CAGR: 4.9%Current Market Size: USD 2 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The Global Melamine Foam market is expected to grow from USD 2 billion in 2022 to USD 2.93 billion by 2030, at a CAGR of 4.9% during the Projection period 2023-2030. The growth of this market is mainly driven by increasing demand for soundproof transportation.
Melamine Foam is a thermosetting substance formed of a copolymer of formaldehyde, melamine, and sodium bisulfate. Melamine Foam is a soft chemical substance that has been used as pipe and duct insulation. For sound stages, recording studios, and auditoriums, Melamine Foam also serves as a soundproofing material. Due to its great thermal insulation capability, lightweight, and high sound absorption, melamine foam is also used as a thermal and sound insulation material in bullet trains. Melamine foam's low flame and smoke shield quality prevent the risk of fire. Important properties of melamine foam include sound absorption, thermal insulation, flame resistance, ease of cleaning, heat stability, and low density. Without the need for any extra chemicals, stains may be removed with melamine foam, an efficient abrasive cleanser. Due to its non-hazardous qualities, melamine foam is used in a variety of industrial and domestic applications, such as ceramic, plastic, cerebral, refrigerator, automobile, and industrial. To meet the requirements of diverse applications, melamine foam can be mixed with jacketing such as aluminum foil, non-woven textiles, felt, metal, and cloth. Melamine foam withstands high temperatures well because it insulates heat better than other insulation materials. For solar water heaters and hot water tanks, the high-heat melamine foam is ideal because of its low thermal conductivity, which lowers energy losses.
Sample Request: - Global Melamine Foam Market
Market Dynamics:
Drivers:
The current climate emergency is mostly the result of energy generation, and if energy demand rises, the ecosystem might suffer greater harm. Governments all around the globe are enforcing strict regulations that control heat dissipation in several applications by using insulation in an effort to prevent this and protect the environment. Since Melamine high heat foam is a great insulator, it is widely used in sectors like construction and the automobile industry. As the sustainability movement gains prominence throughout the globe, demand for bio-based Melamine high-heat foam is increasing in the projected period.
Restraints:
Many end users throughout the world, cannot afford the product's high cost of manufacturing which has propelled its Low penetration in the market. The possibility for limiting the growth of the target market is the significant availability of several replacement materials and compounds for various uses of melamine. As a result, companies must work to make Melamine foam affordable, and official backing will also help to improve the market's prospects in emerging nations.
Opportunities:
High-heat melamine foam is used as a soundproofing material for studios, auditoriums, and sound stages. Melamine foam made for high temperatures is an excellent fire-resistant substance that doesn't require any extra flame retardants. Due to its superior heat-insulating capabilities compared to conventional insulation materials, high-heat melamine foam is resilient at high temperatures. Therefore, over the projected period, increased usage of high heat Melamine foam in the construction and automotive industries is anticipated to promote market potential.
Challenges:
Melamine foam is not biodegradable. Astonishingly quickly, Melamine Foam usage is rising as a result of the building industry's fast expansion. As a result, a lot of leftover Melamine Foams are amassed and illegally disposed of, dangerously polluting the environment as well as taking up valuable agricultural space. Melamine foam's difficulty to discard in nature is a restraint on the market that prevents it from expanding. Governments all around the globe are enforcing strict regulations that control to use of bio-based foam, which is creating challenges for the manufacturer.
Segmentation Analysis:
The global Melamine Foam market has been segmented based on Type, Application, and Region.
By Type
The Type segment includes rigid melamine foam, semi-rigid melamine foam, and flexible melamine foam. The semi-rigid melamine foam led the Melamine Foam market with a market share of around 30% in 2022. Due to its expanding use in the industrial and transportation sectors, semi-rigid melamine foam held the largest market share over the anticipated period. Additionally, semi-rigid melamine is used extensively in the plastics sector due to its improved flame retardancy, better sound absorption qualities, better heat resistance, and fire-retardant capabilities, all of which drive the market for semi-rigid melamine foam.
By Application
The Application segment includes aerospace, railways, industrial, automotive, and others. Automotive led the Melamine Foam market with a market share of around 25% in 2022. Due to its usage in energy-saving applications, the automotive industry is responsible for a considerable portion of the market growth throughout the anticipated period. In the automotive industry, high-heat melamine foam also offers heat insulation, sound absorption, fire resistance, and thermos-forming. The high-heat melamine foam's lighter weight also contributes to overall operating efficiency by preventing the vehicle from heating up.
Global Melamine Foam Market- Sales Analysis
The sale of Melamine Foam Types expanded at a CAGR of 3.2% from 2016 to 2022.
The rapid rise in the construction industry is the main reason responsible for the market's expansion.
The melamine foam industry is expanding as a result of changing customer choices and lifestyles as well as rising disposable income. Additionally, the wide range of applications for melamine foam in household activities will present a number of expansion chances for the melamine foam market during the mentioned research period.
Additionally, the projected expansion of the melamine foam market is being significantly impacted by the rising need for soundproof transportation in trains. The market for melamine foam is also anticipated to be driven by the rising concern for household hygiene.
Thus, owing to the aforementioned factors, the global Melamine Foam Market is expected to grow at a CAGR of 4.9% during the Projection period from 2022 to 2030.
By Regional Analysis:
The regions analyzed for the Melamine Foam market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the Melamine Foam market and held a 35% share of the market revenue in 2022.
Global Melamine Foam Market- Country Analysis:
Germany’s Melamine Foam market size was valued at USD 0.9 billion in 2022 and is expected to reach USD 0.27 billion by 2030, at a CAGR of 3.5% from 2023 to 2030. In the Europe region, market growth is anticipated to be led by Germany. The potential for the high heat foam market is anticipated to be positively impacted by the presence of important automobile manufacturers in this area.
China’s Melamine Foam market size was valued at USD 0.10 billion in 2022 and is expected to reach USD 0.35 billion by 2030, at a CAGR of 3.7% from 2023 to 2030. China is anticipated to account for a sizeable portion of the worldwide melamine foam market due to rising end-use industry demand. The Chinese government has significantly improved the country's rail and road infrastructure in order to resist the rise in the industrial and service sectors, which has led to major growth in the construction industry despite the real estate market's erratic growth.
India's Melamine Foam market size was valued at USD 0.7 billion in 2022 and is expected to reach USD 0.17 billion by 2030, at a CAGR of 3.2% from 2023 to 2030. The presence of producers of melamine Foam in India and the country's well-developed automotive infrastructure are the main factors driving the market expansion there.
Key Industry Players Analysis:
To increase their market position in the global Melamine Foam business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
4.9% |
Market Size |
2 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Type, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Ecotone Systems Pvt. Ltd, Chengdu Rongyulong Technology Co Ltd, Puyang Green Foam, Junhua Group, BEIJING GUOJIAN ANKE, CMS Danskin Acoustics Limited, Linyi Yingke Chemistry, Acoustafoam, Queen City, Reilly Foam, and Clark Foam. |
By Type |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Melamine Foam Market by Type:
Global Melamine Foam Market by Application:
Global Melamine Foam Market by Region:
Global Melamine Foam market size is USD 2 billion in 2022.
The growth of this market is mainly driven by rising demand for comfortable footwear, an adequate ventilation system, and the footwear manufacturing industry.
Ecotone Systems Pvt. Ltd, Chengdu Rongyulong Technology Co Ltd, Puyang Green Foam, Junhua Group, BEIJING GUOJIAN ANKE, CMS Danskin Acoustics Limited, Linyi Yingke Chemistry, Acoustafoam, Queen City, Reilly Foam, Clark Foam
The North America Melamine Foam market was projected to gain a global market share of 35% in 2022.
The End User segment includes aerospace, railways, industrial, automotive, and others.
Political Factors- Melamine foam market to make a profit will be directly impacted by its entry into high-tax countries. High taxes impede exports and have an impact on global trade. Melamine foam market can join markets with low taxes and gain from large profits that can be used to fund R&D initiatives. To understand the priorities and interests of the host government in emerging industries, the organisation may also investigate the taxation rules that are relevant to the industry. High trade barriers can further complicate the economic climate by hurting exports and ties with overseas trading partners. Furthermore, the significant danger of ideas being stolen will discourage entrepreneurs from investing in organisations if the government of the country in question is not serious about safeguarding the intellectual property rights of business organisations.
Economic Factors- Wage rates and the availability of skilled workers are influenced by the supply and demand of labour. In order to understand how it can attract outstanding individuals and utilise their abilities to increase business performance, Melamine foam market must research and Projection the labour market conditions. Melamine foam market. can benefit from improved labour productivity when labour markets are open. Operating in restrictive labour markets, however, may result in labour wage challenges as well as other problems brought up by strong labour unions. In addition, Melamine foam market should carefully assess the availability of competent human capital because a lack of skilled personnel can negatively impact corporate efficiency and make attracting and retaining talent more difficult.
Social Factors- The melamine foam market must research conventionally accepted gender roles in order to adjust its marketing and communication strategies. Traditional, patriarchal civilisations with clearly defined gender roles will have different marketing and human resource tactics than societies with fewer gender preconceptions. The emergence of social media and e-commerce has pushed consumers to shop online. Because younger consumers are more likely to shop online than older consumers, the Melamine foam market wants to understand the generational disparities in online shopping behaviour. When creating marketing and communication plans, it is important to take into account the rising use of mobile devices and social networking sites.
Technological Factors- To comprehend how new technologies affect the firm's value chain and current cost structure, the Melamine foam market must take into account the micro and macro expenditures made by competitors. In a setting where creative disruption is prevalent, research and development efforts are crucial. To maximise profits in such a setting, the Melamine foam market should invest in disruptive technologies and reinvest the proceeds in even more disruptive technologies in the future. The lifecycle of developing new products has been shortened by the adoption of new technology. New products are created swiftly today, and supply chain partners have more clout as well. It puts pressure on the Melamine foam market to create new goods fast, diversify its product line, incorporate flexibility into the value chain, and cultivate positive business relationships with partners in the value chain.
Environmental Factors- The use of green/eco-friendly items is becoming more popular. The melamine foam market may seize the chance and implement green business strategies to gain the confidence of stakeholders. Priorities for product innovation are changing due to regulatory organisations' emphasis on ensuring conformity with environmental standards. It necessitates that the Melamine foam market prioritises and concentrates on selling their products' eco-friendliness rather than their usual value propositions. When the Melamine foam market uses resources excessively, the public, customers, environmentalists, and the media may react negatively. To learn which resources (such as water, energy, etc.) are uncommon or which species are endangered, and whose over-usage can cause problems for the organisation, the Melamine foam market must research the country's specific environmental legislation.
Legal Factors- Since certain nations have strong requirements to maintain labour safety, Kimberly-Clark. must abide by the laws governing employee/labor health and safety. The melamine foam market has an ethical and moral duty to give its employees a safe working environment. In a similar vein, anti-discrimination laws (such as equal employment opportunity laws) also need to be carefully considered when developing human resource practises as discriminatory lawsuits against employers harm the organisational image and affect organisations' capacity to attract and retain talent. Consumers' privacy and security concerns have made data protection a crucial issue. Kimberly-Clark must research data protection laws in order to safeguard client information.
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