Global Decorative Laminates Market to Reach USD 63.7 Billion by 2033, Impelled by Rising Infrastructural Development Projects

November 19, 2024 | Chemical & Materials

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According to the latest report by IMARC Group, titled "Decorative Laminates Market Report by Product Type (High Pressure Laminates, Low Pressure Laminates), Application (Furniture and Cabinets, Flooring, Wall Panels, and Others), End-Use (Non-Residential, Residential, Transportation), Texture (Matte/Suede, Glossy), Pricing (Premium, Mass), Sector (Organised, Unorganised), and Region 2025-2033," the global decorative laminates market reached a value of USD 47.7 Billion in 2024. Decorative laminates are generally manufactured using thin layers of plastic resins or flat papers. They usually consist of three layers, wherein the first layer is coated with phenolic resin, the second layer of paper is decorated with desired patterns and the third layer comprises a transparent sheet. As a result, they are extensively used for wall paneling, furniture surface and flooring purposes. Along with this, they are also utilized as a preferred alternative for paint and veneer since they are durable and convenient to use with a longer shelf-life while enhancing the overall aesthetics of a given space in a cost-efficient manner.

Global Decorative Laminates Market Trends:

The global market is primarily driven by significant growth in the construction industry. This is supported by rising investments by private and public firms in infrastructural development and remodeling projects across the globe. Along with this, shifting lifestyle preferences, coupled with the inflating disposable income levels of the masses, are creating a positive outlook for the market. In line with this, the increasing inclination for aesthetic home décors among individuals is also driving the market growth. Moreover, leading players are heavily investing in the manufacturing of antibacterial laminate variants using melamine resin formulation, which is gaining widespread prominence among end users. Additionally, continuous improvements in the e-commerce sector are providing an impetus to the market growth. Other factors, including rapid urbanization and the escalating demand for ready-to-assemble (RTA) and designer laminated sheets, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of USD 63.7 Billion by 2033, expanding at a CAGR of 3.3% during 2025-2033.

Market Summary:

On the basis of the product type, the market has been bifurcated into high-pressure and low-pressure laminates.
Based on the application, the market has been segmented into furniture and cabinets, flooring, wall panels and others.
On the basis of the end-use, the market has been classified into non-residential, residential and transportation.
Based on the texture, the market has been categorized into matte/suede and glossy.
On the basis of the pricing, the market has been segregated into premium and mass.
Based on the sector, the market has been bifurcated into organized and unorganized.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru and others) and the Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates and others).
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players include Abet Laminati S.p.A, AICA Laminates India Pvt. Ltd., Airolam decorative laminates, Archidply Industries Ltd, Century Plyboards (I) Limited, Formica Corporation, FunderMax Gmbh, Greenlam Industries Limited, Merino Industries Limited, OMNOVA North America Inc. (SURTECO GmbH), Stylam Industries Limited, Wilsonart LLC, etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Type, Application, End-Use, Texture, Pricing, Sector, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies Covered	Abet Laminati S.p.A, AICA Laminates India Pvt. Ltd., Airolam decorative laminates, Archidply Industries Ltd, Century Plyboards (I) Limited, Formica Corporation, FunderMax Gmbh, Greenlam Industries Limited, Merino Industries Limited, OMNOVA North America Inc. (SURTECO GmbH), Stylam Industries Limited, Wilsonart LLC, etc.
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Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Decorative Laminates Market to Reach USD 63.7 Billion by 2033, Impelled by Rising Infrastructural Development Projects

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