The global demand for Melamine Foam Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Melamine foam is a foam-like substance comprising of a formaldehyde melamine sodium bisulfite copolymer. It is an active component of several abrasive cleaner sponges. It is used as insulation for pipes and ductwork and has a long history of soundproofing material for studios, sound stages, and auditoriums. It is used as thermal insulation material for bullet trains due to its high stable retention, excellent thermal insulation performance, and lightweight properties.
Rising demand for high performance thermal and acoustic insulation drives the demand for melamine foam. Rapid industrialization and urbanization and the rise in the standard of living propel the development of the construction industry, which supplements the growth of the melamine foam market. The Asia Pacific is predicted to be the fastest-growing due to rapidly growing end-use sectors with a regional perspective. However, the presence of other competitive substitutes such as cellulose sponges restrains the growth of the market. Some studies have also identified melamine foam as possibly being part of the problem due to their non-recyclable and non-biodegradable nature, which again contributes to significant hindrance.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of melamine foam.
The entire melamine foam market has been sub-categorized into product and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Rigid Melamine Foam
- Semi-Rigid Melamine Foam
- Flexible Melamine Foam
This section covers regional segmentation which accentuates on current and future demand for melamine foam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Melamine Foam Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the melamine foam market include BASF SE, SINOYQX (Yulong), Puyang Green Foam, Recticel, Junhua, Beijing Guojian ANKE, CMS Danskin Acoustics, Linyi Yingke Chemistry, Acoustafoam, Queen City, Reilly Foam. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.