Dublin, May 22, 2023 (GLOBE NEWSWIRE) -- The "Decorative Laminates: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Decorative Laminates estimated at US$6.9 Billion in the year 2022, is projected to reach a revised size of US$8.6 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2022-2030.
Low Pressure Laminates, one of the segments analyzed in the report, is projected to record 2.6% CAGR and reach US$6.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the High Pressure Laminates segment is readjusted to a revised 3.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 4.7% CAGR
The Decorative Laminates market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 4.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Select Competitors (Total 102 Featured) -
- Abet Laminati S.p.A.
- AICA Kogyo Co., Ltd.
- Arclin, Inc.
- Armstrong Flooring, Inc.
- Arpa Industriale S.p.A.
- ATI Decorative Laminates
- Beaulieu International Group N.V.
- Borg Group Holdings Pty Limited
- Dekodur GmbH & Co. KG
- Financiera Maderera S.A.
- Fletcher Building Limited
- FRITZ EGGER GmbH & Co. OG
- FunderMax GmbH
- GreenPly Industries Limited
- Kingboard Laminates Holdings Limited
- Kronospan Limited
- Mohawk Industries, Inc.
- Panolam Industries International, Inc. (Panolam Surface Systems)
- Pfleiderer Group Spolka Akcyjna
- Rougier S.A.
- Swiss Krono Holding AG
- Tarkett S. A.
- Timber Products Company
- Westag & Getalit AG
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 223 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.9 Billion |
| Forecasted Market Value (USD) by 2030 | $8.6 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Decorative Laminates: One of the Most Durable, Ubiquitous, and Functional Man-Made Surface Materials
- Decorative Laminates: A Bold New Direction in Decorative Surfaces
- Growth Drivers in a Nutshell
- Recent Market Activity
- Recovery in Construction Activity Worldwide Boosts Market Prospects for Decorative Laminates
- Residential Replacements: The Primary Demand Driver
- Global Market Outlook
- Developing Asian Countries Dominate Market Demand and Offer Significant Growth Opportunities
- Upward Movement in Construction Activity to Drive Strong Market Gains
- Decorative Laminates - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Robust Demand for High Pressure Laminates, the Stronger Variety of Laminates, Drive Steady Market Growth
- High Pressure Laminates: The Raw Deal
- Superior Attributes of Laminate in Home Decor, Cabinetry and Countertops over Other Alternatives Drive Widespread Market Adoption
- Popular Granite-Look Laminates for Countertops
- Digital Revolution Gaining Momentum in Decorative Laminates Benefit Market Expansion
- Pattern Repeats No Longer an Issue
- High Impregnability of Papers and Colors Critical to Digital Printing
- Novel Techniques for Texture Reproduction
- Laminates Gain from Surging Consumer Interest in Hard Surface Flooring
- Laminate Flooring: The Fast Emerging Substitute to Wood Flooring
- Advanced Printing Techniques Transform Look and Application of Laminate Flooring
- Laminate Floorings & Noise Resonance: A Weighty Acoustical Issue?
- Thermally Fused Melamine (TFM) and Vinyls: The LPLs Saving Grace
- Natural & Eco-Friendly Themes: Style Icons
- The DIY Culture: Catching On
- Glueless Laminate: Cheering the DIY Culture
- Favorable Demographic & Economic Trends Strengthen Market Prospects
- Exponential Increase in Urbanization
- Population Growth
- Burgeoning Middle Class Population
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/k3qoua
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