Decorative Laminates Market SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast 2031

The decorative laminates market size was valued at $7.0 billion in 2021, and is estimated to reach $10.0 billion by 2031, growing at a CAGR of 3.4% from 2022 to 2031. The demand for furniture has increased in the past decade, owing to rise in number of homes. In addition, rise in work-from-home culture is contributing in its rising demand. Furthermore, as a result of rapid urbanization, the number of residential and non residential buildings is increasing in the urban areas.

The global DECORATIVE LAMINATES market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the current trends, drivers, opportunities, and even the restraining factors. The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of top ten major players in the industry. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the market.

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Over the years, we have been administering market intelligence studies across an array of industries for organizations of different types such as profit & not-for-profit organizations, big-scale & large-scale organizations, and many more. We look at numerous aspects of internal & external business environment disturbing the growth stratagems of business ventures.

Major Key Players of the Decorative Laminates Market are:
Abet Laminati S.p.A., Archidply, Broadview Holding, Fletcher Building, Greenlam Industries Limited, Merino Industries Limited, Panolam Industries International, Inc., Stylam Industries Ltd., Synthomer Plc., and Wilsonart LLC.

Global Decorative Laminates Market Segments:

• By Product Type
o High Pressure Laminates
o Low Pressure Laminates

• By Application
o Walls
o Flooring
o Furniture and Cabinets

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KEY FINDINGS OF THE STUDY
• The report provides an extensive analysis of the current and emerging decorative laminates market trends and dynamics.
• Depending on product type, the high-pressure laminates dominated the decorative laminates market share, in terms of revenue in 2021 and the same is projected to grow at a significant CAGR during the forecast period.
• By application, furniture segment registered highest revenue in 2021.
• On the basis of end-user industry, the residential segment garnered the highest revenue in 2021.
• LAMEA is projected to register highest growth rate in the coming years.
• The key players within the decorative laminates market forecast report are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the decorative laminates industry.

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Covid-19 impact analysis:
The Covid-19 pandemic significantly affected the Decorative laminates market. The restrictions imposed by several governments and strict guidelines issued by World Health Organization (WHO) temporarily suspended several manufacturing facilities. Furthermore, the prolonged lockdown across the globe led to disruption of the supply chain and increased the prices of raw materials.

The Decorative laminates market report includes an overview of the market, financial analysis of market players, SWOT analysis of the major organizations, portfolio analysis of services and products, and business overview. In addition, the report includes the latest market developments such as market expansion, product launches, joint ventures, and mergers & acquisitions to understand the long-term profitability of the market.

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