The global decorative laminates market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. Decorative laminates have become a growing application in commercial spaces due to their durability, versatility, and aesthetic appeal. In modern office spaces, decorative laminates are commonly used as a surfacing material for office furniture such as desks, tables, and cabinets. The durability of the laminates means that they can withstand heavy use and are easy to clean, making them ideal for busy work environments. Retail spaces also use decorative laminates as a surfacing material for shelves, counters, and displays. They can be custom-made to match the branding and aesthetic of the store, and their durability makes them suitable for high-traffic areas.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/decorative-laminates-market
In restaurants, decorative laminates are a popular choice for tables, bar tops, and other surfaces. They are easy to clean and can be produced in a variety of designs, allowing restaurants to create a unique and inviting atmosphere. Thus, the market players are coming up with new launches and solutions to meet industry-specific demand. For instance, in July 2019, Panolam launched the healthcare collection, a line of technically innovative and design-driven high-pressure laminate products from the company’s Pionite, Nevamar, and Inspira lines. The healthcare collection features smaller-scaled abstract design components and neutral-colored patterns that improve the surroundings healthcare environment.
Also, the expansion of market players over different regions to increase the consumer base of the company is anticipated to drive the global demand for decorative laminates. For instance, in May 2021, Wilsonart acquired Flagg Incorporated, a leading wholesale distributor of decorative laminates to the building and remodeling industry. Flagg, based in Cincinnati, distributes supplies and services for the cabinet-making industry, including engineered decorative laminates, boards, hardware, and components. By expanding Wilsonart's footprint in the Midwest, this strategic acquisition represents significant growth potential for the company.
Market Coverage
• The market number available for – 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered-
o By Product Type
o By Application
o By End-Use
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Greenlam Industries Ltd., Merino Laminates Ltd., OMNOVA Solutions Inc., FunderMax, and Wilsonart LLC among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Decorative Laminates Market Report Segment
By Product Type
By Application
By End-Use
Global Decorative Laminates Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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