Decorative Laminates Market Major Companies, Strategies and New Trends Hits $10.0 billion by 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 nonresidential buildings is increasing in the urban areas. Moreover, decorative laminates are used as an overlay for the external and internal walls. In addition, high-pressure laminates are suitable for flooring purpose. For the furniture & cabinets, decorative laminate is used for providing it an attractive surface finish. Thus, rise in the number of buildings and surge in demand of furniture & cabinets positively influence the decorative laminates market growth.

Download Free Sample Report:
https://www.alliedmarketresearch.com/request-sample/2509

The growth of the global decorative laminates market is mainly driven by rise in building construction activities and increase in spending on home renovation projects by home owners and building developers. However, high procurement and application cost of decorative laminates has the potential to limit growth of the market.
Commonly observed product types of decorative laminates are high-pressure laminates and low-pressure laminates. Among these, the high-pressure laminates segment accounted for the highest market share in 2021, and the same is expected to witness significant growth during the forecast period, owing to increase in demand from commercial sector. The market is analyzed with respect to different applications depending on wall, flooring, and furniture & cabinets. On the basis of end user, the market is categorized into residential and commercial.

Buy this Research Report @ https://www.alliedmarketresearch.com/checkout-final/121a234d0964f2d3aaa33eacea582007

Top Players:
The key companies profiled in the decorative laminates market forecast report include 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.

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.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market.
• In-depth decorative laminates market analysis is conducted by constructing estimations for the key segments between 2021 and 2031.

Enquire before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/2509

Related Reports:

Flooring Market - https://www.alliedmarketresearch.com/flooring-market-A20224

Fiberglass Window Market - https://www.alliedmarketresearch.com/fiberglass-window-market-A17051

Ceramic Tiles Market - https://www.alliedmarketresearch.com/ceramic-tiles-market

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing

This release was published on openPR.