Press release
Decorative High-pressure Laminate (HPL) Market to Exceed USD X Billion by 2031, Driven by Demand in Interior Design and Furniture
Decorative High-pressure Laminate (HPL) MarketThe global market for Decorative High-pressure Laminate (HPL) was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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Decorative laminates are laminated products primarily used as furniture surface materials or wall paneling. It can be manufactured as either high- or low-pressure laminate, with the two processes not much different from each other except for the pressure applied in the pressing process.
Decorative High-pressure Laminates (HPL) is composed of resin-impregnated Kraft paper, decorative paper face material and a clear melamine-impregnated overlay. These sheets are bonded at pressures greater than 1000 pounds per square inch and temperatures approaching 300 F (149°C). HPL is available in hundreds of solid colors, wood grains and abstracts with multiple finishes to select from as well.
In Asia-Pacific market, for the major players of Decorative High-pressure Laminates (HPL), Fletcher Building maintained its first place in the ranking. Followed by Wilsonart, Greenlam, Merino and Hopewell. The Top 5 players accounted for 30% of the Asia-Pacific Decorative High-pressure Laminates (HPL) revenue market share.
By Type
• Horizontal
• Vertical
By Application
• Commercial
• Residences
Key Companies
Fletcher Building, Wilsonart, Greenlam, Merino, Hopewell, Royal Crown Laminates, Zhenghang, Stylam, OMNOVA Solutions, Guangzhou G&P, ASD, Kronospan, Abet Laminati, AOGAO, EGGER
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