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| Melamine Foam Block Market |
Melamine foam block is a material produced from formaldehyde and melamine and has unique sound absorption and insulation properties. Melamine foam block provides efficient soundproofing and thermal insulation solutions for various industrial and commercial applications. It is increasingly used for manufacturing soundproof booths, acoustic panels, insulation panels and soundproof doors and walls due to its efficient sound absorption and thermal insulation capabilities. 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 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of the melamine foam block market is
its strong demand from the construction industry. Melamine foam block finds wide
applications in construction industry for insulation and soundproofing of
walls, floors and ceiling. It provides an efficient and cost-effective solution
for insulation and soundproofing in buildings. Its usage reduces the
transmission of sound between rooms and floors of buildings. It also provides
thermal insulation and helps maintain the interior temperature of buildings.
Increasing construction of commercial buildings and homes is expected to drive
the demand for melamine foam block for various insulation and soundproofing
applications during the forecast period.
Segment Analysis
The global melamine foam block market is dominated by the commercial
sub-segment. The commercial sub-segment accounted for over 60% of the total
melamine foam block market share. It is the most widely used type of melamine
foam block for soundproofing and acoustic insulation in commercial buildings
like offices, conference halls, auditoriums etc. The blocks provide excellent
sound absorption and noise reduction properties for walls and ceilings.
Key Takeaways
The global Melamine
Foam Block Market Share is expected to witness high growth over the
forecast period of 2023-2030. Market size for 2023 is US$ 1.29 Bn and projected
to grow at a CAGR of 7.8% during the forecast period.
Regional analysis
Asia Pacific region held the largest share of over 40% of the global melamine
foam block market in 2023. Rapid industrialization and infrastructure
development activities in major economies like China and India are driving the
demand for melamine foam blocks in the region. These blocks are extensively
used for insulation in factories, warehouses, construction sites etc to
minimize noise pollution. The APAC region is expected to remain the fastest
growing market during the forecast period.
Key players
Key players operating in the melamine foam block market are Lockheed Martin,
Northrop Grumman, Analytical Graphics, ExoAnalytic Solutions, Schafer, Etamax
Space, Vision Engineering Solutions, Applied Defense Solutions, Spire Global,
and Harris. Lockheed Martin is a major player with over 15% market share. The
company offers innovative melamine foam block products and solutions for noise
control across various industries.
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