Decorative Laminates Market in the US 2018-2022 | Product Innovations and New Designs to Boost Demand | Technavio

Technavio has published a new market research report on the decorative laminates market in the US from 2018-2022. (Graphic: Business Wire)

LONDON--()--The decorative laminates market in the US 2018-2022 is expected to post a CAGR of close to 3% during the forecast period, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the product innovations and new designs. The demand for decorative laminates is gaining momentum in the US, led by the advancements in technology and rise in innovations. Along with technological advancements, production techniques are also improving to support the new upcoming patterns and designs such as metal surfaces, gloss, and three-dimensional surfaces.

This market research report on the decorative laminates market in the US 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the growing adoption of RTA floorings and furniture cabinets as one of the key emerging trends in the decorative laminates market in the US:

Decorative laminates market in the US: Growing adoption of RTA floorings and furniture cabinets

The growing adoption of RTA flooring along with furniture cabinets drive the demand for HPLs. HPLs are used on various horizontal surfaces, including flooring and countertops. Due to the advanced performance characteristics such as long-term durability and greater resistance to scratches, the demand will increase for HPL during the forecast period.

“HPLs are considered as the most durable decorative surface materials and have properties such as chemical, fire, and wear resistance. They are mainly used in high-traffic areas such as office furniture, healthcare, hospitality, commercial interiors, retail casework, and educational facilities. They are also considered among the most hygienic materials,” says a senior market research analyst at Technavio.

Decorative laminates market in the US: Segmentation analysis

This market research report segments the decorative laminates market in the US by application (furniture and cabinets, flooring, wall panels, and others) and product (LPL, HPL, and edge banding).

Among various product segments, the LPL segment occupied the maximum share of more than 79%. This segment is expected to continue to dominate the market during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The decorative laminates market in the US 2018-2022 is expected to post a CAGR of close to 3% during the forecast period, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com