openPR Logo
Press release

Decorative Laminates Market Explores New Growth Opportunities by 2020

Decorative Laminates Market Explores New Growth Opportunities

Asia-Pacific represents the largest and fastest growing market for decorative laminates, followed by North America and Europe. Increasing disposable income, constant economic growth, rising standards of living and increased demand for housing in urban areas are some of the key growth drivers in the APAC region. Increasing disposable income allow the customer to spend more on furniture, home accessories and furnishings among which decorative laminates play key role. According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India medium household income increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013. Additionally, wide range of colors, designs, textures and styles led to increase consumer interest and is expected to provide ample growth opportunities for decorative laminates market.

Decorative laminates are laminated product generally used as furniture surface materials or wall paneling and it protect them from scratching, wear and tear and fire risk. Decorative laminates usually increase the life span of surfaces and give them an attractive finish. Low maintenance and low installation cost associated with decorative laminates gives an edge over wood flooring and act as a driving factor for decorative laminates market. In addition, decorative laminates are available in wide range of colors, designs and textures are other major factors driving the value of decorative laminates. Decorative laminates are basically of three types: high-pressure laminates, low-pressure laminates and edgebanding. High-pressure laminates are high-priced and more durable, whereas low-pressure laminates are low-cost. Edgebanding is generally used to smooth the exposed edges of surfaces include MDF and plywood. The basic raw materials required for manufacturing of decorative laminates include kraft paper, tissue paper, base paper, melamine, methanol, phenol and formaldehyde.

On the basis of product decorative laminates are classified as high-pressure laminates, low-pressure laminates and edgebanding. Based on the end-user the market of decorative laminates is divided in five broad segments: cabinets, furniture, floorings, store fixtures and others.

The market of decorative laminates is expected to witness a significant growth in the coming years. Some of the major drivers contributing the overall market growth of decorative laminates include increased residential construction, growing consumer interest in home remodeling and rising demand for upgrades in non-residential market. Governments and private sectors across the globe are investing in better infrastructure facilities. Construction of residential and non-residential buildings leads to the demand for decorative laminates market. For infrastructure development, the U.K government’s public sector investment is expected to rise by USD 4.9 billion to about USD 77.7 billion in 2013-14 over 2012-13. It is further expected to increase to about USD 83.0 billion in 2014-15.

Request to view table of content @ http://www.persistencemarketresearch.com/toc/3502

The major companies operating in the decorative laminates market include Formica Group, FunderMax, Kingboard Laminates Holdings Limited, ronotex GmbH & Co., Kronospan Holdings Limited, Advanced Technology Inc., Armstrong World Industries Inc., Roseburg Forest Products Company, Sekisui Chemical Company Limited, SierraPine Limited, Tarkett SA, Timber Products Company, Woodcraft Industries Incorporated, OMNOVA Solutions Inc and Wilsonart International

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3502

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Decorative Laminates Market Explores New Growth Opportunities by 2020 here

News-ID: 406283 • Views: 321

More Releases from Persistence Market Research

The Castleman Disease Treatment market to exhilarate from 2017 to 2025
Castleman disease is a rare condition of lymph nodes and similar tissues. This condition occurs when too many non-cancer cells started to grow in the lymph node. After initial growth hard growth started to form. Usually, it occurs in the chest, abdomen or neck. This condition is also called as angiofollicular lymph node hyperplasia. There are no known risk factors for castleman disease, but it usually occur in adults with
The Infantile And Juvenile Onset Hypophosphatasia Treatment market to invigorate …
The Hypophosphatasia (HPP) is a rare genetic disease caused by mutations in the ALPL gene. It is a metabolic disorder that effects multiple body systems and leads to life-threatening complications. This disease leads to abnormal development of the bones due to defective bone mineralization and can lead to rickets, tempering of the bones that result in different types of bone abnormalities. The sign and symptoms include soft bones, hypercalcemia, short
The C Reactive Protein Test market to witness explicit growth from 2017 and 2025
C-reactive protein test is used to test the level of C-reactive protein (CRP) concentration in the blood. C-reactive protein test is adopted to check for infections or any other medical conditions, and increases in cases of inflammation. C-reactive protein test is conducted in order to evaluate the chances of developing cardiovascular diseases such as coronary artery diseases, which further can lead to severe heart attack. It is believed that increased
The Adventitious Agent Testing market to be in conjunction to growth from 2017 t …
Adventitious agents are microorganisms that have unintentionally introduced into the manufacturing of biological products. They mainly include fungi, mycoplasmas, rickettsia, protozoa, bacteria, parasites, and viruses. Adventitious agents testing is a process of detection by a combination of methods at various stages of biologics production. Adventitious agents are a major concern while using mammalian cell lines for the production of biologics. They are two types of testing methods namely Specific and

All 5 Releases


More Releases for USD

$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites applications for companies, teams or venture capitalists for a $100,000,000 USD job contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com. There
Agriculture Robots worth USD 3.5 billion market
According to Goldstein Research, the rising demand for agriculture robots is being driven by a numerous factors including global population growth, increasing strain on the food supply and decreasing availability of farm workers in developed countries. Global agriculture robots market segmentation includes products types such as driverless tractors, milking robots, potato sorting system, unmanned aerial vehicles and other. The market for agricultural robots is emerging at a rapid pace, with
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size
Albumin Market USD 300 Million by 2020
According to a market research report Albumin Market 2013-2020, published by iHealthcareAnalyst, Inc., the global albumin market is estimated to reach USD 300 Million in 2020, expanding at a CAGR of 2.4% from 2016 to 2020. Visit the Albumin Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/albumin-market/ The global albumin market segmentation is based on type (human serum albumin, bovine serum albumin, recombinant albumin), and its applications (drug formulation and drug delivery, vaccines, components
Nanomedicine Market USD 170 Billion by 2020
The global nanomedicine market is estimated to reach USD 170 Billion in 2020, growing at a CAGR of 8.9% from 2016 to 2020, according to a market research report Nanomedicine Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Nanomedicine Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/nanomedicine-market/ Nanomedicine is the medical application of nanotechnology that ranges from the medical applications of nanomaterials and biological devices, to nanoelectronic biosensors, and even possible future applications of