Decorative laminates is an attractive and safe way to keep the interior beautiful and to protect furniture from wear and tear, scratching, and fire risk. These products also help to increase the surfaces’ life span and provide them an eye-catching finish. In order to establish presence in various industries, it comes in wide range of designs, textures, and colors to serve different purposes. Tissue paper, kraft paper, base paper, methanol, melamine, formaldehyde, and phenol are some of the raw materials required to manufacture these products.
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Products can be segmented into low-pressure (LPL) and high-pressure laminates (HPL). HPL is considered to be a more durable and tough product as it is derived from phenolic resin and kraft paper. It is preferred on countertops, flooring, and desktop applications owing to fire and chemical resistance properties. Increasing demand for sustainable and long-life flooring in the residential and institutional sector is likely to propel product demand.
LPL, also known as thermo-fused melamine is recommended for vertical surfaces and low traffic areas application owing to medium density fiberboard substrate. Product demand is not high owing to limited finishes & designs and short lifespan. However, less cost is likely to attract customers with low income and short-term interior purpose.
Applications can be bifurcated into cabinets, furniture, flooring, and wall panels. Furniture and cabinets was the largest segment, accounted for more than 65% of the global decorative laminates market share. Expansion in the real estate industry accompanied by increasing trend for ready to assemble furniture in homes and offices are among the key factors to drive decorative laminates demand.
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Europe is expected to witness significant growth owing to large presence of laminate flooring and furniture manufacturers. The UK government is estimated to invest around USD 80 billion for infrastructure development in the near future which is likely to propel regional decorative laminates market size.
This latest Decorative Laminates market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Decorative Laminates industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Decorative Laminates Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.”in detail along with the table of contents:
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