Market Insight:
The market potential for decorative laminates
has developed rapidly in the past few years to an excellent level. Market
Research Future which concentrates on market reports associated to the
construction sector amongst others lately published a report on this industry.
The industry for laminates is anticipated to showcase a period of unfaltering
growth with an enviable CAGR per cent in the forecast period.
Laminates are considered a cost-effective
option in terms of interior decoration as they are relatively easy to use and
are available in a large range of varieties. Growing levels of investment in
real estate have subsequently fuelled the growth in the construction sector.
This trend has been extremely conducive to the growth of the industry for
decorative laminates. Ever-changing consumer interests have led to the
development of diverse product varieties in the market. Accelerated pace of
research and development activities have led to improvement of product quality
and integration of new technology process in the products.
Global Competitive
Analysis
The competition in the market is increasing
dramatically because of the companies trying to consolidate their market share
to a considerable size. Through useful employment of their chief resources,
growth changes can be initiated. The growth
attitude in the market has enabled trends which will positively lead to the
development of the market and are markedly volume driven. An improvement in
product forms and the sector’s substantial revolution owing to the fast growth
pace has led to utilization of many plus points. The industry’s long-term
growth can be ensured by constantly ensuring continuing process developments
and supporting financial fluidity to expend on the best strategies when they
are available.
·
Kronospan
Holdings Limited
·
Kingboard
Laminates Holdings Limited
·
Advanced
Technology Inc.
·
FunderMax
·
ronotex
GmbH & Co.
Industry Updates:
Feb 2018 ATI Decorative Laminates have
recently introduced more features and technology to their light-emitting and
multi – layered laminate. The product called LumiSplash is one of the
first ultra-thin and lighted laminates system and has no air gap required for
LEDs.
Industry Segments
The market for Decorative
Laminates Market is divided into certain categories. On the basis of
material, the category includes vinyl, plastic, paper and others. The product
segment includes low pressure laminates, high pressure laminates, and
edgebanding. The application category includes non-residential construction and
residential construction
Detailed Regional
Analysis
The geographical spread of the decorative
laminates market includes Europe,Latin America, Asia Pacific, North America,
and the Middle East & Africa The market is growing rapidly on the global
stage owing to the factors such as bigger construction activities. The APAC
region is anticipated to continue its lead as the major market owing to the
development in the construction industry and shifting lifestyle trends along
with the inclination of the people. The growth in population levels as well as
fluctuating preferences in terms of interior decoration in this region offer an
enormous potential for infrastructure development.
Dec 2017 ITC Ltd. is investing Rs 200 crore
to boost the capability of its manufacturing facility for decorative paper in
West Bengal. The investment is expected to boost the capacity for the
manufacturing of specialized decorative paper for laminates in the factory. ITC
has been in the industry for décor paper for a relatively long period of time
and is now spending on this advanced technology for extending the décor paper
production capability to develop its value.
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