India Decorative Laminates Market Size, Share and Competitive Analysis 2023-2028

IMARC Group has recently released a new research study titled "India Decorative Laminates Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

The India decorative laminates market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

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What are the growth prospects and trends in the industry?

Significant advancement in digital printing technology is enabling manufacturers to offer a wider range of design and texture options which represents one of the key factors driving the growth of the decorative laminates market across India. This, coupled with customization options is also attracting consumers which is acting as a major growth-inducing factor. In line with this, rapid urbanization and the increasing trend of nuclear families are contributing to a rise in demand for residential spaces. This, in turn, is stimulating the demand for decorative laminates, which are extensively used in residential interiors for aesthetic appeal and longevity.

The market is also driven by the booming real estate sector, coupled with the growing infrastructure development across commercial, residential, and industrial sectors. Public infrastructure projects and the expansion of the hospitality and retail sectors also play a crucial role. Other factors, including the rising disposable income, and the growing awareness about sustainable and eco-friendly products, are creating a positive outlook for the market across the country.

Key Market Segmentation:

The report has segmented the India decorative laminates market based on 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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Industry Definition and Application:

Decorative laminate is a durable, versatile, and affordable surfacing material that is widely used in both residential and commercial applications. It is typically composed of several layers of paper that are impregnated with resin and then bonded under high pressure and heat. The top layer of a decorative laminate, known as the overlay, usually features a printed design that can mimic a wide variety of materials, such as wood, stone, or metal. This feature allows for great flexibility in design and aesthetics, thus making decorative laminates a popular choice in interior design and architecture. Due to its high resistance to wear, impact, heat, and staining, decorative laminate is often used for countertops, cabinets, flooring, wall panels, furniture, and more. It is also easy to clean and maintain, adding to its practical appeal.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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This release was published on openPR.