Decorative Laminates Market
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<strong>Decorative</strong> <strong>Laminates</strong> <strong>Market</strong> to Reach US$ 95 Bn by 2025<br />
In terms of volume, the global decorative laminates market is expected to expand at a CAGR of<br />
4.7% during the forecast period 2017-2025. According to a new report published by Persistence<br />
<strong>Market</strong> Research titled “<strong>Decorative</strong> <strong>Laminates</strong> <strong>Market</strong>: Global Industry Analysis (2012-2016) and<br />
Forecast (2017-2025),” manufacturers of decorative laminates are focusing on the introduction of<br />
new application specific product offerings in order to better address the specific requirements of<br />
customers. Moreover, market players are found to be channelizing efforts towards strengthening<br />
their distribution channels along with focusing on direct sales. Among the regional markets, the<br />
Asia Pacific market is expected to account for a substantial value share in the global decorative<br />
laminates market owing to the rising construction activities in the residential sector across the<br />
region. Global sales of decorative laminates is estimated to be valued at about US$ 64 Bn in 2017<br />
and this is projected to increase to about US$ 95 Bn by the end of 2025.<br />
Report overview @ https://www.persistencemarketresearch.com/market-research/decorativelaminates-market.asp<br />
Global <strong>Decorative</strong> <strong>Laminates</strong> <strong>Market</strong>: Factors Boosting Revenue Growth<br />
Housing market recovery and new construction projects mushrooming across the globe<br />
A rapidly growing ready-to-assemble furniture market<br />
Growing demand for laminate flooring in the global market<br />
Rising per capita expenditure on furniture and flooring<br />
Increasing expenditure on construction activities across the globe<br />
Growing urbanization leading to new construction activities particularly in the residential sector<br />
Global <strong>Decorative</strong> <strong>Laminates</strong> <strong>Market</strong>: Forecast by Product Type<br />
On the basis of product type, the global market for decorative laminates is segmented into low<br />
pressure laminates, high pressure laminates, and edge banding. Low pressure laminates is further<br />
sub-segmented into paper and films & foils. In terms of value, the low pressure laminates segment<br />
is expected to lose 100 BPS in 2025 as compared to 2017 and is projected to expand at a CAGR of<br />
4.9% during the forecast period. The paper sub-segment is expected to gain 170 BPS in 2025 as<br />
compared to 2017 and is anticipated to expand at a CAGR of 5.2% over the forecast period. The<br />
low pressure laminates segment is expected to remain lucrative and dominate global market demand<br />
during the forecast period.<br />
Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/3502<br />
Global <strong>Decorative</strong> <strong>Laminates</strong> <strong>Market</strong>: Forecast by Application<br />
Application segments include furniture and cabinets, flooring, wall panel and others. The furniture<br />
& cabinets and flooring segments are expected to dominate the global market owing to an<br />
anticipated steady growth in demand for decorative laminates across these end use applications.<br />
Asia Pacific, Europe and North America regions are projected to be the major contributors to the<br />
growth of the global decorative laminates market throughout the forecast period. Modernization of<br />
infrastructure and growth in construction and infrastructure industry are the two factors anticipated<br />
to drive market demand for decorative laminates in the Asia Pacific region, while rapid growth in<br />
the construction sector in the U.S. – especially in the housing sector – is anticipated to bolster the
demand for decorative laminates in North America. The Asia Pacific decorative laminates market is<br />
projected to hold more than half the global market value share by 2025.<br />
Get Full Report now @ https://www.persistencemarketresearch.com/checkout/3502<br />
Global <strong>Decorative</strong> <strong>Laminates</strong> <strong>Market</strong>: Key Players<br />
Fletcher Building Limited, Omnova Solution Inc., Greenlam Industries Ltd., Merino Group, Illinois<br />
Tool Works, Inc., Abet Laminati S.P.A., Archidply Industries Ltd., Fundermax GmbH, Panolam<br />
Industries International, Inc., and Stylam Industries Ltd. are some of the key players profiled in this<br />
report.<br />
About Us<br />
Persistence <strong>Market</strong> Research (PMR) is a third-platform research firm. Our research model is a<br />
unique collaboration of data analytics and market research methodology to help businesses achieve<br />
optimal performance.To support companies in overcoming complex business challenges, we follow<br />
a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional<br />
sources. By deploying real-time data collection, big data, and customer experience analytics, we<br />
deliver business intelligence for organizations of all sizes.<br />
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