Decorative Laminates Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- June 2032
- 0 pages
Decorative laminates are laminated products used as furniture surface materials or wall paneling. They are commonly used as an overlay over wooden furniture. Decorative laminates are an essential part of interior surfacing solution. Use of decorative laminates on wooden furniture surface provides a unique and stylish look to furniture in residential and non-residential buildings. Decorative laminates are used to laminate surfaces to protect them from wear and tear, scratches, and fire. They enhance the lifespan of surfaces and give them an attractive finish.
Key factors driving the decorative laminates market include upcoming cultural and fashion trends in interior designing, increase in demand from the flooring industry, cabinets, and rise in demand from the rebounding housing markets. Demand for decorative laminates is gaining momentum, led by the advancements in technology and growth of artistic innovations. Along with technological advances, production techniques have been improved in order to support new upcoming patterns and designs such as metal surfaces, and gloss and three dimensional surfaces.
Technical improvements have resulted in the development of next generation laminates with thin microscopic particles of aluminum oxide, which acts as a barrier or a protective layer that provides color/gloss retention and scratch resistance. Demand for laminates with wide range of styles, colors, designs and textures, which include wood, natural tile, ceramic, and metal has been increasing. This, in turn, is estimated expected to fuel the demand for decorative laminates. Constant innovations are expected to increase product diversification from conventional uses into new applications in the field of automobiles, electronics, and constructions, among others. High cost of high pressure decorative laminates acts as a restraint to market growth. This is expected to adversely affect the market growth in a few regions.
Based on manufacturing process, the decorative laminates market can be classified into high pressure decorative laminates (HPDL) and low pressure decorative laminates (LPDL). HPDL is composed of resin-impregnated kraft paper, decorative paper face material, and clear melamine-impregnated overlay. These sheets are bonded at different pressures and temperatures. LPDL is manufactured relatively at low pressures and temperatures. It is generally offered in panel form. It consists of decorative paper impregnated with melamine, resin which is bonded directly to the particleboard. LPDL paper is specifically engineered to be thermally fused onto a substrate. Therefore, it does not have the kraft paper core that distinguishes HPDL. Thus, impact resistance is lower. LPDL are low-cost, while HPDL is high-priced and more durable than LPDL.
Decorative laminates, due to their properties such as pleasing looks, water resistance, durability, microbe-resistant, and ease of maintenance, are used in a wide range of applications. Based on application, the market can be classified into flooring, furniture, cabinets, and wall panels.
In terms of geography, the decorative laminates market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America is anticipated to account for significant share of the market during the forecast period. Asia Pacific is estimated to be a rapidly growing region of the decorative laminates market, owing to the rise in demand for these laminates from residential and non-residential sectors. Increase in disposable income, economic growth, rise in standard of living, and growth in residential construction are some of the factors driving the market in Asia Pacific. Middle East & Africa is likely to be an attractive region of the decorative laminates market during the forecast period owing to the increase in the number of tourist hotels and growth in the construction industry in the region.
Key players operating in the global decorative laminates market include Kingboard Chemical Holdings Ltd, Roseburg Forest Products, Formica Group, and Wilsonart International.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Materials
MaterialsChinese Markets for Roofing Materials