Decorative Laminates Market is expected to show significant growth by end of year 2022

Market Synopsis of Decorative laminates Market
Market Scenario:
Decorative Laminates are used to laminate surfaces to protect from wear and tear, scratching as well as fire risk. Decorative Laminates enhances the lifespan of surfaces and give them an attractive finish. Growing consumer demand and increasing purchasing power drive the market of Decorative Laminates. Its cost effectiveness and environment friendly nature are some of the factors which attracts more and more consumers. Attention towards decorating houses and Increasing preferences towards environment friendly products are also responsible for the growth of the market. Moreover, low installation cost and low maintenance cost as well as greater preference for decorative laminates over wooden floorings are some of the factors which are boosting the market for decorative laminates. New trend shows designer interiors in indoor sports clubs, gyms, and convention centers will create opportunities for growth of the market.

However, Disposal of waste and fluctuating prices of raw materials acts as a barrier for the market growth.

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Laminates are available either for Decorative purpose or for industrial use. Standard Laminates are used in normal applications. Whereas, post formable laminates are used in kitchens and offices where a neater look is required, and in places like hospitals and restaurants anti-bacterial laminates are used, where hygiene is extremely important. Moreover, the increased durability, cost efficiency and fewer requirements of skilled labors for installation are some of the factors which are driving the market for decorative laminates. Growth in rebounding construction activity, increased interest in home improvements, and pent-up demand for non-residential upgrades will provide opportunities for Decorative Laminates Market.

The report has analyzed the market based on the three segments: material, product, and application in the regions of North America, Europe, APAC and rest of the world. On the basis of product it includes high pressure laminates, low pressure laminates, edgebanding. High-pressure laminates are high-priced and more durable and expected to increase the growth of the Decorative Laminates Market. On the basis of material it is segmented as plastic, paper and vinyl. Additionally on the basis of application it is segmented as residential construction and non-residential construction.

Furniture is referred as largest and fastest growing market due to changing preferences towards furniture and aesthetic values. The scope of the market has widened over many years owing to the flourishing markets of Asia pacific.

Market Highlights:
The global market of Decorative Laminates around the world is growing rapidly. The demand for such laminates has increased from its end-use applications such as cabinets, ready-to-assemble furniture and flooring. Laminates will get benefits from continuous improvements in textures and printing techniques. Additionally, easy to install nature, flexibility and easier to stand for long period of time are some of the factors driving the market of decorative laminates. Shifting towards better lifestyle and increasing interest in home interior and remodeling are some of the factors which drives the demand for the market.

The use of Decorative Laminates is growing in Asia-Pacific. China and India are expected to be the most promising markets. The main driving forces in the Asia-Pacific region include improved standard of living with hygiene requirements as well increased expenditure on non-residential & residential construction.

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Market Research Future Analysis:
Decorative laminates are available in wide range of colors, designs and textures which drives the decorative laminates market. Low cost and rising demand for laminates are some of the factors which will boom market growth. Decorative Laminates usually increase the life span of surfaces and give them an attractive finish. Moreover, Low maintenance and low installation cost gives a new way for wood flooring which spur the market growth. Moreover, recent trend shows that Decorative Laminate manufacturers focus on product development with improved textures as well as printing techniques that is expected to create advanced graphics. Whereas, disposal of waste, environmental & health related issues and fluctuating prices of raw materials are some of the factors hampering the market growth of the Decorative Laminates.

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