Jul 7, 2020 10:41 PM ET
iCrowd Newswire – Jul 7, 2020
Decorative Laminates are primarily used to protect furniture from physical damages like scratch, fire, wear & tear, and others. They are also capable of providing a high-quality finish with high durability, antibacterial, antifungal, and other qualities. As technology advances, the Decorative Laminates market has also seen developments in printing and texture techniques, making them more suitable for usage. Decorative Laminates are present in sheet forms extensively used for floor, wall, and furniture paneling.
Compared to traditional methods, these materials have longer life spans and are highly resistant to stains and moistures. With the expansion of building & construction activities around the globe rises, the demands for Decorative Laminates are also surging. The growing construction and renovation activities have further boosted the market due to a rise in spending powers and demands for attractive and reliable furnishing alternatives. They are of two types: low-pressure laminates produced by applying nearly 400psi pressures, and high-pressure laminates are created by applying pressures till 2,000psi.
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However, Global Decorative Laminates Market faces challenges from the unstable raw material costs, which results in varying prices of products.This report will provide a complete detail about the market trends, growth factors, drivers & restraints, opportunities, and other primary factors followed by an in-depth analysis of the major markets around the world. Global Decorative Laminates Market is anticipated to show around a 05 % annual growth rate during the survey.
The growing interest of the people from traditional to new techniques and methods boosts the market. It will empower the market in the future due to rising construction and renovation activities. The rapidly developing regions of Asia Pacific, like India and China, possess maximum potentials and possibilities in production and consumption aspects, attracting the companies from around the world, hence, boosting the market growth.
Global Decorative Laminates Market is segmented into the following categories:
Based on Types, the decorative laminates are segmented into low pressure and high-pressure laminates.
Global Decorative Laminates Market is divided into adhesives, plastic resins, wood substrate, and others based on Raw Materials.
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Global Decorative Laminates Market is characterized by flooring, furniture, wall paneling, tabletops, and others based on Uses.
Global Decorative Laminates Market is divided into residential and non-residential activities based on End-Users.
Decorative Laminates are getting a healthy response from around the world due to a rise in disposable incomes and renovation & construction activities. North America, The Asia Pacific, Europe, and the rest of the world are the major regions observed for the Global Decorative Laminates Market. In the current era, the Asia Pacific region is leading the market due to the rise in disposable incomes, rapid urbanization, incoming major market players, increasing research & development activities, demands for new & better products, and other factors. Also, this region will file the fastest growth rates. The North American region is the next largest global market due to increasing renovation activities and growing demands for these products.
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