)--The melamine market is expected to grow by 555.03 thousand tons during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.Request challenges and opportunities influenced by COVID-19 pandemic - https://www.technavio.com/talk-to-us'report=IRTNTR41624
As per Technavio, the increased popularity of modular kitchens will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.Melamine Market: Increased Popularity of Modular Kitchens
With changing lifestyles, consumers are increasing their spend on improving home interiors and are generously investing in modular kitchens. Modular kitchens ensure efficient use of space and increase convenience by reducing movement around the kitchen for various functions. These kitchens use decorative laminates that come in various patterns, designs, and textures. The growing popularity of modular kitchens is encouraging market players to introduce innovative products to attract customers. For instance, Wilsonart offers Traceless laminate, which is not susceptible to fingerprints. The introduction of such innovative products is increasing the sales of decorative laminates, which, in turn, is influencing the growth of the global melamine market.“Increasing emergence of circular economy and growing production of melamine and the use of new technology will further boost market growth during the forecast period,” says a senior analyst at Technavio.Register for a free trial today and gain instant access to 17,000+ market research reportsRequest a free sample report
Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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