IMARC Group, a leading market research company, has recently releases report titled “Decorative Laminates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global decorative laminates market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Decorative Laminates Market?
The global decorative laminates market size reached US$ 43.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
What are Decorative Laminates?
Decorative laminates serve as a versatile and aesthetically pleasing surfacing material used primarily in interior decoration and furniture design. Fundamental to the concept of decorative laminates is the idea of enhancing visual appeal while also offering functional benefits like durability and ease of maintenance. Essential features of decorative laminates include resistance to wear, tear, and moisture, as well as the availability in various textures, colors, and designs. The material underscores the importance of aesthetics along with utility, often emulating the appearance of natural wood, stone, or other textures, thereby offering cost-effective alternatives without compromising on quality. Components of a decorative laminate framework may include layers of kraft paper, a decorative printed pattern, and a protective overlay, all fused together using high-pressure or low-pressure processes. The market also sees a range of innovations, from anti-bacterial surfaces to eco-friendly materials, emphasizing the scope and adaptability of decorative laminates.
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What Are the Growth Prospects and Trends in the Decorative Laminates Market?
The rising demand for aesthetically appealing yet functional materials in residential and commercial spaces is primarily driving the growth of the decorative laminates market. Moreover, the emergence of innovative manufacturing technologies and the growing awareness about sustainable solutions are acting as significant growth-inducing factors. In addition to this, the increasing interest in home renovations, office space modernization, and retail space optimization is accentuating the need for high-quality decorative laminates, thereby catalyzing the demand for the market.
Besides this, the recognition of the constraints and drawbacks of traditional surfacing materials, such as natural wood, which may be expensive and less durable, has led to an upswing in demand for more versatile and sustainable options. Coupled with this, the incorporation of innovative features like scratch resistance, digital printing, and customizable patterns is supporting the market growth. Furthermore, initiatives from various stakeholders to promote eco-friendly and recyclable laminates are crafting a positive market outlook globally.
Who Are the Key Players Operating in the Decorative Laminates Industry?
The competitive landscape of the industry has also been examined with some of the key players.
- Abet Laminati S.p.A
- Archidply
- Century Laminates
- Fletcher Building
- FunderMax Gmbh
- Greenlam Industries Limited
- Merino Laminates Ltd.
- Omnova Solutions Inc.
- Panolam Industries International
- Stylam Pvt. Ltd.
- Wilsonart LLC.
What is Included in Market Segmentation?
The report has categorized the market based on product type, application, end-use, texture, pricing and sector.
Breakup by Product Type:
- High Pressure Laminates
- Low Pressure Laminates
Breakup by Application:
- Furniture and Cabinets
- Flooring
- Wall Panels
- Others
Breakup by End-Use:
- Non-Residential
- Residential
- Transportation
Breakup by Texture
- Matte/Suede
- Glossy
Breakup by Pricing
- Premium
- Mass
Breakup by Sector
- Organised
- Unorganised
Regional Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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