There are four key players in North America melamine formaldehyde market, who together hold a large share of the market. Momentive Specialty Chemicals, the Columbus-based chemical manufacturing company, is focusing on formaldehyde plant expansion. The expansion would help the company to expand its production capacity and market reach in North America. Moreover, in 2014, the company signed an acquisition agreement with the resin coated proppants manufacturing facility located in Shreveport, Louisiana, from CRS Proppants LLC. The acquisition provided immediate capacity for the company to meet the growing demand, and also enhanced the company’s integrated asset network.
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In 2014, Allnex Belgium S.A. established a new research center in the Americas for 4 key areas, such as liquid coating & additives, powder coating resins, Radcure energy curable resins, and cross linkers. This expansion helped the company to increase its melamine formaldehyde market reach in the Americas region.
Ineos Melamines (Germany) is another leading player in the North America melamine formaldehyde market; the company is focusing on product developments to retain its market position. The company launched two products, which broadened the applications of its products in nonwoven materials and fabrics. Furthermore, in November, 2011, Tembec Inc. (Canada) and A.R.C Resins Corporation entered into a financial agreement with GE Canada Finance Holding Company for a revolving credit facility of $200 million. A.R.C Resins is a leading domestic resins distributor in North America. Through this agreement, Tembec obtained the financial strength required to cater to the prevailing demand in the North American region.
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The major participants operating in the North America melamine formaldehyde market are Momentive Specialty Chemicals, BASF S.E., Hexion Inc., Ineos Melamines, Tembec Inc., Allnex Belgium S.A., Cytec Industries Inc., Georgia-Pacific LLC, and AkzoNobel Chemicals, among others.
