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Global Laminate Flooring Market Trends and Forecast 2023-2029, report discovers comprehensive insights on key manufacturers with share information, market size and projection, key dynamics, growth factors, and new company profiles. The report provides detailed information about the market overview, prevalent trends, demand, and recent developments impacting the market growth in the coming years. Laminate Flooring Market opportunities analysis, strategic growth analysis, product launches, marketplace expanding, and technological innovations are also highlighted. The report uncovers Laminate Flooring market size, potential growth, trends and expansion strategies followed by top prominent players.
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Laminate Flooring Market Analysis and Size
Over the years, laminate flooring has gained popularity as a flooring material. The laminate flooring has been largely used owing to their developments in design and printing technology and the launch of unique product designs by manufacturers, fueling global demand for laminate flooring. Therefore, the market is estimated to show lucrative growth over forecast period.
Global Laminate flooring Market was valued at USD 28.91 billion in 2021 and is expected to reach USD 44.36 billion by 2029, registering a CAGR of 5.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Type
Product
Application
Market Definition
Laminate flooring is a multi-layer synthetic flooring product with wear, design, core, and back layers that are glued together using the lamination process. Melamine and aluminum oxide are commonly used in the upper layer to provide the laminate board a scratch and moisture resistant surface. Laminate flooring is less expensive and easier to install and maintain than engineered wood, solid hardwood, and stone floor coverings.
Some of the major players operating in the Laminate Flooring market are
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The report provides insights on the following pointers:
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Global Laminate Flooring Market Dynamics
Drivers
Compared to engineered wood, solid hardwood, and stone floor coverings, laminate flooring is easier to install, requires less specialized work, and is less expensive. It can even imitate stone, tile, and wood patterns. Furthermore, innovative features such as bespoke prints and designs, better wear layers, high-quality visuals, and greater chemical resistance are expected to drive global demand for laminate flooring. Also, it is a durable and adaptable flooring solution that resists stains, scratching, denting, and fading. These advantageous properties are estimated to boost the market growth over the forecasted period.
The need for modern housing has increased as the world’s population and living standards have improved, particularly in emerging economies, contributing significantly to the market’s expansion. Moreover, the increase in residential construction floor renovation and replacement activities is predicted to boost demand in the residential end-use market.
The mounting construction activities will further propel the growth rate of laminate flooring market. Additionally, the increased adoption of laminate flooring to replicate different surfaces such as tiles, stones, and wood are projected to bolster the market’s growth.
Opportunities
Furthermore, the substantial investments in the real estate sector along with the advancements in printing and designing technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the introduction of laminate flooring with advanced characteristics by manufacturers such as bespoke prints and designs, better wear layers, increased locking mechanisms, high-quality visuals, and greater chemical resistance, will further expand the future growth of the laminate flooring market.
Restraints/Challenges
The price fluctuation of laminate flooring raw materials and their availability can offer a significant problem to laminate flooring manufacturers, which will create hindrances for the growth of the laminate flooring market.
The surge in health and environmental concerns will prove to be a demerit for the laminate flooring market. Therefore, this will challenge the laminate flooring market growth rate.
Moreover, waste disposal is also expected to hamper the growth of the global laminate flooring market.
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Table of Content of Laminate Flooring Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Laminate Flooring market (2022-2029).
2: Exclusive Summary – the basic information of the Global Laminate Flooring Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Laminate Flooring; Post COVID Analysis.
4: Presenting the Global Laminate Flooring Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global Laminate Flooring Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2029).
… To be continued
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