Decorative Laminates Market

Decorative Laminates Market

Decorative Laminates Market Forecasts to 2028 - Global Analysis By Type (General Purpose, Special Products, Backer and Post forming), Product Type (High Pressure Laminates, Low Pressure Laminates and Other Product Types), Resin Material (Phenolic, Melamine, Polyester, Silicone and Other Resin Materials), By Raw Material (Plastic resins, Overlays, Adhesives and Wood substrate), Application (Wall Panel, Flooring, Furniture and Cabinets and Other Applications), End User (Residential, Commercial, Transportation and Automotive) and Geography

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4.6 (34 reviews)
Published: 2023 ID: SMRC22517

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $8.40 BN

Projected Year Value (2028)

US $11.59 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Decorative Laminates Market is accounted for $8.40 billion in 2022 and is expected to reach $11.59 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Decorative laminates are laminated sheets that have been expressly created for use as wall panelling, flooring, or surface materials for furniture. Brown kraft papers are combined with beautiful printed patterns to create the laminates under pressure and heat. Due to their strength, affordability, long shelf-life, and enhanced aesthetic value, decorative laminates are favoured over veneers, paints, and coatings. They are primarily utilised for furnishing and safeguarding flooring, cabinets, walls, and other items.

According to an article by World Paper Mill Organization, the global Kraft Paper market will grow from US$ 15.6 billion in 2019 to around US$ 19 billion in 2025. Thus, due to an increase in the growth of the kraft paper for the production of high-pressure laminates, there will be increased growth of the decorative laminates market in the forecast period.

Market Dynamics:


Growing population and increasing awareness of hygiene among consumers

The global market for decorative laminates is currently expanding as a result of a number of factors, including the expanding population, rising hygiene awareness among consumers, value addition, and rising demand from emerging economies. Use of bar soap is rising, mainly among those who work in hazardous environments including factories, mines, and construction sites. The market for decorative laminates has been a major contributor to market expansion because of customers' rising disposable income and increased emphasis on maintaining good cleanliness. The robust performance of bar soap and the incorporation of skin-improving and moisturising advantages are the main factors influencing the overall development of the decorative laminates market.


Volatile raw material prices and artificial look of laminates

The expansion of the market is anticipated to be hampered by the fluctuation in the price of the raw materials used to make laminates. Due to their high pH, decorative laminates can result in dry, parched skin. Moreover, laminates' artificial appearance is affecting product sales. Therefore, businesses should raise awareness about laminates that are resistant to heat, water, and scratches, which mitigate their drawbacks.


Increasing global demand for bakery products

The demand for baked goods and bakery products is rising in the modern world. For many consumers in Europe, North America, and South America, white bread is a staple food. White bread consumption is also increasing in the Middle East and Asia-Pacific region. The middle class' adoption of a contemporary lifestyle has boosted demand for high-end bakery goods like cakes, pies, cookies, and pizza. The demand for bread is also rising as a result of other fast-food dishes like burgers and sandwiches. Such factors are fueling the segment's growth.


Availability of Substitutes such as large format printing

Large-format inkjet printing is growing more popular and is currently taking the place of decorative laminates. This is due to the possibility of cracking with ornamental laminates. This is because they expand and contract as a result of variations in the weather and moisture levels, which causes cracks in the laminate. Large format printing is available in a wide selection of designs and is essentially identical to decorative laminates. In contrast to decorative laminates, big format printing does not require the use of specific adhesives like resins, making it more affordable. Such occurrences are restricting market expansion.

Covid-19 Impact:

Due to shutdown caused by the COVID-19 epidemic, the production of several ornamental laminate components had been stopped. Residential and business consumers first cut back on their expenditure on a variety of decorative laminate applications as a result of the economic recession. The development in the culture of working from home, however, had a favourable impact on the demand for domestic furnishings when the initial lockdowns were lifted.

The Phenolic segment is expected to be the largest during the forecast period

During the forecast period, phenolic segment is anticipated to hold the highest market share. When making decorative laminates, phenolic resins are utilised to saturate the kraft paper. As a result of major phenol-producing enterprises increasing their production capacity, phenol resin production will rise. In addition, the phenolic resin used in decorative laminates serves as a superior adhesive for decorative laminates used as edge binding on cabinets, table tops, and other surfaces. As a result, phenolic resin will be used more frequently in the creation of decorative laminates due to increasing phenolic resin production.

The Wall panel segment is expected to have the highest CAGR during the forecast period

Wall panel is expected to witness lucrative growth during the forecast period. Because decorative laminates draw attention to the walls and add aesthetic appeal, they are frequently used in wall panels, particularly in residential construction. For wall panels, businesses have developed a wide range of decorative laminates. Additionally, the demand for wall panels will rise due to residential development projects that aim to give the interiors of housing infrastructures an appealing appearance.

Region with largest share:

Due to the rise in residential construction projects, Asia Pacific holds the largest share throughout the forecast period. It is expected that rising home construction initiatives and plans in nations like China, India, Singapore, and others will increase demand for wall panels, cabinets, tabletops, and other items. In these nations, a number of government initiatives encourage residential building. As a result, there will be a rise in the need for wooden table tops, cabinets, and wall panels, which will enhance the demand for decorative laminates in Asia Pacific region.

Region with highest CAGR:

Asia-Pacific is expected to register lucrative growth in the global decorative laminates market. The area profits from its industry-leading status in the production of composite wood, particularly particleboard and medium-density fiberboard (MDF), which are frequently coated with a laminate layer during production. One of the world's biggest producers of (Ready-to-assemble) RTA furniture and floor laminates is China. In addition, China's laminate board production capacity is also growing quickly. In terms of laminate demand, India leads the way. Such aspects fuel the market in this region.

Key players in the market

Some of the key players in Decorative Laminates market include Abet Laminati S.p.A., Advanced Technology, Inc., Archidply Industries Limited, Arpa Industriale S.p.A., ATI Decorative Laminates, Fletcher Building Limited, FunderMax Gmbh, Greenlam Industries Ltd, Laminex Group Pty Limited, Merino Industries Limited, Omnova Solutions Inc., Panolam Industries International, Inc., Stylam Industries Ltd, Uniboard Canada, Inc., Wilsonart International Inc and Witex Flooring Products GmbH.

Key Developments:

October 2021, Wilsonart expanded its capacity by opening a new facility in Klamath Falls, Oregon, to dilate its TFL (Thermally Fused Laminate) capacity and footprint in North America. The Oregon facility will aid in the expansion of KML and Wilsonart branded TFL products, including The LUJOTM Collection. This has helped to increase production capability on the West Coast.

In February 2022, Panolam partnered with Specialty Laminates as a supplier partner for thermally fused laminate (TFL) product lines. With the addition of Specialty Laminates, Panolam offers customers a more robust inventory and distribution channel than ever before. This partnership expands growing texture TFL programs create a larger value-added footprint in the growing TFL market in North America.

Types Covered:
• General Purpose
• Special Products
• Backer
• Post forming

Products Covered:
• High Pressure Laminates
• Low Pressure Laminates
• Other Product Types

Resin Materials Covered:
• Phenolic
• Melamine
• Polyester
• Silicone
• Other Resin Materials

Raw Materials Covered:
• Plastic resins
• Overlays
• Adhesives
• Wood substrate

Applications Covered:
• Wall Panel
• Flooring
• Furniture and Cabinets
• Other Applications

End Users Covered:
• Residential
• Commercial
• Transportation
• Automotive

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Decorative Laminates Market, By Type
5.1 Introduction
5.2 General Purpose
5.3 Special Products
5.4 Backer
5.5 Post forming

6 Global Decorative Laminates Market, By Product Type
6.1 Introduction
6.2 High Pressure Laminates
6.3 Low Pressure Laminates
6.4 Other Product Types

7 Global Decorative Laminates Market, By Resin Material
7.1 Introduction
7.2 Phenolic
7.3 Melamine
7.4 Polyester
7.5 Silicone
7.6 Other Resin Materials

8 Global Decorative Laminates Market, By Raw Material
8.1 Introduction
8.2 Plastic resins
8.3 Overlays
8.4 Adhesives
8.5 Wood substrate

9 Global Decorative Laminates Market, By Application
9.1 Introduction
9.2 Wall Panel
9.3 Flooring
9.4 Furniture and Cabinets
9.5 Other Applications

10 Global Decorative Laminates Market, By End User
10.1 Introduction
10.2 Residential
10.3 Commercial
10.4 Transportation
10.5 Automotive

11 Global Decorative Laminates Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Abet Laminati S.p.A.
13.2 Advanced Technology, Inc.
13.3 Archidply Industries Limited
13.4 Arpa Industriale S.p.A.
13.5 ATI Decorative Laminates
13.6 Fletcher Building Limited
13.7 FunderMax Gmbh
13.8 Greenlam Industries Ltd
13.9 Laminex Group Pty Limited
13.10 Merino Industries Limited
13.11 Omnova Solutions Inc.
13.12 Panolam Industries International, Inc.
13.13 Stylam Industries Ltd
13.14 Uniboard Canada, Inc.
13.15 Wilsonart International Inc
13.16 Witex Flooring Products GmbH

List of Tables
1 Global Decorative Laminates Market Outlook, By Region (2020-2028) ($MN)
2 Global Decorative Laminates Market Outlook, By Type (2020-2028) ($MN)
3 Global Decorative Laminates Market Outlook, By General Purpose (2020-2028) ($MN)
4 Global Decorative Laminates Market Outlook, By Special Products (2020-2028) ($MN)
5 Global Decorative Laminates Market Outlook, By Backer (2020-2028) ($MN)
6 Global Decorative Laminates Market Outlook, By Post forming (2020-2028) ($MN)
7 Global Decorative Laminates Market Outlook, By Product Type (2020-2028) ($MN)
8 Global Decorative Laminates Market Outlook, By High Pressure Laminates (2020-2028) ($MN)
9 Global Decorative Laminates Market Outlook, By Low Pressure Laminates (2020-2028) ($MN)
10 Global Decorative Laminates Market Outlook, By Other Product Types (2020-2028) ($MN)
11 Global Decorative Laminates Market Outlook, By Resin Material (2020-2028) ($MN)
12 Global Decorative Laminates Market Outlook, By Phenolic (2020-2028) ($MN)
13 Global Decorative Laminates Market Outlook, By Melamine (2020-2028) ($MN)
14 Global Decorative Laminates Market Outlook, By Polyester (2020-2028) ($MN)
15 Global Decorative Laminates Market Outlook, By Silicone (2020-2028) ($MN)
16 Global Decorative Laminates Market Outlook, By Other Resin Materials (2020-2028) ($MN)
17 Global Decorative Laminates Market Outlook, By Raw Material (2020-2028) ($MN)
18 Global Decorative Laminates Market Outlook, By Plastic resins (2020-2028) ($MN)
19 Global Decorative Laminates Market Outlook, By Overlays (2020-2028) ($MN)
20 Global Decorative Laminates Market Outlook, By Adhesives (2020-2028) ($MN)
21 Global Decorative Laminates Market Outlook, By Wood substrate (2020-2028) ($MN)
22 Global Decorative Laminates Market Outlook, By Application (2020-2028) ($MN)
23 Global Decorative Laminates Market Outlook, By Wall Panel (2020-2028) ($MN)
24 Global Decorative Laminates Market Outlook, By Flooring (2020-2028) ($MN)
25 Global Decorative Laminates Market Outlook, By Furniture and Cabinets (2020-2028) ($MN)
26 Global Decorative Laminates Market Outlook, By Other Applications (2020-2028) ($MN)
27 Global Decorative Laminates Market Outlook, By End User (2020-2028) ($MN)
28 Global Decorative Laminates Market Outlook, By Residential (2020-2028) ($MN)
29 Global Decorative Laminates Market Outlook, By Commercial (2020-2028) ($MN)
30 Global Decorative Laminates Market Outlook, By Transportation (2020-2028) ($MN)
31 Global Decorative Laminates Market Outlook, By Automotive (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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