Decorative Laminates Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Decorative Laminates Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Chemical & Materials

Report Digest

Global Decorative Laminates Market: Snapshot

Laminates are often used to on surfaces to provide a smooth finish band protective layer for furniture, and utensils. They are some of the best scratch proof the solutions in the low-priced budget. They are also designed to elevate the scratch resistance and easy to clean property of the product. On the other hand, decorative laminates have dual purposes. They provide a decent safety to products along with enhancing the feature of the product. Owing to these factors, the global decorative laminates market is experiencing a robust growth in coming future.

Moreover there are various types of decorative laminates available in the market. These categorized on the basis of manufacturing processes. There two types of laminates available on the basis of manufacturing process namely low pressure laminate and high pressure laminate.

  • Low Pressure Laminate: In this process, the decorative laminate papers are soaked in melamine resins and then dried using natural resources. Later they are bonded with MDF, HDF, or Particle Board. For bonding Process, heat activated glue is used in this process. This is one of the most popular processes of manufacturing the laminates in the global decorative laminates market.
  • High Pressure Laminate: These are hard decorative laminate sheets that are fixed on plywoods and MDF using adhesive and pressed using cold processes. These laminates are used majorly in domestic purposes and play important role in elevating the growth of global decorative laminates market.

Some of the players of global decorative laminates are: Omnova Solutions Incorporation, Merino Group, Greenlam Industries Limited, and Wilsonart International Inc.

Global Decorative Laminates Market: Overview

The demand within the global decorative laminates market has rising on account of the growing propensity to manufacture aesthetic furnishings and decorative pieces. Decorative laminates are boards and plies that are used to cover the surfaces of furniture items, walls, and other interior design pieces. Decorative laminates are made up of a wide range of products and can be used to give a fine appeal to interior furnishings. The manufacture of decorative laminates involves an extensive process wherein the material is transfigured, blended, and painted to give it a well-finished appeal. These laminates are then glued or pressed against furniture items and other interior piece. On account of the growing popularity of aesthetic interior designs, the demand within the global market for decorative laminates is projected to reach new heights in the years to come. The decorative laminates market has also attracted investments from several key capitalists and investors over the past decade. With the aforementioned points in view, it is safe to prognosticate that the global market for decorative laminates would expand at a robust rate in the years to come.

The global decorative laminates market may be segmented on the basis of the following parameters: raw material, type, application, and end-use sector. An understanding of all the aforementioned segments is vital to draw inferences with regards to the global decorative laminates market.

A report on the global decorative laminates market sheds value on several key trends that have housed in this market over the past decade. The report follows a holistic and all-inclusive approach to explain the various drivers of demand within the global decorative laminates market. Moreover, a regional analysis of the global decorative laminates market has also been included in this report.

Global Decorative Laminates Market: Trends and Opportunities

Interior designing has emerged as an immensely popular industry in recent times, and people are willing to spend huge sums of money on enhancing the aesthetics of their private spaces. This factor has played a major role in enhancing the growth prospects of the global decorative laminates market in recent times. Furthermore, decorative laminates are used across departmental stores, clothing stores, and other commercial outlets to attract the customers and offer a pleasing shopping experience to them. This factor has also reeked of growth within the global market for decorative laminates in recent times. However, the high cost of decorative laminates has shifted the focus of several end-users towards cheaper alternatives.

Nevertheless, the availability of customizable decorative laminates has created commendable growth opportunities within this market in recent times. Decorative laminates with several designs, colours, and finish are available across the globe. Owing to these factors, it is safe to assert that the demand within the global decorative laminates market would keep escalating in the years to come.

Global Decorative Laminates Market: Regional Outlook

The demand within the decorative laminates market in North America has elevated at a starry rate, majorly due to advancements in the field of interior designing across the US and Canada. Furthermore, the propensity of the masses to enhance the visual appeal of in-house furnishings and interior pieces has also given an impetus to the growth of the regional market. The decorative laminates market in Asia Pacific is expanding on account of the extensive constructions industry in China, Japan, and India.

Global Decorative Laminates Market: Competitive Landscape

Some of the key players in the global decorative laminates market are Omnova Solutions Incorporation, Merino Group, Greenlam Industries Limited, and Wilsonart International Inc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?