In Italy, the melamine resins market size by volume showed significant fluctuations from 2013 to 2023. The market volume peaked in 2015, reaching approximately 72.883 million kilograms. However, a notable decline began in 2018, with a dramatic drop of 17.89%. From 2019 onwards, the market faced consecutive annual contractions, bringing the volume down to 50.071 million kilograms by 2023.
Future trends indicate a continuous decline, with forecasted data suggesting a slight decrease in volume, with the 5-year CAGR projected at -0.19%. The market volume by 2028 is expected to stand at 49.482 million kilograms, reflecting a slow, yet consistent downward trend.
Future trends to watch for:
- Impacts of environmental regulations and sustainability trends on melamine resin demand.
- Technological advancements leading to potential alternatives or enhancements for melamine resins.
- Changes in key industries using melamine resins, such as construction and automotive sectors.