The North America laminate flooring market reached a volume of 120 Million Sq. Meters in 2019. Laminated floor refers to a type of synthetic floor covering designed to have stone or wood-like appearance. It is made up of fiberboard particles combined with aluminum oxide and resins. Laminate flooring is economical, highly resistant to dust and damage, versatile, durable, eco-friendly and is easy to install. Accounting to this, it is employed in the construction activities for industrial, residential and commercial buildings.
North America represents one of the largest markets for laminated flooring owing to emerging renovation activities in the region. In addition to this, several initiatives are taking place for the revival and restoration of different educational and public buildings, thus boosting the sales of laminated flooring. Rising environmental concerns towards the usage of timber and new technological innovations will continue to spur the demand in the upcoming years. Looking forward, IMARC Group expects the market to reach a volume of nearly 146 Million Sq. Meters by 2025, registering a CAGR of 3.3% during 2020-2025.
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Report Customization: Although IMARC has tried to cover everything in the North America laminate flooring market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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