The global High Heat Melamine Market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- September 24, 2022
- CHEMICAL, NEWS
- High Heat Melamine Market forecast, High Heat Melamine Market Growth, High Heat Melamine Market News, High Heat Melamine Market Share, High Heat Melamine Market Size, High Heat Melamine Market Trend
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High heat melamine foam is manufactured by utilizing formaldehyde-melamine-solution bisulfate copolymer. The high-heat melamine foam is soft and low-density material. Melamine is halide free material that prevents them against radiation and the release of toxic gas when it comes in the contact with heat & flames. In recent years, the demand for high heat melamine foam has risen dramatically due to the growing use for insulation coupled with the growing awareness among consumers relating to the environmental benefit of foam insulation.
The High Heat Melamine Market is expected to grow at a steady rate of around 12% owing to the increasing utilization of the high heat melamine foam in buildings & construction, metal ceiling panels, and acoustic panels coupled with the changing living standard and growing environmental awareness across the world. Major companies in the market offer high-heat melamine foam for automotive and construction applications with technologically advanced features. For instance, Volkswagen starts using BASF’s sound-absorbing melamine foam for its EA888 engine which helps to reduce the overall temperature of the vehicle engine.
For a detailed analysis of the Global High Heat Melamine Market browse through https://univdatos.com/report/high-heat-melamine-market/
Based on application, the market is categorized into aerospace, railways, industrial, automotive, and other. Among these, the automotive sector accounted for the significant market growth during the forecast period due to their uses for the energy-saving application. Also, high-heat melamine foam provides heat insulation, sound absorption, fire resistance, and thermos-forming in the automotive industries. Additionally, the lower weight of the high-heat melamine foam prevents the heating of the vehicle and due to the lower weight gives overall operational efficiency.
Based on the product, the market is segmented into rigid melamine foam, semi-rigid melamine foam, and flexible melamine foam. Among them, the semi-rigid melamine foam accounted for the higher market share during the forecast period due to its increasing application in the industrial sector and transportation sectors. Also, semi-rigid melamine is widely used in the plastic industry due to its superior flame retardancy, better sound absorbing properties, better heat resistance & fire-retardant properties which propels the semi-rigid melamine foam market.
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For a better understanding of the market adoption of the high heat melamine industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the changing lifestyles backed by growing disposable income and surging per capita spending of individuals in the region is driving the growth of the market. Moreover, the increasing size of the construction, automotive, and transport sectors is growing the demand for high-heat melamine foam in the region. Also, the ability to withstand the higher temperature of 800C-2000C or above and higher temperature operational activities, and higher thermal stability are increasing the demand for high heat melamine foam in the continent. Additionally, the presence of the major player in the market and the increasing number of investments and mergers & acquisitions in the region is the key driving factor for the growth. Such as BASF group acquired Solvay’s Polyamide business in the year 2020 for Euro 1319 million. However, Asia-Pacific also witnesses significant market growth during the forecast period owing to the increasing development and industrialization coupled with the growing population.
Some of the major players operating in the market include Polaris Inc., Honda Motor Co. Ltd., Textron Inc., Kawasaki Heavy Industries Ltd., Yamaha Motor Co. Ltd., Suzuki Motor Corporation, Deere & Company, Bombardier Recreational Products Inc., KWANG YANG MOTOR CO. LTD., and Hisun Motors Corp.
Global High Heat Melamine Market Segmentation
Market Insight, by Product
• Rigid Melamine Foam
• Semi-rigid Melamine Foam
• Flexible Melamine Foam
Market Insight, by Application
Market Insight, by Region
- North America
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Clark Foam
- CMS Danskin Acoustics Limited
- PUYANG GREEN FOAM
- MNM COMPOSITES PVT. LTD.
- Asian Glory Chemical Company Limited
- Wilhams Insulation
- Zhejiang Ya Dina New Material Technology Co. Ltd.
- Puren Gmbh
- SIG plc