NEW YORK, Nov. 22, 2021 /PRNewswire/ -- The melamine market size is set to grow by USD 367.47 million from 2020 to 2025, according to Technavio.
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Factors such as increasing demand from the construction industry will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The melamine market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Melamine Market 2021-2025: Segmentation
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Melamine Market: Geographical Landscape
APAC will register the highest growth rate of 58% among the other regions. Therefore, the melamine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period. China, India, and Japan are the key markets for melamine in the region.
Melamine Market 2021-2025: Vendor Analysis and Scope
Some of the major vendors of the Melamine Market include BASF SE, Borealis AG, Cornerstone Chemical Co., Grupa Azoty SA, Luxi Chemical Group Co. Ltd., Mitsui Chemicals Inc., Nissan Chemical Corp., OCI NV, Prefere Resins Holding GmbH, and Proman AG. To help businesses improve their market position, Technavio's report provides a detailed analysis of vendors operating in the market.
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Market trends such as growth in the automotive industry is likely to positively impact the market growth. However, factors such as the availability of substitutes may threaten the growth of the market.
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Melamine Market 2021-2025: Key Highlights
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Melamine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.08% |
Market growth 2021-2025 |
USD 367.47 million |
Market structure |
Fragmented |
YoY growth (%) |
3.20 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 58% |
Key consumer countries |
China, US, India, Germany, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
BASF SE, Borealis AG, Cornerstone Chemical Co., Grupa Azoty SA, Luxi Chemical Group Co. Ltd., Mitsui Chemicals Inc., Nissan Chemical Corp., OCI NV, Prefere Resins Holding GmbH, and Proman AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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