Dublin, May 23, 2024 (GLOBE NEWSWIRE) -- The "Decorative Laminates Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
The global decorative laminates market is witnessing significant growth driven by various factors such as the rising consumption of high-pressure laminates and the introduction of digital laminates. This growth is particularly pronounced in developing countries like India and China in the Asia Pacific region, where factors like rapid population increase and economic expansion are boosting per capita income and disposable income. As a result, there is a surge in spending on home interiors, which directly contributes to the expansion of the decorative laminates market in the region.
Additionally, the increasing utilization of ready-to-assemble floorings, furniture, and cabinets is expected to further drive the demand for high-pressure laminates. Moreover, advancements in functional properties such as scratch resistance and anti-microbial properties are fueling the growth of high-pressure laminates.
Furthermore, manufacturers are focusing on research and development to innovate and produce eco-friendly decorative laminates, thereby tapping into new market opportunities and enhancing their market share. The introduction of digital laminates, which enable customization according to individual consumer needs, is also reshaping the market landscape by offering versatile design options.
Market Dynamics
High Pressure Laminates: A Driving Force
The demand for high-pressure laminates is on the rise due to their advanced functional properties such as scratch resistance, chemical resistance, and anti-microbial properties. Moreover, the increasing utilization of ready-to-assemble floorings, furniture, and cabinets is expected to sustain the demand for high-pressure laminates in the foreseeable future.
Manufacturers are focusing on research and development to innovate and develop newer and more advanced products. Additionally, the manufacturing of eco-friendly decorative laminates presents lucrative growth opportunities for manufacturers to enhance their market share.
Digital Laminates: Customization Redefined
Digital laminates have revolutionized the decorative laminates market by offering customization options according to individual consumer needs. With the use of the latest technologies, designers can now transfer their concepts digitally, enabling the production of custom-designed laminates. These laminates find applications in various areas such as walls, furniture, exhibition stalls, and doors, offering versatility and aesthetic appeal.
Market Growth in Developing Regions
Developing regions such as India and China in the Asia Pacific region are witnessing significant growth in the decorative laminates market. Factors such as rapid population growth, economic expansion, and increasing disposable income are driving the demand for decorative laminates in these regions. The growing spending ability on home interiors is boosting market growth, particularly in the furniture and cabinets segment.
The furniture and cabinets segment is estimated to dominate the global decorative laminates market and is expected to witness significant growth in the forecast period. Factors such as the growing demand for ready-to-assemble furniture and cabinets, coupled with advancements in functional properties of laminates, are driving the growth of this segment.
Sustainable Growth in Sales
The global decorative laminates market is expected to witness sustainable growth in sales, driven by strong acceptance in the global market.
Key Topics Covered:
1. Executive Summary
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Decorative Laminates Market Outlook, 2018 - 2031
3.1. Global Decorative Laminates Market Outlook, by Raw Material, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Plastic Resins
3.1.1.2. Overlays
3.1.1.3. Adhesives
3.1.1.4. Wood Substrate
3.2. Global Decorative Laminates Market Outlook, by Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. General Purpose
3.2.1.2. Postforming
3.2.1.3. Special Products
3.2.1.4. Backer
3.3. Global Decorative Laminates Market Outlook, by Application, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Cabinets
3.3.1.2. Furniture
3.3.1.3. Flooring Table top
3.3.1.4. Counter top Wall panels
3.4. Global Decorative Laminates Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
Competitive Landscape
- By Application vs by Type Heat map
- Manufacturer vs by Type Heatmap
- Company Market Share Analysis, 2023
- Competitive Dashboard
Company Profiles
Synthomer plc
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategies and Development
- Greenlam Industries Limited
Broadview Holding
Merino Laminates Ltd.
Abet Laminati S.p.A
Illinois Tool Works
Panolam Industries International
Fletcher Building
Stylam Industries Ltd.
Archidply
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