Decorative Laminates Market Comprehensive Industry Analysis: Size, Share, and Regional Overview
This Decorative Laminates Market research report presents a detailed analysis based on through research of the overall market, particularly on question that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis and competitive analysis of the market. This research is conducted to understand the current landscape of the market. This will shape the future of the market and foresee the extent of the competition of the market. This Decorative Laminates Market report will also help all the manufacturers and investors to have a better understanding of the direction in which the market is headed.
The Decorative Laminates Market report can effectively help companies and decision makers in addressing the challenges strategically to gain the maximum benefits in this highly competitive market. The leading players of the Decorative Laminates Market industry, their market share, product portfolio, company profiles are covered in this Decorative Laminates Market report. The competitive market scenario among the top market players will help the industry aspirants in planning their strategies. The statistics offered in the report will be precise and useful guide to shape the business growth.
The decorative laminates market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 5.61% in the above-mentioned forecast period.
Definition
Decorative laminates are basically the laminated items which are majorly utilized as surface materials for furniture or wall panels. They are mainly made of raw material such as overlays, adhesives, plastic resin, and wood substrate. These decorative laminates are widely used in application such as furniture, flooring wall, tabletops, and other.
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Key Growth Drivers:
The factors such as growth in the construction industry and improved functionality at lower cost and rising number of automobiles are the root cause fueling up the market growth rate. The factors expected to cushion the growth of the decorative laminates market in the forecast period are the improvement in the standard of living of the people and its requirement of less maintenance and installation cost which will further carve the way for the growth of market. Moreover, the increasing disposable income has encouraged people to spend money on home furniture’s and decors along with the growing popularity of decorative interiors from gyms, sports clubs and convention centers coupled with rise in interest in home interior and remodeling are further expected to cushion the overall markets growth. On the other hand, the factors such as volatility in the cost of the raw materials and high cost of the pressure decorative laminates are expected to impede the growth of the decorative laminates market.
The increase in demand for decorative interiors in convention centers, gymnasiums, and indoor sports clubs are estimated to generate numerous opportunities for the market. On the flip side, the regulations over the usage of melamine and phenolic resins is projected to pose as a major challenge to the growth of the decorative laminates market.
The report emphasizes the participation of key entities, notably:
Fletcher Building, OMNOVA Solutions Inc., Greenlam Industries Ltd., Merino Laminates Ltd., Wilsonart LLC., Archidply, FunderMax, Stylam, Heritage Laminate Surfaces., Timber Products Company, Tarkett, SEKISUI CHEMICAL CO., LTD., Cedar Decor Pvt Ltd., The Diller Corporation., Kronoplus Limited, ATI Decorative Laminates, Royal Crown., Northern Laminates Private Limited (P). Ltd., Virgo Group, and AICA Laminates India Pvt. Ltd, among others.
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Decorative Laminates Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Raw Material (Plastic Resin, Overlays, Adhesives, Wood Substrate), Type (General Purpose, Postforming, Special Products, Backer), Application (Cabinets, Furniture, Flooring, Wall Panels, Tabletops, Countertops), End-Users (Residential, Non- Residential, Transportation), Product Type (Low Pressure Laminates, Paper, Films and Foils, High Pressure Laminates, Edge Banding)
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