Recovery in Construction Activity Drives the Global Decorative Laminates Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Decorative Laminates markets. Global market for Decorative Laminates is forecast to reach US$42.3 billion by 2020, driven by recovering construction activity, growing home improvement activity, and increasing demand for upgrades in non-residential construction sector.

Decorative Laminates: A Global Strategic Business Report

Follow us on LinkedIn – Decorative laminates are machine glazed sheets of paper/plastic that find use in embellishing surfaces from kitchens to commercial offices/hotels to automobiles. Easy to clean and resistant to host of external factors such as scratches, abrasion, impact, chemicals, light and dirt, decorative laminates represent a highly versatile decorative surface material. Major applications include living rooms furnishings, office room furnishings, bathroom, kitchens, wall coverings, interior finishes, and façade coverings. Low cost of installation and maintenance when compared to wood flooring, along with availability in a wide range of colors, designs and textures are major factors driving the ornamental value of decorative laminates.

Recovering construction activity worldwide represents the primary growth driver for the market in the present environment. Growing interest in home remodeling and refurbishments, and rising demand for upgrades in non-residential market are driving growth in demand for various building components such as cabinets that employ decorative laminates as surfaces. Stringent regulations calling for mandatory renovations of ageing buildings, both residential and commercial, will also drive demand for building materials such as decorative laminates. Growing competition from alternate materials will however emerge as a key challenge to growth in the coming years.

Technical and aesthetic advancements are helping laminates meet unique application requirements. Manufacturing techniques are undergoing refining changes to support new emerging patterns and designs such as three-dimensional surfaces, metal surfaces, and gloss. Thermally fused melamine and vinyls are enhancing the usage of low-pressure laminates in horizontal applications, currently the domain of High Pressure Laminates. In edgebandings, higher efficiency and durability are driving the adoption of plastic edgebandings over paper edgebandings in developed markets.

As stated by the new market research report on Decorative Laminates, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.4% over the analysis period. Steady economic growth, rising standards of living, expanding middle-class, increasing disposable income, expanding urban settlements, and increased lifestyle spending on furniture, home accessories and furnishings, represent key growth drivers in the region. Low Pressure Laminates represents the largest product market in the decorative laminates market.

Key players covered in the report include Advanced Technology Inc., Armstrong World Industries Inc., Arpa Industriale S.p.A., BerryAlloc, Formica Group, FunderMax, Kingboard Laminates Holdings Limited, Kronotex GmbH & Co. KG, Kronospan Holdings Limited, Laminex Group Pty Limited, Mohawk Industries Inc., OMNOVA Solutions Inc., Panolam Industries International Inc., Shaw Industries Group Inc., Uniboard Canada Inc., Wilsonart International, and Witex Flooring Products GmbH, among others.

The research report titled “Decorative Laminates: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in terms of value for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Low Pressure Laminates (Saturated Papers, Papers (Low Basis Weight), Decorative Foils and Vinyls), High Pressure Laminates and Edgebanding. End-use segments analyzed include Cabinets, Furniture, Floorings, Store Fixtures, Wall Panels, and Others.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Decorative_Laminates_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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