Product Code: PM4960
The global decorative laminates market size is expected to reach USD 9.64 billion by 2032, according to a new study by Polaris Market Research. The report "Decorative Laminates Market Share, Size, Trends, Industry Analysis Report, By Product (High Pressure Laminates, Low Pressure Laminates); By Raw Material; By Application; By End User; By Region; Segment Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing demand for premium housing in the market, coupled with growing consumer income, is showing demand for decorative laminates. As more people focus on upgrading home interiors, this is significantly supporting the need for decorative laminates in the global market. Furthermore, the COVID-19 pandemic facilitated a favorable market for gardening and house decoration instruments, including laminates, driven by stringent lockdowns kept by the government to combat virus transmission, making people live in their houses, which made them focus on house cleaning, arrangement, and decoration.
The growing development of home interior design is making people adopt iconic decorative laminates for their housing and other residential utilities. This trend is encouraging firms to expand their production capacity, which is making decorative laminates accessible and affordable to customers. For instance, in October 2023, Greenlam announced the start of its commercial production at its facility, Naidupeta, India.
The rising measures taken by the companies to expand their global outreach are optimally influencing the decorative laminate market. For instance, in February 2024, Skydecor Laminates introduced its advanced experience center in New Delhi, India, to transform the development of sustainable interior design.
The increasing innovations by the manufacturers are expected to drive new growth opportunities for decorative laminates in the marketplace. For instance, in July 2023, Century Laminates entered into a collaboration with Mr. Manish Malhotra in India and unveiled its initial range of decorative laminates.
The ongoing initiatives by the companies to meet changing consumer preferences are likely to fuel market penetration in the next few years. The growing research activities to develop appealing decoration items by the key players are projected to propel market expansion. For instance, in July 2023, Century Plyboards (India) Ltd. announced the launch of its new decorative laminate product line in India. Moreover, the ongoing company's initiatives to build brand presence around the world are projected to stimulate decorative laminates market growth. For instance, in April 2024, Rebecca Laminates announced its new folder, Wild Book, containing innovative decorative laminate designs.
Decorative Laminates Market Report Highlights
High pressure laminates segment is anticipated to witness the highest growth in the coming years due to its ability to safeguard against extreme temperatures.
Plastic Resin segment accounted for the largest market share owing to its affordability and ease of application.
Furniture segment is projected to experience a larger revenue share due to the rising number of people opting for house remodeling.
APAC is projected to register the fastest growth during the forecast period, attributable to the growing demand for interior designing.
The global players include Abet Laminati, Airolam Decorative Laminates, Archidply, Bell Laminates, Broadview Holding, FunderMax, & Greenlam Industries Limited.
Polaris Market Research has segmented the decorative laminates market report based on product, raw material, application, end user, and region:
Decorative Laminates, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- High Pressure Laminates
- Low Pressure Laminates
Decorative Laminates, Raw Material Outlook (Revenue - USD Billion, 2019 - 2032)
- Plastic Resin
- Overlays
- Adhesives
- Wood Substrate
- Others
Decorative Laminates, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Furniture
- Cabinets
- Flooring
- Wall Panels
- Others
Decorative Laminates, End User Outlook (Revenue - USD Billion, 2019 - 2032)
- Residential
- Non-Residential
- Transportation
Decorative Laminates, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of APAC
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & 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 Decorative Laminates Market Insights
- 4.1. Decorative Laminates - Industry Snapshot
- 4.2. Decorative Laminates Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing production of new decorative laminates
- 4.2.1.2. Rising availability of effective raw materials
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Unstable raw material prices are likely to impede market growth
- 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. PESTLE Analysis
- 4.5. Decorative Laminates Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Decorative Laminates Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 5.3. High Pressure Laminates
- 5.3.1. Global Decorative Laminates Market, by High Pressure Laminates, by Region, 2019-2032 (USD Billion)
- 5.4. Low Pressure Laminates
- 5.4.1. Global Decorative Laminates Market, by Low Pressure Laminates, by Region, 2019-2032 (USD Billion)
6. Global Decorative Laminates Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 6.3. Furniture
- 6.3.1. Global Decorative Laminates Market, by Furniture, by Region, 2019-2032 (USD Billion)
- 6.4. Cabinets
- 6.4.1. Global Decorative Laminates Market, by Cabinets, by Region, 2019-2032 (USD Billion)
- 6.5. Flooring
- 6.5.1. Global Decorative Laminates Market, by Flooring, by Region, 2019-2032 (USD Billion)
- 6.6. Wall Panels
- 6.6.1. Global Decorative Laminates Market, by Wall Panels, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Decorative Laminates Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Decorative Laminates Market, by End-User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 7.3. Residential
- 7.3.1. Global Decorative Laminates Market, by Residential, by Region, 2019-2032 (USD Billion)
- 7.4. Non-Residential
- 7.4.1. Global Decorative Laminates Market, by Non-Residential, by Region, 2019-2032 (USD Billion)
- 7.5. Transportation
- 7.5.1. Global Decorative Laminates Market, by Transportation, by Region, 2019-2032 (USD Billion)
8. Global Decorative Laminates Market, by Raw Material
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 8.3. Plastic Resin
- 8.3.1. Global Decorative Laminates Market, by Plastic Resin, by Region, 2019-2032 (USD Billion)
- 8.4. Overlays
- 8.4.1. Global Decorative Laminates Market, by Overlays, by Region, 2019-2032 (USD Billion)
- 8.5. Adhesives
- 8.5.1. Global Decorative Laminates Market, by Adhesives, by Region, 2019-2032 (USD Billion)
- 8.6. Wood Substrate
- 8.6.1. Global Decorative Laminates Market, by Wood Substrate, by Region, 2019-2032 (USD Billion)
- 8.7. Others
- 8.7.1. Global Decorative Laminates Market, by Others, by Region, 2019-2032 (USD Billion)
9. Global Decorative Laminates Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Decorative Laminates Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Decorative Laminates Market - North America
- 9.3.1. North America: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.3.2. North America: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.3.3. North America: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.3.4. North America: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.3.5. Decorative Laminates Market - U.S.
- 9.3.5.1. U.S.: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.3.6. Decorative Laminates Market - Canada
- 9.3.6.1. Canada: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.4. Decorative Laminates Market - Europe
- 9.4.1. Europe: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.4.2. Europe: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.4.3. Europe: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.4.4. Europe: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.4.5. Decorative Laminates Market - UK
- 9.4.5.1. UK: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.4.6. Decorative Laminates Market - France
- 9.4.6.1. France: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.4.6.2. France: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.4.6.3. France: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.4.6.4. France: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.4.7. Decorative Laminates Market - Germany
- 9.4.7.1. Germany: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.4.8. Decorative Laminates Market - Italy
- 9.4.8.1. Italy: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.4.9. Decorative Laminates Market - Spain
- 9.4.9.1. Spain: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.4.10. Decorative Laminates Market - Netherlands
- 9.4.10.1. Netherlands: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.4.11. Decorative Laminates Market - Russia
- 9.4.11.1. Russia: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.5. Decorative Laminates Market - Asia Pacific
- 9.5.1. Asia Pacific: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.5.5. Decorative Laminates Market - China
- 9.5.5.1. China: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.5.5.3. China: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.5.5.4. China: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.5.6. Decorative Laminates Market - India
- 9.5.6.1. India: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.5.6.3. India: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.5.6.4. India: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.5.7. Decorative Laminates Market - Japan
- 9.5.7.1. Japan: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.5.8. Decorative Laminates Market - Malaysia
- 9.5.8.1. Malaysia: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.5.9. Decorative Laminates Market - Indonesia
- 9.5.9.1. Indonesia: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.5.10. Decorative Laminates Market - South Korea
- 9.5.10.1. South Korea: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.6. Decorative Laminates Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.6.5. Decorative Laminates Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.6.6. Decorative Laminates Market - South Africa
- 9.6.6.1. South Africa: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.6.7. Decorative Laminates Market - Israel
- 9.6.7.1. Israel: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.6.8. Decorative Laminates Market - UAE
- 9.6.8.1. UAE: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.7. Decorative Laminates Market - Latin America
- 9.7.1. Latin America: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.7.5. Decorative Laminates Market - Mexico
- 9.7.5.1. Mexico: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.7.6. Decorative Laminates Market - Brazil
- 9.7.6.1. Brazil: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
- 9.7.7. Decorative Laminates Market - Argentina
- 9.7.7.1. Argentina: Decorative Laminates Market, by Product, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Decorative Laminates Market, by Raw Material, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Decorative Laminates Market, by Application, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Decorative Laminates Market, by End-User, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Abet Laminati SpA (Italy)
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Airolam Decorative Laminates (India)
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Archidply (India)
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Bell Laminates (India)
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Broadview Holding (Netherlands)
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. FunderMax (Austria)
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Greenlam Industries Limited (India)
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Merino Laminates Ltd (India)
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. OMNOVA North America Inc (US)
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. STYLAM INDUSTRIES LIMITED (India)
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Wilsonart LLC (US)
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development