Global Laminate Flooring Market Expected To Reach USD 81.2 Billion Global Laminate Flooring Market Expected To Reach

Global Laminate Flooring Market Expected To Reach USD 81.2
Billion By 2020
Date: 2016-10-13
Along with the increasing demand in the new construction and home and public area
improvement sectors are considered as the key driving force for the laminate flooring market
over the forecast period 2016-2020, according to report, the Global Laminate Flooring Market
is expected to reach USD 81.2 Billion by 2020.
However the cost of Laminate Flooring is expecting rising up due to the volatile prices of wood
and other raw materials for Laminate Flooring.
In addition, stringent laws and regulations against deforestation by governments across the
globe and the consequent need of imports of raw materials have shrunk manufacturers’
profits to a large extent. Increasing concern over environmental impact has considerably
affected the wood & laminate flooring market.
Laminate flooring is primarily preferred in residential applications with residential
replacement generating significant demand. Residential new construction and commercial
sectors such as retail have increasingly adopted wood & laminate flooring solutions. Owing to
their ability to sustain high traffic, laminate flooring has witnessed a surge in demand from
commercial sectors.
Geographically, increased demand from the emerging countries such as India, China and
Southeast Asian countries are expected to open up new avenues for wood & laminate flooring
market growth over the forecast period. Changing lifestyles coupled with increasing
construction activity in Asia Pacific are expected to propel market growth in the region. Wood
flooring demand in regions experiencing perennially cold climatic regions such as the U.S.
and majority of the European countries is expected to be augmented as wood helps to
maintain warmth.
Laminate Flooring market share by region as following: