Decorative Laminates Market Overview, Share and Competitive Landscape till 2023
The global Decorative Laminates Market is expected to display higher growth rate over the next seven years. The market is subject to witness a substantial growth due to the growing construction activities, rapid urbanization, increasing population and growing infrastructural spending by both developing and developed economies across the globe. Growing constructional activities like in shopping malls and business parks the developing economies across the Asia Pacific region such as India, China, Malaysia, Thailand and Singapore are expected drive the growth of decorative laminates market in the upcoming years.
The global Decorative Laminates Market is expected to display higher growth rate over the next seven years. The market is subject to witness a substantial growth due to the growing construction activities, rapid urbanization, increasing population and growing infrastructural spending by both developing and developed economies across the globe. Growing constructional activities like in shopping malls and business parks the developing economies across the Asia Pacific region such as India, China, Malaysia, Thailand and Singapore are expected drive the growth of decorative laminates market in the upcoming years.
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<strong>Decorative</strong> <strong>Laminates</strong> <strong>Market</strong> <strong>Overview</strong>,<br />
<strong>Share</strong> <strong>and</strong> <strong>Competitive</strong> L<strong>and</strong>scape <strong>till</strong><br />
<strong>2023</strong><br />
“The market is subject to witness a substantial growth due to<br />
the growing construction activities, rapid urbanization,<br />
increasing population <strong>and</strong> growing infrastructural spending by<br />
both developing <strong>and</strong> developed economies across the globe.”<br />
The global <strong>Decorative</strong> <strong>Laminates</strong> <strong>Market</strong> is expected to display higher growth rate over the next seven years. The<br />
market is subject to witness a substantial growth due to the growing construction activities, rapid urbanization, increasing<br />
population <strong>and</strong> growing infrastructural spending by both developing <strong>and</strong> developed economies across the globe.<br />
Growing constructional activities like in shopping malls <strong>and</strong> business parks the developing economies across the Asia<br />
Pacific region such as India, China, Malaysia, Thail<strong>and</strong> <strong>and</strong> Singapore are expected drive the growth of decorative<br />
laminates market in the upcoming years.<br />
Growing dem<strong>and</strong> of decorative laminates from housing market is credited to booming buildings & construction industry,<br />
thus driving market growth over the forecast period. Additionally, increasing benefits of decorative laminates over<br />
traditional materials such as metal, wood, <strong>and</strong> plastic are expected to fuel the growth of the market in upcoming years.<br />
Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities<br />
for market players to invest for research <strong>and</strong> development in the decorative laminates market.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/decorative-laminates-market<br />
Increasing dem<strong>and</strong> for decorative laminates from building & construction industry owing to benefits associated with its<br />
use such as higher durability <strong>and</strong> attractive appearances of the surfaces are expected to influence market growth over<br />
the forecast period. Additionally, decorative laminates also provides protection against harsh weather <strong>and</strong> external<br />
environmental factors such as ultra-violet radiation, high temperatures, acid rain, <strong>and</strong> pollution particles. These factors<br />
are predicted to boost market dem<strong>and</strong> for decorative laminates during the forecast period.
Growing popularity of decorative laminates in marine applications to build decks, rooftops <strong>and</strong> doors are anticipated to<br />
boost market growth. Increasing adoption of decorative laminates in manufacturing of structural panels is likely to drive<br />
market expansion. Increasing infrastructural activities in developing economies across the globe are major drivers for<br />
sustained growth of the market, in the last few years. Furthermore, rise in the per capita income <strong>and</strong> surging economic<br />
condition in BRICS economies such as India, Brazil <strong>and</strong> China are predicted to fuel market growth in near future.<br />
Easy availability of raw materials required to manufacture decorative laminates, particularly in regions where forest<br />
resources <strong>and</strong> wood plantations are in abundant amount, are offering lucrative growth opportunities for market players<br />
in the decorative laminates industry. Moreover, substantial investment by market players in development of innovative<br />
products to gain a competitive edge coupled with mergers, acquisitions <strong>and</strong> partnerships for vertical integration are<br />
driving growth of the market, in the recent years.<br />
The market is broadly categorized into two major segments based on the application type such as residential sector <strong>and</strong><br />
non-residential sector. The non-residential sector is considered as one of the fastest growing segment in the market with<br />
substantial revenue generation in the last few years. Growing popularity of decorative laminates in the non-residential<br />
segment is attributed to the increasing dem<strong>and</strong> from restaurants, laboratories, educational institutes, office furniture,<br />
hospital, hotels, <strong>and</strong> retail shops. The residential segment has also witnessed substantial growth owing to the improved<br />
living st<strong>and</strong>ards <strong>and</strong> rising per capita income.<br />
The market is divided by region as North America, Europe, Asia-Pacific, Latin America <strong>and</strong> Africa. North America has<br />
shown major growth in recent years owing to the rise in the implementation of latest technologies home décor industry,<br />
increase in the number of research & development activities in the region <strong>and</strong> existence of well-established industrial<br />
infrastructure.<br />
Asia-Pacific region is predicted to hold major market share in the decorative laminates market with massive growth in<br />
forecast period. Countries such as India, China <strong>and</strong> Singapore are leading the Asia-Pacific market with robust growth<br />
home décor industry, increasing building & construction activities, rising per capita income, improved living st<strong>and</strong>ards,<br />
<strong>and</strong> significant investment by leading industry players considering potential growth opportunities in the region.<br />
The key players in the decorative laminates market are Fletcher Building Ltd., Omnova Solutions Inc., Greenlam<br />
Industries Ltd., Merino Group (India), Wilsonart International Inc., Abet Laminati S.p.A., Archidply Industries Ltd.,<br />
FunderMax GmbH, Panolam Industries International, Inc., <strong>and</strong> Stylam Industries Ltd.<br />
Get a Sample Copy of This Report @<br />
https://www.millioninsights.com/industry-reports/decorative-laminates-market/request-sample<br />
<strong>Market</strong> Segment:<br />
Report contents include<br />
• Analysis of the decorative laminates market including revenues, future growth, market outlook<br />
• Historical data <strong>and</strong> forecast<br />
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.<br />
• Profiles on decorative laminates including products, sales/revenues, <strong>and</strong> market position<br />
• <strong>Market</strong> structure, market drivers <strong>and</strong> restraints.<br />
Key regions<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Middle East <strong>and</strong> Africa<br />
• South America<br />
Key Vendors<br />
• Wilsonart<br />
• FRiTZ EGGER<br />
• Broadview Holding<br />
• Fletcher Building<br />
• Arclin<br />
• Funder America<br />
• OMNOVA Solutions incorporation<br />
• Panolam industries internationals<br />
• request free sample to get a complete list of companies<br />
See More Reports of This Category by Million Insights @<br />
https://www.millioninsights.com/industry/chemicals-<strong>and</strong>-materials
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