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Melamine raw material market trends

Melamine raw material market trends

2024-05-17

2023 Market Review
In 2023, affected by factors such as raw material prices, downstream industry demand, and economic conditions, the global melamine market will show different trends in different regions.

Europe
European melamine market prices increased towards the end of 2023, driven by increased demand from the furniture, laminate and coatings industries. Disruption of global trade routes has also contributed to this upward trend. Germany is an important player in this market and despite a slight decrease in urea costs, melamine prices have remained elevated due to strong demand from the construction and furniture industry (ChemAnalyst) (Procurement Source)​.

North America
In North America, melamine prices have been rising due to supply constraints and strong demand from the construction and automotive industries. Increased spending on home renovation projects in the market has further boosted demand. However, the region also faces challenges such as stable inflation rates and limited supply of raw materials, which affects the overall market dynamics (Procurement Resources) (IMARC)​.

Asia-Pacific
The melamine market trends in the Asia-Pacific region are mixed. Although some regions, such as China, saw price declines in early 2023 due to oversupply and weak demand, the situation improved by the third quarter. Rising raw material costs and stable demand from downstream industries, including housing and automotive, have helped stabilize or even increase prices in some markets (IMARC).

South America
The South American melamine market experienced price declines in the second quarter of 2023. Slowing domestic demand and falling import prices have contributed to this trend. Economic conditions in the region, characterized by lower new orders and problematic monetary conditions, have further restrained market growth (ChemAnalyst).

Market Outlook 2024
Looking forward to 2024, the melamine market is expected to continue to be affected by raw material prices, especially urea prices; at the same time, the recent increase in sea freight prices has also affected the global supply and demand pattern and export demand. The overall sentiment is cautious, with a focus on closely monitoring economic conditions and market demand (SunSirs).

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Blog Details
Created with Pixso. Home Created with Pixso. Blog Created with Pixso.

Melamine raw material market trends

Melamine raw material market trends

2024-05-17

2023 Market Review
In 2023, affected by factors such as raw material prices, downstream industry demand, and economic conditions, the global melamine market will show different trends in different regions.

Europe
European melamine market prices increased towards the end of 2023, driven by increased demand from the furniture, laminate and coatings industries. Disruption of global trade routes has also contributed to this upward trend. Germany is an important player in this market and despite a slight decrease in urea costs, melamine prices have remained elevated due to strong demand from the construction and furniture industry (ChemAnalyst) (Procurement Source)​.

North America
In North America, melamine prices have been rising due to supply constraints and strong demand from the construction and automotive industries. Increased spending on home renovation projects in the market has further boosted demand. However, the region also faces challenges such as stable inflation rates and limited supply of raw materials, which affects the overall market dynamics (Procurement Resources) (IMARC)​.

Asia-Pacific
The melamine market trends in the Asia-Pacific region are mixed. Although some regions, such as China, saw price declines in early 2023 due to oversupply and weak demand, the situation improved by the third quarter. Rising raw material costs and stable demand from downstream industries, including housing and automotive, have helped stabilize or even increase prices in some markets (IMARC).

South America
The South American melamine market experienced price declines in the second quarter of 2023. Slowing domestic demand and falling import prices have contributed to this trend. Economic conditions in the region, characterized by lower new orders and problematic monetary conditions, have further restrained market growth (ChemAnalyst).

Market Outlook 2024
Looking forward to 2024, the melamine market is expected to continue to be affected by raw material prices, especially urea prices; at the same time, the recent increase in sea freight prices has also affected the global supply and demand pattern and export demand. The overall sentiment is cautious, with a focus on closely monitoring economic conditions and market demand (SunSirs).