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Analysis on New Product Launches in COVID-19 Related Markets - Melamine Market 2020-2024

LONDON--(BUSINESS WIRE)--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 -'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.

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Publication date: 13/07/2020

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This project has been co-funded with the support of the LIFE financial instrument of the European Union [LIFE17 ENV/ES/000438] Life programme

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Last update: 2022-01-31