Melamine foam blocks are resilient open-cell foams made from melamine resin and formaldehyde. They are an excellent sound absorbing and insulating material used for acoustic insulation in walls, ceilings, floors, doors and other architectural elements. The blocks are easy to cut and shape, highly flame retardant and durable. Major applications of melamine foam blocks include soundproofing walls and floors in residential and commercial constructions to reduce noise transmission, insulating pipes and ducts, and packaging fill for cushioning fragile items during transportation.
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 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
For instance, in January 2020, BASF SE acquired Solvay’s polyamide business for €1.3 billion to expand its engineering plastics business. Polyamides are an important customer segment for BASF’s polyurethane systems business, which provides system solutions for applications including insulation materials. This acquisition helped BASF strengthen its position as a provider of integrated system solutions along various value chains. Similarly, in August 2019, INOAC Corporation acquired U.S.-based FoamPartner to expand its product portfolio and global footprint. FoamPartner is a leading manufacturer of flexible and rigid polyurethane foams. This acquisition complemented INOAC’s existing product range of upholstery, packaging, and automotive foams.
Rising Demand for Sound Insulation in Construction Sector: The increasing demand for soundproofing and noise control materials from the construction industry is expected to propel the melamine foam block market growth. Melamine foam blocks are widely used in wall, floor, and ceiling constructions to reduce sound transmission between rooms. Rapid urbanization and infrastructure development have increased the need for soundproof buildings, thereby supporting market growth. In both residential and commercial buildings, builders are incorporating sound insulation to enhance occupant comfort and comply with stringent noise pollution regulations.
Segment Analysis
The melamine foam block market is segmented by application into soundproof walls, sound insulation panels, soundproof windows and doors. The soundproof walls segment holds the largest market share as melamine foam blocks are widely used in walls for effective sound insulation properties. The closed cell structure of melamine foam blocks helps reduce transmission of noise by up to 10 decibels which makes it favorable for use in walls.
PEST Analysis
Political: There are no significant political factors affecting the melamine foam block market currently.
Economic: The rising construction activities globally especially in developing countries is driving demand for soundproofing materials like melamine foam blocks for insulation. The growing real estate sector also boosts market growth.
Social: With increasing noise pollution levels, there is rising awareness among people about effects of noise on health and well-being. This increases preference for soundproof homes and buildings using materials like melamine foam blocks.
Technological: Manufacturers are developing melamine foam blocks with improved insulation properties through advanced production processes. Some are incorporating phase change materials for enhanced thermal insulation in blocks.
Key Takeaways
The Global Melamine Foam Block Market Size is expected to witness high growth over the forecast period of 2023 to 2030. 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 5.9% over the forecast period 2023 to 2030.
Regional analysis shows Asia Pacific dominates the market currently led by China. Growing construction industries and real estate sectors in countries like India and Indonesia are pushing market expansion in the region.
Key players operating in the melamine foam block market are RhinoGear, Race Ramps, AutoZone, QuickJack, Discount Ramps, OTC Tools, Black Widow, BendPak, EZ Car Lift, Craftsman, Sunex Tools, RevZilla, Garage Living, Autobahn88, Torin Big Red. RhinoGear and Race Ramps have established strong distribution networks across North America making them the leading suppliers. Manufacturers are focusing on new product launches with enhanced insulation properties to gain market share.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it