High Heat Melamine Market: Current Analysis and Forecast (2022-2028)

Report Description

Global High Heat Melamine Market is expected to grow at a significant rate of around 12% during the forecast period with an incremental growth of around USD 2 billion between 2022-2028. 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. Additionally, rapid urbanization and changing lifestyles in emerging economies increase the development of the construction industries which in turn propels the demand for the high heat melamine foam across the globe. However, the fluctuation in the raw material price of the high-heat melamine foam is creating challenges for the manufacturer.

Acoustafoam, 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, and SIG plc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst products, Semi-Rigid Melamine category to witness robust CAGR during the forecast period”

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.

“Amongst application, the automotive segment to hold a significant share in the market in 2020”

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.

“North America to hold a significant share in the market”

In 2020, North America held a significant share of the global high heat melamine foam market. 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 USD 1.3 billion. However, Asia-Pacific also witnesses significant market growth during the forecast period owing to the increasing development and industrialization coupled with the growing population.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

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Research Methodology

Research Methodology for the High Heat Melamine Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global high heat melamine market were the three major steps undertaken to create and analyze the adoption of high heat melamine in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global high heat melamine market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the high heat melamine market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the high heat melamine market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the High Heat Melamine market. Further, we conducted factor analysis using dependent and independent variables such as various products and applications of high heat melamine. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the high heat melamine market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global high heat melamine market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the high heat melamine market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global high heat melamine market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global high heat melamine market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and application in the global high heat melamine market.

The main objective of the Global High Heat Melamine Market Study

The current & future market trends of the global high heat melamine market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the high heat melamine market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product and application.
• Define and analysis of the regulatory framework for the high heat melamine
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the high heat melamine market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the high heat melamine market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry

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