The sales of high-pressure laminated are expected to spark increased demand from the flooring industry. The gain is also projected to rise by an increase in shipments of laminate flooring. Further, growth will be continued by homeowners who desire to renovate their house walls owing to their ease of maintenance and low cost. These laminates are expected to benefit owing to their enhanced decorative properties, long-term durability, resistance to scratch, and wear and tear resistance. Additionally, as per the forecast, these laminates will continue to be in use in the production of flooring laminates for non-residential as well as residential construction.
As per the latest report added by Value Market Research, the Global High-Pressure Laminate Market was valued at USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of XX%.
HIGH-PRESSURE LAMINATES ARE HIGHLY USED ON VERTICAL SURFACES
The vertical segment dominated with over XX% share in 2030. Since, high-pressure laminated is a highly versatile material it is broadly used across vertical surfaces like doors and walls, such as a residential kitchen countertop or a work surface. Vertical surface laminates offer a decorative and functional surface for walls or surfaces which have minimum impact and wear.
FURNITURE AND CABINETS TO REMAIN THE LARGEST MARKET OVER THE FORECAST PERIOD
Furniture and cabinet was the leading segment with X.X% share in 2030. The rebounding housing market along with the construction of new housing will spur the segment growth. Also, the growing demand for wall laminate derived from the non-residential construction market will again fuel the growth of the segment.
THE RESIDENTIAL SEGMENT HAS EMERGED AS THE LARGEST END-USER
The residential segment was one of the most important segments with an X.X% share in 2030. High demand from the residential sector along with the improvement in the living standard and increasing usage of the product for flooring purposes is anticipated to derive the segment growth.
ASIA-PACIFIC TO RULE THE GLOBAL HIGH-PRESSURE LAMINATED MARKET
The Asia Pacific dominated this market with over XX% share in 2030. Ongoing urbanization and industrialization across emerging economies along with the improved living standard of the people and rise in per capita income of the individual is expected to fuel the regional market growth. Also, people in this region are increasing spending on the home interior is again fueling the market growth.
MAJOR PLAYERS INVOLVED ARE
Abet Laminati, Arpa Industriale, ASD, EGGER, Fletcher Building, Formica Group, Gentas, Kronospan, OMNOVA Solutions.
As per this study the Global High Pressure Laminate Market was valued at USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of XX%.
High-pressure laminate is a type of decorative laminates which is produced on which impregnating Kraft paper with melamine resins under a high pressure ranging between 1,200 to 2,000 lbs per square inch. After that, the resulting laminate is covered with layers of decorative paper. This high-pressure laminate has excellent properties versatility, durability, scratch resistant, and easy to maintain. Owing to their durability and other superior quality they have been adopted across various residential, commercial, and industrial application.
Market Dynamics
Demand for high-pressure laminate is basically growing on the account of rising application across cabinets and ready-to-assemble furniture and flooring. Rising demand from interior design industry where it is highly preferred owing to its pattern and texture. Further, growing production of the innovative product and eco-friendly product by the manufacturer is likely to offer immense growth to the market. On the flip side, availability of low-cost substitute product can act as a restraint to some extent.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of high pressure laminated.
Market Segmentation
The broad high pressure laminate market has been sub-grouped into surface, application, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Application
- Commercial
- Residential
- Industrial
- Transportation
By End-Use Industry
- Construction
- Furniture
- Aerospace
- Automotive
- Marine
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for high pressure laminate in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global High Pressure Laminate Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the high pressure laminate market include Wilsonart, Panolam Industries, Kronospan, EGGER, ASD, Arpa Industriale, OMNOVA Solutions, Abet Laminati, Fletcher Building, PFLEIDERER, Trespa International. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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