Dublin, Feb. 13, 2024 (GLOBE NEWSWIRE) The "Asia Pacific Melamine Formaldehyde Market Size, Share & Trends Analysis Report By Form (Powder, and Liquid), By Application (Laminates, Wood Adhesives, Surface Coatings, Molding Compounds, and Others), By Country and Growth Forecast, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.The Asia Pacific Melamine Formaldehyde Market is forecast to witness market growth of 5.1% CAGR during the forecast period 2023-2030. In 2021, the
The melamine formaldehyde market size was valued at $652.6 million in 2020 and is projected to reach $1,160.1 million by 2030, growing at a CAGR of 6.0%
/PRNewswire/ Allied Market Research published a report, titled, "Melamine Formaldehyde Market by Form (Liquid and Powder) and Application (Laminates, Wood.
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ResearchAndMarkets.com s offering. The melamine formaldehyde market is expected to record at a CAGR of over 5% during the forecast period. One of the main factors driving the market is the growing demand for formica laminated furniture. However, government regulation on the toxicity of formaldehyde in developed nations is expected to hinder the growth of the market studied.
The use of melamine formaldehyde for the treatment of an organic fraction of municipal solid waste (OFMSW) is likely to act as an opportunity for the market studied in the coming years.
By application, the decorative laminated furniture segment will dominate the market, which is expected to grow further during the forecast period.