Global Decorative Plastic and Paper Laminates Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Decorative Plastic and Paper Laminates Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global decorative plastic and paper laminates market report has been segmented on the basis of type, application, end-user, and region.
Global Decorative Plastic and Paper Laminates Market: Overview
Decorative laminates are specially designed laminated sheets of brown craft papers and decorative printed papers. Decorative plastic and paper laminates are used in the construction of cabinets, countertops, flooring, furniture, and among other products to improve stability, strength, resilience, visual appearance and other properties. Now-a-days, demand for laminates with wide range of styles, colors, designs and textures, which are recyclable and 100% sustainable has been increasing.
Global Decorative Plastic and Paper Laminates Market: Dynamics
Increasing demand ready-to-assemble products such as furniture and cabinets, and changing preference towards laminated flooring, along with rising construction activities are some of the factors expected to bolster demand for decorative plastic and paper laminates and drives growth of the global market. Furthermore, huge potential for infrastructure development and rising demand for decorative laminates from residential and non-residential sectors, is projected to lead global market in the forecast period. Moreover, low cost of installation and maintenance of decorative laminates as well as greater preference for aesthetic appearance, are some of the other factors projected to fuel demand for the target product. In addition, increasing demand for modular kitchen, flooring, and furniture are expected to create significant growth opportunities for decorative plastic and paper laminates. Also, increasing online availability of furniture and laminate sheets at a discounted price, plays as important role for the growth of target market. Product diversification and the introduction of the new printing techniques and innovating new textures have escalated demands for these decorative products.
However, fluctuating raw material prices and high cost of high pressure decorative laminates could hamper the growth of the global decorative plastic and paper laminates market.
Global Decorative Plastic and Paper Laminates Market: Segment Analysis
Global decorative plastic and paper laminates market is segmented on the basis of type, application, end-user, and geography. By type, the global market is segmented into high pressure, low pressure, and edge banding. The Low pressure laminates segment is expected to hold significant share in the market over the forecast period.
By application, the global market is segmented into furniture, doors, flooring, wall paneling, column claddings. The furniture and flooring segment accounts for major market share in terms of revenue and is expected to maintain its dominance over the forecast period.
On the basis of end user industry, the residential segment is projected to contribute larger share in the global market.
Decorative Plastic and Paper Laminates Market: Region Analysis
The market in the Asia Pacific is projected to register fastest growth in terms of revenue during the forecast period. Growth in the construction industry and changing lifestyle & shifting preference towards decorative laminates is expected to offer growth opportunities for the target market. In addition, low manufacturing cost, increasing disposable income, industrialization, and favorable policies and plans for infrastructure development, are expected to drive growth of the target market.
Global Decorative Plastic and Paper Laminates Market Segmentation:
Segmentation by Type:
- High Pressure
- Low Pressure
- Edge Banding
Segmentation by Application:
- Wall Paneling
- Column Claddings
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Archidply Industries Ltd
- Greenlam Industries Ltd.
- Fletcher Building Limited
- Stylam Industries Ltd
- Illinois Tool Works, Inc.
- OMNOVA Solutions Inc.
- Century Plyboards (India) Limited
- Fundermax GmbH
- Abet Laminati S.p.A.
- Panolam Industries International, Inc.
- Merino Group
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