Decorative Laminates Market

According to the latest report by IMARC Group, titled "Decorative Laminates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global decorative laminates market reached a value of US$ 41.7 Billion in 2021. 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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 US$ 54.3 Billion by 2027, expanding at a CAGR of 4.39% during 2022-2027.

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, Archidply, Century Laminates, Fletcher Building, FunderMax Gmbh, Greenlam Industries Limited, Merino Laminates Ltd., Omnova Solutions Inc., Panolam Industries International, Inc., Stylam Pvt. Ltd. and Wilsonart LLC.

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