Melamine Market- Industry Analysis and forecast 2027

The melamine resin coatings support to reduce solvent emissions in the automotive sector, which have positive impact on the environment, is anticipated to gain high popularity from various sectors. The increasing adoption of melamine in the automotive industry owing to the rising utilization in several automotive applications is one of the major trends in the market. However, volatility in raw materials price and crude oil prices across the globe may hamper the global market growth. Also, toxicity levels associated with melamine and availability of substitutes such as liquefied wood, soy, and powder coatings are expected to restrain the market growth.

Leave a Reply

Your email address will not be published. Required fields are marked *