COVID19:Global Decorative Laminate Market is projected to reach a value of over USD 11.2 billion by 2027

Decorative Laminate MARKET: Summary

The Global Decorative Laminate Market is projected to reach a value of over USD 11.2 billion by 2027 at a CAGR of around 4.8%.

Decorative Laminate is laminated products primarily used for wall paneling or furniture surface materials as it is available in various colors and texture. Low and high-pressure laminate are two manufacturing processes, differentiate by the pressure applied in the pressing process. Water resistance, durable, various variety, microbe resistance, easy to maintain, and customizable are some benefits offered by decorative laminate, results in gaining popularity for decorating commercial and residential space. It is commonly used for surface kitchen counters, tabletops, and cabinetry because of its benefits offered. Depending upon the type of product or manufacturing process, laminates are available in different specifications based on material, thickness, patterns, texture, and many more.

Decorative Laminate MARKET: Drivers & CHALLENGES

Market Driver:

  • Growing Construction Industry

According to the United States Census Bureau, in September 2019 US spent USD 1,301.8 billion on construction. Moreover, in an emerging market, the construction activities are growing rapidly owing to factors such as a stable political environment, rising disposable income, and increasing foreign direct investment. Furthermore, strong economic growth is one of the major factor in boosting construction activities. For instance, according to the International Monetary Fund (IMF), emerging markets and developing economies together registered a growth of 4.7% in 2018. Thus these factors are responsible to boost the construction in emerging markets such as India, China, Brazil, and Indonesia, and are expected to drive the decorative laminate market during the forecasted period.

Get Sample Copy of This Report @

https://www.forencisresearch.com/decorative-laminate-market-sample-pdf/

  • Low Installation and Maintenance Cost

Decorative laminates are produced by compressing two or more layers under pressure, resulting in impervious and high durable sheets. Additionally, decorative laminate offers benefits such as heat resistant, water resistance, stain and scratches proof making it easier to clean and take care. This has made decorative laminates more suitable for high traffic and damp areas such as tabletops and kitchens. Moreover, most of the manufacturers give a minimum warranty of around 10 years on their products which helps to avoid reinstallation cost. Thus, low maintenance and installation cost associated has is anticipated to boost the growth of the product market.

Market Restraint:

  • Non-Renewable and Emission of Volatile Organic Compounds (VOC)

Decorative laminates contain wood, plastics, and resins. Laminates sometimes are heavily processed and filled with chemicals. Adhesives are used in some products may be toxic. A concern with some resins is the release of formaldehyde, the volatile organic compounds (VOC) in the finished product. These releases are dangerous potential sources of cancer-causing VOCs. Materials such as wood and plastics cannot be recycled and end up dumping after use resulting in waste products harmful for the environment. Thus, the emission of VOCs and their non-renewable nature may hinder the growth of the product market.

Decorative Laminate market: Key segments

  • On basis of material: Wood, Plastic Resin, Paper, Plywood, and Adhesives
  • On basis of manufacturing type: High-Pressure laminate, and Low-Pressure Laminate
  • Based on application: Furniture, Wall Panels, Cabinets, Flooring, Countertops, and Others
  • Based on end-use: Commercial, Residential, and Transportation
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America with individual country-level analysis.

Request for Methodology of Global Aerodynamic Market @

https://www.forencisresearch.com/decorative-laminate-market-request-methodology/

Decorative Laminate MARKET: Report SCOPE

The report on the decorative laminate market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018–2027

Base Year for Market Calculation

2019

Forecasted Period

2020–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Million Square Meter)

Segments Included

Material, Manufacturing Type, Application, End-User, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

  • Greenlam Industries Limited (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Merinolaminates
  • Virgo Group
  • Cedar Decor Pvt Ltd.
  • OMNOVA Solutions Inc
  • Wilsonart LLC.
  • Abet Laminati S.p.A.
  • Archidply
  • Steelcase Inc.
  • Stylam Pvt. Ltd
  • Other Key Companies

Consult with Analyst @

https://www.forencisresearch.com/decorative-laminate-market-consult-with-an-analyst/

Decorative Laminate MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Decorative Laminate Market, by Material

  • Wood
  • Particleboard
  • Medium Density Board
  • Hardboard
  • Plastic Resin
  • Phenolic Resin
  • Melamine Resin
  • Paper
  • Saturating Kraft Paper
  • Decorative Paper
  • Vinyl Film
  • Plywood
  • Adhesives
  • Phe
  • Others

Decorative Laminate Market, by Manufacturing Type

  • Low-Pressure Laminate
  • High-Pressure Laminate

Decorative Laminate Market, by Application

  • Furniture
  • Wall Panels
  • Cabinets
  • Flooring
  • Countertops
  • Others

Decorative Laminate Market, by End-user

  • Commercial
  • Office building
  • Retail Building
  • Industrial Building
  • Residential
  • Individual Houses
  • Apartments
  • Hotels
  • Others
  • Transportation
  • Air Crafts
  • Luxury Cars
  • Ships
  • Others

Decorative Laminate Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

Key Questions answered by the report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Purchase this Premium Industry Research Report with Analysis @

https://www.forencisresearch.com/decorative-laminate-market-purchase-now/

Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 Global Decorative Laminate Market By Material, Market Size In Usd Million & Million Square Meter (2019–2027)

7 Global Decorative Laminate Market By Manufacturing Type, Market Size In Usd Million & Million Square Meter (2019–2027)

8 Global Decorative Laminate Market By Application, Market Size In Usd Million & Million Square Meter (2019–2027)

9 Global Decorative Laminate Market By End-User, Market Size In Usd Million & Million Square Meter (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: info@forencisresearch.com

For more market research insights, please visit https://www.forencisresearch.com

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach