Global Thermally Fused Laminates (TFL) Market Research Report 2020
More than 70% of global melamine consumption is for laminates and wood adhesives production. Laminates are found in products such as furniture, floors, kitchen cabinets and countertops, and walls. Wood adhesives based on melamine are found in a number of wood products including medium-density fiberboard (MDF), particleboard, and plywood. Melaminemodified wood adhesives improve the durability and moisture resistance of the final woodboard.At the same time, most medium-density fiberboards (MDF) are processed into TFL. A small number of MDF are sold directly as raw materials.
Overall economic performance will continue to be the best indicator of future demand for TFL. Demand in most downstream markets is greatly influenced by general economic conditions. As a result, demand largely follows the patterns of the leading world economies.
Continued efforts to reduce formaldehyde emissions are likely to continue in all regions. This has a positive effect on TFL consumption since melamine is a strong formaldehyde-binding agent. So-called “low-formaldehyde” boards use more melamine-modified wood adhesives in their manufacture. Increased melamine content results in reduced formaldehyde off-gassing. TFL is mainly used for furniture, interior decoration and store fixtures. In 2017, furniture application held 47.5% of the consumption market share.
Market Analysis and Insights: Global Thermally Fused Laminates (TFL) Market
The global Thermally Fused Laminates (TFL) market is valued at 11380 million US$ in 2020 is expected to reach 15230 million US$ by the end of 2026, growing at a CAGR of 4.2% during 2021-2026.
Global Thermally Fused Laminates (TFL) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Segment by Application
Global Thermally Fused Laminates (TFL) Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Thermally Fused Laminates (TFL) market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Thermally Fused Laminates (TFL) Market:
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Kronospan M&P Kaindl, TEEHOME, Swiss Krono Group, Roseburg, Arauco, Sonae Industria, DareGlobal Wood, Egger, Panel Processing, Fuxiang, Shengguo Tree, MJB Wood Group, AICA Kogyo, Panolam Industries International, Uniboard, Wilsonart, Dongwha Malaysia, Funder America, Specialty Laminates, Purbanchal Laminates, etc.
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region