Global Laminate Flooring Market Trends, Share, Size and Forecast 2017-2022

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IMARC Group’s recently published report titled, “Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global laminate flooring market reached a volume more than 940 Million Sq. Metres in 2016, growing at a CAGR of 3% during 2009-2016.

To get more information about the market, please visit @ http://www.imarcgroup.com/laminate-flooring-market

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Laminate Flooring Market: Global Industry Trends, Share,

Size, Growth, Opportunity and Forecast 2017-2022

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Report Description

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Report Description and Highlights

Report Description

Global Laminate Flooring Market Driven by Flourishing Construction Industry

The various benefits of laminate flooring such as durability, affordability, and ease of installation and

maintenance have made it a popular flooring option for both commercial and residential

applications. As a result, the global laminate flooring market is currently witnessing a steady growth.

IMARC Group’s recently published report titled, “Laminate Flooring Market: Global Industry Trends,

Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global laminate flooring

market reached a volume of around 800 Million Sq. Metres in 2016, growing at a CAGR of 5.5%

during 2009-2016. Laminate flooring is used to cover the floor structure of a building and consists of

different layers that are sealed together. There are four major layers, namely, design layer, inner

core, backing layer and wear layer. The top layer is made up of melamine and aluminium oxide

which make the surface resistant to scratches and stains, and also gives a premium look to the

flooring. Easy to install and clean, laminate flooring is ideal for semi-moist areas like kitchens. Over

the years, it has gained popularity due to certain advantages over conventional flooring such as

durability, affordability and ease of maintenance.

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Report Description and Highlights

Report Description

Highlights of the global laminate flooring market:

• Rapid growth of the construction industry is the major driver for the market growth.

• The commercial sector is the biggest application segment, accounting for the majority of the

market share.

• Asia Pacific represents the largest market for laminate flooring driven by rising income levels and

urbanization.

The laminate flooring market is experiencing a healthy growth due to a rise in the construction

activities in various regions. Owing to rapid urbanization, there has been a surge in housing projects,

particularly in the developing regions, which has been driving the residential flooring market.

Increasing disposable incomes have also led to higher spending in the real-estate sector which is

rapidly fueling the industry growth. Additionally, as a result of its ability to sustain high traffic,

laminate flooring has become a preferred choice for commercial applications in sectors such as

healthcare, retail and corporate. Moreover, changing lifestyles and consumer preferences have

encouraged the manufacturers to introduce innovative and diverse designs in their product lines.

According to the report, the market is further expected to reach a volume of more than 1,000 Million

Sq. Meters by 2022.

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Report Description and Highlights

Report Description

The market has been segmented on the basis of product type covering HDF laminates and MDF

laminates. Based on the application, the commercial sector accounts for the majority of the market

share. Regionally, the global laminate flooring market has been segmented into Asia Pacific, North

America, Europe, Latin America, and Middle East and Africa. As a result of rapid urbanization and

rising income levels, Asia Pacific represents the largest market. On analysing the competitive

landscape, it is found that the major players are Mohawk Industries Inc., Tarkett, Armstrong World

Industries, Inc., Shaw Industries Inc., Mannington Mills Inc. and Beaulieu International Group.

The report by IMARC Group has examined the global laminate flooring market on the basis of:

Product type:

• HDF laminates

• MDF laminates

Sector:

• Residential

• Commercial

Region:

• Asia Pacific


Report Description and Highlights

Report Description

• North America

• Europe

• Latin America

• Middle East and Africa

Key players:

• Mohawk Industries Inc.

• Tarkett

• Armstrong World Industries Inc.

• Shaw Industries Inc.

• Mannington Mills Inc.

• Beaulieu International Group


Report Description and Highlights

Report Description

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Report Description and Highlights

Report Description

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