The Global Melamine Foam Block Market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Melamine foam blocks are used as cushioning material and insulating material in furniture due to their excellent shock absorbing and heat resistant properties. They provide comfort and support to furniture while maintaining their shape.
Market Overview:
Melamine foam blocks are synthetic foam materials made from formaldehyde, melamine and sulfur dioxide. They are light weight and bounce back to their original shape after compression. Melamine foam blocks have superior acoustic insulating properties which makes them suitable for soundproofing applications in construction, automobile and appliances industries. Their flame retardant and non-toxic nature further increases their usage.
Market key trends:
One of the key trends in the melamine foam blocks market is its increasing adoption in the construction industry. Melamine foam blocks provide excellent sound insulation and are increasingly used in wall cavities, between floors and behind drywalls for reducing noise transfer between rooms. They have high ratings for sound transmission class (STC) and noise reduction coefficient (NRC) parameters. Their light weight and easy installation process compared to other insulation materials is boosting their popularity in residential and commercial construction projects. Another major trend is the growing demand for eco-friendly and sustainable insulation materials which is fueling the sales of melamine foam blocks as they are manufactured without using harmful chemicals like HCFCs and CFCs.
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Market key trends:
One of the key trends in the melamine foam block market is its increasing usage in soundproofing and acoustic insulation applications. Melamine foam blocks are highly porous and feature an open-cell structure that makes it an excellent sound absorber. It is being widely used in studios, offices, factories, and various indoor spaces to reduce ambient noise levels. Moreover, melamine foam offers benefits like durability, lightweight, affordability and sustainability which is further propelling its demand in the acoustic insulation market.
SWOT Analysis
Strength: Melamine foam blocks are lightweight, durable and affordability which makes it an attractive option for soundproofing.
Weakness: Melamine foam blocks are combustible in nature and can release toxic fumes if burned.
Opportunity: Growing construction industry and increasing demand for soundproof materials from various end-use industries like automotive presents an opportunity for market growth.
Threats: Availability of substitute soundproofing materials like mineral wool and fiberglass poses competition to melamine foam blocks. Stringent regulations regarding fire safety is also a threat.
Key Takeaways
The Global Melamine Foam Block Market Demand is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing construction activities across developing nations.
The Asia Pacific region dominates the global melamine foam block market and is expected to grow at the fastest rate during the forecast period. Countries like China, India, and Japan are the major contributors to the market growth in the region owing to rapid industrialization and urbanization.
Key players operating in the Melamine Foam Block Market are BASF SE, SINOYQX, Puyang Green Yingli New Material Tech Co. Ltd, BEIJING GUOJIAN ANKE, ZHEJIANG LIN’AN YUNQING MELAMINE PLASTIC FOAM CO., PentaClick, Acoufelt, Clark Foam, Reilly Foam Corporation, Soundcoat, Festa. BASF SE and SINOYQX captured over 30% of the global market share.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it