Decorative laminates are laminated sheets made of kraft papers and decorative printed papers, which are fused together with the help of pressure and heat. They are the surface materials used to protect and improve the aesthetics of engineered wood. Generally, decorative plastic and paper laminates are used in the construction of cabinets, countertops, flooring and furniture, among other products.
On the basis of type, decorative plastic and paper laminates can be categorized into low pressure laminates, high pressure laminates and edge banding. Moreover, decorative plastic and paper laminates are used in several applications such as furniture & cabinets, floorings, wall paneling, doors and column cladding, among others.
The global Decorative Plastic and Paper Laminates market is projected to reach a value of US$ 66 Bn by 2018 end and is projected to reach US$ 113 Bn by the end of 2028. The Decorative Plastic and Paper Laminates market is estimated to expand at a CAGR of 5.5% during the forecast period. The global Decorative Plastic and Paper Laminates market is projected to create an incremental opportunity worth US$ 46 Bn between 2018 and 2028.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Ready-to-assemble furniture (RTA) mainly comprises unfinished or semi-finished furniture that is sold in component parts and assembled by consumers. Also, RTA furniture is easy to assemble, less prone to shipping damage and easy to transport and requires low maintenance. Attributing to these advantages, the purchase and maintenance cost of such furniture is also relatively low.
The low cost of RTA furniture as compared to traditional furniture and its aesthetic appearance have led to the higher consumer preference for this furniture type in developed as well as developing countries. This significant rise in the demand for RTA furniture will subsequently lead to a rise in the demand for decorative plastic and paper laminates.
Rising disposable income and urbanization as well as spending on infrastructure development, mainly in residential and commercial sectors, are the major driving factors for the growth of RTA furniture in the U.S. and Europe, which in turn provides impetus for the growth of the Decorative Plastic and Paper Laminates market.
According to FMI analysis, the ready-to-assemble furniture market in the U.S. and Europe is expected to grow at 5.1% and 4.8% CAGRs, respectively, over the forecast period. This significant growth in the ready to assemble furniture market in the U.S. and Europe is expected to boost the demand for decorative plastic and paper laminates during the forecast period.
Moreover, the changing consumer preference towards laminate flooring and rising construction spending in the U.S. and Europe is a major factor driving the growth of the decorative plastic and paper laminates market over the forecast period. Along with this, growing construction activities in developing regions, such as Asia-Pacific, are expected to fuel the growth of the decorative plastic and paper laminates market. Countries in Asia Pacific such as China and India, among others are expected to focus on increasing their infrastructure and construction spending during the forecast period.
APAC is one of the fastest growing markets for several industries due to the presence of countries, such as India, China, Indonesia, Philippines, and Vietnam, which are witnessing infrastructural transformation. China, the largest market for decorative plastic and paper laminates, accounts for nearly 70% of the decorative plastic and paper laminates consumption in APAC, owing to the significant construction related activities and associated spending in the country.
China is expected to maintain its dominance in the global as well as regional decorative plastic and paper laminates market over the forecast period. Moreover, China and India have witnessed a significant surge in the construction of residential and commercial spaces over the recent past. This is anticipated to create major opportunities for participants in the decorative plastic and paper laminates market.
The increasing per capita expenditure in the countries of Asia Pacific, such as China and India, is expected to boost the demand for decorative plastic and paper laminates in the near future. India is estimated to witness a healthy growth rate over the forecast period.
The India Decorative Plastic and Paper Laminates market is expected to witness significant growth due to the strong construction industry in the country. As per the reports of WTTC, the construction sector contributed about 13% to the Indian economy in 2016 and is expected to grow at a decent pace in the coming years.
The country is reported to have built around 7 Million houses since 2015, out of which 24% of the houses were built under government initiatives and schemes. Moreover, the growth of the construction industry is expected to provide lucrative opportunities for the growth of the decorative plastic and paper laminates market in India.
Principal Consultant
Over the recent past, major key manufacturers of decorative plastic and paper laminates have been focusing on enhancing their products offerings with an aim to capture a wider customer base in developed countries such as the U.S., Germany, the U.K., France and Italy, among others. For the same, companies are establishing new printing techniques and innovating new textures. This increase in product portfolio is expected to create opportunities for the growth of the decorative plastic and paper laminates market during the forecast period
Some of the players reported in this study on the global decorative plastic and paper laminates market include Archidply Industries Ltd, OMNOVA Solutions Inc., Illinois Tool Works, Inc., Fletcher Building Limited, Greenlam Industries Ltd., Stylam Industries Ltd, Merino Group, Panolam Industries International, Inc., OMNOVA Solutions Inc., Illinois Tool Works, Inc. and Century Plyboards (India) Limited, among others.
Moreover, manufacturers of Decorative Plastic and Paper Laminates are channelizing efforts towards the expansion of their production capacities and strengthening their retailer and distributor network. This is expected to certainly impact the Decorative Plastic and Paper Laminates market in the near future.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
By Type
By Application
By End Use
By Region
The decorative plastic and paper laminates market is predicted to grow at 5.5% CAGR through 2032.
Asia Pacific decorative plastic and paper laminates holds the highest revenue potential.
The decorative plastic and paper laminates is expected to surpass US$ 139.66 Mn by 2032.
The decorative plastic and paper laminates market size is anticipated to be over US$ 81.76 Mn in 2022.
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Background
3.1. Macro-Economic Factors
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunity Analysis
3.3. Value Chain
3.4. Porter’s Analysis
3.5. Manufacturing Process Overview
3.6. Forecast Factors – Relevance & Impact
4. Market Forecast
4.1. Market Volume Projections
4.2. Pricing Analysis
4.3. Market Size Projections
5. Global Decorative Plastic and Paper Laminates Market Analysis By Type
5.1. Introduction
5.2. Historical Market Size and Volume Analysis By Type, 2013 – 2017
5.3. Market Size and Volume Forecast By Type, 2018 – 2026
5.3.1. High Pressure
5.3.2. Low Pressure
5.3.3. Edge Banding
5.4. Market Attractiveness Analysis By Type
6. Global Decorative Plastic and Paper Laminates Market Analysis By Application
6.1. Introduction
6.2. Historical Market Size and Volume Analysis By Application, 2013 – 2017
6.3. Market Size and Volume Forecast By Application, 2018 – 2026
6.3.1. Furniture
6.3.2. Doors
6.3.3. Flooring
6.3.4. Wall Paneling
6.3.5. Column Claddings
6.4. Market Attractiveness Analysis By Application
7. Global Decorative Plastic and Paper Laminates Market Analysis By End Use
7.1. Introduction
7.2. Historical Market Size and Volume Analysis By End Use, 2013 – 2017
7.3. Market Size and Volume Forecast By End Use, 2018 – 2026
7.3.1. Residential
7.3.2. Commercial
7.3.3. Institutional
7.4. Market Attractiveness Analysis By End Use
8. Global Decorative Plastic and Paper Laminates Market Analysis By Region
8.1. Introduction
8.1.1. Market Value Share Analysis By Region
8.1.2. Y-o-Y Growth Analysis By Region
8.2. Historical Market Size and Volume Analysis By Region 2013 – 2017
8.3. Market Size and Volume Forecast By Region 2018 – 2026
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. SEA and Other APAC
8.3.6. China
8.3.7. Japan
8.3.8. India
8.3.9. MEA
8.4. Market Attractiveness Analysis By Region
9. Global Supply Demand Analysis
10. North America Decorative Plastic and Paper Laminates Market Analysis
10.1. Introduction
10.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
10.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
10.3.1. By Country
10.3.1.1. U.S.
10.3.1.2. Canada
10.3.2. By Type
10.3.3. By Application
10.3.4. By End Use
11. Latin America Decorative Plastic and Paper Laminates Market Analysis
11.1. Introduction
11.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
11.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
11.3.1. By Country
11.3.1.1. Brazil
11.3.1.2. Mexico
11.3.1.3. Rest of Latin America
11.3.2. By Type
11.3.3. By Application
11.3.4. By End Use
11.4. Market Attractiveness Analysis
12. Western Europe Decorative Plastic and Paper Laminates Market Analysis
12.1. Introduction
12.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
12.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
12.3.1. By Country
12.3.1.1. Germany
12.3.1.2. Italy
12.3.1.3. France
12.3.1.4. U.K.
12.3.1.5. Spain
12.3.1.6. Rest of Western Europe
12.3.2. By Type
12.3.3. By Application
12.3.4. By End Use
12.4. Market Attractiveness Analysis
13. Eastern Europe Decorative Plastic and Paper Laminates Market Analysis
13.1. Introduction
13.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
13.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
13.3.1. By Country
13.3.1.1. Russia
13.3.1.2. Poland
13.3.1.3. Rest of Eastern Europe
13.3.2. By Type
13.3.3. By Application
13.3.4. By End Use
13.4. Market Attractiveness Analysis
14. South East Asia & Pacific Decorative Plastic and Paper Laminates Market Analysis
14.1. Introduction
14.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
14.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
14.3.1. By Country
14.3.1.1. ASEAN
14.3.1.2. ANZ
14.3.1.3. South Korea
14.3.1.4. Rest of SEA & Pacific
14.3.2. By Type
14.3.3. By Application
14.3.4. By End Use
14.4. Market Attractiveness Analysis
15. China Decorative Plastic and Paper Laminates Market Analysis
15.1. Introduction
15.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
15.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
15.3.1. By Type
15.3.2. By Application
15.3.3. By End Use
15.4. Market Attractiveness Analysis
16. Japan Decorative Plastic and Paper Laminates Market Analysis
16.1. Introduction
16.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
16.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
16.3.1. By Type
16.3.2. By Application
16.3.3. By End Use
16.4. Market Attractiveness Analysis
17. India Decorative Plastic and Paper Laminates Market Analysis
17.1. Introduction
17.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
17.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
17.3.1. By Type
17.3.2. By Application
17.3.3. By End Use
17.4. Market Attractiveness Analysis
18. Middle East and Africa Decorative Plastic and Paper Laminates Market Analysis
18.1. Introduction
18.2. Historical Market Size and Volume Analysis By Market Segments, 2013 – 2017
18.3. Market Size and Volume Forecast By Market Segments, 2018 – 2026
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. Turkey
18.3.1.3. South Africa
18.3.1.4. Rest of MEA
18.3.2. By Type
18.3.3. By Application
18.3.4. By End Use
18.4. Market Attractiveness Analysis
19. Competition Landscape
19.1. Market Structure Analysis
19.2. Competitive Dashboard
19.3. Company Profiles
19.3.1. Archidply Industries Ltd
19.3.2. Greenlam Industries Ltd.
19.3.3. Fletcher Building Limited
19.3.4. Stylam Industries Ltd
19.3.5. OMNOVA Solutions Inc.
19.3.6. Illinois Tool Works, Inc.
19.3.7. Century Plyboards (India) Limited
19.3.8. Fundermax GmbH
19.3.9. Abet Laminati S.p.A.
19.3.10. Merino Group
19.3.11. Panolam Industries International, Inc.
20. Research Methodology
21. Assumption and Acronyms
Explore Chemicals & Materials Insights
View Reports
Decorative Plastic and Paper Laminates Market
