- The key vendors in the Global Melamine Formaldehyde Market 2014-2018 are BASF SE, Borealis AG, Momentive Specialty Chemicals Inc. and OCI Nitrogen BV.
London, 23 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Melamine Formaldehyde Market 2014-2018. One of the major upcoming trends in this market is the growing demand from the automotive industry. Melamine emerges as a potential substitute for urea formaldehyde because of its unique properties, thus increasing the market’s growth prospects.
Melamine formaldehyde, also known as melamine, is formed by the polymerization of melamine and formaldehyde. Melamine is a thermostatic resin with unique properties such as surface hardness, and heat, scratch, and chemical resistance.
“As a result of increased urbanization, the world is witnessing a rise in civil construction activities, especially in developing nations, which also boosts the demand for melamine in the form of adhesive resins for ceiling tiles, fiber board, particle board, minimum density structural forms, and plywood,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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