Melamine Price Trend

Melamine Prices December 2023

The price of melamine in the USA for Q4 2023 reached $ 1851/MT in December. There is an increase in US melamine prices due to the rising demand in the construction and lamination sectors.

The price trend for melamine in South Korea saw a decline driven by various factors, such as reduced feedstock urea and lowered natural gas prices, impacting orders from the manufacturing sector. Moreover, there is a drop in contracts in the civilian and public sectors, reflecting a challenging scenario in the construction sector of the country.

In Germany, the price for melamine market was $ 1534/MT, influenced by operational costs and moderate demand outlook. The Association of German Pfandbrief Banks reported a 1.7% decline in property prices, impacting construction firms.

Brazil’s melamine prices were $ 1138/MT in Q4 2023, witnessed by improved GDP growth. The increased import prices, driven by rising prices in exporting countries, further pushed up the prices of melamine in Brazil. The trend for melamine prices in the country Brazil during the Q4 of 2023 was bearish, with a price decrease of -35% than the previous quarter.

Melamine Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Melamine Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of melamine pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of melamine at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of melamine price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing melamine price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Melamine Market Analysis

The global melamine market size reached US$ 1.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.8 Billion, at a projected CAGR of 4.80% during 2023-2032.

• The escalating demand for melamine due to the thriving construction sector is impelling the growth of the market. According to the Invest India, the construction industry is anticipated to reach US$ 1.4 Trillion by 2025. Besides this, melamine-faced panels are laminated panels that are made by coating a thin layer of melamine resin on a wooden or composite substrate. They provide enhanced durability, resistance to moisture, and an attractive appearance. They can also withstand high temperatures and are fire resistant. They are widely used for interior applications, like cabinetry, wall partitions, and furniture. In addition, the increasing focus on sustainable construction practices, along with the growing demand for energy-efficient buildings, is offering a positive market outlook.
• The melamine demand is further increased due to its utilization in the agriculture sector. The growing adoption of melamine-based fertilizers on account of the rising need to enhance agricultural productivity is positively influencing the market. Furthermore, the global agricultural production of primary crops reached 9.5 billion tons in 2021, as claimed by the Food and Agriculture Organization of the United Nations. Apart from this, melamine can be used as a slow-release nitrogen (N) fertilizer, which provides a route for the recycling of melamine waste and the combatting of N loss from fertilizers.
• Melamine also serves as a suitable coating in automotive applications for interior components and parts. The increasing need for melamine due to the surge in vehicle production. For instance, Society of Indian Automobile Manufacturers reported that there were a total 2,59,31,867 vehicle production in 2022-2023. In addition, melamine formaldehyde (MF) resins are fast curing and can withstand high temperatures while providing enhanced chemical resistance. They are used in surface coatings of automobiles and to make decorative laminates. Besides this, melamine coatings exhibit resistance to various chemicals, including automotive fluids, such as oils and cleaners, thereby protecting interior components from chemical damage.

Melamine News

The report covers the latest developments, updates, and trends impacting the global melamine market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in melamine production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the melamine price trend.

Latest developments in the melamine industry:

• 1 September 2021, Eurotecnica announced the award of two other large contracts for the implementation of high-pressure melamine plants with 60,000 tons per year and 80,000 tons per year capacity, respectively. Both plants feature single reactors and use the ultimate 5th generation (G5) proprietary Euromel® technology.
• 23 August 2022, PETRONAS Chemicals Group Berhad (PCG) unveiled its melamine plant project in the vicinity of its PETRONAS Chemicals Fertiliser Kedah Sdn Bhd (PC FK) complex. The plant is targeted to come onstream in 2024 with a capacity of 60,000 tons per annum, making PCG the sole melamine producer in Southeast Asia.

Product Description

Melamine is a colorless crystalline substance that belongs to the family of heterocyclic organic compounds. It can be manufactured from dicyandiamide, hydrogen cyanide, or urea. It is primarily used for the manufacture of synthetic resins. It resists fire and can tolerate heat better than other plastics. It assists in making durable and long-lasting kitchenware products.

Melamine formaldehyde resins are used as finishing agents to impart wrinkle resistance and crease recovery properties to fabrics. They are also used in protective clothing, such as firemen uniforms, thermal liners, or heat-resistance gloves and aprons.

In line with this, melamine is usually co-reacted with urea-formaldehyde to prevent formaldehyde emissions in particleboards. Furthermore, it is employed in decorative laminates for flooring, wall panels, countertops, and furniture surface due to its scratch resistance and aesthetic appeal.

Regional Coverage

The report provides a detailed analysis of the melamine market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the melamine price trend.

Global Melamine Price

The report offers a holistic view of the global melamine pricing trends in the form of melamine price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of melamine but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed melamine demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Melamine Price

The European region experienced mixed sentiment in the melamine market. The German market witnessed declined demand due to reduced stock sizes and new orders. December month saw a decline in melamine prices in Germany due to lowered feedstock urea and reduced natural gas prices. In addition, oversupply decreased crude oil and feedstock urea, and weakened procurement contributed to reduced production costs, prompting manufacturers to adjust prices. Furthermore, diminished demand from the construction industry led to a market-wide reduction in melamine, ultimately contributing to a decline in prices in Germany.

This analysis can be extended to include detailed melamine price information for a comprehensive list of countries.

North America Melamine Price

In North America, the melamine market in December witnessed increased prices due to supply constraints and surged demand from downstream industries. Moreover, the surge was linked to a supply-demand imbalance, with melamine inventory levels dropping, exerting upward pressure on prices, while the feedstock urea price remained moderate. Besides this, the increased spending on home renovation projects and strong demand from the laminate and automobile sectors contributed to the overall rise in melamine prices.

Specific melamine historical data within the United States and Canada can also be provided.

Middle East and Africa Melamine Price

The melamine market in the Middle East and Africa (MEA) region showcased a bearish sentiment owing to weaker demand fundamentals from downstream businesses. It has led to limited self-consumption and low exports, resulting in downward price trends. Furthermore, the region is experiencing challenging economic conditions and a liquidity crisis, leading to a further decline in market activity and purchasing power.

The report explores the melamine pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on melamine prices for countries can also be provided.

Asia Pacific Melamine Price

The melamine pricing in the Asia Pacific region exhibited mixed sentiment. October and December in South Korea saw a decline in price on account of factors like reduced feedstock urea and lower natural gas prices. In addition, surging demand in the housing and automotive sectors, along with a sudden halt in feedstock urea shipments, created a supply constraint, driving prices higher. This surge was characterized by increased new orders, underlining the growing demand for melamine in various industries.

This melamine price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Melamine Price

The analysis of melamine prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of melamine pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting melamine price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The melamine price charts ensure our clients remain at the forefront of the industry.