Decorative Laminates Market to phenomenally drive the global landscape over 2025

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.

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Decorative laminates market size is estimated to surpass 12 billion square meters by 2023, growing at more than 5.5% CAGR from 2016 to 2023.

Asia Pacific decorative laminates market size was the largest, and accounted for over 46% of the global revenue in 2015. China was the major producer of ready to assemble and laminated flooring, with more than 30% of the total demand in the same year. Increase in purchasing power coupled with growth in residential and non residential construction spending in Indonesia and India are likely to boost regional demand.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o FunderMax
o Formica
o Kingboard Holdings
o Kronospan Holdings
o Ronotex
o Armstrong World Industries
o Advanced Technology
o Roseburg Forest Products
o SierraPine
o Sekisui Chemical
o Tarkett SA
o Timber Products
o Woodcraft Industries
o Wilsonart International
o Omnova Solutions

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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.

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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.

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