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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.
Global Melamine Formaldehyde Market (2020 to 2025) - Growth, Trends, and Forecast
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.