Global Decorative Laminates Strategic Business Report 2023: Robust Demand for High Pressure Laminates Drives Growth


Dublin, May 22, 2023 (GLOBE NEWSWIRE) -- The "Decorative Laminates: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Decorative Laminates estimated at US$6.9 Billion in the year 2022, is projected to reach a revised size of US$8.6 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2022-2030.

Low Pressure Laminates, one of the segments analyzed in the report, is projected to record 2.6% CAGR and reach US$6.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the High Pressure Laminates segment is readjusted to a revised 3.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 4.7% CAGR

The Decorative Laminates market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Select Competitors (Total 102 Featured) -

  • Abet Laminati S.p.A.
  • AICA Kogyo Co., Ltd.
  • Arclin, Inc.
  • Armstrong Flooring, Inc.
  • Arpa Industriale S.p.A.
  • ATI Decorative Laminates
  • Beaulieu International Group N.V.
  • Borg Group Holdings Pty Limited
  • Dekodur GmbH & Co. KG
  • Financiera Maderera S.A.
  • Fletcher Building Limited
  • FRITZ EGGER GmbH & Co. OG
  • FunderMax GmbH
  • GreenPly Industries Limited
  • Kingboard Laminates Holdings Limited
  • Kronospan Limited
  • Mohawk Industries, Inc.
  • Panolam Industries International, Inc. (Panolam Surface Systems)
  • Pfleiderer Group Spolka Akcyjna
  • Rougier S.A.
  • Swiss Krono Holding AG
  • Tarkett S. A.
  • Timber Products Company
  • Westag & Getalit AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages223
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$6.9 Billion
Forecasted Market Value (USD) by 2030$8.6 Billion
Compound Annual Growth Rate2.8%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Decorative Laminates: One of the Most Durable, Ubiquitous, and Functional Man-Made Surface Materials
  • Decorative Laminates: A Bold New Direction in Decorative Surfaces
  • Growth Drivers in a Nutshell
  • Recent Market Activity
  • Recovery in Construction Activity Worldwide Boosts Market Prospects for Decorative Laminates
  • Residential Replacements: The Primary Demand Driver
  • Global Market Outlook
  • Developing Asian Countries Dominate Market Demand and Offer Significant Growth Opportunities
  • Upward Movement in Construction Activity to Drive Strong Market Gains
  • Decorative Laminates - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Robust Demand for High Pressure Laminates, the Stronger Variety of Laminates, Drive Steady Market Growth
  • High Pressure Laminates: The Raw Deal
  • Superior Attributes of Laminate in Home Decor, Cabinetry and Countertops over Other Alternatives Drive Widespread Market Adoption
  • Popular Granite-Look Laminates for Countertops
  • Digital Revolution Gaining Momentum in Decorative Laminates Benefit Market Expansion
  • Pattern Repeats No Longer an Issue
  • High Impregnability of Papers and Colors Critical to Digital Printing
  • Novel Techniques for Texture Reproduction
  • Laminates Gain from Surging Consumer Interest in Hard Surface Flooring
  • Laminate Flooring: The Fast Emerging Substitute to Wood Flooring
  • Advanced Printing Techniques Transform Look and Application of Laminate Flooring
  • Laminate Floorings & Noise Resonance: A Weighty Acoustical Issue?
  • Thermally Fused Melamine (TFM) and Vinyls: The LPLs Saving Grace
  • Natural & Eco-Friendly Themes: Style Icons
  • The DIY Culture: Catching On
  • Glueless Laminate: Cheering the DIY Culture
  • Favorable Demographic & Economic Trends Strengthen Market Prospects
  • Exponential Increase in Urbanization
  • Population Growth
  • Burgeoning Middle Class Population

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/k3qoua

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Global Market for Decorative Laminates

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