PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1334435
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1334435
India Decorative Laminates Market - By Product Type ; By Texture ; By Pricing ; By Sector ; By Application ; By End Use ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Decorative Laminates Market Size Set to Touch USD 2.7 Billion by 2029.
India decorative laminates market is flourishing because of an increasing living standard and growing per capita expenditure of consumers on home decor products.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India decorative laminates market size at USD 1.74 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India decorative laminates market size to grow at a significant CAGR of 7.46% reaching a value of USD 2.68 billion by 2029. Major growth drivers for the India decorative laminates market include an increasing living standards and high consumer spending on home decor items. There is a growing preference for contemporary home furnishing designs, which has led to the surge in popularity of ready-to-assemble (RTA) floorings, furniture, and cabinets. Notably, the rapid expansion of commercial infrastructure in India has resulted in a higher demand for decorative interior products like laminates in various facilities such as gymnasiums, convention centers, indoor sports clubs, and auditoriums. Also, the easy installation process of decorative laminates, which eliminates the need for nails or staples to connect them with the subfloor or walls, has greatly contributed to their widespread adoption throughout the country. However, fluctuations in the cost of raw materials and higher expenses associated with pressure decorative laminates are anticipated to restrain the overall market growth during the forecast period.
India Decorative Laminates Market - Overview:
India decorative laminates market refers to the industry involved in the production, distribution, and sale of decorative laminates within the country. Decorative laminates are thin layers of material, typically made from a combination of resin, paper, and melamine, that are applied to surfaces, such as furniture, flooring, and walls, to enhance their aesthetic appeal. These laminates come in a wide range of colors, patterns, and textures, allowing individuals to customize and enhance the visual appearance of their living or working spaces. The market encompasses various players, including manufacturers, suppliers, distributors, and retailers, who cater to the growing demand for decorative laminates driven by factors, such as increasing consumer spending on home decor, rising living standards, and the preference for modern furnishing designs.
Impact of COVID-19 on India Decorative Laminates Market:
COVID-19 pandemic adversely affected the India decorative laminates market. The implementation of nationwide lockdowns and restrictions on movement disrupted the entire supply chain, causing disruptions in manufacturing and distribution of laminates. The closure of construction sites and reduced consumer spending on non-essential items further contributed to the downturn in the market. The uncertain economic conditions and financial constraints faced by individuals resulted in a decline in demand for decorative laminates. However, as the situation gradually improved and restrictions were eased, the market began to show signs of recovery. With the resumption of construction activities and increased focus on home improvement projects, the demand for decorative laminates started to pick up in the post-pandemic era.
India Decorative Laminates Market - By Application:
Based on application, the India decorative laminates market is divided into Furniture & Cabinets, Flooring, and Wall Panels segments. The furniture & cabinets segment held the highest market share in the market by application, due to their essential role in residential and commercial spaces. The consistent demand for functional and visually appealing storage solutions drives the popularity of laminates in these segments. Versatility is a key factor, as laminates can be applied to various surfaces, offering a wide range of design options to match consumer preferences. Also, the cost-effectiveness of laminates compared to other materials makes them an attractive choice for manufacturers. The durability, easy maintenance, and protection against moisture and scratches further enhance the appeal of laminates for furniture and cabinets, solidifying their leading market position.
Competitive Landscape:
Major players operating in the India decorative laminates market include: Greenlam Industries Limited, Century Plyboards (India) Limited, Merino Laminates, Sunmica (A WILSONART Company), Stylam Industries Limited, Sonear Industries Limited, Rushil Decor Limited, Formica India, Royal Crown Laminates, and Durian Laminates. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Decorative Laminates Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Decorative Laminates Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Decorative Laminates Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Elevated Living Standards
- 3.2.1.2. A Growing Per Capita Expenditure of Consumers on Home Decor Products
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in the Cost of Raw Materials
- 3.2.2.2. Higher Expenses Associated with Pressure Decorative Laminates
- 3.2.3. Opportunities
- 3.2.3.1. Rapid Development of Commercial Infrastructure
- 3.2.3.2. Need for Lower Maintenance and Installation Costs
- 3.2.4. Challenges
- 3.2.4.1. Regulatory Restrictions on the Use of Melamine and Phenolic Resins
- 3.2.4.2. Competition from other Surfacing Materials
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Decorative Laminates Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Product Type
- 4.2.1.1. High Pressure Laminates
- 4.2.1.2. Low Pressure Laminates
- 4.2.2. By Texture
- 4.2.2.1. Matte/Suede
- 4.2.2.2. Glossy
- 4.2.3. By Pricing
- 4.2.3.1. Mass
- 4.2.3.2. Premium
- 4.2.4. By Sector
- 4.2.4.1. Organized
- 4.2.4.2. Unorganized
- 4.2.5. By Application
- 4.2.5.1. Furniture and Cabinets
- 4.2.5.2. Flooring
- 4.2.5.3. Wall Panels
- 4.2.5.4. Others
- 4.2.6. By End Use
- 4.2.6.1. Non-Residential
- 4.2.6.2. Residential
- 4.2.6.3. Transportation
- 4.2.7. By Region
- 4.2.7.1. North India
- 4.2.7.2. West & Central India
- 4.2.7.3. South India
- 4.2.7.4. East India
- 4.2.1. By Product Type
5. Competitive Landscape
- 5.1. List of Key Players and Their Range
- 5.2. India Decorative Laminates Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on India Decorative Laminates Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
- 7.1. Greenlam Industries Limited
- 7.2. Century Plyboards (India) Limited
- 7.3. Merino Laminates
- 7.4. Sunmica (A WILSONART Company)
- 7.5. Stylam Industries Limited
- 7.6. Sonear Industries Limited
- 7.7. Rushil Decor Limited
- 7.8. Formica India
- 7.9. Royal Crown Laminates
- 7.10. Durian Laminates
- 7.11. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents
- 9.5. Assumption & Limitation
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Decorative Laminates Market Segmentation
- Figure 2 India Decorative Laminates Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Decorative Laminates Market Size, By Value (USD Billion), 2019-2029
- Figure 5 India Decorative Laminates Market Share, By Product Type, By Value, 2019-2029
- Figure 6 India Decorative Laminates Market Share, By Texture, By Value, 2019-2029
- Figure 7 India Decorative Laminates Market Share, By Pricing, By Value, 2019-2029
- Figure 8 India Decorative Laminates Market Share, By Sector, By Value, 2019-2029
- Figure 9 India Decorative Laminates Market Share, By Application, By Value, 2019-2029
- Figure 10 India Decorative Laminates Market Share, By End Use, By Value, 2019-2029
- Figure 11 India Decorative Laminates Market Share, By Region, By Value, 2019-2029
List of Tables
- Table 1 India Decorative Laminates Market Size, By Product Type, By Value, 2019-2029
- Table 2 India Decorative Laminates Market Size, By Texture, By Value, 2019-2029
- Table 3 India Decorative Laminates Market Size, By Pricing, By Value, 2019-2029
- Table 4 India Decorative Laminates Market Size, By Sector, By Value, 2019-2029
- Table 5 India Decorative Laminates Market Size, By Application, By Value, 2019-2029
- Table 6 India Decorative Laminates Market Size, By End Use, By Value, 2019-2029
- Table 7 India Decorative Laminates Market Size, By Region, By Value, 2019-2029
- Table 8 Greenlam Industries Limited Company Overview
- Table 9 Greenlam Industries Limited Financial Overview
- Table 10 Century Plyboards (India) Limited Company Overview
- Table 11 Century Plyboards (India) Limited Financial Overview
- Table 12 Merino Laminates Company Overview
- Table 13 Merino Laminates Financial Overview
- Table 14 Sunmica (A WILSONART Company) Company Overview
- Table 15 Sunmica (A WILSONART Company) Financial Overview
- Table 16 Stylam Industries Limited Company Overview
- Table 17 Stylam Industries Limited Financial Overview
- Table 18 Sonear Industries Limited Company Overview
- Table 19 Sonear Industries Limited Financial Overview
- Table 20 Rushil Decor Limited Company Overview
- Table 21 Rushil Decor Limited Financial Overview
- Table 22 Formica India Company Overview
- Table 23 Formica India Financial Overview
- Table 24 Royal Crown Laminates Company Overview
- Table 25 Royal Crown Laminates Financial Overview
- Table 26 Durian Laminates Company Overview
- Table 27 Durian Laminates Financial Overview
