Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.9 Billion | USD 11.7 Billion | 4.7% | 2021 |
FrequentlyAsked Questions
The demand for melamine panels is expected to increase due to their robust, hard, glossy, and great resistance to heat, moisture, stains, and wear from end-use sectors like building and construction, automotive, food and beverage applications, and textile applications.
According to the report, the global melamine panel market was worth about 8.9 (USD billion) in 2021 and is predicted to grow to around 11.7 (USD billion) by 2028
The Asia Pacific will have the largest regional melamine panels market by 2021. The rising urbanization and industrialization of the area are driving the growth of the melamine panels market. Additionally, as people's disposable income has grown, so has their desire for luxury items, which is raising the demand for melamine panels on the market.
Some of the main competitors dominating the global melamine panel market include - Timber Products, Prime Panels, NZ Panels Group, Lawcris Panel Products, Roseburg Forest Products, Flex Corporation, Arauco, Laminex NZ, Wilsonart Australia, and Funder America Inc.
Key Segmentation Growing in the Melamine Panel Market are By Type (Particle Panels, Density Panels), By Application (Walls, Decorative Materials, Roof, Floors, And Others), And By Region
Melamine Panel Market CAGR of approximately 4.7% over the forecast period 2021- 2028
The growth of the market will be hampered by high melamine toxic levels
Melamine consumption can cause kidney or bladder stones, reproductive problems, and bladder cancer. The U.S. Food and Drug Administration (FDA) scientists have advised that after melamine and cyanuric acid are absorbed into the bloodstream, they aggregate and interact in urine-filled renal tubules, where they subsequently crystallize and produce enormous amounts of round, yellow crystals that obstruct and kill the renal cells that line the channels, leading to kidney failure.
Yes, The market is expanding due to an increase in the use of melamine panels in various applications.
Melamine panels are artificial fibers made from a synthetic polymer that contains at least 50% by weight of a cross-linked melamine polymer. Melamine panels have great dimensional and thermal stability at a constant working temperature of roughly 400°F (200°C), poor thermal conductivity, outstanding flame resistance, and self-extinguishing properties. Melamine panels are a well-liked substitute for flame-resistant fabrics due to their advantageous qualities. Melamine foam works well as insulation in constructions with unique pore structures
Limited design options, artificial materials, and heat resistance will hamper the market growth.
Melamine panels have a low thermal resistance, which makes them particularly prone to damage. Furthermore, melamine panels are composed of artificial materials despite having a beautiful appearance. Furthermore, no door designs or profiles can be routered into melamine panels; they can only have flat surfaces. In the near future, these elements are anticipated to reduce the demand for melamine panels.
In November 2021, the second melamine factory of Metafrax Chemicals has taken another step toward completion with the signing of an agreement with Casale in Moscow, Russia, in November 2021 for the last stage of the project, which includes engineering implementation, acquisition of all materials, and construction.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed