Global Market Study on Decorative Laminates: Impressive Growth to be Witnessed in the Furniture and Cabinets Application Segment During 2017 - 2025

Decorative Laminates  Market
  • Published On : Dec-2017 |
  • Pages : 164 Pages |
  • Format : Decorative Laminates  Market Decorative Laminates  Market Decorative Laminates  Market Decorative Laminates  Market

Growing consumption of high pressure laminates and introduction of digital laminates is trending the global decorative laminates market

The demand for decorative laminates is relatively high in developing countries such as India and China in the Asia Pacific region. One of the major reasons behind the growth of the market in these two countries is a rapid increase in the population accompanied by expansion of the economy that ultimately results in increase in per capita income. This increasing disposable income leads to an increase in the spending ability on home interiors. This factor is boosting the growth of the decorative laminates market across the Asia Pacific region.

Owing to an upsurge in the utilization of ready-to-assemble floorings as well as furniture and cabinets, the demand for high pressure laminates is likely to increase at a stable pace during the assessed period. Moreover, advanced functional properties such as scratch resistance, chemical resistance, anti-microbial and anti-fingerprint are further leading to an increase in the demand for high pressure laminates. Besides, by facilitating advanced R & D initiatives to foster innovation, manufacturers of high pressure laminates are able to develop newer and more advanced products. Manufacturing of eco-friendly decorative laminates is expected to present lucrative growth opportunities for manufacturers to enhance the existing customer base and augment market value share.

Digital laminates are customized laminates available according to individual consumer needs to enable specific designs, graphics, and patterns to be directly printed on laminates. With the use of latest technologies, the designer’s concept can now be transferred digitally and directly to the company facilities, which can further produce different digital sheets of any product type. Such laminates can be applied directly on walls, multipurpose furniture, stands, exhibition stalls, pictures, doors and other areas.

“Rapid growth in the residential sector in urban as well as semi-urban areas in North America and Europe is expected to contribute significantly to overall market growth. Substantial growth in the services and manufacturing sector has led to strong growth in the global GDP in the past. This, in turn, has had a positive impact on the decorative laminates market.

Furniture and cabinets application segment is estimated to gain 210 BPS over the forecast period

By application, the furniture & cabinets segment is estimated to dominate the global decorative laminates market and is expected to create total incremental dollar opportunity of US$ 20,629.2 Mn between 2017 and 2025. In terms of value, the furniture & cabinets segment is expected to gain 210 BPS in 2025 as compared to 2017 and is expected to expand at a CAGR of 5.5% during the forecast period.

Sales of decorative laminates expected to increase at a sustainable growth rate during 2017–2025 owing to a strong acceptance in the global market

In terms of volume, the global decorative laminates market is pegged at 10,814 Mn Sq. Meter in 2017 and is expected to reach 15,645 Mn Sq. Meter by 2025 end. The market is slated to expand at a CAGR of 4.7% in terms of volume over the forecast period. Global sales of decorative laminates is estimated to be valued at US$ 64,515.6 Mn in 2017 and is projected to increase at a CAGR of 5.1% over the forecast period to be valued at US$ 95,877.8 Mn by 2025.

In a new research report titled Decorative Laminates Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),” Persistence Market Research presents a segmental analysis and forecast of the global decorative laminates market across the regional level as well as from a global perspective. With the help of extensive research, our analysts have studied how different market dynamics are likely to impact the current and future scenario of the global decorative laminates market, thus providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape with a view to achieve competitive advantage in the long run. We have analyzed the key market trends, drivers, restraints and opportunities and their magnitudes across various regions. Impact analysis of key growth drivers and restraints based on the weighted average model is included in the report to better equip clients with the necessary acumen for facilitating informed decision making. This report provides historical data for the period 2012-2016 along with value and volume projections for the period 2017-2025. It also includes detailed pricing analysis by product type as well as an analysis of the decorative laminates market value chain.  

Unique approach to the study

In order to provide a comprehensive view of the market, we have included a detailed competitive analysis along with information on company players with unique selling propositions. The competition dashboard provides a detailed comparison of manufacturers of decorative laminates based on parameters such as operating margins, unique selling propositions, collective market share, and geographic concentration. The study encompasses market attractiveness analysis of various segments of the global decorative laminates market. 

The report includes segment wise definition of the market along with the overall global scenario during the assessment period. The publication focuses on identifying various opportunities in the global market and presents updates and insights associated with the various segments of the global decorative laminates market. In-depth analysis of average prices in US$/units has been considered to arrive at appropriate market size numbers. Key market splits have been deduced based on extensive market surveys and exhaustive primary research. The prices of decorative laminates have been tracked at the wholesaler level after conversion through trade websites and these prices have been ratified through interviews with key market stakeholders. 

Our proven and tested research process

A number of primary and secondary sources have been consulted during the course of this study. Secondary sources include company websites, company annual reports_bk_01_01_2020, white papers, and financial reports_bk_01_01_2020. Further deep diving has been carried out by interviewing various market observers and subject matter experts to get an actual picture of the global decorative laminates market. The data accumulated from these sources is revalidated using the triangulation method in order to gain near 100 percent accuracy that can enhance the credibility of the research report. The final data is scrutinized using advanced tools to garner qualitative and quantitative insights on the global decorative laminates market.

Assumptions used in the report

  • We have considered product wise weighted average selling price to deduce market values
  • Bottom-up approach has been incorporated to assess market numbers for each product category while Top-down approach has been used to counter validate the market estimations
  • Macroeconomic indicators such as GDP, manufacturing sector growth, global trade statistics and chemical and material industry growth have been considered while deriving the market values
  • All values for market size are in US$ Mn (US Dollar Million) and volume data is in ‘000 units unless specified

Market Segmentation

By Product Type

  • Low Pressure Laminates
  • Paper
  • Films and Foils
  • High Pressure Laminates
  • Edge Banding

By Application

  • Furniture and Cabinets
  • Flooring
  • Wall Panel
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Companies covered in Decorative Laminates Market Report

Company Profiles

  • Fletcher Building Limited
  • Omnova Solution Inc.
  • Greenlam Industries Ltd.
  • Merino Group
  • Illinois Tool Works, Inc.
  • Abet Laminati S.P.A.
  • Archidply Industries Ltd.
  • Fundermax GmbH
  • Panolam Industries International, Inc.
  • Stylam Industries Ltd.
  • Others.

Decorative Laminates Market

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