Press release
North America Laminate Flooring Market to Reach 161.0 Million Sq. Meters by 2028
North America Laminate Flooring Market
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North America Laminate Flooring Market Outlook:
Laminate flooring refers to multi-layer synthetic flooring products with wear, design, core, and back layers that are glued together using the lamination process. It comprises a multi-layer, which includes wear, design, core, and back layer, wherein the top layer of the laminate flooring utilizes melamine and aluminum oxide that provides the laminate board moisture resistance and a scratch-free surface. It is also versatile in design, with a wide range of colors and styles available to match any décor. It is a popular choice for homeowners as it is easy to install and maintain, as well as more cost-efficient than traditional hardwood or stone flooring. Additionally, it is resistant to scratches and dents than real wood flooring, making it a practical choice for high-traffic areas in the home.
North America Laminate Flooring Market Drivers:
The North America market is primarily driven by the expanding construction industry. With the inflating disposable income levels of consumers and growing preference to enhance the look and appeal of interiors are contributing to the market. Apart from this, several major companies are heavily investing in developing advanced design solutions, providing a boost to the demand. Wide utilization of laminate flooring in commercial spaces, such as offices, retail stores, and restaurants, due to its durability and low maintenance requirements, is creating a positive market outlook. Furthermore, continual advancements in technology have led to improvements in the quality and performance of laminate floorings, including enhanced durability and water resistance is impacting the market favorably. Other factors, such as the emerging e-commerce sector, rising renovation and remodeling activities, and rapid urbanization, are also influencing the market across North America.
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Key Market Segmentation:
Market by Type:
• HDF Laminates
• MDF Laminates
Market by Sector:
• Residential
• Commercial
Competitive Landscape:
• Competitive Structure
• Key Player Profiles
Key Regions Analysed:
• United States
• Canada
• Mexico
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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