Decorative Laminates Market To Register Impressive Growth to Reach $10.0 Billion by 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.

According to a new report published by Allied Market Research, titled, 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.

Download Updated 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.
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.

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/629c9e8a985ebeb48ece5e8383aee961

In 2021, Asia-Pacific dominated the global decorative laminates market, in terms of revenue, followed by Europe and Asia-Pacific. Moreover, the market in Asia-Pacific has grown with high CAGR of 3.7%, owing to growth in development of single-family homes.

Furthermore, decorative laminates manufacturers are adopting various development strategies. For instance, in September 2020 Abet Laminati S.p.A. opened a showroom in Cuneo, Italy, it is named as Abet World.

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.

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

Contact Us:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

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.

This release was published on openPR.