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Laminate Flooring Market Expected to Reach a Volume of 1,040.5 Million Sq. Metres by 2024 - IMARCGroup.com
Laminate Flooring Market Expected to Reach a Volume of 1,040.5 Million Sq. Metres by 2024 - IMARCGroup.com
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Laminate flooring refers to a durable human-made product which is created using melamine resin and fiberboard materials. This flooring is composed of four layers with each layer having a distinctive purpose. The back layer helps to protect the plank against moisture and balances the floor while the core layer lying above the back layer protects it from indentations. These layers are sealed together at high temperatures and pressure by the lamination process.
The growing construction sector is significantly driving the market. The rise in standards of living and continuous change in consumers’ tastes have increased the demand for modern housing, particularly in emerging countries. This has significantly contributed to market growth. Moreover, consumers nowadays prefer customized products to harmonize with their wide variety of furniture and home interiors. Owing to this, the manufacturers are introducing innovative floorings by making advancements in their designing and printing technology, such as 3D printing. Also, factors like ease of installation and negligible requirement of skilled labor for laminate flooring as compared to other types of floorings further drives market growth.
Explore full report with table of contents: https://www.imarcgroup.com/laminate-flooring-market
Market Segmentation:
Breakup by Product:
• HDF Laminates
• MDF Laminates
Breakup by Sector:
• Residential
• Commercial
Regional Insights:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape
The report has also examined the competitive landscape of global laminate flooring market. Some of the major players in the market are Mohawk Industries Inc., Tarkett, Armstrong World Industries, Inc., Shaw Industries, Inc., Mannington Mills, Inc. and Beaulieu International Group.
Key highlights of the report:
• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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