Decorative laminates market size is estimated to surpass 12 billion square meters by 2023, growing at more than 5.5% CAGR from 2016 to 2023. Decorative laminates market share is fragmented, key players include FunderMax, Formica, Kingboard Holdings, Kronospan Holdings, Ronotex, Armstrong World Industries, Advanced Technology, Roseburg Forest Products, SierraPine, Sekisui Chemical, Tarkett SA, Timber Products, Woodcraft Industries, Wilsonart International, and Omnova Solutions.

1. 1 | P a g e
Decorative laminates market size is growing at more than
5.5% CAGR from 2016 to 2023: Global Market Insights,
Inc.
Decorative laminates market size is estimated to surpass 12 billion square meters by 2023,
growing at more than 5.5% CAGR from 2016 to 2023.
Asia Pacific decorative laminates market size was the largest, and accounted for over 46% of
the global revenue in 2015. China was the major producer of ready to assemble and
laminated flooring, with more than 30% of the total demand in the same year. Increase in
purchasing power coupled with growth in residential and non residential construction
spending in Indonesia and India are likely to boost regional demand.
As per the National Bureau of Statistics, China’s urban household’s annual per capita
disposable income was more than USD 4,400 in 2015. India’s annual disposable income was
over 1,600 billion in 2015. Rise in disposable income is likely to positively influence
customers to spend on home decor, furniture, and furnishings.
Presence of numerous companies accompanied by increase in low priced substitute
products is anticipated to adversely affect the decorative laminate market price trend.

2. 2 | P a g e
Decorative laminates market share is fragmented, key players include FunderMax,
Formica, Kingboard Holdings, Kronospan Holdings, Ronotex, Armstrong World Industries,
Advanced Technology, Roseburg Forest Products, SierraPine, Sekisui Chemical, Tarkett SA,
Timber Products, Woodcraft Industries, Wilsonart International, and Omnova Solutions.
Europe is expected to witness significant growth owing to large presence of laminate
flooring and furniture manufacturers. The UK government is estimated to invest around USD
80 billion for infrastructure development in the near future which is likely to propel regional
decorative laminates market size.
Rapid industrialization and increasing trend for customized and attractive interior in homes
and offices is anticipated to fuel the North America decorative laminates demand. Middle
East & Africa (MEA) is likely to be an attractive region owing to expansion in hotels and real
estate industry in South Africa and UAE.
Decorative laminates is an attractive and safe way to keep the interior beautiful and to
protect furniture from wear and tear, scratching, and fire risk. These products also help to
increase the surfaces’ life span and provide them an eye-catching finish. In order to
establish presence in various industries, it comes in wide range of designs, textures, and
colors to serve different purposes. Tissue paper, kraft paper, base paper, methanol,
melamine, formaldehyde, and phenol are some of the raw materials required to
manufacture these products.
Industries including hotels, hospitals, offices, shopping malls, airports and colleges are likely
to fuel demand for flooring and wall panels owing to presence of variety of designs, textures
and colors. Flooring and ready to assemble furniture production was dominated by China,
due to expansion in manufacturing capacity and raw material availability.
Increase in decorative interior demand from convention centers, gyms, and indoor sports
clubs are likely to create room for new opportunities. Rising trend for better lifestyle and
increasing interest in home interior and remodeling are anticipated to be among the key
driving factors to drive demand.
Request Details from This Industry Report@
https://www.gminsights.com/request-toc/upcoming/376
Source Report:
https://www.gminsights.com/industry-analysis/decorative-laminates-market

3. 3 | P a g e
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research reports offer
clients with penetrative insights and actionable market data specially designed and presented
to aid strategic decision making. These exhaustive reports are designed via a proprietary
research methodology and are available for key industries such as chemicals, advanced
materials, technology, renewable energy and biotechnology.
Jack Davis
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1 302-846-7766
Toll Free 1 888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com/
Blog: https://gminsights.wordpress.com/
About Global Market Insights
Contact Us: