India Decorative Laminates Market Size, Growth, Top Companies and Industry Trends 2022-2027

According to IMARC Group's latest report, titled "India Decorative Laminates Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", the India decorative laminates market size reached US$ 1.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2027, exhibiting a CAGR of 6.13% during 2022-2027.

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Industry Overview and Application:

Decorative laminates are specially designed sheets that are utilized as furniture surface materials, flooring, and wall paneling. They are produced by blending brown kraft paper with decorative printed patterns under pressure and heat. They are durable, cost-effective, stain-, scratch-, and heat-resistant, and do not fade when exposed to the sunlight. Owing to these properties, decorative laminates are widely utilized in hotels, hospitals, shopping malls, airports, educational institutions, and commercial infrastructures across India.

India Decorative Laminates Market Trends:

The market is primarily driven by the rising expenditure on home décor products. This can be attributed to the inflating income levels and improving living standards of individuals in India. In addition, the emergence of ready-to-assemble (RTA) floorings, furniture, and cabinets have encouraged consumers to spend on modern home furnishing designs, representing another major growth-inducing factor. Besides this, the developing commercial infrastructure across the country has escalated the demand for decorative interior products in commercial spaces such as gymnasiums, convention centers, indoor sports clubs, malls, offices, and auditoriums. This, coupled with the implementation of favorable government initiatives to develop the residential sector, is also contributing to the market growth. For instance, the Government of India has launched the "Housing for All" scheme under which it has planned to provide houses for underprivileged people, which is escalating the demand for emulsion paints, thus, propelling the market growth.

Key Market Segmentation:

The report has segmented the India decorative laminates market on the basis of product type, application, end use, texture, pricing, sector and region.

Breakup by Product Type:

• High Pressure Laminates
• Low Pressure Laminates

Breakup by Application:

• Furniture and Cabinets
• Flooring
• Wall Panels
• Others

Breakup by End Use:

• Non-Residential
• Residential
• Transportation

Breakup by Texture:

• Matte/Suede
• Glossy

Breakup by Pricing:

• Mass
• Premium

Breakup by Sector:

• Organised
• Unorganised

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape With Key Players:

The competitive landscape of the India decorative laminates market has been studied in the report with the detailed profiles of the key players operating in the market.

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.