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Decorative Laminates Market worth $10.95 billion by 2030, growing at a CAGR of 5.06% - Exclusive Report by 360iResearch

03-05-2024 07:19 AM CET | Consumer Goods & Retail

Press release from: 360iResearch

Decorative Laminates Market | 360iResearch

Decorative Laminates Market | 360iResearch

The "Decorative Laminates Market by Raw Material (Adhesives, Overlays, Plastic Resin), Type (High-Pressure Laminate (HPL), Low-Pressure Laminate (LPL)), Surface Finish Type, Application, End-use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Decorative Laminates Market to grow from USD 7.75 billion in 2023 to USD 10.95 billion by 2030, at a CAGR of 5.06%.

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Decorative laminates are composite materials constructed from layers of paper infused with resin, then bonded under heat and high pressure with a plastic surface layer that features diverse colors, textures, or patterns. The increased use of decorative laminates is due to their cost-effectiveness, durability, and versatility. Their resistance to scratches, moisture, and fading makes them a suitable choice for a variety of applications, especially in high-traffic areas. Furthermore, the wide array of available designs and finishes allow consumers to emulate more expensive materials and embrace current trends without substantial investment, catering to a consumer base seeking both quality and aesthetic appeal without a high cost. However, these laminates are susceptible to chipping and peeling over time, which can compromise their appearance and necessitate replacement. To address these issues, improvements in manufacturing processes have been made, such as better adhesive techniques and the development of high-pressure laminates that increase durability. Advancements in printing and digital technology have enabled customizable and high-definition designs of decorative laminates. There is also a growing trend towards eco-friendly and sustainable materials, pushing manufacturers to develop laminates using green practices and renewable resources.

The Americas observe a high demand for decorative laminates due to their widespread use in residential and commercial interiors, driven by a focus on renovation and remodeling activities. Production in this region is advanced, with manufacturers offering a diverse portfolio of products underpinned by robust R&D investments. The APAC region is characterized by a rapidly growing market, especially in countries such as China and India, where urbanization, a booming real estate sector, and rising income levels fuel the demand for decorative laminates. Production in APAC is notable for its large-scale operations, cost-effectiveness, and innovation, with companies focusing on exporting to both developed and developing nations. The EMEA region presents a mixed scenario where mature markets, including Europe, emphasize high-quality, eco-friendly, and sustainable production, aligning with stringent regulatory standards. Manufacturers in the region offer a breadth of aesthetic and functional options to meet the specific preferences of these diverse territories. Moreover, companies are also providing decorative laminates through online channels, which has enabled an accelerating provision of products for DIY activities.

Market Segmentation & Coverage:

This research report categorizes the Decorative Laminates Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Raw Material, market is studied across Adhesives, Overlays, Plastic Resin, and Wood Substrate. The Plastic Resin is projected to witness significant market share during forecast period.

Based on Type, market is studied across High-Pressure Laminate (HPL) and Low-Pressure Laminate (LPL). The High-Pressure Laminate (HPL) is further studied across Compact HPL and Thin HPL. The High-Pressure Laminate (HPL) is projected to witness significant market share during forecast period.

Based on Surface Finish Type, market is studied across Abstract, Metal, Solid, and Wood. The Abstract is projected to witness significant market share during forecast period.

Based on Application, market is studied across Countertops & Cabinets, Flooring, Furniture, and Wall Panels. The Flooring is projected to witness significant market share during forecast period.

Based on End-use, market is studied across Commercial and Residential. The Residential is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.83% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Decorative Laminates Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Decorative Laminates Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Decorative Laminates Market, highlighting leading vendors and their innovative profiles. These include Abet Laminati S.p.A., AICA Laminates India Pvt. Ltd., Airolam Limited, Archidply, Arclin, Inc., Bell Laminates, Formica Group, Funder America, Inc. by Genesis Products, Inc., Fundermax GmbH, Greenlam Industries Limited, Ideal Laminates, Illinois Tool Works Inc., Kronospan, Lamitech, Merino Laminates Ltd., Panolam Industries International, Inc., PERTECH DO BRASIL, Pfleiderer Deutschland GmbH, Quanex Building Products, Ristal Industries Pvt. Ltd., Roseburg Forest Products Co., Star Laminates, Steelcase Inc., Stylam Industries Limited, SURTECO GmbH, Tarkett S.A., and Timber Products Company.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Decorative Laminates Market, by Raw Material
7. Decorative Laminates Market, by Type
8. Decorative Laminates Market, by Surface Finish Type
9. Decorative Laminates Market, by Application
10. Decorative Laminates Market, by End-use
11. Americas Decorative Laminates Market
12. Asia-Pacific Decorative Laminates Market
13. Europe, Middle East & Africa Decorative Laminates Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Decorative Laminates Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Decorative Laminates Market?
3. What is the competitive strategic window for opportunities in the Decorative Laminates Market?
4. What are the technology trends and regulatory frameworks in the Decorative Laminates Market?
5. What is the market share of the leading vendors in the Decorative Laminates Market?
6. What modes and strategic moves are considered suitable for entering the Decorative Laminates Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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