Automotive Films Market to gain significant revenue by 2025 | Key players are FunderMax, Formica, Kingboard Holdings, Kronospan Holdings, Ronotex, Armstrong World Industries, Advanced Technology
Europe is expected to witness significant growth owing to large presence of laminate flooring and furniture manufacturers. The UK government is estimated to invest around USD 80 billion for infrastructure development in the near future which is likely to propel regional decorative laminates market size.
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Applications can be bifurcated into cabinets, furniture, flooring, and wall panels. Furniture and cabinets was the largest segment, accounted for more than 65% of the global decorative laminates market share. Expansion in the real estate industry accompanied by increasing trend for ready to assemble furniture in homes and offices are among the key factors to drive decorative laminates demand.
Industries including hotels, hospitals, offices, shopping malls, airports and colleges are likely to fuel demand for flooring and wall panels owing to presence of variety of designs, textures and colors. Flooring and ready to assemble furniture production was dominated by China, due to expansion in manufacturing capacity and raw material availability.
Reasons to Buy This Report:
1. Decorative laminates market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Decorative laminates market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Increase in decorative interior demand from convention centers, gyms, and indoor sports clubs are likely to create room for new opportunities. Rising trend for better lifestyle and increasing interest in home interior and remodeling are anticipated to be among the key driving factors to drive demand.
Presence of numerous companies accompanied by increase in low priced substitute products is anticipated to adversely affect the decorative laminate market price trend.
Decorative laminates market share is fragmented, key players include FunderMax, Formica, Kingboard Holdings, Kronospan Holdings, Ronotex, Armstrong World Industries, Advanced Technology, Roseburg Forest Products, SierraPine, Sekisui Chemical, Tarkett SA, Timber Products, Woodcraft Industries, Wilsonart International, and Omnova Solutions.
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