Decorative Laminates Market to Signify Strong Growth by 2024-2031

The global decorative laminates market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. Decorative laminates have become a growing application in commercial spaces due to their durability, versatility, and aesthetic appeal. In modern office spaces, decorative laminates are commonly used as a surfacing material for office furniture such as desks, tables, and cabinets. The durability of the laminates means that they can withstand heavy use and are easy to clean, making them ideal for busy work environments. Retail spaces also use decorative laminates as a surfacing material for shelves, counters, and displays. They can be custom-made to match the branding and aesthetic of the store, and their durability makes them suitable for high-traffic areas. 

In restaurants, decorative laminates are a popular choice for tables, bar tops, and other surfaces. They are easy to clean and can be produced in a variety of designs, allowing restaurants to create a unique and inviting atmosphere. Thus, the market players are coming up with new launches and solutions to meet industry-specific demand. For instance, in July 2019, Panolam launched the healthcare collection, a line of technically innovative and design-driven high-pressure laminate products from the company’s Pionite, Nevamar, and Inspira lines. The healthcare collection features smaller-scaled abstract design components and neutral-colored patterns that improve the surroundings healthcare environment. 

Also, the expansion of market players over different regions to increase the consumer base of the company is anticipated to drive the global demand for decorative laminates. For instance, in May 2021, Wilsonart acquired Flagg Incorporated, a leading wholesale distributor of decorative laminates to the building and remodeling industry. Flagg, based in Cincinnati, distributes supplies and services for the cabinet-making industry, including engineered decorative laminates, boards, hardware, and components. By expanding Wilsonart's footprint in the Midwest, this strategic acquisition represents significant growth potential for the company.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Product Type
• By Application
• By End-Use

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World
  • Competitive Landscape- including Greenlam Industries Ltd., Merino Laminates Ltd., OMNOVA Solutions Inc., FunderMax, and Wilsonart LLC among others.

Decorative Laminates Market Report Segment

By Product Type

• High Pressure Laminates
• Low Pressure Laminates

By Application

• Walls
• Flooring
• Furniture
• Cabinets

By End-Use

• Residential
• Commercial

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Decorative Laminates Market Report Segment by Region

North America                                                                                                           

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles 

• Abet Laminati S.p.A.
• AICA Laminates India Pvt. Ltd.
• Airolam decorative laminates
• Archidply
• Bell Laminates
• Broadview Holding (Formica Group)
• Fletcher Building
• FunderMax
• Greenlam Industries Ltd.
• Kronoplus Ltd.
• Merino Laminates Ltd
• OMNOVA Solutions Inc.
• Panolam Industries International, Inc.
• Stylam Pvt. Ltd.
• Wilsonart LLC.

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