Decorative Laminates Market Size Worth $ 9.64 Billion By 2032 | CAGR: 3.4%

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.

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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

Decorative Laminates Market Report Scope