Melamine Formaldehyde Market Surpasses Projections in 2023
Global Melamine Formaldehyde Market was valued at US $ 27.05 Billion in 2022 and is expected to reach US $ 50.4 Billion by 2030 growing at a CAGR of 8.1% during the forecast period 2023 – 2030
Moreover, the electrical and electronics industry has witnessed a growing adoption of melamine formaldehyde in the manufacturing of insulating materials. The inherent thermal stability of these resins makes them ideal for applications requiring electrical insulation, contributing to the efficiency and safety of electronic devices and components.