According to a research report published by Spherical Insights & Consulting, the Global Decorative Laminates Market Size is Expected to Grow from USD 8.39 Billion in 2023 to USD 11.58 Billion by 2033, at a CAGR of 3.27% during the forecast period 2023-2033.

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Decorative laminates are strong and adaptable laminate products that can be used for furniture surfaces and wall paneling in both residential and commercial settings. They improve the look of surfaces such as cabinets, walls, and furniture. High-quality paper and resins are combined to create the hard, brittle sheets known as decorative laminates, which are then pressed using sophisticated technology. To improve surface attractiveness, they are frequently used in furniture tops, kitchen tops, countertops, cabinets, tabletops, walls, doors, and interior structures. They come in a broad variety of colors, design patterns, and textures. Urbanization, the work-from-home culture, and the rise in both residential and non-residential buildings have all contributed to an increase in the demand for furniture. Both interior and exterior walls are covered with decorative laminates, especially high-pressure laminates, which have the potential to bring in a substantial sum of money. The expansion of decorative laminates is driven by customer interest, increased demand for home and office improvements, and the rise in nuclear families. The market for decorative laminates has been significantly influenced by the Make in India initiative. This initiative was intended to make India a global center for manufacturing to draw in investments and promote innovation. As a result, decorative laminates are now more in demand in both residential and commercial construction. However, transportation problems, labor shortages, and supply chain disruptions are lowering the production of decorative laminates, which raises prices for end users globally.

Browse key industry insights spread across 230 pages with 120 Market data tables and figures & charts from the report on the Global Decorative Laminates Market Size, Share, and COVID-19 Impact Analysis, By Product (High Pressure Laminates and Low-Pressure Laminates), By Application (Furniture, Flooring, Wall, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033. 

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The high pressure laminates segment is predicted to hold the highest market share through the forecast period.

Based on the product, the decorative laminates market is classified into high pressure laminates and low pressure laminates. Among these, the high pressure laminates segment is predicted to hold the highest market share through the forecast period. The improved functional qualities of high-pressure laminates, such as their chemical, anti-microbial, and scratch resistance, make them highly desirable for healthcare environments where infection control and hygiene are crucial.

The furniture segment is anticipated to hold the highest market share during the projected timeframe. 

Based on the application, the decorative laminates market is divided into furniture, flooring, wall, and others. Among these, the furniture segment is anticipated to hold the highest market share during the projected timeframe. Decorative laminates are increasingly being used to enhance the visual appeal of wooden furniture due to the increasing demand for interior design in households and retailers.

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North America is estimated to hold the largest share of the decorative laminates market over the forecast period.

North America is estimated to hold the largest share of the decorative laminates market over the forecast period. As evidenced by North American Specialty Laminations’ acquisition of Diversified Manufacturing in March 2023, market participants are growing to increase manufacturing capacity and brand awareness in response to growing consumer demand.

Asia Pacific is predicted to have the fastest CAGR growth in the decorative laminates market over the forecast period. The expanding residential sector and rising disposable income in developing nations are anticipated to have an impact on the decorative laminates market in Asia Pacific.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the decorative laminates market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major key players in the decorative laminates market include Sekisui Chemical, Kronospan Holdings, SierraPine, Omnova Solutions, FunderMax, Airolam decorative laminates, Archidply, Aica Kogyo Co., Ltd., OMNOVA Solutions Inc., Stylam Industries Ltd., Wilsonart LLC, Abet Laminati SpA, Panolam Industries International, Inc., Witex Flooring Products GmbH, and Others.

Recent Development

• In June 2024, The Abet Laminati decorative panels by Alessandro Mendini were featured in the “Io sono un drago” program. “Alessandro Mendini’s True Story” at the Milanese Triennale.
• In November 2023, to satisfy the demands of its customers, EGGER UK has declared its intention to create a much-anticipated global collection that features luxurious matt textures, tactile material accents, and modern uni colors.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the decorative laminates market based on the below-mentioned segments:

Global Decorative Laminates Market, By Product

• High Pressure Laminates
• Low Pressure Laminates

Global Decorative Laminates Market, By Application

• Furniture
• Flooring
• Wall
• Others

Global Decorative Laminates Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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