Decorative Laminates Market Trends - Analysis, Comprehensive Research Study, Siz

Posted by Sapana on February 24th, 2020

Market Insight:

The market potential for decorative laminates has developed rapidly in the past few years to an excellent level. Market Research Future which concentrates on market reports associated to the construction sector amongst others lately published a report on this industry. The industry for laminates is anticipated to showcase a period of unfaltering growth with an enviable CAGR per cent in the forecast period.

Laminates are considered a cost-effective option in terms of interior decoration as they are relatively easy to use and are available in a large range of varieties. Growing levels of investment in real estate have subsequently fuelled the growth in the construction sector. This trend has been extremely conducive to the growth of the industry for decorative laminates. Ever-changing consumer interests have led to the development of diverse product varieties in the market. Accelerated pace of research and development activities have led to improvement of product quality and integration of new technology process in the products.

Global Competitive Analysis

The competition in the market is increasing dramatically because of the companies trying to consolidate their market share to a considerable size. Through useful employment of their chief resources, growth changes can be initiated.  The positive growth attitude in the market has enabled trends which will positively lead to the development of the market and are markedly volume driven. An improvement in product forms and the sector’s substantial revolution owing to the fast growth pace has led to utilization of many plus points. The industry’s long term growth can be ensured by constantly ensuring continuing process developments and supporting financial fluidity to expend on the best strategies when they are available.

  • Kronospan Holdings Limited
  • Kingboard Laminates Holdings Limited
  • Advanced Technology Inc.
  • FunderMax
  • ronotex GmbH & Co.

Industry Updates:

Feb 2018 ATI Decorative Laminates have recently introduced more features and technology to their light-emitting and multi – layered laminate. The product called LumiSplash is one of the first ultra-thin and lighted laminates system and has no air gap required for LEDs.

Industry Segments

The market for decorative laminates is divided into certain categories. On the basis of material, the category includes vinyl, plastic, paper and others. The product segment includes low pressure laminates, high pressure laminates, and edgebanding. The application category includes non-residential construction and residential construction

Detailed Regional Analysis

The geographical spread of the Decorative Laminates Market Trends includes Europe,Latin America, Asia Pacific, North America, and the Middle East & Africa The market is growing rapidly on the global stage owing to the factors such as bigger construction activities. The APAC region is anticipated to continue its lead as the major market owing to the development in the construction industry and shifting lifestyle trends along with the inclination of the people. The growth in population levels as well as fluctuating preferences in terms of interior decoration in this region offer an enormous potential for infrastructure development. 

Dec 2017 ITC Ltd. is investing Rs 200 crore to boost the capability of its manufacturing facility for decorative paper in West Bengal. The investment is expected to boost the capacity for the manufacturing of specialized decorative paper for laminates in the factory. ITC has been in the industry for décor paper for a relatively long period of time and is now spending on this advanced technology for extending the décor paper production capability to develop its value.

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Sapana

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Sapana
Joined: March 13th, 2019
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