabinets, flooring, furniture, etc.

Melamine resins impart a hardness, transparency, stain resistance, freedom from discoloration, and overall durability. For this application, the resin used to saturate the overlay or decorative sheet is prepared by reacting approximately two moles of formaldehyde per mole of melamine.

These sheets are commonly applied to the surface decoration projects, such as walls, columns, tabletops, furniture, and suspended ceilings.

According to the Canadian Construction Association, the construction sector is one of Canada’s largest employers and a major contributor to the country’s economic success. It is the backbone of the country’s economy. As per the Canadian Construction Association, the construction sector employs more than 1.4 million people and generates about USD 141 billion for the Canadian economy annually. Also, the industry accounts for 7.5% of the country’s Gross Domestic Product (GDP).​ 

The Global Melamine Market size is expected to grow from 1.80 million tons in 2023 to 2.21 million tons by 2028, at a CAGR of 4.15% during the forecast period (2023-2028). 

The melamine market was negatively impacted during the COVID-19 pandemic in 2020. The market improved in 2021. With construction and automotive manufacturing activities recovering from the lockdown, the demand for construction materials such as laminates, paints, and coatings, and wood adhesives increased. The construction industry is recovering rapidly and is estimated to grow further in the coming years, which may boost the demand for melamine.

Over the short term, the rising demand for laminates, coatings, and wood adhesives from the construction industry is expected to drive the market's growth. 

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