Decorative Laminates Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“Globally, the market is predicted to generate massive
revenue over next seven years, providing numerous
opportunities for market players to invest for research
and development in the decorative laminates market.”
The global decorative laminates market is expected to display higher growth rate over the next seven years.
The market is subject to witness a substantial growth due to the growing construction activities, rapid
urbanization, increasing population and growing infrastructural spending by both developing and developed
economies across the globe. Growing constructional activities like in shopping malls and business parks the
developing economies across the Asia Pacific region such as India, China, Malaysia, Thailand and Singapore are
expected drive the growth of decorative laminates market in the upcoming years.
Growing demand of decorative laminates from housing market is credited to booming buildings & construction
industry, thus driving market growth over the forecast period. Additionally, increasing benefits of decorative
laminates over traditional materials such as metal, wood, and plastic are expected to fuel the growth of the
market in upcoming years. Globally, the market is predicted to generate massive revenue over next seven years,
providing numerous opportunities for market players to invest for research and development in the decorative
laminates market.
Increasing demand for decorative laminates from building & construction industry owing to benefits associated
with its use such as higher durability and attractive appearances of the surfaces are expected to influence
market growth over the forecast period. Additionally, decorative laminates also provides protection against
harsh weather and external environmental factors such as ultra-violet radiation, high temperatures, acid rain,
and pollution particles. These factors are predicted to boost market demand for decorative laminates during
the forecast period.
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