Global Decorative Plastic and PaperLaminates Market: Overview
DecorativePlastic and Paper Laminates Market registered steady growth in the last fewyears and promises a higher growth during the forecast period. Decorativelaminates are a combination of kraft paper sheets and printed decorativepapers, which are merged together using a thermosetting process. Decorativelaminates are made using resins, which provide it with the highly sought afterwater-resistant quality. This USP, which it shares with decorative plastic, ismainly responsible for driving demand in the globaldecorative plastic and paper laminates market.
Bothdecorative plastic and paper laminates are finding a range of uses. Decorativelaminates, for example, act as surface covers which protect and improve theaesthetics of processed wood. In fact, they are a common sight at posh studioapartments, high-end restaurants and corporate offices. Decorativelaminates are also commonly found in home kitchens, where it not only adds tothe decorum of the establishment, but also provides resistance to stains,scratches, and heat.
Global Decorative Plastic and Paper Laminates Market: Key Trends
The globaldecorative plastic and paper laminates market has shown a steady growth in therecent past and is expected to pursue an above average growth trajectory duringthe forecast period. The decorative plastic and paper laminates is expected togrow hand-in-hand with the increasing demand for RTA (ready-to-assemble)furniture.
RTAfurniture has become a necessity in recent times. Increasing competition andhectic lifestyles has driven up the popularity of furniture that can beassembled at a moment’s notice. Additionally, the inclusion of decorativeplastic and paper laminates provide wear and tear to aesthetically pleasingfurniture, which adds an essential protective value to personal and corporatefurniture setups.
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Increasinglyfast paced urban life is also changing consumption patterns towards laminatedflooring in newly constructed buildings. Laminated flooring not only provides acost-effective alternative in the short run, but can be revamped completelywith minimum efforts in order attain a completely new look to offices as wellas apartments.
Thedecorative plastic and paper laminate market is generally categorized intoheavy pressure laminate, low pressure laminate and edge banding. Among them,the heavy pressure segment is expected to register stable to robust growth asit provides additional flame, chemical resistance in busy work places like foodpreparation areas and medical offices. On the other hand, low pressure laminatesegment is also expected to register significant growth as the segment includessturdy working surfaces, which are less expensive and can be applied in a widevariety of situations to suit a budget.
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Global Decorative Plastic and Paper Laminates Market: RegionalOutlook
The globaldecorative plastic and paper laminates market is expected to registersignificant growth due to surging construction activities in several developingcountries. Hence, Asia Pacific region could emerge as a frontrunner in themarket in the next couple of years. Additionally, the market is expected to beaided by a spur in number of enterprises across the US and Europe, led byyouth-oriented startup culture is driving demand for RTA furniture andsubsequently, for the global decorative plastic and paper laminates market.Consequently, the furniture segment among the applications is likely to witnessmajor growth during the forecast period.
Global Decorative Plastic and Paper Laminates Market:Competitive Dynamics
Some ofthe prominent companies operating in the global decorative plastic and paperlaminates market are Archidply Industries Ltd, OMNOVA Solutions Inc., IllinoisTool Works, Inc., Fletcher Building Limited.
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