Decorative Plastics and Paper Laminatess Market Share, and Forecast to 2025
Posted by rekha on November 15th, 2019
“The Global Decorative Plastics and Paper Laminates Market growing at a significant CAGR over next seven years 2019-2025 due to rapid urbanization and increasing disposable income”
The global decorative plastics and paper laminates market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors propelling the market growth include rapid urbanization and increasing disposable income, changing lifestyle, increasing commercial spaces in developing regions, growth of furniture industry and accepting new manufacturing technologies and providing new and innovative products. In addition, high growth in emerging economies provides huge growth opportunity for the market.
Global decorative plastics and paper laminates market segmented on the basis of product, application and region.
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High Pressure Decorative Plastic and Paper Laminates Dominate the Global Decorative Plastics and Paper Laminates Market
Based on product, global decorative plastics and paper laminates market segmented into low pressure decorative plastic and paper laminates and high pressure decorative plastic and paper laminates.Activated High Pressure Decorative Plastic and Paper Laminates held considerable market share during forecast period. High Pressure Decorative Plastic and Paper Laminates involves of laminates formed and preserved at pressures not lower than 1,000 psi and more normally in the range of 1,200 to 2,000 psi. High Pressure Decorative Plastic and Paper Laminates is made of resin impregnated cellulose layers, which are consolidated under heat and high pressure.
Asia Pacific Leads the Global Decorative Plastics and Paper Laminates market
PBI’s global Decorative Plastics and Paper Laminates market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.Asia Pacific accounted for larger revenue share in global decorative plastics and paper laminates market with considerable CAGR. The growth in this region is due to growing construction industry in emerging countries like India and China and huge spending’s on infrastructure development. India and China are the major contributors for the growth of the market in this region. Also, North America held substantial market share during estimated period.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global Decorative Plastics and Paper Laminates market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Fletcher Building, OMNOVA Solutions, Greenlam Industries, Wilsonart International, ASD, Kronospan, Arpa Industriale, EGGER, Abet Laminati, Pfleiderer, Archidply Industries, Stylam Industries, Lamitech and Hopewell.
Precision Business Insights (PBI) in its report titled “Global Decorative Plastics and Paper Laminatess Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Low Pressure Decorative Plastic and Paper Laminates
o High Pressure Decorative Plastic and Paper Laminates
o North America
o Latin America
o Middle East and Africa (MEA)
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About the Authorrekha
Joined: July 26th, 2019
Articles Posted: 219
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