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Global High Pressure Laminate Market Key Trends,Size Analysis | Top Players: Formica Group, Wilsonart Engineered Surfaces, Sonae Industria, Polyrey.
Global High Pressure Laminate Market
High pressure laminate (HPL) is a type of decorative laminate manufactured by impregnating Kraft paper with melamine resin under high pressure. These sheets are attached to substrates such as particle boards or medium density fiberboard. The pressure range most commonly used for manufacturing (HPL) is between 1,200 and 2,000 pounds per square inch. The resulting laminate is covered with a decorative paper layer. High pressure laminates can be used in both horizontal and vertical applications.
High-pressure laminates have several advantages, such as durability, versatility, scratch resistance and ease of maintenance. Due to the durability and supreme qualities of high-pressure laminates, they are used in a wide range of applications, such as residential, commercial and industrial sectors.
Global High Pressure Laminate Market Drivers and Restraints:
It is expected that the demand for high pressure laminates will increase at a constant rate during the forecast period. It is estimated that demand will increase mainly due to the increased use of cabinets and ready-to-assemble furniture and floor coverings.
In the interior design industry, HPL is prized for its design, color, finish and texture. The designer can optimize the high-pressure laminates according to the requirements, which helps to add an aesthetic sense to the interiors. The social, economic and conceptual trends around the world are the main factors that drive the demand for HPL in recent years.
Manufacturers of high-pressure laminates can develop new products by innovating or carrying out the required research and development activities. The production of environmentally friendly products should create opportunities for manufacturers, which should provide manufacturers with growth opportunities to increase their customer base in the market.
Browse details of research report developed on Global High Pressure Laminate Market @ https://www.researchcosmos.com/reports/global-high-pressure-laminate-market-survey-and-trends-research-industry-analysis-and-future-forec/5660506
Global High Pressure Laminate Market Geographic Segmentation:
Asia-Pacific was an important market for high-pressure laminates in 2016. Among the countries in the Asia-Pacific region, demand was considerably high in developing countries such as China and India. These countries have experienced rapid population growth and the expansion of their economy in general, which has led to an increase in disposable income. The increased spending on interior decoration is also fueling the high-pressure laminate market in Asia-Pacific.
There are several manufacturers of high-pressure laminates in Europe and North America. In North America, the demand for high pressure laminates is mainly due to the residential sector. The improvement of the standard of living and the increasing use of high-pressure laminates for soils should stimulate the North American market.
In Europe, the demand for high pressure laminate is expected to come mainly from the commercial sector. High pressure laminates are widely used for flooring in commercial complexes, which is considered an important factor that could propel the continuous expansion of the market in the region.
The demand for high pressure laminates in the Middle East and Africa is expected to be mainly due to their use in the construction industry. In recent years, the construction sector in the United Arab Emirates and Egypt has experienced exceptional growth, which has driven the market in the Middle East and Africa.
Key players of Global High Pressure Laminate Market are: Formica Group, Wilsonart Engineered Surfaces, Sonae Industria, Polyrey, and Panel Processing.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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