US Decorative Laminates Market Size 2024-2028
The US decorative laminates market size is forecast to increase by USD 2.98 billion at a CAGR of 7.39% between 2023 and 2028. The decorative laminates market in the US is experiencing significant growth, driven by key sectors such as the non-residential and transportation industries. Urbanization and the subsequent demand for modern, cost-effective interior solutions are major growth factors. Product innovations and new designs continue to fuel market expansion, with the backer segment witnessing particular interest. Acrylic divider panels and Deco Defender products are gaining traction due to their durability and aesthetic appeal. The transportation sector is also adopting decorative laminates for interior applications, leading to increased demand. Additionally, the rise of e-commerce and social media platforms is facilitating greater consumer access to these products. However, the market faces challenges from intense competition, particularly from unorganized players. Antibacterial laminates are an emerging trend, as consumers prioritize health and hygiene in their purchasing decisions. Overall, the decorative laminates market in the US is poised for continued growth, driven by these trends and challenges.
Decorative laminates are a popular choice for various applications due to their durability, water resistance, and ease of maintenance. The US market for decorative laminates is witnessing significant growth, driven by several factors. The demand for decorative laminates in the US is fueled by their versatility. These laminates are used in various industries, including cabinets, furniture, flooring, tabletop, countertop, wall panels, and transportation. The use of decorative laminates in these applications provides several benefits, such as water resistance, durability, microbe resistance, and ease of maintenance. Plastic resins and adhesives are essential raw materials used in the production of decorative laminates.
Additionally, wood substrates are also used in some cases to enhance the aesthetics of the laminates. General-purpose decorative laminates are widely used due to their cost-effectiveness and versatility. However, post-forming and special product decorative laminates are gaining popularity due to their unique features and applications. Decorative laminates are used extensively in the manufacturing of cabinets and furniture. These laminates offer various finishes, including textured finishes, high gloss finishes, soft finishes, and matte finishes, which cater to different customer preferences. The use of decorative laminates in the furniture industry provides several benefits, such as durability, ease of maintenance, and resistance to microbes.
In the flooring industry, decorative laminates offer several advantages, such as durability, water resistance, and ease of installation. These laminates are also used in the transportation industry for various applications, including interior panels and door trims. E-commerce and social media platforms have significantly impacted the decorative laminates market in the US. Customers can now easily browse and purchase decorative laminates online, and social media platforms provide an excellent platform for companies to showcase their products and engage with customers. Decorative laminates with antibacterial properties are gaining popularity due to the increasing concern for health and hygiene. These laminates offer several benefits, such as resistance to microbes and ease of maintenance.
Consequently, the backer segment of the decorative laminates market is also witnessing significant growth. Deco Defender products, for instance, offer superior backer technology, providing enhanced durability and resistance to impact and moisture. In conclusion, the decorative laminates market in the US is witnessing significant growth, driven by factors such as versatility, durability, water resistance, and ease of maintenance. The market is also being influenced by trends such as the increasing use of antibacterial laminates and the growing popularity of e-commerce and social media platforms. Companies in the decorative laminates industry are focusing on innovation and technology to cater to the evolving needs of customers.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Application
- Furniture and cabinets
- Flooring
- Wall panels
- Others
- Product
- LPL
- HPL
- Edgebranding
- Geography
- US
By Application Insights
The furniture and cabinets segment is estimated to witness significant growth during the forecast period. Decorative laminates have gained significant traction in the US market due to their versatility and durability. Among various applications, furniture and cabinets hold the largest market share. The construction industry's growth, driven by an increase in new residential projects, offers lucrative opportunities for decorative laminates. These laminates, made from raw materials like wood and vinyl, are known for their scratch-resistant and easy-to-clean properties.
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The furniture and cabinets segment was valued at USD 3.45 billion in 2018 and showed a gradual increase during the forecast period. Moreover, they come in a wide range of colors and textures, including those that mimic stone textures, providing an attractive decorative look for cabinets and furniture. The availability of various types, such as high pressure laminates, low pressure laminates, PVC laminates, synchronized laminates, and Sunmica laminates, caters to diverse customer preferences. This, coupled with their affordability and ease of maintenance, is expected to fuel the demand for decorative laminates in the US market during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
US Decorative Laminates Market Driver
The product innovations and new designs is notably driving the market growth. Decorative laminates, including Sunmica laminates, are manufactured using a combination of raw materials such as wood, vinyl, plastic resin, paper, melamine, and phenolic resins. The primary raw materials include wood logs for the fiber, methanol and formaldehyde as binders, and tissue paper or Kraft paper for the decorative layer. The manufacturing process involves the application of these materials under low pressure to create a durable and aesthetically pleasing product.
Also, decorative laminates are widely used in various applications, including furniture, kitchen countertops, and wall panelling, due to their resistance to moisture, heat, and impact. Plastic products, such as those made from polyvinyl chloride (PVC), are also used as base materials for laminates. Overall, the decorative laminates market is driven by the increasing demand for affordable, durable, and aesthetically pleasing materials for various applications. Thus, such factors are driving the growth of the market during the forecast period.
US Decorative Laminates Market Trends
The growing adoption of RTA floorings and furniture and cabinets is the key trend in the market. Decorative laminates, including Sunmica laminates, are manufactured using a combination of raw materials such as wood, vinyl, plastic resin, paper, melamine, and phenolic resins. The primary raw materials include wood logs for the base, tissue paper and Kraft paper for the decorative layer, and chemicals like methanol and formaldehyde for the adhesive. The manufacturing process involves the application of high heat and pressure to bond these materials together, resulting in a durable and aesthetically pleasing product.
Moreover, decorative laminates are widely used in the production of plastic products, including furniture, countertops, and wall panels. These laminates offer several advantages, such as easy maintenance, resistance to moisture and heat, and a wide range of designs and textures. The global decorative laminates market is expected to grow due to increasing demand for cost-effective and durable interior design solutions. Thus, such trends will shape the growth of the market during the forecast period.
US Decorative Laminates Market Challenge
The high competition from unorganized players is the major challenge that affects the growth of the market. Decorative laminates, including Sunmica laminates, are manufactured using various raw materials such as wood, vinyl, plastic resin, paper, melamine, and phenolic resins. The primary raw materials include wood logs, which are processed into wood chips or flakes, and chemicals like methanol and formaldehyde for the production of adhesives. Tissue paper and Kraft paper are utilized for the base material. The manufacturing process involves the application of these raw materials under low pressure to create a durable and attractive finish. Plastic products like PVC are also used in some laminates for added strength and water resistance.
However, decorative laminates are widely used in various applications due to their aesthetic appeal, durability, and ease of maintenance. They are commonly used in furniture, kitchen countertops, and wall cladding, among others. The global decorative laminates market is expected to grow significantly due to increasing demand for cost-effective and stylish interior design solutions.Hence, the above factors will impede the growth of the market during the forecast period
Exclusive Customer Landscape
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Arclin Inc.: The company offers thermally fused laminates (TFL) in various patterns and vibrant colors.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- ATI Decorative Laminates
- BMK GmbH
- Formica Corp.
- Funder America Inc.
- Laminati
- LX Hausys Ltd
- Merino Laminates Ltd.
- Olon Industries Inc.
- Panolam Industries International Inc.
- Patrick Industries Inc.
- RENOLIT SE
- Roseburg Forest Products Co.
- Rugby Acquisition LLC
- Schattdecor AG
- Synthomer Plc
- Uniboard Canada Inc.
- Wilsonart LLC
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Research Analyst Overview
Decorative laminates have gained significant popularity in the US market due to their versatility and affordability. These laminates are made using plastic resins, adhesives, and wood substrates, which provide them with the desired strength, durability, and water resistance. Decorative laminates are available in various forms, including general purpose, post forming, and special products, catering to different applications in the residential and non-residential sectors. Cabinets, furniture, flooring, tabletop, countertop, wall panels, and transportation sectors are the primary markets for decorative laminates. The transportation sector's demand for decorative laminates is driven by their lightweight, durability, and ease of maintenance properties. Urbanization and the growing trend towards modern interiors have fueled the demand for decorative laminates in the non-residential sector.
Moreover, decorative laminates come in various textures, finishes, and patterns, including acrylic divider panels, antibacterial laminates, and stone texture countertops. The market offers a wide range of options, including PVC laminates, synchronized laminates, high-pressure laminates, and low-pressure laminates. The raw materials used in the production of decorative laminates include wood, vinyl, plastic resin, paper, melamine, phenolic resins, methanol, formaldehyde, and chemicals. Decorative laminates are available in various finishes, such as textured finishes, high gloss finishes, soft finishes, and matte finishes. Scratch-resistant and waterproof laminates are also popular choices. Zero finish laminates have gained popularity due to their minimal maintenance requirements. Ecommerce and social media platforms have made it easier for consumers to purchase decorative laminates online, making them easily accessible to a wider audience.
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Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.39% |
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Market growth 2024-2028 |
USD 2.98 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.76 |
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Key companies profiled |
Arclin Inc., ATI Decorative Laminates, BMK GmbH, Formica Corp., Funder America Inc., Laminati, LX Hausys Ltd, Merino Laminates Ltd., Olon Industries Inc., Panolam Industries International Inc., Patrick Industries Inc., RENOLIT SE, Roseburg Forest Products Co., Rugby Acquisition LLC, Schattdecor AG, Synthomer Plc, Uniboard Canada Inc., and Wilsonart LLC |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles,market forecast , fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
- Growth of the market across US
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
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