REPORT DESCRIPTION
Wood and laminateforms an important part of the building and construction industry. Wood is obtained from the forestry companies and
government entities that are regulating forestry lands.Laminates are manufactured from the thermosetting resins that are cured with the
help of chemicals such as acetaldehyde. The thermosetting resins used in the manufacturing of laminates include: polyester or vinyl ester,
acrylic, and epoxy resins.
Based on product type, the wood and flooring market can be segmented into: wood and laminates. Wood product segment is further
segmented as: white oak, red oak, maple, and others. The type of wood flooring includes: deck flooring, solid wood flooring, and
engineered flooring. Engineered wood flooring is less vulnerable to shrinks and extensions that occur due to humidity and temperature
changes. The segment has gained in demand during the last few years due to advantageous properties such as dimension stability and
cost-effectiveness. Solid wood flooring held the largest share in the global wood and laminates market due to moderate prices and ease of
installation.For niche applications, softwood and hardwood flooring is used.
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Deck flooring belongs to the premium class of wood flooring due to its enhanced properties such as abrasion and scratch resistance,
dimension stability, and durability. Solid wood flooring offers products such as designs made from walnut, bamboo, and maple cork wood.
Laminate flooring is expected to gain huge demand from the commercial application segment. Applications of the wood and flooring market
include:residential, commercial, and industrial. Residential segment is expected to rise at the highest CAGR during the forecast period
globally.
Rising demand for wood and laminate flooring in the building and construction industry is expected to drive the market further. Home
improvement sector and new construction segments across the globe and specially contributing to the demand for wood and laminate
flooring in the building and construction industry. Furthermore, the technological developments that have led to product innovation are
fueling demand for wood and laminate flooring in the commercial and residential applications. Due to technological developments, do-ityourself installation techniques are being developed that have widened the application area of these type of flooring in residential
applications.