Decorative Laminates Market Projected to Reach $9.64 Billion by 2032, Growing at a CAGR of 3.4%

Decorative laminates are pretended custom-made surfaces gathered with exceptional decorative kraft paper to produce alluring surfaces. It is one of the most selected substances used to expand appeal and materialize several applications involving kitchen surfaces, cupboards, furniture, wall panels, ceilings, doors, and floors. The decorative laminates assist in reviving any décor substance-promoting attributes such as multi-proof, anti-bacterial, scratch-proof, and influence-proof. The high-pressure laminates are abrasion and moisture-proof and perfect for embellishing home furniture and commercial commodities involving shelves, doors, table tops, worktops, counters, office partitions, and so on.

Key Stats

• The global decorative laminates market was valued at USD 7.11 billion in 2023.
• The industry is expected to grow at a CAGR of 3.4% during the forecast period.
• By 2032, the market is expected to reach USD 9.64 billion.

Growth Drivers and Opportunities

The escalating consumer engrossment in buying commodities and raw materials to improve their accommodation appeal and because of their possibility to modify the viewpoint of houses and offices into a pleasing environment is pushing the decorative laminates market forward.

Furthermore, the notable boost in demand for decorative laminates is crucially demanding the requirement for greatly executing inflexible, and dependable raw materials in the market. This is sanctioning raw materials suppliers to push their production and research inventions to encounter the manifold requirements of the market.

Top Companies

The market is moderately splintered. This is anticipated to catalog average to elevated contention with increasing funding in the advancement of contemporary decorative laminates. Leaders in the decorative laminates market are enumerated as follows:

• Abet Laminati SpA (Italy)
• Airolam Decorative Laminates (India)
• Archidply (India)
• Bell Laminates (India)
• Broadview Holding (Netherlands)
• FunderMax (Austria)
• Greenlam Industries Limited (India)
• Merino Laminates Ltd (India)
• OMNOVA North America Inc (US)
• STYLAM INDUSTRIES LIMITED (India)
• Wilsonart LLC (US)

Regional Analysis:

Decorative Laminates Market, Regional Outlook (Revenue – USD Billion, 2019-2032)

• North America
  • Product Outlook
    • High Pressure Laminates
    • Low Pressure Laminates
  • Application Outlook
    • Furniture
    • Cabinets
    • Flooring
    • Wall Panels
    • Others
  • End-User Outlook
    • Residential
    • Non-Residential
    • Transportation
  • Raw Material Outlook
    • Plastic Resin
    • Overlays
    • Adhesives
    • Wood Substrate
    • Others

In 2023, the North American region held a dominant position in the global market due to escalated business augmentation ventures of the market players to escalate their brand participation and augment their production potential with the growing consumer demand.

Asia Pacific is anticipated to develop at the quickest rate in the market over the forecast period due to escalating consumer disbursement in interior design. The growing obtainability of cheap decorative laminates is offering contemporary demand possibilities for the market.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:

https://www.polarismarketresearch.com/industry-analysis/decorative-laminates-market

Decorative Laminates Market Recent Developments:

1. Genesis Products Acquires Funder America (January 2023)
   Genesis Products announced the acquisition of Funder America to expand its production capacity. This strategic move was driven by the growing market demand for laminated panels and components across North America, positioning Genesis Products to better serve its customers and capitalize on market growth opportunities.

The increasing demand for premium housing in the market, coupled with growing consumer income, is showing demand for decorative laminates. As more people focus on upgrading home interiors, this is significantly supporting the need for decorative laminates in the global market.

Table of Contents

1. 1. Introduction
      1. Report Description
         1. Objectives of the Study
         2. Market Scope
         3. Assumptions
      2. Stakeholders
   2. Executive Summary
      1. Market Highlights
   3. Research Methodology
      1. Overview
         1. Data Mining
      2. Data Sources
         1. Primary Sources
         2. Secondary Sources
   4. Global Decorative Laminates Market Insights
      1. Decorative Laminates – Industry Snapshot
      2. Decorative Laminates Market Dynamics
         1. Drivers and Opportunities
            1. Growing production of new decorative laminates
            2. Rising availability of effective raw materials
         2. Restraints and Challenges
            1. Unstable raw material prices are likely to impede market growth
      3. Porter’s Five Forces Analysis
         1. Bargaining Power of Suppliers (Moderate)
         2. Threats of New Entrants: (Low)
         3. Bargaining Power of Buyers (Moderate)
         4. Threat of Substitute (Moderate)
         5. Rivalry among existing firms (High)
      4. PESTLE Analysis
      5. Decorative Laminates Industry Trends
      6. Value Chain Analysis
      7. COVID-19 Impact Analysis