According to IMARC Group’s latest report, titled “Decorative Laminates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 41.7 Billion in 2021. Decorative laminates are designed laminated sheets commonly manufactured from resins that usually react with aldehydes during the process of thermosetting. They are widely utilized as a preferred alternative for veneers, paints, and coatings as they offer enhanced durability and an aesthetic appearance at affordable prices. They are popularly utilized for decorating kitchen counters, cabinets and tabletops, along with wall paneling and flooring applications.
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The global market is primarily driven by significant growth in the construction industry. Along with this, the increasing investments by public and private agencies for infrastructural development projects and the expansion of commercial and residential spaces are creating a positive outlook for the market. Moreover, the widespread adoption of ready-to-assemble (RTA) flooring solutions is also providing a boost to the market growth. Furthermore, rapid urbanization, the inflating disposable income levels of the masses and their evolving lifestyle preferences have led to the rising preference toward building aesthetically appealing corporate spaces and home interiors, thereby providing an impetus to the market growth. Looking forward, IMARC Group expects the decorative laminates market to reach US$ 54.3 Billion by 2027, exhibiting at a CAGR of 4.39% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Abet Laminati S.p.A
- Archidply
- Century Laminates
- Fletcher Building
- FunderMax Gmbh
- Greenlam Industries Limited
- Merino Laminates Ltd.
- Omnova Solutions Inc.
- Panolam Industries International
- Stylam Pvt. Ltd.
- Wilsonart LLC.
Breakup by Product Type:
- High Pressure Laminates
- Low Pressure Laminates
- Furniture and Cabinets
- Flooring
- Wall Panels
- Others
- Non-Residential
- Residential
- Transportation
- Matte/Suede
- Glossy
- Premium
- Mass
- Organised
- Unorganised
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- Chile
- Peru
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Moreover, the widespread adoption of ready-to-assemble flooring solutions is also providing a boost to market growth.
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