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Paper Based Laminates Market to See Incredible Growth by 2024
Paper Based Laminates Market
Paper based laminates are made by stacking many layers of paper together and sticking them with the help of resins. They are bonded with the help of heat and pressure so that a thermoset composite is obtained. Paper based laminates provide low moisture absorption, easy machining with a good finish, excellent electric insulating property, high insulation resistance, and better mechanical strength. The paper based laminates are functional, sustainable, and are suitable for the surfacing options that have light duty applications.
Global Paper Based Laminates Market: Segmentation
The global market for the paper based laminates is fragmented into its application, grade, finish, end users, pressure, and the paper type. Based on the application, the market is segregated widely into commercial application and domestic application. The further segmentation of the commercial application includes electrical, electronic components, automotive, electric switchgear, lighting, LV transformers, MV transformers, and general engineering. The domestic application is sub-segregated into doors and cabinets, kitchen cabinet, wall panel, counter top, partition, and table top. Based on the pressure, the market is segmented into high-pressure laminates and low-pressure laminates. Based on the paper type, the market is fragmented into absorbent kraft, decor paper, laminating kraft, and overlay.
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Global Paper Based Laminates Market: Growth Factors
The key factors that are boosting the paper based laminates market are the developing construction industry in which since the last few years, the paper is being highly preferred for the wood-based materials surface upgrading. The paper based laminates are highly preferred in cases where increased electrical stability is required in the varying climatic conditions and in the case of higher voltage resistance. There are certain factors that limit the growth of the paper based laminates market which includes the strength factor which is less in the case of paper based laminates thus they are not used in applications where the properties such as high stress carrying capability, high toughness, and high bearing property are required.
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Global Paper Based Laminates Market: Regional Analysis
According to the regional study, the global market for the paper based laminates is diversified into Eastern Europe, North America, Western Europe, Asia Pacific, the Middle East and Africa, and Latin America. The regions that are the major consumers of the paper based laminates market are Western Europe and North America. The market in the Asia Pacific region is growing at a very fast pace which is owing to the fact that the infrastructure sector is developing rapidly in this region. The market in other regions such as Latin America and Eastern European regions are growing significantly.
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Global Paper Based Laminates Market: Competitive Players
The key market players that are involved in the paper based laminates market include Attwater & Sons Ltd., Bakelite Hylam Limited, Guangzhou Remica Building Materials Ltd., Sigma Laminates, Kevin Polymers Pvt. Ltd., Custom Composites Ltd., Impreglam Electronics Limited, Eagle Insulation, Greycon, and Kblaminates.
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