The global Melamine Pyrophosphate Market is expected to attain a valuation of USD 324.65 million in 2023 and is projected to reach USD 580 million by 2033, and is expected to rise at a CAGR of 6%.
Melamine pyrophosphate also abbreviated as MPP is a white crystalline powder with a phosphorous content of around 12 to 14% and nitrogen content of around 42 to 44 %.
MPP is widely used as a flame retardant additive in plastics, adhesives coatings, and polymers. MPP is halogen free and is highly effective owing to the presence of nitrogen and phosphorous thus, resulting in efficient P-N-synergism.
Asia Pacific is considered to be a dominant region for the Melamine Pyrophosphate market and its derived products, driven primarily by its utilization across the chemicals and materials industry.
Melamine pyrophosphate is generally applied as an additive and reactive flame retardant for thermally resistant polyurethane products.
The demand for melamine pyrophosphate is expected to rise due to growing demand for safety and security. However, the market growth is expected to be hindered by health concerns related to skin and eye irritation.
On the other hand, the development of non-toxic and eco-friendly flame retardants for foams used in upholstery and mattresses, which have reduced chlorine contamination, presents new opportunities for market players.
Prominent manufacturers adopting strategies to explore untapped markets are expected to find lucrative growth opportunities in the market.
Report Attribute | Details |
---|---|
Expected Market Value (2023) | USD 324.65 million |
Anticipated Forecast Value (2033) | USD 580 million |
Projected Growth Rate (2023 to 2033) | CAGR of 6% |
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The melamine pyrophosphate market was worth USD 270.4 million in 2018. It accumulated a market value of USD 322.11 million in 2022 while growing at a CAGR of 4.4% during the historical period.
The market is experiencing significant growth due to the increasing demand for this compound in flame retardants.
Melamine polyphosphate offers unique characteristics that make it desirable for such applications. Additionally, its heat stability and corrosion-resistant properties make it widely used in glass fiber reinforced polyamide 6 and 66, further contributing to the market's growth.
The demand for melamine pyrophosphate is expected to rise due to growing demand for melamine polyphosphate in flame-retardant synthetic resin.
As the use of flame retardants in construction materials and building products continues to rise, the demand for melamine polyphosphate increases.
Furthermore, the demand for melamine polyphosphate in glass fiber reinforced polyamide 6 and 66 is proliferating the market's growth.
These materials are valued for their strength, stiffness, heat distortion temperatures, and abrasion resistance, making them suitable for engineering components, including automotive parts.
The market is positively impacted by the increasing demand for melamine polyphosphate in various industries such as electronics, construction, automotive, aerospace, and others.
The unique properties of melamine polyphosphate make it a preferred choice in these sectors. The increasing demand for melamine polyphosphate in flame retardants and its wide range of applications in different industries are significant drivers that are anticipated to shape the demand outlook in the forthcoming period.
Asia Pacific is the largest market for melamine pyrophosphate and the trend is expected to continue into the forecast period owing to rapid industrialization in this region.
The region is expected to accumulate a 42.6% market share by 2033, while growing at a CAGR of 6.1% during the forecast period. Growing demand for electrical & electronics is indirectly expected to augment the Melamine Pyrophosphate market.
The market growth in developed economies including China and India is expected to boost the growth of the melamine pyrophosphate market, owing to the increase in the demand for melamine pyrophosphate in the electronics and electricals industry.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for Melamine Pyrophosphate, with Germany expected to steer the bulk of all regional growth.
The demand in the European region is expected to rise with a CAGR of 5.8% during the forecast period. Extensive applications in the electronics industry are keeping sales of Melamine Pyrophosphate afloat across Germany.
Europe is expected to witness tremendous growth owing to its recovery from the economic downturn. Furthermore, this market in the region is expected to increase owing to the growing demand for melamine from the automotive and construction industry.
Industrial Grade Melamine Pyrophosphate to Account for a Sizeable Market Share
The sales of industrial grade melamine pyrophosphate is expected to grow with a CAGR of 7.9% during the forecast period. The segment is expected to accumulate a 62% market share by end of the forecast period.
Industrial grade melamine pyrophosphate is compatible with a wide range of materials, including plastics, rubber, textiles, coatings, and adhesives. It can be incorporated into these materials during their manufacturing processes to enhance their flame retardant properties.
Industrial grade melamine pyrophosphate is typically manufactured to meet specific regulatory standards for flame retardants. These standards may vary across different countries and industries, and it is essential to ensure compliance with relevant regulations and guidelines.
Textiles Industry to Generate Significant Demand for Melamine Pyrophosphate
The demand for melamine pyrophosphate from the textile industry is anticipated to remain high with a CAGR of 7.5% during the forecast period.
In the textile industry, melamine pyrophosphate (MPP) is primarily used as a flame retardant additive. Its excellent flame retardant properties make it a valuable component in textile materials to enhance their fire resistance.
MPP is commonly used in the production of upholstery fabrics for furniture, automotive interiors, and other applications. By incorporating MPP into the fabric, the fire resistance of the upholstery is improved, reducing the risk of rapid flame spread and ensuring compliance with safety regulations.
Curtains and drapes often contain MPP to provide flame retardancy. This is especially important for curtains used in public spaces, hotels, theaters, and other venues where fire safety is a concern.
Textile materials used in bedding and mattresses can be treated with melamine pyrophosphate to enhance their fire resistance. This helps reduce the flammability of these products, ensuring better safety in case of a fire.
Start-ups have a significant role in recognizing growth prospects and driving industry expansion.
Their proficiency in transforming inputs into outputs and adapting to market uncertainties is valuable. In the melamine pyrophosphate market, several start-ups are engaged in manufacturing and providing related services.
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The market for melamine pyrophosphate is highly competitive, with various prominent industry players making substantial investments in increasing their manufacturing capabilities.
The key industry players are Sichuan Institute of Fine Chemical Industry Research and Design, Cnsolver Technology, JLS Chemical, Zhenjiang Sanwa Flame Retardant Technology, Puyang Chengke Chemical, Shouguang Weidong Chemical, Tianyi, Shian Chemical, Century Multech Inc., Zhenjiang Xingxing Flame Retardants.
Some recent developments in the melamine pyrophosphate market are:
Report Attribute | Details |
---|---|
Expected Market Value in 2023 | USD 324.65 million |
Projected Market Value in 2033 | USD 580 million |
Growth Rate | CAGR of 6% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Type, Application, End Use Industry, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, China, Japan, South Korea, India, Bangladesh, Australia, New Zealand, GCC countries, South Africa, Israel |
Key Companies Profiled | Puyang Chengke Chemical; Shouguang Weidong Chemical; Tianyi; Shian Chemical; Sichuan Institute of Fine Chemical Industry Research and Design; Cnsolver Technology; JLS Chemical; Zhenjiang Sanwa Flame Retardant Technology; Century Multech Inc.; Zhenjiang Xingxing Flame Retardants |
Customization & Pricing | Available Upon Request |
In 2023, the melamine pyrophosphate market is expected to attain USD 324.65 million.
The melamine pyrophosphate sales to spur to USD 580 million in 2033.
Through 2033, the market is set to evolve at a CAGR of 6%.
Between 2018 and 2022, sales surged at a 4.4% CAGR.
The Asia Pacific is expected to account for around 42.6% of the global market.
The melamine pyrophosphate demand to increase in Europe with a CAGR of 5.8% over the projection period.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Experimental Grade 5.2. Industrial Grade 5.3. Commercial Grade 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Synthetic Resins 6.2. Thermoplastic Elastomers 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry 7.1. Synthetic Resins 7.2. Automotive 7.3. Textile 7.4. Aerospace & Defense 7.5. Packaging 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Puyang Chengke Chemical 18.2. Shouguang Weidong Chemical 18.3. Tianyi 18.4. Shian Chemical 18.5. Sichuan Institute of Fine Chemical Industry Research and Design 18.6. Cnsolver Technology 18.7. JLS Chemical 18.8. Zhenjiang Sanwa Flame Retardant Technology 18.9. Century Multech Inc. 18.10. Zhenjiang Xingxing Flame Retardants 19. Assumptions & Acronyms Used 20. Research Methodology
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