Decorative Laminates Market Outlook
Decorative laminates are furnishing materials that are applied on furniture surfaces, wall paneling, and static and other moveable building components, including flooring, doors, and windows, to improve the visual appeal. They are manufactured by drenching the layers of high-quality kraft paper under high heat and pressure with phenolic resins to make them moisture resistant.
The global decorative laminates market 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.
As compared to veneer, decorative laminates are pocket-friendly, and they are available in diverse high-gloss or soft matte finishes. Apart from this, they are abrasion and impact resistant and require little to no maintenance, due to which decorative laminates are used on walls, cabinets, doors, and windows.
Decorative Laminates Market Trends:
The ongoing establishment of various residential and commercial infrastructures and the increasing need for aesthetically appealing furniture and cabinets are facilitating the widespread incorporation of decorative laminates, which is primarily driving the market growth. Furthermore, high living standards amongst nuclear families and escalating demand for ready-to-assemble (RTA) furniture, cabinets, and flooring are favoring the market growth.
Additionally, the rising demand for decorative laminates in commercial infrastructures, including hotels, hospitals, gymnasiums, convention centers, indoor sports clubs, auditoriums, shopping malls, and airports, is impelling the market growth. Moreover, the advent of advanced high-pressure decorative laminates with scratch and chemical resistance, anti-microbial and anti-fingerprint properties and ongoing engineering of eco-friendly product variants are propelling the market growth.
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
Based On Application:
- Furniture and Cabinets
- Flooring
- Wall Panels
- Others
Breakup by End-Use:
- Non-Residential
- Residential
- Transportation
Based On Texture
- Matte/Suede
- Glossy
Breakup by Pricing
- Premium
- Mass
Breakup by Sector
- Organised
- Unorganised
Regional Analysis:
- 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)
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
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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