MARKET OVERVIEW
Decorative laminates are sheets or sheets of decorative material that are used to cover surfaces to enhance their aesthetic appeal. They are used in various applications, such as furniture, flooring, wall panels, and countertops, and are made by pressing layers of kraft paper and decorative paper together with resins under high pressure and temperature. Decorative laminates are present in a wide range of colors, patterns, and textures and are widely used in both residential and commercial applications. The decorative laminates market is anticipated to surge in the future due to the accentuating demand for aesthetically appealing and durable interior surfaces, as well as the increasing popularity of modular construction and interior design.
MARKET DYNAMICS
The decorative laminates market is anticipated to witness fast growth in the forecast period owing to rapidly growing construction industry driven by improved standards of living and rising per disposable income of the population. Furthermore, low installation and maintenance cost coupled with the improved performance and aesthetic value of the product propel the growth of the decorative laminates market. However, stiff competition from veneer market and brittle nature of the product are major restraint for the decorative laminates market. On the other hand, technological advancements with high pressure lamination production to improve performance characteristics of the product offer significant growth opportunities for the key players operating in the decorative laminates market during the forecast period.
MARKET SCOPE
The "Global Decorative Laminates Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of decorative laminates market with detailed market segmentation by raw material, type, application, end use, and geography. The global decorative laminates market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading decorative laminates market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global decorative laminates market is segmented based on raw material, type, application, and end-use sector. By raw material, the decorative laminates market is segmented as plastic resin, overlays, adhesives, and wood substrate. Based on type, the decorative laminates market is segmented as general purpose, post forming, special products, and backer. Based on the application, the decorative laminates market is segmented as cabinets, furniture, flooring, and others. The market based on the end use is classified as residential, non-residential, and transportation.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global decorative laminates market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The decorative laminates market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting decorative laminates market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the decorative laminates market in these regions.
MARKET PLAYERS
The reports cover key developments in the decorative laminates market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from decorative laminates market are anticipated to lucrative growth opportunities in the future with the rising demand for decorative laminates in the global market. Below mentioned is the list of few companies engaged in the decorative laminates market.
The report also includes the profiles of key decorative laminates companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Abet Laminati S.p.A.
- Archidply Industries
- FunderMax GmbH
- Greenlam Industries Limited
- Merino Laminates (Merino Group)
- OMNOVA Solutions Inc.
- Panolam Industries International, Inc.
- Roseburg Forest Products Co.
- Stylam Industries Ltd.
- Wilsonart LLC