“Decorative Laminates Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025 ” is the latest addition to MarketResearchReports.Biz industry research reports collection.
The main objective of this report is to define, describe, and forecast the global “Decorative Laminates” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Decorative laminates are laminated products used as furniture surface materials or wall paneling. They are commonly used as an overlay over wooden furniture. Decorative laminates are an essential part of interior surfacing solution. Use of decorative laminates on wooden furniture surface provides a unique and stylish look to furniture in residential and non-residential buildings. Decorative laminates are used to laminate surfaces to protect them from wear and tear, scratches, and fire. They enhance the lifespan of surfaces and give them an attractive finish.
Key factors driving the decorative laminates market include upcoming cultural and fashion trends in interior designing, increase in demand from the flooring industry, cabinets, and rise in demand from the rebounding housing markets. Demand for decorative laminates is gaining momentum, led by the advancements in technology and growth of artistic innovations. Along with technological advances, production techniques have been improved in order to support new upcoming patterns and designs such as metal surfaces, and gloss and three dimensional surfaces.
Technical improvements have resulted in the development of next generation laminates with thin microscopic particles of aluminum oxide, which acts as a barrier or a protective layer that provides color/gloss retention and scratch resistance. Demand for laminates with wide range of styles, colors, designs and textures, which include wood, natural tile, ceramic, and metal has been increasing. This, in turn, is estimated expected to fuel the demand for decorative laminates. Constant innovations are expected to increase product diversification from conventional uses into new applications in the field of automobiles, electronics, and constructions, among others. High cost of high pressure decorative laminates acts as a restraint to market growth. This is expected to adversely affect the market growth in a few regions.
Based on manufacturing process, the decorative laminates market can be classified into high pressure decorative laminates (HPDL) and low pressure decorative laminates (LPDL). HPDL is composed of resin-impregnated kraft paper, decorative paper face material, and clear melamine-impregnated overlay. These sheets are bonded at different pressures and temperatures. LPDL is manufactured relatively at low pressures and temperatures. It is generally offered in panel form. It consists of decorative paper impregnated with melamine, resin which is bonded directly to the particleboard. LPDL paper is specifically engineered to be thermally fused onto a substrate. Therefore, it does not have the kraft paper core that distinguishes HPDL. Thus, impact resistance is lower. LPDL are low-cost, while HPDL is high-priced and more durable than LPDL.
Decorative laminates, due to their properties such as pleasing looks, water resistance, durability, microbe-resistant, and ease of maintenance, are used in a wide range of applications. Based on application, the market can be classified into flooring, furniture, cabinets, and wall panels.
In terms of geography, the decorative laminates market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America is anticipated to account for significant share of the market during the forecast period. Asia Pacific is estimated to be a rapidly growing region of the decorative laminates market, owing to the rise in demand for these laminates from residential and non-residential sectors. Increase in disposable income, economic growth, rise in standard of living, and growth in residential construction are some of the factors driving the market in Asia Pacific. Middle East & Africa is likely to be an attractive region of the decorative laminates market during the forecast period owing to the increase in the number of tourist hotels and growth in the construction industry in the region.
Key players operating in the global decorative laminates market include Kingboard Chemical Holdings Ltd, Roseburg Forest Products, Formica Group, and Wilsonart International.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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