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 : August, 2020 | Chemical & Materials | PPT format

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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.