Decorative Laminates Market Key Factor, Type, Application, End Use, Texture and Regional Insight By 2027
According to IMARC Group’s latest report, titled “Decorative Laminates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global decorative laminates market size reached a value of US$ 41.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.3 Billion by 2027, exhibiting at a CAGR of 4.39% during 2022-2027.
Decorative laminates are durable, scratch-resistant, and visually appealing materials made by layering paper or fabric with a melamine resin and bonding it to a substrate. They are widely used in furniture, wall panels, and flooring. Decorative laminates offer various advantages, such as being environmentally friendly, cost-effective, easy to install, and having a longer lifespan. They are also easy to maintain and clean, making them ideal for high-traffic areas. In addition to this, decorative laminates are more affordable and versatile for interior designs than other materials, such as wood or stone, as they can replicate the look of natural materials while providing superior durability. Currently, they are available in high-pressure laminates (HPL) and low-pressure laminates (LPL) variants.
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Decorative Laminates Market Trends:
The decorative laminates market is witnessing substantial growth, owing to evolving consumer living standards and the increasing per capita expenditure on home decor. This is further supported by the growing inclination towards aesthetically appealing designs in home interiors and corporate office spaces. Furthermore, the surging demand for ready-to-assemble (RTA) flooring, furniture, and cabinets and the availability of the laminate in various designs, colors, and textures are fueling the market growth. Besides this, the escalating product demand in gymnasiums, convention centers, indoor sports clubs, and auditoriums and rising refurbishment and remodeling activities in residential and commercial sectors are creating a positive outlook for the market in the country.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined with some of the key players.
- Abet Laminati S.p.A
- Archidply
- Century Laminates
- Fletcher Building
- FunderMax Gmbh
- Greenlam Industries Limited
- Merino Laminates Ltd.
- Omnova Solutions Inc.
- Panolam Industries International
- Stylam Pvt. Ltd.
- Wilsonart LLC.
Key Market Segmentation:
The report has categorized the market based on product type, application, end-use, texture, pricing and sector.
Breakup by Product Type:
- High Pressure Laminates
- Low Pressure Laminates
Breakup by Application:
- Furniture and Cabinets
- Flooring
- Wall Panels
- Others
Breakup by End-Use:
- Non-Residential
- Residential
- Transportation
Breakup by Texture
- Matte/Suede
- Glossy
Breakup by Pricing
- Premium
- Mass
Breakup by Sector
- Organised
- Unorganised
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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