The decorative plastic and paper laminates market has witnessed significant growth, with projections indicating a value surge from US$ 66 billion in 2018 to an estimated US$ 113 billion by the end of 2028. This upward trajectory suggests a robust Compound Annual Growth Rate (CAGR) of 5.5% throughout the forecast period. The market is poised to unlock an incremental opportunity of US$ 46 billion, underscoring its dynamic expansion and potential for substantial industry development between 2018 and 2028.
Get Your Sample Report – Drive Business Success! https://www.futuremarketinsights.com/reports/sample/rep-gb-7610
Key Insights at a Glance
- A third of the total market revenue is accounted by China, followed by Eastern Europe. FMI points to remarkable progress in sales of decorative plastic and paper laminates within BRICS countries.
- Soaring demand for decorative foils and papers in the commercial sector is prominently responsible for superiority of low pressure laminates over high pressure counterparts.
- As smaller players dominate the market, the strategic focus remains on product differentiation and cost competitive pricing. Reduced VOC emissions is another important factor dictating strategic moves of manufacturing SMEs.
- Key players in decorative plastic and paper laminates landscape are currently concentrating on channelizing their efforts towards strengthening the distribution network, in addition to establish a direct sales channel.
Rapid Recovery of Residential Housing Sector Firms up the Base for Decorative Plastic & Paper Laminates Demand
Although commercial sector currently dominates in terms of demand for decorative plastic and paper laminates, residential housing sector is likely to take over soon.
The residential construction realm has been witnessing strong signs of recovery over the past couple of years, which is playing a key driving force for the revenue growth of decorative plastic and paper laminates landscape.
Moreover, rapid growth of hospitality sector is providing a strong impetus to product innovation, thereby pushing the growth of leading bands dealing in decorative plastic and paper laminates landscape.
Commercial construction is also significantly favoring the sales decorative plastic and paper laminates, as indicated by the report.
Manufacturers of decorative plastic and paper laminates are also capitalizing on opportunities presented by a growing number of remodeling and repainting projects.
Get the Report Methodology Now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7610
Wooden Flooring Trends among Consumers, Following Furniture & Cabinets
“Furniture and cabinets account for over half the share of total market value, whereas flooring applications are likely to gradually take over,” says the analyst.
Shifting consumer preferences for laminate flooring in both residential and commercial sectors is creating a heap of investment opportunities for manufacturers of decorative plastic and paper laminates.
“Consumers today seek endurance, scratch resistance, and aesthetics while purchasing furniture for homes or workplaces. Such factors are provide the trigger for application specific innovations in decorative plastic and paper laminates,” the analyst explains further.
Spectacular growth prospects are identified for Asia, North America and some parts of Eastern Europe.
Digital Print Designs on Decorative Plastic and Paper Laminates Gather Considerable Momentum
Personalization has been trending across industries, and interior decoration is among the prominent ones. Customized digitally printed laminates are especially designed to cater to specific consumer demands regarding print design, pattern, and graphic.
Sheets of digital decorative plastic and paper laminates have high resolution images printed on them, and can be directly applied on furniture, doors, commercials, exhibition stands, and walls.
Digital print laminates are creating a slew of opportunities for manufacturers in the decorative plastic and paper laminates landscape.
Top Key Players in the Decorative Plastic and Paper Laminates Industry
Some of the players reported in this study on the global decorative plastic and paper laminates market include Archidply Industries Ltd, OMNOVA Solutions Inc., Illinois Tool Works, Inc., Fletcher Building Limited, Greenlam Industries Ltd., Stylam Industries Ltd, Merino Group, Panolam Industries International, Inc., OMNOVA Solutions Inc., Illinois Tool Works, Inc. and Century Plyboards (India) Limited, among others.
Unlock the potential for future growth by requesting your personalized custom report Now! https://www.futuremarketinsights.com/customization-available/rep-gb-7610
Decorative Plastic and Paper Laminates Market: Segmentation
By Type
- Low Pressure
- High Pressure
- Edge Banding
By Application
- Furniture and Cabinets
- Flooring
- Wall Paneling
- Doors
- Column Cladding
By End Use
- Residential
- Commercial
- Institutional
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- SEA
- India
- China
- Japan
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube