Global Decorative Laminates Market, By Raw Material (Plastic Resin, Overlays, Adhesives, Wood Substrate), Type (General Purpose, Postforming, Special Products, Backer), Application (Cabinets, Furniture, Flooring, Wall Panels, Tabletops, Countertops), End-Users (Residential, Non- Residential, Transportation), Product Type (Low Pressure Laminates, Paper, Films and Foils, High Pressure Laminates, Edge Banding), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Decorative Laminates Market
The decorative laminates market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 5.61% in the above-mentioned forecast period.
Decorative laminates are basically the laminated items which are majorly utilized as surface materials for furniture or wall panels. They are mainly made of raw material such as overlays, adhesives, plastic resin, and wood substrate. These decorative laminates are widely used in application such as furniture, flooring wall, tabletops, and other.
The factors such as growth in the construction industry and improved functionality at lower cost and rising number of automobiles are the root cause fueling up the market growth rate. The factors expected to cushion the growth of the decorative laminates market in the forecast period are the improvement in the standard of living of the people and its requirement of less maintenance and installation cost which will further carve the way for the growth of market. Moreover, the increasing disposable income has encouraged people to spend money on home furniture’s and decors along with the growing popularity of decorative interiors from gyms, sports clubs and convention centers coupled with rise in interest in home interior and remodeling are further expected to cushion the overall markets growth. On the other hand, the factors such as volatility in the cost of the raw materials and high cost of the pressure decorative laminates are expected to impede the growth of the decorative laminates market.
The increase in demand for decorative interiors in convention centers, gymnasiums, and indoor sports clubs are estimated to generate numerous opportunities for the market. On the flip side, the regulations over the usage of melamine and phenolic resins is projected to pose as a major challenge to the growth of the decorative laminates market.
This decorative laminates market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on decorative laminates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Decorative Laminates Market Scope and Market Size
The decorative laminates market is segmented on the basis of raw material, type, application, end- users and product type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of raw material, the decorative laminates market is segmented into plastic resin, overlays, adhesives and wood substrate. Plastic resin is further divided into phenolic resin and melamine resin. Overlays segment of the decorative laminates market is segmented into saturating kraft paper, decorative paper, and vinyl film. Wood substrate segment is divided into particleboard, medium density board, and hardboard.
- Decorative laminates market is segmented into general purpose, postforming, special products, and backer on the basis of type.
- Application segment of the decorative laminates market is segmented into cabinets, furniture, flooring, wall panels, tabletops and countertops.
- Decorative laminates market is also segmented on the basis of end-users. The end- users segment is divided into residential, non- residential and transportation.
- On the basis of product type, the decorative laminates market is segmented into low pressure laminates, paper, films and foils, high pressure laminates and edge banding.
Decorative Laminates Market Country Level Analysis
The decorative laminates market is analyzed and market size, volume information is provided by raw material, type, application, end-users and product type as referenced above.
The countries covered in the decorative laminates market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the decorative laminates market owing to the growing residential sector and rising disposable income within the region. North America on the other hand, will continue to however show lucrative growth within the forecast period owing to the increasing disposable income and rapid urbanization.
The country section of the decorative laminates market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Decorative Laminates Market Share Analysis
The decorative laminates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to decorative laminates market.
Some of the major players operating in the decorative laminates market report are Fletcher Building, OMNOVA Solutions Inc., Greenlam Industries Ltd., Merino Laminates Ltd., Wilsonart LLC., Archidply, FunderMax, Stylam, Heritage Laminate Surfaces., Timber Products Company, Tarkett, SEKISUI CHEMICAL CO., LTD., Cedar Decor Pvt Ltd., The Diller Corporation., Kronoplus Limited, ATI Decorative Laminates, Royal Crown., Northern Laminates Private Limited (P). Ltd., Virgo Group, and AICA Laminates India Pvt. Ltd, among others.