IMARC Group, a leading market research company, has recently releases report titled “Decorative Laminates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global decorative laminates market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Decorative Laminates Market?

Report AttributesDetails
Market Size in 2022US$ 43.6 Billion
Market Forecast in 2028US$ 56.1 Billion
Growth rate (2023 to 2028)CAGR of 3.9%
Base Year of the Analysis2022
Forecast Period2023-2028

What are Decorative Laminates?

Decorative laminates are a type of surfacing material used in various applications, known for their aesthetic appeal, durability, and versatility. They are composed of multiple layers of kraft paper soaked in resin, with a decorative paper layer on top, all fused together under high pressure and temperature. The result is a thin but sturdy sheet that can be applied to different surfaces to enhance their appearance and provide protection. The key characteristics of decorative laminates include their resistance to scratches, impact, moisture, and heat. They are easy to clean and maintain, thereby making them suitable for both residential and commercial spaces. These laminates come in a wide range of colours, patterns, and textures, thus allowing for creative design possibilities. The features of decorative laminates make them highly desirable for applications, such as interior decoration, furniture manufacturing, wall panelling, and flooring.

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What Are the Growth Prospects and Trends in the Decorative Laminates Market?

The increasing demand for aesthetically pleasing interiors across both the residential and commercial sectors represents one of the key factors influencing the market growth of decorative laminates. In line with this, expansion in the construction and real estate sectors is facilitating the demand for interior surfacing materials, thus contributing to the market growth. Moreover, significant advancements in manufacturing technologies allows for a wider range of design options and customization, which is contributing to the market growth. Besides this, rising consumer preference for cost-effective alternatives to natural materials like wood, stone, and metal and the ease of installation and maintenance, providing time and cost savings is fostering the growth of the market.  Furthermore, favorable properties of decorative laminates, including durability and resistance to scratches, impact, moisture, and heat, ensure long-lasting performance. This, coupled with the rising trend of interior refurbishment and remodelling activities is propelling the market growth significantly. The expansion of the education sector is leading to a higher demand for durable and visually appealing surfacing materials in schools and universities, which is contributing to the market growth. In addition to this, the introduction of sustainable manufacturing practices and the easy availability of eco-friendly laminates is acting as a major growth-inducing factor. This, along with the rising environmental consciousness among individuals is driving the market toward growth. The market is also being driven by the advent and the rising demand for digital printing, which enables realistic and high-definition designs on laminates and the availability of a wide range of colours, patterns, and textures, enabling versatile design options. The shifting consumer preferences toward modern and contemporary interior design styles and increasing awareness regarding the benefits of laminates, such as their resistance to staining, fading, and chemicals are facilitating the product demand, thus contributing to the market growth. Other factors, such rising consumer expenditure capacities and increasing disposable income levels, rapid urbanization and infrastructural development, especially in the emerging economies, and the escalating demand for ready to assemble (RTA) flooring, furniture, and cabinets, are creating a positive outlook for the market further across the globe.

Who Are the Key Players Operating in the Decorative Laminates Industry?

The competitive landscape of the industry has also been examined with some of the key players.

  • Abet Laminati S.p.A
  • Archidply
  • Century Laminates
  • Fletcher Building
  • FunderMax Gmbh
  • Greenlam Industries Limited
  • Merino Laminates Ltd.
  • Omnova Solutions Inc.
  • Panolam Industries International
  • Stylam Pvt. Ltd.
  • Wilsonart LLC.

What is Included in Market Segmentation?

The report has categorized the market based on product type, application, end-use, texture, pricing and sector.

Breakup by Product Type:

  • High Pressure Laminates
  • Low Pressure Laminates

Breakup by Application:

  • Furniture and Cabinets
  • Flooring
  • Wall Panels
  • Others

Breakup by End-Use:

  • Non-Residential
  • Residential
  • Transportation

Breakup by Texture

  • Matte/Suede
  • Glossy

Breakup by Pricing

  • Premium
  • Mass

Breakup by Sector

  • Organised
  • Unorganised

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of the Report:  

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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