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November 6, 2020

Decorative Laminate Market Technological Advancements To Watch Out For Near Future - Global Industry Analysis 2027

The Global Decorative Laminate Market is projected to reach a value of over USD 11.2 billion by 2027 at a CAGR of around 4.8%.

Decorative Laminate is laminated products primarily used for wall paneling or furniture surface materials as it is available in various colors and texture. Low and high-pressure laminate are two manufacturing processes, differentiate by the pressure applied in the pressing process. Water resistance, durable, various variety, microbe resistance, easy to maintain, and customizable are some benefits offered by decorative laminate, results in gaining popularity for decorating commercial and residential space. It is commonly used for surface kitchen counters, tabletops, and cabinetry because of its benefits offered. Depending upon the type of product or manufacturing process, laminates are available in different specifications based on material, thickness, patterns, texture, and many more.

Decorative Laminate Market: Drivers & Challenges

Market Driver:

Growing Construction Industry

According to the United States Census Bureau, in September 2019 US spent USD 1,301.8 billion on construction. Moreover, in an emerging market, the construction activities are growing rapidly owing to factors such as a stable political environment, rising disposable income, and increasing foreign direct investment. Furthermore, strong economic growth is one of the major factor in boosting construction activities. For instance, according to the International Monetary Fund (IMF), emerging markets and developing economies together registered a growth of 4.7% in 2018. Thus these factors are responsible to boost the construction in emerging markets such as India, China, Brazil, and Indonesia, and are expected to drive the decorative laminate market during the forecasted period.

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Low Installation and Maintenance Cost

Decorative laminates are produced by compressing two or more layers under pressure, resulting in impervious and high durable sheets. Additionally, decorative laminate offers benefits such as heat resistant, water resistance, stain and scratches proof making it easier to clean and take care. This has made decorative laminates more suitable for high traffic and damp areas such as tabletops and kitchens. Moreover, most of the manufacturers give a minimum warranty of around 10 years on their products which helps to avoid reinstallation cost. Thus, low maintenance and installation cost associated has is anticipated to boost the growth of the product market.

Market Restraint:

Non-Renewable and Emission of Volatile Organic Compounds (VOC)

Decorative laminates contain wood, plastics, and resins. Laminates sometimes are heavily processed and filled with chemicals. Adhesives are used in some products may be toxic. A concern with some resins is the release of formaldehyde, the volatile organic compounds (VOC) in the finished product. These releases are dangerous potential sources of cancer-causing VOCs. Materials such as wood and plastics cannot be recycled and end up dumping after use resulting in waste products harmful for the environment. Thus, the emission of VOCs and their non-renewable nature may hinder the growth of the product market.

Decorative Laminate Market: Key Segments

  • On basis of material: Wood, Plastic Resin, Paper, Plywood, and Adhesives
  • On basis of manufacturing type: High-Pressure laminate, and Low-Pressure Laminate
  • Based on application: Furniture, Wall Panels, Cabinets, Flooring, Countertops, and Others
  • Based on end-use: Commercial, Residential, and Transportation
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America with individual country-level analysis.

Decorative Laminate Market: Report Scope

The report on the decorative laminate market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Decorative Laminate Market include:

  • Greenlam Industries Limited (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Merinolaminates
  • Virgo Group
  • Cedar Decor Pvt Ltd.
  • OMNOVA Solutions Inc
  • Wilsonart LLC.
  • Abet Laminati S.p.A.
  • Archidply
  • Steelcase Inc.
  • Stylam Pvt. Ltd
  • Other Key Companies

Decorative Laminate Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Decorative Laminate Market, by Material

  • Wood
    • Particleboard
    • Medium Density Board
    • Hardboard
  • Plastic Resin
    • Phenolic Resin
    • Melamine Resin
  • Paper
    • Saturating Kraft Paper
    • Decorative Paper
    • Vinyl Film
  • Plywood
  • Adhesives
    • Phe
  • Others

Decorative Laminate Market, by Manufacturing Type

  • Low-Pressure Laminate
  • High-Pressure Laminate

Decorative Laminate Market, by Application

  • Furniture
  • Wall Panels
  • Cabinets
  • Flooring
  • Countertops
  • Others

Decorative Laminate Market, by End-user

  • Commercial
    • Office building
    • Retail Building
    • Industrial Building
  • Residential
    • Individual Houses
    • Apartments
    • Hotels
    • Others
  • Transportation
    • Air Crafts
    • Luxury Cars
    • Ships
    • Others

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Decorative Laminate Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Construction Industry
      2. Low Installation and Maintenance Cost
    3. Restraint
      1. Non-Renewable and Emission of Volatile Organic Compounds (VOC)
    4. Opportunities
      1. Manufacturing of Eco-Friendly Laminates
    5. Challenges
      1. Inconsistent Raw Material Prices
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL DECORATIVE LAMINATE MARKET BY MATERIAL, Market Size in USD Million & Million Square Meter (2019-2027)
    1. Introduction
    2. Wood
      1. Particleboard
      2. Medium Density Board
      3. Hardboard
    3. Plastic Resin
      1. Phenolic Resin
      2. Melamine Resin
    4. Paper
      1. Saturating Kraft Paper
      2. Decorative Paper
      3. Vinyl Film
    5. Plywood
    6. Adhesives
  7. GLOBAL DECORATIVE LAMINATE MARKET BY MANUFACTURING TYPE, Market Size in USD Million & Million Square Meter (2019-2027)
    1. Introduction
    2. Low Pressure Laminate
    3. High Pressure Laminate
  8. GLOBAL DECORATIVE LAMINATE MARKET BY APPLICATION, Market Size in USD Million & Million Square Meter (2019-2027)
    1. Introduction
    2. Furniture
    3. Wall Panels
    4. Cabinets
    5. Flooring
    6. Countertops
    7. Others
  9. GLOBAL DECORATIVE LAMINATE MARKET BY END-USER, Market Size in USD Million & Million Square Meter (2019-2027)
    1. Introduction
    2. Commercial
      1. Office building
      2. Retail Building
      3. Industrial Building
    3. Residential
      1. Individual Houses
      2. Apartments
      3. Hotels
      4. Others
    4. Transportation
      1. Air Crafts
      2. Luxury Cars
      3. Ships
      4. Others
    5. Others
  1. GLOBAL DECORATIVE LAMINATE MARKET BY REGION, Market Size in USD Million & Million Square Meter (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Philippines
      6. Vietnam
      7. Indonesia
      8. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  2. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  3. COMPANY PROFILES
    1. Cargill, Incorporated
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. ADM
    3. Tate & Lyle
    4. BENEO
    5. NEXIRA
    6. Roquette Frères
    7. COSUCRA
    8. HERBAFOOD INGREDIENTS GmbH
    9. Kerry Inc.
    10. Tereos
    11. Other Key Companies
  4. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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November 6, 2020, 12:49
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