Decorative Laminates Market Research Report, Trends, Analysis and Forecast to 2026

The laminated products that are primarily used as a furniture surface material or wall paneling are termed to be decorative laminates. These are the laminated sheets of brown kraft papers and decorative printed papers fused using heat and pressure. They are attractive and save the furniture from fire risk, wear and tear, and scratches. Decorative laminates are used primarily for wall paneling and also in the furniture surface materials. They exhibit anti-fungal, anti-bacterial, and high durability; are resistant to moisture and stains. These sheets are used to add aesthetic finishes to cabinets and furniture, worktops, wall paneling, and flooring. They improve the lifespan of surfaces and offer an attractive finish. 

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According to the manufacturing process, two types of decorative laminates are available in the market, high-pressure and low-pressure laminate. High-pressure laminates are manufactured at a pressure range of 1,200 to 2,000 psi and low-pressure laminates known as a plastic laminate manufactured at a pressure of 400 psi. Laminates are typically used as finishing layer for medium-density fiberboard (MDF), plywood, particleboard, wooden furniture, wall panels, and flooring. Furthermore, sometimes they are built as toilet cubicle systems, laboratory tables, and kitchen tops. The “Global Decorative Laminates Market” is expected to grow at a CAGR of 4.3% during the forecast period.

The rising disposable income of the people is increasing residential construction, increasing the standard of living, rapid urbanization, and low installation & maintenance cost of the decorative laminates are some of the market trends that are increasing the demand for decorative laminates. The decorative laminates market has witnessed significant growth in recent years. Decorative laminates, due to their excellent properties such as durability, water resistance, huge varieties, microbe-resistant, and ease of maintenance are used in a wide range of applications such as cabinets, furniture, countertops, and wall panels. In home d├ęcor applications, they are used to manufacture furniture such as sofa, beds, and tables. 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. 

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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. In addition, they are used in wall shelves in bathrooms, kitchen, and bookshelves as well as used in modular cabinets and RTA furniture. Additionally, these laminates are also used in wall highlighting. The ceilings are also covered with textured decorative laminates. The growth in the purchasing power and growing preference of consumers for better aesthetic appeal and decorative home furnishings are likely to drive the global market growth. In addition, technological advancements in texture and printing techniques are expected to create lucrative opportunities for the players operating in the global decorative laminates market. These are the main applications that have been marked as the growth factors for the decorative laminates market. 

Decorative Laminates Market across Asia Pacific region has huge demand of growth on account of increasing consumer spending, growing construction industry, and the growing population in the region. China is expected to be the leading country in the region followed by India on account of the rapid urbanization, large consumer base, and presence of leading decorative laminates manufacturers such as Greenlam Industries Limited, Merinolaminates, and Stylam Industries Limited. 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 also boosting the growth of the decorative laminates market across the Asia Pacific region. 

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The growth of the construction industry in the emerging economies of the region is likely to fuel market growth. These laminates are used in the manufacturing cabinets, wood panels, and flooring for residential and commercial buildings owing to their ease of application and cleaning. Moreover in the region, there is a growing need for decorative laminates in the manufacturing of ready-to-assemble (RTA) furniture, toilet cubicle systems, laboratory tables, and kitchen tops on account of their high durability and aesthetic appeal. They serve as an affordable substitute for natural materials and can replace high-cost floorings such as marble, granite, and slate. These factors conclude that the market in the region is growing strongly.

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