Decorative Laminates Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
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Decorative Laminates Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
" The Global Decorative Laminates Market size may exceed 12 billion meter squares by 2024 , growing at a CAGR above 5.5 % during the forecast period ."
The global Decorative Laminates Market size is anticipated to exceed 12 billion square meters by 2024 . It can register a CAGR above 5.5 % from 2016 to 2024 ( forecast period ). Decorative laminates not only provide a beautiful finish to surfaces but also enhance their lifespan . Consumers are exposed to a broad range of decorative laminates nowadays . They are available in various designs , textures , and colors . They protect furniture surfaces from wear & tear , fire , and scratches . Melamine , phenol , formaldehyde , methanol , kraft paper , and base paper among others are some of the main raw materials used in the manufacture of these laminates .
Demand is driven by low installation costs and low maintenance costs . Consumers these days show greater preference for decorative laminates over wooden floorings . Also , rising income levels coupled with the trend of home renovations & interior decoration can propel the global Decorative Laminates Market in the forthcoming years . The trend of designer interiors in indoor sports clubs , gyms , and convention centers could create opportunities for further growth . Stiff competition and the availability of affordable substitutes can hamper overall demand for decorative laminates .
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