North America Decorative Laminates Market Outlook, 2029
The North America Decorative Laminates Market is segmented into By Application (Flooring, Furniture & Cabinets and Wall Panels), By Product (Low-pressure Laminates and High-pressure Laminates), By Texture (Glossy and Matte/Suede) and By End User (Residential and Commercial).
- Bonafide Research
- 31-03-2024
- Pages : 80
- Figures : 12
- Tables : 26
- Region : North America
- Category : Manufacturing & Industry
- Construction & Building Materials
The North America Decorative Laminates market was valued more than USD 11 Billion in 2023 due to renovation projects stimulate market demand.
- Historical Period2018-2023
- Base Year2023
- Forecast Period2024-2029
- Market Size (2023) USD 11 Billion
- Largest MarketUnited States
- Fastest Market United States
- Format
Featured Companies
- 1. Mohawk Industries Inc.
- 2. Shaw Industries Group, Inc.
- 3. Tarkett S.A.
- 4. Beaulieu International Group
- 5. Armstrong Flooring, Inc.
- 6. Steelcase Inc.
- More...
Decorative Laminates Market Market Analysis
North America is a thriving powerhouse of innovation and flair, and the decorative laminates industry exemplifies this combination. North America's decorative laminate market has grown and evolved dramatically in recent years, owing to the region's dynamic consumer preferences and desire for trend-setting designs. The North American decorative laminates industry has grown significantly due to a variety of factors. One of the key drivers is the growing need for visually beautiful and long-lasting surfacing solutions in the residential, commercial, and industrial sectors. Decorative laminates provide a wide range of alternatives for various applications, such as furniture, flooring, cabinetry, and wall paneling. Furthermore, the industry has been boosted by technical breakthroughs that have improved the quality and performance of laminates. Innovations in digital printing technology have enabled manufacturers to replicate natural textures and patterns with stunning accuracy, providing consumers with an extensive array of design choices. Sustainability has emerged as another major trend influencing the market landscape. With customers becoming more environmentally concerned, there is a growing trend for eco-friendly laminates created from recycled or certified sustainable resources. Manufacturers are reacting to this need by integrating sustainable practices into their manufacturing processes and providing environmentally responsible product lines. The decorative laminates market in North America is dominated by the United States and Canada, which account for the vast majority of regional consumption. The United States, in particular, has a strong building industry and a burgeoning interior design sector, which drives significant demand for ornamental surface materials. Consumer tastes in North America have a significant impact on design trends in the decorative laminates industry. While there are a variety of designs and motifs preferred by consumers, certain overarching trends have gained prominence in recent years. According to the research report "North America Decorative Laminates Market Outlook, 2029," published by Bonafide Research, the North America Decorative Laminates market was valued more than USD 11 Billion in 2023. Contemporary minimalism, defined by clean lines, neutral color palettes, and sleek finishes, is a perennial favourite among both homeowners and interior designers. Decorative laminates with matte surfaces and subtle textures enhance this look, offering depth and visual appeal to modern spaces. On the other hand, natural features and organic textures are becoming increasingly popular in interior design. Woodgrain laminates, in particular, have seen a comeback in popularity, allowing homeowners to bring the warmth and beauty of natural wood into their homes without the related upkeep. Furthermore, there is an increasing demand for high-gloss laminates, which add a sense of richness and sophistication to interiors. These glossy surfaces are favored for their ability to reflect light, creating an illusion of space and airiness in smaller rooms. North America is home to several creative manufacturing hubs that specialize in decorative laminate production. North Carolina, Indiana, and Texas in the United States, as well as Ontario and Quebec in Canada, are home to various facilities that manufacture a wide range of laminates to meet the diverse needs of consumers. Sustainability is a major priority in the North American decorative laminates sector, driven by consumer demand for environmentally friendly products. To address this increased demand, several regional firms have implemented sustainable methods such as employing recycled materials, procuring from certified forests, and lowering carbon footprints. North America leads the laminates industry in terms of technological innovation. The region boasts cutting-edge manufacturing technologies and processes that enable the production of high-quality laminates with intricate designs, realistic textures, and superior durability. Digital printing, in particular, has revolutionized the industry by allowing for precise replication of natural materials like wood, stone, and metal.
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Download SampleMarket Dynamic
Major Drivers Growing construction and renovation activities: The North American decorative laminate market is driven by a strong building industry and a constant stream of rehabilitation projects. With urbanization on the rise and a growing population, demand for residential, commercial, and infrastructure development remains high. Decorative laminates are essential to these projects since they provide varied surfacing alternatives for floors, walls, furniture, and fittings. As construction activity increases, demand for laminates as cost-effective and aesthetically pleasing materials is predicted to skyrocket, propelling market expansion. Changing consumer preferences and design trends: The North American decorative laminates industry is heavily influenced by shifting consumer tastes and design trends. Consumers value modern aesthetics, sustainability, and versatility; therefore, they look for laminates that have both visual appeal and functional benefits. Design trends like contemporary minimalism, natural textures, and high-gloss finishes influence the market for specific laminate kinds. Furthermore, rising environmental consciousness among customers drives a preference for eco-friendly laminates derived from renewable resources. Major Challenges Raw material price volatility: The North American decorative laminates industry has considerable challenges because of price fluctuations in raw materials such as resins, adhesives, and ornamental papers. Sudden increases in raw material costs can have a negative influence on manufacturers' profit margins, particularly those operating on narrow margins. To limit financial risks and maintain market competitiveness, this volatility must be managed effectively through supply chain management, strategic sourcing techniques, and hedging measures. Regulatory compliance and environmental concerns: Regulatory compliance and environmental issues are ongoing challenges for the decorative laminates market in North America. Stringent rules governing emissions, chemical usage, and waste disposal necessitate investments in compliance procedures and ecologically friendly manufacturing methods. Furthermore, addressing consumer demand for sustainable products entails acquiring materials from approved suppliers, using eco-friendly production procedures, and getting certifications such as LEED (Leadership in Energy and Environmental Design) to demonstrate environmental responsibility.
Decorative Laminates Market Segmentation
| By Application | Flooring | |
| Furniture & Cabinets | ||
| Wall Panels | ||
| By Product | Low-pressure Laminates | |
| High-pressure Laminates | ||
| By Texture | Glossy | |
| Matte/Suede | ||
| By End User | Residential | |
| Commercial | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
Based on product segment market includes low-pressure laminates, and high-pressure laminates. High-pressure laminates product segment is expected to lead the North America decorative laminates market. In terms of texture segment market is segmented into glossy and matte/ suede. Matte/ suede texture is projected to dominate the North America decorative laminates market. High-pressure laminates are well-known for their remarkable resilience and lifespan, making them an attractive option for both residential and commercial applications. HPLs outperform other laminates in terms of wear, impact, and moisture resistance, ensuring consumers long-term happiness. HPLs are frequently the ideal surfacing choice in high-traffic areas such as kitchens, bathrooms, and commercial spaces. High-pressure laminates have a diverse range of design options, including colors, patterns, textures, and finishes. Manufacturers can accurately reproduce the appearance of real materials such as wood, stone, and metal, allowing customers to obtain their chosen aesthetic without the cost or care requirements associated with actual materials. HPLs are versatile and ideal for a variety of design styles and applications, catering to the preferences of a broad consumer base. Matte and suede textures have a sleek and sophisticated appearance that fits with current design trends. These textures give laminates a delicate elegance and tactile touch, bringing depth and dimension to surfaces without overpowering the overall design. In an era when minimalist and subtle aesthetics are more popular, matte and suede textures offer a varied canvas for creating sleek and contemporary homes. Matte and suede textures have a timeless elegance that transcends passing design trends, making them appropriate for a variety of design styles and applications. Matte and suede laminates, whether utilized in residential or commercial settings, emanate a refined and understated sophistication that appeals to a wide range of people. Their adaptability allows them to complement many design components and color palettes, providing designers and homeowners with endless possibilities for creating visually appealing spaces. Based on application segment market is divided into flooring, furniture & cabinets and wall panels. Furniture and cabinets application is expected to lead the North America decorative laminates market. In terms of end user segment market includes residential and commercial. Residential are expected to remain major end user of North America decorative laminates market. Furniture and cabinets are essential components of residential, commercial, and industrial spaces, fulfilling both utilitarian and aesthetic needs. In the home, laminates are utilized for kitchen cabinets, bedroom wardrobes, living room entertainment units, and dining room furnishings. Laminates are used in commercial applications such as office desks, conference tables, shop displays, and hotel room furniture. Decorative laminates versatility allows them to be used in a variety of furniture and cabinet applications, resulting in widespread adoption across industries. Decorative laminates provide a wide range of design options, such as colors, patterns, textures, and finishes, allowing customers to personalize furniture and cabinets based on their tastes and design sensibility. Whether replicating the look of natural materials like wood, stone, or metal or embracing contemporary designs with bold colors and geometric patterns, laminates provide flexibility and versatility in design, catering to diverse consumer tastes and style preferences. The residential sector accounts for a considerable share of North America's furniture and cabinet business. With a growing population and urbanization, there is an ongoing need for furniture components such as tables, chairs, cabinets, and wardrobes to adorn dwellings. Decorative laminates are popular in many applications because of their versatility, durability, and aesthetic appeal. North America's housing stock is mature, with many homeowners electing to upgrade their interiors through renovation and remodelling projects. Decorative laminates provide a low-cost solution for updating furniture and cabinets, allowing homeowners to get a new look without having to replace entire items. Laminates are an appealing choice for both DIY enthusiasts and professional contractors due to their simplicity of installation and diverse design options.
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Decorative Laminates Market Market Regional Insights
Based on report market includes three major countries including United States, Canada and Mexico. United States is expected to dominate the North America decorative laminates market. The United States is the largest economy in North America, with significant consumer spending and strong industrial sectors fueling demand for decorative laminates. The country's solid economic fundamentals, which include stable GDP growth, low unemployment rates, and good business circumstances, foster market expansion and investment in interior design and restoration projects. The United States is home to a number of creative businesses with superior production capabilities in the decorative laminates industry. These companies use cutting-edge technology, such as digital printing and surface texturing, to create high-quality laminates with realistic designs and increased durability, appealing to a wide range of consumer preferences and market demands. The United States has a wide range of customer tastes and design trends, including contemporary minimalism, classics, and eclectic designs. Decorative laminates offer a versatile solution to meet these varied preferences, providing an extensive range of colors, patterns, and textures suitable for residential, commercial, and industrial applications across the country. The United States benefits from well-established distribution networks, which include retail channels, wholesalers, and e-commerce platforms, making decorative laminates widely available to consumers across the country. These effective distribution systems assure product accessibility and timely delivery, reinforcing the country's market dominance. The United States is well-known for its culture of innovation and investment in R&D. In the decorative laminates sector, American companies are always pushing the boundaries of design, materials, and manufacturing processes. This drive for innovation allows them to remain at the forefront of the market, providing new products and technology to match changing consumer wants and tastes.
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Key Development
Companies Mentioned
- Mohawk Industries Inc.
- Shaw Industries Group, Inc.
- Tarkett S.A.
- Beaulieu International Group
- Armstrong Flooring, Inc.
- Steelcase Inc.
- Century Plyboards Ltd.
- Kronospan
- Greenlam Industries Ltd
- OMNOVA Solutions Inc.
- Formica Group
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Decorative Laminates Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Geography
- 5.4. Market Size and Forecast, By Product
- 5.5. Market Size and Forecast, By Texture
- 5.6. Market Size and Forecast, By Application
- 5.7. Market Size and Forecast, By End User
- 6. North America Decorative Laminates Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Product
- 6.4. Market Size and Forecast, By Texture
- 6.5. Market Size and Forecast, By Application
- 6.6. Market Size and Forecast, By End User
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. United States Decorative Laminates Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Product
- 7.8.3. Market Size and Forecast By Texture
- 7.8.4. Market Size and Forecast By Application
- 7.8.5. Market Size and Forecast By End User
- 7.9. Canada Decorative Laminates Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Product
- 7.9.3. Market Size and Forecast By Texture
- 7.9.4. Market Size and Forecast By Application
- 7.9.5. Market Size and Forecast By End User
- 7.10. Mexico Decorative Laminates Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Product
- 7.10.3. Market Size and Forecast By Texture
- 7.10.4. Market Size and Forecast By Application
- 7.10.5. Market Size and Forecast By End User
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Greenlam Industries Limited
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. OMNOVA Solutions Inc.
- 8.5.3. Formica Group
- 8.5.4. Fritz EGGER
- 8.5.5. Kronospan
- 8.5.6. Century Plyboards Ltd
- 8.5.7. Steelcase Inc
- 8.5.8. Mohawk Industries
- 8.5.9. Tarkett S.A
- 8.5.10. Shaw Industries Group, Inc.
- 8.5.11. Beaulieu International Group
- 8.5.12. Armstrong Flooring Inc.
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Decorative Laminates Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 6: Global Decorative Laminates Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 7: Global Decorative Laminates Market Size and Forecast, By Texture (2018 to 2029F) (In USD Billion)
Table 8: Global Decorative Laminates Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 9: Global Decorative Laminates Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 10: North America Decorative Laminates Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 11: North America Decorative Laminates Market Size and Forecast, By Texture (2018 to 2029F) (In USD Billion)
Table 12: North America Decorative Laminates Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: North America Decorative Laminates Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 14: Influencing Factors for Decorative Laminates Market, 2023
Table 15: United States Decorative Laminates Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 16: United States Decorative Laminates Market Size and Forecast By Texture (2018 to 2029F) (In USD Billion)
Table 17: United States Decorative Laminates Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 18: United States Decorative Laminates Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 19: Canada Decorative Laminates Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 20: Canada Decorative Laminates Market Size and Forecast By Texture (2018 to 2029F) (In USD Billion)
Table 21: Canada Decorative Laminates Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 22: Canada Decorative Laminates Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 23: Mexico Decorative Laminates Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 24: Mexico Decorative Laminates Market Size and Forecast By Texture (2018 to 2029F) (In USD Billion)
Table 25: Mexico Decorative Laminates Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 26: Mexico Decorative Laminates Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Decorative Laminates Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Decorative Laminates Market Share By Region (2023)
Figure 6: North America Decorative Laminates Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Decorative Laminates Market Share By Country (2023)
Figure 8: US Decorative Laminates Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Decorative Laminates Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Decorative Laminates Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Decorative Laminates Market
Decorative Laminates Market Market Research FAQs
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