Decorative Laminates Market is Estimated to Grow High CAGR by 2023


Posted June 10, 2019 by amarsasane

Decorative Laminates Market 2019 Report analyses the Industry Status, Size, Share, Emerging Trends, Growth Opportunity, Competition landscape and Forecast to 2023.

 
Global Decorative Laminates Market overview:

Detailed Study on Decorative Laminates Market is growing at a CAGR during Forecasts year 2023. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.

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According reports analysis Decorative Laminates Market is driven by extensive use of Saturated Papers, Improvement in Performance, Reduction in Cost, increase in the Aesthetic value of products, rise in disposable income of the Population and Rapid Urbanization. However, release of VOCs, frequent clipping of these laminations due to their brittle nature, and inability to replace the spirally growing veneer market due to the latters remarkable performance Hamper the market growth. Recent advancements in high pressure lamination production processes to improve performance, increase durability, and Reduce Wear and tear present lucrative opportunities for market players during the forecast period.

The Global Decorative Laminates Market is segmented on the basis of Product Type, End Use Industry and Region. On the Basis of Product Type segment, the Decorative Laminates Market is sub segmented into High-pressure Laminate, Low-pressure Laminate. Based on End Use Industry segment, the Decorative Laminates Market is sub segmented into Cabinet, Furniture, Flooring, Table top, Counter top, Wall panels.

On the basis of End Use Industry segment, the Decorative Laminates Market are used in Restaurants, Laboratories, Educational Institutes, Office Furniture, Hospital, Hotels and Retail Shops. Based on end-use sector, the non-residential sector led the Decorative Laminates Market in 2016 followed by the residential sector. Decorative laminates are used in the non-residential sector, owing to their distinct properties such as durability, high impact strength, cost effectiveness, variety, microbe-resistant, easy to maintain, customizable, easy installation, and lavish elegant looks.

In terms of the geographic analysis, APAC is Projected to be the largest market for Decorative Laminates. China is estimated to be the largest market for Decorative Laminates in the APAC region. High population in the region is driving the demand for advanced infrastructure. Hence, developing economies, along with rapidly growing infrastructure is driving the Decorative Laminates Market in the region. The demand for decorative laminates from the residential sector is expected to grow in the APAC due to rapid urbanization and increasing disposable income of consumers.

Some of the major players that operate in the Global Decorative Laminates Market are Advanced Technology, Inc. (US), Arpa Industriale S.p.A. (Italy), Fletcher Building Limited (New Zealand), Omnova Solutions Incorporation (U.S.), Greenlam Industries Limited (India), Merino Industries Limited (India), Wilsonart LLC (U.S.), Abet Laminati S.p.A. (Italy), Archidply Industries Limited (India), FunderMax Gmbh (Europe), Panolam Industries International, Inc. (U.S.), Stylam Industries Limited (India), Witex Flooring Products GmbH (Germany), Uniboard Canada, Inc. (Canada), Laminex Group Pty Limited (Australia).

Latest Industry Updates:

1 Merino Industries Limited:- through its subsidiaries, manufactures and exports decorative laminates for home, retail, and office segments. It also offers decorative laminates; products for interior industry, such as plywood, melamine-faced particle boards and MDF boards, and post-formed panels; tailor-made furniture solutions for office, home, hospitality, and retail sectors; restroom and locker systems; and solid surfaces. The company provides laminates, performance laminates, compact laminates, plywood, prelaminated boards, post laminated products, and write on boards. In addition, it offers snack mixes and potato flakes. Further, the company offers IT and business consulting services, incl.

2 Wilsonart LLC:- manufactures high pressure laminates and fine surfacing materials and components for furniture applications. It has strategic alliances with Hanwha L&C Corporation. Wilsonart LLC was founded in 2012 and is based in Temple, Texas. The company operates as a subsidiary of Wilsonart International Holdings, LLC.

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Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Table of Contents:

Global Decorative Laminates Market Report 2019

1 Decorative Laminates Definition

2 Global Decorative Laminates Market Major Player Share and Market Overview

3 Major Player Decorative Laminates Business Introduction

4 Global Decorative Laminates Market Segmentation (Region Level)

5 Global Decorative Laminates Market Segmentation (Product Type Level)

6 Global Decorative Laminates Market Segmentation (Industry Level)

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Last Updated June 10, 2019