Decorative Laminates: Sales to see a sturdy rise through 2014-2020

By: | May 28 , 2021
Decorative laminates

Decorative laminates are the used as surface materials for furniture and wall panelling to protect them from scratching, wear and tear and fire risk while increasing longevity. Decorative laminates, if they were to be categorised with respect to the usage on products, could be labelled as high-pressure laminates, low-pressure laminates and edge-banding. Furthermore, the division could also be categorised, broadly, on the end-user the market of decorative laminates: cabinets, furniture, floorings, store fixtures and others. What also makes decorative laminates the preferred choice for the users are lower maintenance and installation costs and at the same time providing their interiors and furniture with a smooth and attractive finish.

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With growth in economic conditions of the urban household, one can clearly understand the rise, then, in the living standards and amenities to maintain the same that one prefers to indulge in. This reflects on furniture and household items too. According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India medium household income increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013. This will subsequently help in increase of decorative laminates, apart from other materials.

The major companies operating in the decorative laminates market include Formica Group, FunderMax, Kingboard Laminates Holdings Limited, ronotex GmbH & Co., Kronospan Holdings Limited, Advanced Technology Inc., Armstrong World Industries Inc., Roseburg Forest Products Company, Sekisui Chemical Company Limited, SierraPine Limited, Tarkett SA, Timber Products Company, Woodcraft Industries Incorporated, OMNOVA Solutions Inc and Wilsonart International

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