Product Code: PM4025
The global high pressure laminate market size is expected to reach USD 12,240.00 million by 2032, according to a new study by Polaris Market Research. The report "High Pressure Laminate Market Share, Size, Trends, Industry Analysis Report, By Type (General Purpose Type, Postforming Type, Backer Type, Others); By Application; By Width Type; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
High-pressure laminate is a versatile decorative material that seamlessly blends wood textures, imaginative patterns, and vivid solid hues. It is often compared to the traditionally employed and highly favored plastic laminate.
High-pressure laminate is a versatile and durable surfacing material that is widely used in various applications such as countertops, cabinetry, furniture, wall panels, and flooring. The production process involves layering multiple sheets of paper or fabric that have been impregnated with phenolic resin.
High-pressure laminate is considered a premium, highly desirable decorative surface material. To produce, several layers of kraft paper are impregnated with phenolic resins, which are more commonly known as phenol-formaldehyde resins. These layers are then assembled with a decorative top surface that can feature printed designs or solid colors. Overall, HPL is a reliable and long-lasting option for those looking for a practical and stylish surfacing material.
The market for high-pressure laminate (HPL) is expected to grow significantly in the upcoming years, driven by the increasing emphasis on visually appealing hotels, restaurants, cafes, and other dining establishments. The changing consumer preferences, influenced by societal trends and social media, have resulted in a surge in demand for dining places that offer exceptional ambiance. This shift in consumer behavior is a crucial factor behind the rapid growth of the HPL market.
COVID-19 significantly impacted the HPL market for interior design, furniture, and construction due to supply chain disruptions, lockdowns, and reduced demand. However, the market has shown resilience, with increased emphasis on hygiene and the adoption of online sales. Facility owners can opt for HPL to furnish their establishments with versatile and visually appealing materials. HPL is durable and can help meet quality requirements. Demand for HPL is expected to surge with growing discretionary income and investments in food service.
Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective coronary stent devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for coronary stents throughout the forecast period.
High Pressure Laminate Market Report Highlights
- The General Purpose Type segment held the largest revenue share in the High Pressure Laminate Market due to their remarkable adaptability, these products are well-suited to meet the needs of all three market sectors - residential, commercial, and industrial. High-pressure laminate can be used in a variety of manufacturing applications, including the creation of wall decorations, furniture, flooring, cabinets, and other functional elements.
- The commercial segment accounted for the highest market share during the forecast period. This sector includes businesses in the food service industry, hospitality, and entertainment centers. In recent years, the demand for aesthetically appealing yet durable and functional environments has increased, leading to a rise in segmental demand. Professional curators are now employed to enhance the appeal of these spaces, resulting in heightened customer awareness.
- In 2022, Asia-Pacific dominated the largest market. The demand for high-pressure laminate (HPL) and related lamination products is driving regional expansion, with China and India leading the way due to the presence of many HPL manufacturers and suppliers. The surge in population, rising disposable incomes, and the growth of middle-income groups are all contributing to an increase in the demand for housing. Economic growth and foreign investments are also fostering commercial development, leading to the establishment of new corporate offices, entertainment centers, and food establishments.
- The North America region accounted for the fastest growth in the high pressure laminate market. The home renovation and interior decoration industry in North America is currently experiencing a surge in demand due to the need for modernization, upgrades, and value addition. As houses age, homeowners require repairs, updates, and energy-efficient enhancements. Additionally, people seek contemporary and personalized aesthetics for their living spaces, which further drives the demand for renovation and decoration services.
- The global key market players include: Abet Laminati S.p.A., Arpa Industriale S.p.A., Finsa - Fibras Industriales S.A., Formica Corporation, FunderMax GmbH, Kronospan Holdings Ltd., Laminex Group, Merino Group, Pionite Surfaces, Shaw Industries Group Inc., Stylam Industries Limited, Trespa International B.V., Wilsonart LLC, Abet Laminati UK Ltd., Durian Laminates, and Greenlam Industries Ltd.
Polaris Market Research has segmented the high pressure laminate market report based on type, application, width type and region:
High Pressure Laminate, Type Outlook (Revenue - USD Million, 2019 - 2032)
- General Purpose Type
- Postforming Type
- Backer Type
- Others
High Pressure Laminate, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Commercial
- Residential
- Industrial
High Pressure Laminate, Width Type Outlook (Revenue - USD Million, 2019 - 2032)
- 760 mm
- 760 mm to 1000 mm
- 1000 mm to 1600 mm
- Above 1600 mm
High Pressure Laminate, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global High Pressure Laminate Market Insights
- 4.1. High Pressure Laminate Market - Width Type Snapshot
- 4.2. High Pressure Laminate Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing preference of High-pressure laminates in the furniture industry owing to its resistance, durability to scratches and serenity of maintenance will drive market growth
- 4.2.1.2. Several style & design trends, with universal accessibility of High Pressure Laminate is driving the market
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Increasing competition between manufacturers and the development of alternatives hinder on the growth of the market
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. High Pressure Laminate Market Width Type Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global High Pressure Laminate Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 5.3. General Purpose Type
- 5.3.1. Global High Pressure Laminate Market, by General Purpose Type, by Region, 2019-2032 (USD Million)
- 5.4. Postforming Type
- 5.4.1. Global High Pressure Laminate Market, by Postforming Type, by Region, 2019-2032 (USD Million)
- 5.5. Backer Type
- 5.5.1. Global High Pressure Laminate Market, by Backer Type, by Region, 2019-2032 (USD Million)
- 5.6. Others
- 5.6.1. Global High Pressure Laminate Market, by Others, by Region, 2019-2032 (USD Million)
6. Global High Pressure Laminate Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 6.3. Commercial
- 6.3.1. Global High Pressure Laminate Market, by Commercial, by Region, 2019-2032 (USD Million)
- 6.4. Residential
- 6.4.1. Global High Pressure Laminate Market, by Residential, by Region, 2019-2032 (USD Million)
- 6.5. Industrial
- 6.5.1. Global High Pressure Laminate Market, by Industrial, by Region, 2019-2032 (USD Million)
7. Global High Pressure Laminate Market, by Width Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 7.3. 760 mm
- 7.3.1. Global High Pressure Laminate Market, by 760 mm, By Region, 2019-2032 (USD Million)
- 7.4. 760 mm to 1000 mm
- 7.4.1. Global High Pressure Laminate Market, by 760 mm to 1000 mm, By Region, 2019-2032 (USD Million)
- 7.5. 1000 mm to 1600 mm
- 7.5.1. Global High Pressure Laminate Market, by 1000 mm to 1600 mm, By Region, 2019-2032 (USD Million)
- 7.6. Above 1600 mm
- 7.6.1. Global High Pressure Laminate Market, by Above 1600 mm, By Region, 2019-2032 (USD Million)
8. Global High Pressure Laminate Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. High Pressure Laminate Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. High Pressure Laminate Market - North America
- 8.3.1. North America: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.3.2. North America: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.3.3. North America: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.3.4. High Pressure Laminate Market - U.S.
- 8.3.4.1. U.S.: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.3.5. High Pressure Laminate Market - Canada
- 8.3.5.1. Canada: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.3.5.3. Canada: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.4. High Pressure Laminate Market - Europe
- 8.4.1. Europe: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.4.3. Europe: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.4.4. High Pressure Laminate Market - UK
- 8.4.4.1. UK: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.4.4.3. UK: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.4.5. High Pressure Laminate Market - France
- 8.4.5.1. France: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.4.5.3. France: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.4.6. High Pressure Laminate Market - Germany
- 8.4.6.1. Germany: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.4.6.3. Germany: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.4.7. High Pressure Laminate Market - Italy
- 8.4.7.1. Italy: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.4.7.3. Italy: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.4.8. High Pressure Laminate Market - Spain
- 8.4.8.1. Spain: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.4.8.3. Spain: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.4.9. High Pressure Laminate Market - Netherlands
- 8.4.9.1. Netherlands: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.4.10. High Pressure Laminate Market - Russia
- 8.4.10.1. Russia: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.4.10.3. Russia: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.5. High Pressure Laminate Market - Asia Pacific
- 8.5.1. Asia Pacific: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.5.4. High Pressure Laminate Market - China
- 8.5.4.1. China: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.5.4.3. China: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.5.5. High Pressure Laminate Market - India
- 8.5.5.1. India: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.5.5.3. India: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.5.6. High Pressure Laminate Market - Malaysia
- 8.5.6.1. Malaysia: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.5.7. High Pressure Laminate Market - Japan
- 8.5.7.1. Japan: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.5.7.3. Japan: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.5.8. High Pressure Laminate Market - Indonesia
- 8.5.8.1. Indonesia: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.5.9. High Pressure Laminate Market - South Korea
- 8.5.9.1. South Korea: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.6. High Pressure Laminate Market - Middle East & Africa
- 8.6.1. Middle East & Africa: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.6.4. High Pressure Laminate Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.6.5. High Pressure Laminate Market - UAE
- 8.6.5.1. UAE: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.6.5.3. UAE: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.6.6. High Pressure Laminate Market - Israel
- 8.6.6.1. Israel: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.6.6.3. Israel: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.6.7. High Pressure Laminate Market - South Africa
- 8.6.7.1. South Africa: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.7. High Pressure Laminate Market - Latin America
- 8.7.1. Latin America: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.7.3. Latin America: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.7.4. High Pressure Laminate Market - Mexico
- 8.7.4.1. Mexico: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.7.5. High Pressure Laminate Market - Brazil
- 8.7.5.1. Brazil: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
- 8.7.6. High Pressure Laminate Market - Argentina
- 8.7.6.1. Argentina: High Pressure Laminate Market, by Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: High Pressure Laminate Market, by Width Type, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: High Pressure Laminate Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Abet Laminati S.p.A.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Abet Laminati UK Ltd.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Arpa Industriale S.p.A.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Durian Laminates
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Finsa - Fibras Industriales S.A.
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Formica Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. FunderMax GmbH
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Greenlam Industries Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Kronospan Holdings Ltd.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Laminex Group
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Merino Group
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Pionite Surfaces
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Shaw Industries Group Inc.
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Stylam Industries Limited
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Trespa International B.V.
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Wilsonart LLC
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development