Product Code: GVR-4-68040-259-3
Decorative Laminates Market Growth & Trends:
The global decorative laminates market is anticipated to reach USD 10.34 billion by 2030 and is projected to grow at a CAGR of 2.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Decorative laminates offer a cost-effective alternative to natural materials such as wood, stone, and metal. This affordability appeals to consumers who want to achieve the look of these materials without the associated high costs. In addition, decorative laminates come in a wide range of designs, colors, and patterns, allowing consumers to customize their spaces according to their preferences and styles. This versatility makes these suitable for various applications, including furniture, countertops, wall panels, and flooring.
Furthermore, decorative laminates are known for their durability and ease of maintenance. They are resistant to scratches, stains, and fading, making them ideal for high-traffic areas in residential and commercial spaces. Their easy-to-clean nature also contributes to their popularity among consumers who seek practical and long-lasting solutions for their interior design needs especially for high-traffic areas in residential, commercial, and institutional buildings. As construction projects aim to create spaces that are both functional and visually appealing, laminates offer a practical solution for surfaces that require resistance to scratches, stains, moisture, and fading.
Growing construction industry drives the demand for decorative laminates by requiring cost-effective, durable, customizable, and sustainable interior finishing materials. As the construction industry grows, there is an increased demand for interior design and finishing materials to complete residential, commercial, and institutional buildings. Decorative laminates are versatile surfacing materials that can be used for various interior applications, including countertops, cabinetry, wall paneling, flooring, and furniture. Their wide range of designs, colors, textures, and finishes allows architects, designers, and builders to achieve specific aesthetic goals and enhance the visual appeal of interior spaces.
With increasing awareness of environmental issues, there is a growing demand for sustainable building materials in the construction industry. Many decorative laminate manufacturers prioritize sustainability by using recycled materials, eco-friendly adhesives, and energy-efficient manufacturing processes. Builders and developers seeking green building certifications such as LEED (Leadership in Energy and Environmental Design) often choose laminates that meet sustainability criteria, further driving demand for environmentally friendly products in the market.
Moreover, advancements in technology have led to improvements in the quality and performance of decorative laminates. Modern laminates feature enhanced designs, textures, and finishes that closely mimic the look and feel of natural materials. These innovations have expanded the market for decorative laminates, attracting a broader range of consumers who value both aesthetics and functionality in their interior spaces.
Decorative Laminates Market Report Highlights:
- Based on products, high pressure laminates dominated the industry in 2023 and accounted for the maximum revenue share of 81.1% of the global revenue. This is on account of its exceptional durability and resilience compared to other decorative surfacing materials. In addition, high-pressure decorative laminates come in a vast array of designs, colors, textures, and finishes, providing architects, designers, and consumers with virtually limitless options for interior decoration
- Based on application, furniture application dominated the industry with the major revenue share of 42.9% in 2023. This is due to cost effectiveness, durability, versatility and ad high performance of the product. Moreover, increasing spending in creating modern and multipurpose furniture in urban areas due to growing trend of remote working is driving industry demand for decorative laminates in developing countries
- Asia Pacific region led the market in 2023 and accounted for the largest revenue share of more than 44.2% of the global revenue. Rapid urbanization and population growth in countries like China, India, and Southeast Asian nations have led to increased demand for cost-effective and modern and light weighted housing and interior designing materials
- Many decorative laminate manufacturers prioritize environmental sustainability in their production processes. They use recycled materials, water-based adhesives, and eco-friendly manufacturing techniques to minimize their environmental impact. As consumers become more environmentally conscious, furniture made with sustainable laminates becomes increasingly desirable, driving demand for these products in the market
Table of Contents
Chapter 1. Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2. Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Competitive Outlook
Chapter 3. Market Variables, Trends & Scope
- 3.1 Parent Market Outlook
- 3.2 Value chain analysis
- 3.3 Technology Overview
- 3.4 Regulatory Framework
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.2 Market Restraint Analysis
- 3.5.3 Market Challenge Analysis
- 3.6 Industry Analysis: Porter's Five Forces Analysis
- 3.7 Industry Analysis: PESTEL by SWOT analysis
- 3.8 Market Disruption Analysis
Chapter 4. Decorative Laminates Market: Product Estimates & Trend Analysis
- 4.1 Decorative Laminates Product Movement Analysis, 2023 & 2030
- 4.2 High Pressure Laminates
- 4.2.1 High pressure decorative laminates market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3 Low Pressure Laminates
- 4.2.1 Low pressure decorative laminates market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Decorative Laminates Market: Application Estimates & Trend Analysis
- 5.1 Decorative Laminates market: Application movement analysis, 2023 & 2030
- 5.2 Furniture
- 5.2.1 Decorative Laminates market estimates and forecasts, in furniture, 2018 - 2030 (USD Million)
- 5.3 Flooring
- 5.3.1 Decorative Laminates market estimates and forecasts, in flooring, 2018 - 2030 (USD Million)
- 5.4 Walls
- 5.4.1 Decorative Laminates market estimates and forecasts, in walls, 2018 - 2030 (USD Million)
- 5.5 Others
- 5.5.1 Decorative Laminates market estimates and forecasts, in others, 2018 - 2030 (USD Million)
Chapter 6. Decorative Laminates Market: Regional Estimates & Trend Analysis
- 6.1 Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2 Decorative laminates Market: Regional Movement Analysis, 2023 & 2030
- 6.3 North America
- 6.3.1 North America Decorative Laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.2 North America Decorative Laminates market estimates and forecasts, 2018 - 2030 by product (USD Billion)
- 6.3.3 North America Decorative Laminates market estimates and forecasts, 2018 - 2030 by application (USD Billion)
- 6.3.4 U.S.
- 6.3.4.1 U.S. Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.4.2. U.S. Decorative laminates market estimates and forecasts, 2018 - 2030 by product (USD Billion)
- 6.3.4.3. U.S. Decorative laminates market estimates and forecasts, 2018 - 2030 by application (USD Billion)
- 6.3.5 Canada
- 6.3.5.1 Canada Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.5.2 Canada Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.3.5.3 Canada Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.3.6 Mexico
- 6.3.6.1 Mexico Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.6.2 Mexico Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.3.6.3 Mexico Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.4 Europe
- 6.4.1 Europe Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.2 Europe Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.4.3 Europe Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.4.4 Germany
- 6.4.4.1 Germany Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.4.2 Germany Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.4.4.3 Germany Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.4.5 UK
- 6.4.5.1 UK Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.5.2 UK Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.4.5.3 UK Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.4.6 France
- 6.4.6.1 France Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.6.2 France Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.4.6.3 France Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.4.7 Spain
- 6.4.7.1 Spain Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.7.2 Spain Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.4.7.3 Spain Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.4.8 Italy
- 6.4.8.1 Italy Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.8.2 Italy Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.4.8.3 Italy Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5.2 Asia Pacific Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.5.3 Asia Pacific Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.5.4 China
- 6.5.4.1 China Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5.4.2 China Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.5.4.3 China Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.5.5 Japan
- 6.5.5.1 Japan Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5.5.2 Japan Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.5.5.3 Japan Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.5.6 South Korea
- 6.5.6.1 South Korea Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5.6.2 South Korea Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.5.6.3 South Korea Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.5.7 India
- 6.5.7.1 India Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5.7.2 India Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.5.7.3 India Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.6 Central & South America
- 6.6.1 Central & South America Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6.2 Central & South America Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.6.3 Central & South America Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.6.4 Brazil
- 6.6.4.1 Brazil Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6.4.2 Brazil Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.6.4.3 Brazil Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.7 Middle East & Africa
- 6.7.1 Middle East & Africa Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.7.2 Middle East & Africa Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.7.3 Middle East & Africa Decorative laminates market estimates and forecasts, by application (USD Billion)
- 6.7.4 Saudi Arabia
- 6.7.4.1 Saudi Arabia Decorative laminates market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.7.4.2 Saudi Arabia Decorative laminates market estimates and forecasts, by product (USD Billion)
- 6.7.4.3 Saudi Arabia Decorative laminates market estimates and forecasts, by application (USD Billion)
Chapter 7. Competitive Landscape
- 7.1 Recent Development in the Market
- 7.2 Company Categorization
- 7.3 Competitive Market Positioning
- 7.4 Heat Map Analysis
- 7.5 Strategy Framework
- 7.6 Company Profiles
- 7.6.1 Greenlam Industries Limited
- 7.6.1.1 Company Overview
- 7.6.1.2 Product Benchmarking
- 7.6.1.3 Strategic Initiatives
- 7.6.2 OMNOVA North America Inc
- 7.6.2.1 Company Overview
- 7.6.2.2 Product Benchmarking
- 7.6.2.3 Strategic Initiatives
- 7.6.3 Abet Laminati SpA
- 7.6.3.1 Company Overview
- 7.6.3.2 Product Benchmarking
- 7.6.3.3 Strategic Initiatives
- 7.6.4 STYLAM INDUSTRIES LIMITED
- 7.6.4.1 Company Overview
- 7.6.4.2 Product Benchmarking
- 7.6.4.3 Strategic Initiatives
- 7.6.5 Wilsonart LLC
- 7.6.5.1 Company Overview
- 7.6.5.2 Product Benchmarking
- 7.6.5.3 Strategic Initiatives
- 7.6.6 Merino Laminates Ltd
- 7.6.6.1 Company Overview
- 7.6.6.2 Product Benchmarking
- 7.6.6.3 Strategic Initiatives
- 7.6.7 FunderMax
- 7.6.7.1 Company Overview
- 7.6.7.2 Product Benchmarking
- 7.6.7.3 Strategic Initiatives
- 7.6.8 Airolam decorative laminates
- 7.6.8.1 Company Overview
- 7.6.8.2 Product Benchmarking
- 7.6.8.3 Strategic Initiatives
- 7.6.9 Archidply
- 7.6.9.1 Company Overview
- 7.6.9.2 Product Benchmarking
- 7.6.9.3 Strategic Initiatives
- 7.6.10 Bell Laminates
- 7.6.10.1 Company Overview
- 7.6.10.2 Product Benchmarking
- 7.6.10.3 Strategic Initiatives
- 7.6.11 Broadview Holding (Formica Group)
- 7.6.11.1 Company Overview
- 7.6.11.2 Product Benchmarking
- 7.6.11.2 Strategic Initiatives