PUBLISHER: Allied Market Research | PRODUCT CODE: 1139850
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139850
The global decorative laminates market was valued at $7,049.4 million in 2021, and is projected to reach $ 9,959.9 million by 2031, registering a CAGR of 3.4% from 2021 to 2031. Decorative laminates are finishing products used for enhancing the surface finish of various carpentry products such as doors, walls, floorings, and furniture & cabinets.
Decorative laminates come in varied sizes, patterns, appearance, and thickness, thereby making them applicable across various end-use industries. The increased spending on furniture and cabinets is anticipated to drive the demand for decorative laminates.
Furthermore, rise in number of residential and non-residential buildings across the world has significantly increased the demand for decorative laminates from residential as well as commercial users. In addition, the development of the tourism sector is fueling the demand of luxurious buildings, thereby driving the demand for decorative laminates. However, high price and high application cost are major restraints of the market. Conversely, rise in trend of home renovation is anticipated to provide lucrative opportunities for the decorative laminates market growth.
The global decorative laminates market is segmented into product type, application, end-user industry, and region. On the basis of product type, the market is categorized into high-pressure laminates and low-pressure laminates. By application, it is bifurcated into walls flooring, and furniture& cabinets. Depending on end-user industry, it is fragmented into commercial and residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, business expansion, and acquisition to strengthen their market outreach and sustain the stiff competition in the market
COMPETITION ANALYSIS
The key companies profiled in the decorative laminates market report include Abet Laminati S.p.A, Archidply, Broadview Holding, Fletcher Building, Greenlam Industries Limited, Merino Industries Limited, Panolam Industries International, Inc., Stylam Industries Ltd., Synthomer Plc., and Wilsonart LLC.
Key Benefits For Stakeholders
Key Market Segments
By Product Type
By Application
By End Use
By Region