Decorative Laminates Market
Decorative Laminates Market Size, Share & Trends Analysis Report by Product Type (High Pressure Laminates, and Low Pressure Laminates), By Application (Walls, Flooring, Furniture, and Cabinets), And By End-Use (Residential, and Commercial) Forecast Period (2023-2029) Update Available - Forecast 2024-2030
Decorative laminates market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. Decorative laminates are versatile and durable materials with a wide range of design options. They are resistant to wear and tear heat, and moisture, and are easy to maintain. These properties make them an attractive choice for a variety of applications in both residential and commercial settings. The growth of the market is attributed to the increasing demand from commercial spaces in developed and emerging countries due to the growth of service sectors such as IT, BFSI, and telecom.
Segmental Outlook
The global decorative laminates market is segmented based on product type, application, and end-use. Based on its product type, the market is segmented into high-pressure laminates and low pressure laminates. Based on the application, the market is categorized into walls, flooring, furniture, and cabinets. Further, based on the end-user, the market is segmented into residential, and commercial. Among the end-use, the residential sub-segment is anticipated to hold a prominent market share. The growth of the sub-segment is attributed to the growing demand for cost-effective decorative laminates.
Among the product type segment, the high pressure laminates sub-segment is anticipated to register significant growth for the forecast period. High-pressure decorative laminates (HPDL) are a type of surfacing material that is widely used for interior design and decoration purposes. They are made by layering multiple sheets of paper or fabric impregnated with melamine resin, then subjecting the layers to high pressure and temperature to create a solid, durable sheet. The growing demand for HPDL as a cost-effective alternative to natural stone or solid surface materials for kitchen and bathroom countertops, interior designing, and flooring material in commercial and residential settings is anticipated to drive the growth of high-pressure decorative laminates.
Accordingly, market players are expanding their product portfolio to meet the growing demand. For instance, in August 2022, Advance Decorative Laminates, a manufacturer of decorative products, launched its new range of laminates. One of the most attractive products launched by the company are the laminates made using Zero-finish technology to give them a natural veneer look and feel. These high-pressure laminates are resistant to cracks, heat, scratches, shock, and impact.
Regional Outlooks
The global decorative laminates market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American market is anticipated to cater to prominent growth over the forecast period. However, the Asia-Pacific region is projected to experience considerable growth in the decorative laminates market.
Global Decorative Laminates Market Growth, by Region 2023-2029
The Europe Region is anticipated to Hold a Significant Share in the Global Decorative Laminates Market
Among these regions, Europe region is anticipated to account for a significant share of the decorative laminates market during the forecast period. According to European Construction Industry Federation, total investment in construction increased by 5.2% in 2021 and amounted to $1.9 trillion, corresponding to 11.1% of the EU GDP. New housebuilding represents about one-fifth of the total investment in construction. Thus the growth of the decorative laminates market in the region is primarily driven by increased demand for decorative laminates in commercial and residential buildings owing to the growth of the construction market in Europe.
Market Players Outlook
The major companies serving the global decorative laminates market include Greenlam Industries Ltd., Merino Laminates Ltd., OMNOVA Solutions Inc., FunderMax, and Wilsonart LLC among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2022, Greenlam Industries acquired Bloom Dekor, a laminate manufacturing facility in Gujarat, India. This laminate manufacturing facility has an installed capacity of 3.4 million sheets per annum. The deal comprises the acquisition of the entire land, building, plant, and machinery of the laminate division of Bloom Dekor. This acquisition has opened new horizons for Greenlam to expand its offerings to the market by entering the mass market segment of laminates. It also allowed the company expansion of the network in semi-urban and rural areas and give leverage to its current offerings. The location of this plant offers a demographic advantage as Gujarat is a hub for raw materials and being closer to the port cuts down on logistics costs and time.
The Report Covers
- Market value data analysis of 2023 and forecast to 2029.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global decorative laminates market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Company
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Key Strategy Analysis
4. Market Segmentation
4.1. Global Decorative Laminates Market by Product Type
4.1.1. High Pressure Laminates
4.1.2. Low Pressure Laminates
4.2. Global Decorative Laminates Market by Application
4.2.1. Walls
4.2.2. Flooring
4.2.3. Furniture
4.2.4. Cabinets
4.3. Global Decorative Laminates Market by End-Use
4.3.1. Residential
4.3.2. Commercial
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Abet Laminati S.p.A.
6.2. AICA Laminates India Pvt. Ltd.
6.3. Airolam decorative laminates
6.4. Archidply
6.5. Bell Laminates
6.6. Broadview Holding (Formica Group)
6.7. Fletcher Building
6.8. FunderMax
6.9. Greenlam Industries Ltd.
6.10. Kronoplus Ltd.
6.11. Merino Laminates Ltd
6.12. OMNOVA Solutions Inc.
6.13. Panolam Industries International, Inc.
6.14. Stylam Pvt. Ltd.
6.15. Wilsonart LLC.
1. GLOBAL DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL HIGH PRESSURE DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LOW PRESSURE DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL DECORATIVE LAMINATES FOR WALLS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL DECORATIVE LAMINATES FOR FLOORING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL DECORATIVE LAMINATES FOR FURNITURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DECORATIVE LAMINATES FOR CABINETS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
10. GLOBAL DECORATIVE LAMINATES FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DECORATIVE LAMINATES FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. NORTH AMERICAN DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
17. EUROPEAN DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. EUROPEAN DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
28. REST OF THE WORLD DECORATIVE LAMINATES MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
1. GLOBAL DECORATIVE LAMINATES MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
2. GLOBAL HIGH PRESSURE DECORATIVE LAMINATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL LOW PRESSURE DECORATIVE LAMINATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL DECORATIVE LAMINATES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
5. GLOBAL DECORATIVE LAMINATES FOR WALLS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL DECORATIVE LAMINATES FOR FLOORING MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL DECORATIVE LAMINATES FOR FURNITURE MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL DECORATIVE LAMINATES FOR CABINETS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL DECORATIVE LAMINATES MARKET SHARE BY END-USE, 2021 VS 2028 (%)
10. GLOBAL DECORATIVE LAMINATES FOR RESIDENTIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL DECORATIVE LAMINATES FOR COMMERCIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DECORATIVE LAMINATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. US DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
15. UK DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD DECORATIVE LAMINATES MARKET SIZE, 2021-2028 ($ MILLION)
