H2 2023: Geographically, the major consumer of the global Melamine Paper market in H2 2023 was the Asia Pacific region. In the third quarter of 2023, melamine paper prices followed an upward trajectory, driven by high demand and low feedstock availability, including melamine and urea. The Market participants acknowledged the necessity of equipment maintenance in certain Chinese regions and were generally receptive to the higher prices. Downstream industries exercised caution and adopted a wait-and-see approach, procuring goods only when necessary. Towards the end of September 2023, there was a noticeable increase in downstream demand, leading to a surge in new orders. In response, some enterprises resumed production, bolstering Melamine paper market supply. In the fourth quarter of 2023, the Asia Pacific Melamine Paper market experienced a dynamic pricing trend. Initially, prices surged due to robust regional demand and increasing costs of melamine resin feedstock. However, mid-quarter saw fluctuations that reflected diverse trends across the region. In China, prices declined due to weakening demand, elevated inventory levels, and government interventions. Meanwhile, in India, prices remained stable, supported by sustained demand and lower feedstock costs compared to China. Key factors driving these price dynamics included the persistent impact of melamine resin feedstock costs, with China facing higher prices compared to India. Demand patterns varied across the region, with China experiencing reduced demand in furniture and tableware sectors amid an economic slowdown. Conversely, India maintained demand from furniture, construction, and tableware industries, providing some price stability. Local demand fluctuations and import activities from China played a significant role in price movements in Southeast Asia. Abundant existing inventory, particularly in China, exerted downward pressure on prices. Furthermore, government interventions in China aimed at controlling price increases indirectly influenced the Melamine Paper market.
H1 2023: The leading consumer of Melamine Paper in H1 2023 was the Asia Pacific region. However, In the first half of 2023, Melamine prices experienced a downward trend due to a sluggish demand outlook and weak melamine and formaldehyde feedstock. The cost of the raw material melamine continued its decline, importing prices remained low, and suppliers efficiently fulfilled early demands. However, downstream demand showed limited improvement, and a lack of new orders led to a reduction in the melamine market. Market supply was moderate, solicitation was average, and melamine trade faced a decline in its primary issues. In June 2023, Melamine and formaldehyde (feedstock) weakened due to production capacity constraints. Downstream demand, particularly in coating and lamination, remained weak, emphasizing the need for renewal. High inventory pressure and market imbalances contributed to a decrease in the melamine market. Despite a proper follow-up in demand, the overall performance of the melamine market was average. Additionally, Indian buyers restrained from making big purchases, which hindered new orders and compelled suppliers to maintain lower prices. In India, the Melamine paper prices went southwards in H1 2023. The decline in Melamine paper prices in H1 2023 in India can be attributed to a combination of factors. A sluggish demand landscape and weakened feedstock conditions, particularly for melamine and formaldehyde, influenced the downward trend. However, with limited improvement in downstream demand and a lack of new orders, the market experienced reductions. Factors such as weakened formaldehyde feedstock, low downstream demand in coating and lamination, high inventory pressure, and market imbalances further justified the overall decline in Melamine paper prices during this period.
The global Melamine Paper market displayed a consumption of 475 thousand tonnes in 2023 and is expected to grow at a steady CAGR of 3.60% during the forecast period until 2034.
Melamine paper, a synthetic substance created by saturating a chemical compound with formaldehyde, undergoes a process resulting in a robust and highly resilient material. Exhibiting resistance to scratches and water, it possesses a quick drying time of approximately 20 minutes. Its ease of cleaning further adds to its appeal. Consequently, Melamine paper stands out as an excellent choice for the production of furniture and interior decoration, offering a combination of strength, durability, and convenient maintenance. Melamine paper, recognized as melamine impregnated paper, is a versatile material with widespread applications in various industries. Its significance spans furniture manufacturing, where it is utilized for laminated surfaces, mimicking wood textures and colours for tables, cabinets, and shelves. In interior design, melamine-coated boards adorn walls, providing decorative elements like wainscoting. It is a staple in moisture-resistant cabinetry, especially in kitchens and bathrooms. The material extends its influence to flooring, acting as an economical and visually appealing option for laminate floors. Doors, retail fixtures, educational and office furniture, home décor items such as shelves and bookcases, and even in exhibits like trade show booths, melamine paper enhances aesthetics and durability. In the realm of recreational vehicles and mobile homes, it contributes to lightweight yet resilient interiors. Overall, melamine paper's adaptability, durability, and diverse design options make it a go-to choice for enhancing both the functionality and aesthetic appeal of surfaces and products in numerous industries.
The Melamine paper market is propelled by robust market drivers stemming from its integral role in the furniture and flooring sectors, as well as its increasing demand in the packaging industry. In the furniture domain, Melamine paper stands out as a key driver, offering a crucial component for laminated surfaces. Within the flooring industry, Melamine paper emerges as a driving force, particularly in the production of laminate flooring. Positioned as a cost-effective alternative, it combines aesthetic appeal with durability, responding to the growing demand for visually pleasing and resilient flooring solutions. This application diversification underscores Melamine paper's role as a market driver, fueled by its capacity to meet the requirements of the flooring sector. Additionally, the packaging industry experiences a surge in demand for Melamine paper, driven by its versatility and protective attributes. The material's adaptability to various printing and finishing techniques further cements its status as a market driver, contributing to the overall expansion of the Melamine paper market. It is anticipated that the global consumption of Melamine Paper will reach approximately 705 thousand tonnes by 2034.
Regionally, the Asia Pacific region is dominating the Melamine Paper market. The surging demand for Melamine Paper is driven by its aesthetic adaptability, resilience, and cost-effectiveness across diverse industries. Renowned for its versatility, Melamine Paper offers an extensive array of design options, replicating wood grains and textures, making it a favored choice in furniture, flooring, and interior design. Its durability and resistance to scratches and moisture contribute to its popularity, providing long-lasting, low-maintenance solutions in high-traffic areas. As a cost-effective alternative to traditional materials, Melamine Paper meets the demand for visually appealing products without compromising on quality. Its ease of maintenance further enhances its appeal in residential and commercial settings. With increased construction activities and a growing emphasis on eco-friendly options, Melamine Paper's applications continue to expand, ranging from furniture manufacturing to the packaging industry, positioning it as a sought-after material meeting the evolving needs of diverse sectors.
Based on the end-user industry, the global Melamine Paper market is segmented into Furniture, Flooring, and Others. Among these, the Furniture industry is dominating the Melamine Paper market. In 2023, this sector held about 53% of the market share and will most likely stay so in the forthcoming years.
Major players for Melamine Paper globally include Yuechuan New Material, Yodean Décor, Fuyi Decoration, Fimo, Shandong Linfeng New Decorative Material Co.,ltd, Dongguan Guangda Decorative Material, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Melamine Paper which covers production, demand and supply of Melamine Paper market in the globe.
• To analyse and forecast the market size of Melamine Paper
• To classify and forecast Global Melamine Paper market based on end-use and regional distribution.
To extract data for Global Melamine Paper market, primary research surveys were conducted with Melamine Paper manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Melamine Paper market over the coming years.
ChemAnalyst calculated Melamine Paper demand across the globe by analyzing the volume of Melamine Paper consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Melamine Paper manufacturers and other stakeholders
• Organizations, forums and alliances related to Melamine Paper distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Melamine Paper manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Melamine Paper s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
475 thousand tonnes
Market size Volume by 2034
705 thousand tonnes
Growth Rate
CAGR of 3.6% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historic Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Furniture, Flooring, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1.Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Melamine Paper market in terms of value and volume.
2.Demand by End- Use
Discover which end-user industry (Furniture, Flooring, and Others) are creating a market and the forecast for the growth of the Melamine Paper market.
3.Demand by Region
Analyzing the change in demand of Melamine Paper in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
4.Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Melamine Paper. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
5.Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Melamine Paper.
6.Company Share
Figure out what proportion of the market share of Melamine Paper is currently held by leading players across the globe.
7.Manufacturing Process
Discover insights into the intricate manufacturing process of Melamine Paper.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
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What is the expected global market size of Melamine Paper in terms of volume for 2034?
Ans:
The global market size of Melamine Paper is expected to reach approximately 705 thousand tonnes by 2034.
Q2.
What region is dominating the Melamine Paper market?
Ans:
Asia Pacific region is dominating the Melamine Paper Market.
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