World - Melamine Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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The global market for melamine resins in primary forms is projected to continue an upward consumption trend, with a forecasted increase in market volume to 6.5M tons and market value to $12.6B by 2030. Consumption trends remained relatively flat, with the highest volumes in countries like China, the United States, and India. Production and imports showed similar patterns with minor fluctuations. Key exporting countries include Belgium, China, and the Czech Republic, while Germany, Norway, and China are top exporting countries. Average prices for imports and exports varied by country, with the United States and Belarus showing the highest and lowest prices respectively. Overall, the market is expected to continue growing in the immediate term.
Market Forecast
Driven by increasing demand for melamine resins in primary forms worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 6.5M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.2% for the period from 2022 to 2030, which is projected to bring the market value to $12.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Melamine Resins In Primary Forms
In 2022, the amount of melamine resins in primary forms consumed worldwide reduced modestly to 6M tons, dropping by -3.2% on the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak volume of 6.6M tons. From 2019 to 2022, the growth of the global consumption remained at a lower figure.
The global melamine resins market value contracted to $9.9B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at $10.8B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (1.4M tons), the United States (741K tons) and India (564K tons), together accounting for 45% of global consumption. Japan, Russia, Brazil, Indonesia, Germany, Turkey, South Korea, Canada, Iran and Belgium lagged somewhat behind, together comprising a further 30%.
From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +13.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($2B), China ($1.9B) and Japan ($1B) were the countries with the highest levels of market value in 2022, with a combined 50% share of the global market. India, Russia, Germany, South Korea, Brazil, Indonesia, Iran, Canada, Belgium and Turkey lagged somewhat behind, together accounting for a further 29%.
Belgium, with a CAGR of +17.3%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of melamine resins per capita consumption was registered in Belgium (8.5 kg per person), followed by Canada (2.9 kg per person), Germany (2.5 kg per person) and Japan (2.5 kg per person), while the world average per capita consumption of melamine resins was estimated at 0.8 kg per person.
In Belgium, melamine resins per capita consumption increased at an average annual rate of +12.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+0.2% per year) and Germany (-2.8% per year).
Production
World Production of Melamine Resins In Primary Forms
In 2022, the amount of melamine resins in primary forms produced worldwide dropped modestly to 6M tons, declining by -3.9% against the previous year. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 11%. As a result, production reached the peak volume of 6.7M tons. From 2019 to 2022, global production growth remained at a somewhat lower figure.
In value terms, melamine resins production reduced to $9.8B in 2022 estimated in export price. Over the period under review, production recorded a mild reduction. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. Over the period under review, global production reached the maximum level at $11B in 2012; however, from 2013 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (1.4M tons), the United States (745K tons) and India (588K tons), with a combined 46% share of global production.
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +1.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Melamine Resins In Primary Forms
In 2022, the amount of melamine resins in primary forms imported worldwide dropped slightly to 482K tons, reducing by -4.8% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of 507K tons, and then shrank in the following year.
In value terms, melamine resins imports soared to $905M in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Global imports peaked in 2022 and are likely to continue growth in years to come.
Imports By Country
Poland (58K tons), Germany (54K tons) and France (50K tons) represented roughly 34% of total imports in 2022. Italy (19K tons), Latvia (17K tons), Luxembourg (17K tons), Hungary (16K tons), India (15K tons), Sweden (15K tons), Bangladesh (13K tons), the United States (11K tons), China (11K tons) and Croatia (11K tons) took a little share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +15.2%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, Germany ($100M), France ($69M) and Italy ($54M) appeared to be the countries with the highest levels of imports in 2022, together comprising 25% of global imports. China, Sweden, Poland, India, the United States, Hungary, Bangladesh, Luxembourg, Latvia and Croatia lagged somewhat behind, together accounting for a further 29%.
Latvia, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average melamine resins import price stood at $1,877 per ton in 2022, picking up by 23% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($3,931 per ton), while Latvia ($673 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Melamine Resins In Primary Forms
In 2022, global melamine resins exports dropped to 504K tons, which is down by -12.7% on 2021. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. As a result, the exports attained the peak of 577K tons, and then shrank in the following year.
In value terms, melamine resins exports reached $908M in 2022. The total export value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 45%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Exports By Country
In 2022, Belgium (55K tons), China (54K tons), the Czech Republic (53K tons), India (39K tons), Germany (39K tons), Norway (32K tons), Belarus (24K tons), Slovakia (23K tons), Turkey (18K tons), Poland (18K tons), the United States (16K tons) and Thailand (15K tons) represented the main exporter of melamine resins in primary forms in the world, generating 77% of total export. Sweden (13K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +45.5%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest melamine resins supplying countries worldwide were Germany ($112M), Norway ($105M) and China ($89M), together comprising 34% of global exports. The United States, Belgium, the Czech Republic, Sweden, Thailand, Poland, India, Slovakia, Turkey and Belarus lagged somewhat behind, together accounting for a further 37%.
Belarus, with a CAGR of +39.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average melamine resins export price stood at $1,802 per ton in 2022, growing by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($4,206 per ton), while Belarus ($357 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global melamine resins market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165570 - Melamine resins, in primary forms
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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