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
A full Report of Decorative Laminates Market is Available @ https://www.omrglobal.com/industry-reports/decorative-laminates-market
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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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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Article source: https://article-realm.com/article/Business/63471-Decorative-Laminates-Market-to-Signify-Strong-Growth-by-2024-2031.html
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