The project report includes Present Market Position and Expected Future Demand, Market Size, Statistics, Trends, SWOT Analysis and Forecasts. Report provides a comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights to the SWOT analysis of the industry.
Laminates are made using either High Pressure Laminates (HPL), or Direct Pressure Laminates (DPL). With the DPL method, all the layers are bonded together under extreme heat and pressure at one time. HPL is done in more than one step. Typically the wear layer and image layer are bonded together, and than those two layers are bonded to the core in a separate step.
Market for decorative laminates will be driven by strong demand from non-residential construction, which will benefit demand for laminate store fixtures and wall panels. For store fixtures, advances will stem from the price, performance and style advantages of laminate materials, as well as ongoing strength in retail sales activity. The development of more stylish and more realistic designs is a key element in the growth of laminate demand in store fixtures.
Decorative laminate fixtures can be designed to meet specific design requirements, such as high-gloss and metallic surfaces, while offering retailers scratch resistance and ease of maintenance.
The demand for decorative laminates is relatively high in developing countries such as India and China in the Asia Pacific region. One of the major reasons behind the growth of the market in these two countries is a rapid increase in the population accompanied by expansion of the economy that ultimately results in increase in per capita income.
This increasing disposable income leads to an increase in the spending ability on home interiors. This factor is boosting the growth of the decorative laminates market across the Asia Pacific region.
Owing to an upsurge in the utilization of ready-to-assemble floorings as well as furniture and cabinets, the demand for high pressure laminates is likely to increase at a stable pace during the assessed period. Moreover, advanced functional properties such as scratch resistance, chemical resistance, anti-microbial and anti-fingerprint are further leading to an increase in the demand for high pressure laminates.
Besides, by facilitating advanced R & D initiatives to foster innovation, manufacturers of high pressure laminates are able to develop newer and more advanced products. Manufacturing of eco-friendly decorative laminates is expected to present lucrative growth opportunities for manufacturers to enhance the existing customer base and augment market value share.
Digital laminates are customized laminates available according to individual consumer needs to enable specific designs, graphics, and patterns to be directly printed on laminates.
With the use of latest technologies, the designer’s concept can now be transferred digitally and directly to the company facilities, which can further produce different digital sheets of any product type. Such laminates can be applied directly on walls, multipurpose furniture, stands, exhibition stalls, pictures, doors and other areas.
“Rapid growth in the residential sector in urban as well as semi-urban areas in North America and Europe is expected to contribute significantly to overall market growth. Substantial growth in the services and manufacturing sector has led to strong growth in the global GDP in the past. This, in turn, has had a positive impact on the decorative laminates market.”
LIST OF DECORATIVE LAMINATES
MANUFACTURING COMPANIES
• Fletcher Building Limited
• Omnova Solution Inc.
• Greenlam Industries Ltd.
• Merino Group
• Illinois Tool Works, Inc.
• Abet Laminati S.P.A.
• Archidply Industries Ltd.
• Fundermax GmbH
• Panolam Industries International, Inc.
• Stylam Industries Ltd.
