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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Laminate Flooring Market Outlook
The global laminate flooring market attained a volume of 1028.81 million sq. metres in 2023. The market is further projected to grow during the forecast period of 2024-2032 at a CAGR of 1.8% to reach a volume of 1208.03 million sq. metres by 2032.
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Based on the types, the medium density fibreboard (MDF) segment dominated the global laminate flooring market in 2020. It is made up of wood fibres that are fused with the resin or an adhesive under intense heat and pressure. Based on the sector, the commercial sector accounted for the majority of the market share in 2020. The segment growth can be accredited to the emerging demand for aesthetically appealing flooring materials coupled with the growing trend of interior decoration.
Regionally, the Asia Pacific is expected to be the largest market in 2020. The rising population and surging need for housing in emerging economies such as India and China are aiding the industry growth in the region.
Properties and Applications
Laminate flooring refers to the durable and versatile flooring solution, which is made of melamine resin and fibreboard materials. It is composed of a multi-layer, which includes wear layer, design layer, core layer, and back layer. All the layers are fused using intense heat and pressure. It is inexpensive, easy to install, and requires less maintenance, which is likely to increase the market growth.
Additionally, the upper layer of the laminate flooring uses melamine and aluminium oxide that provides the laminate board moisture resistance and scratch-free surface. Furthermore, with a wide range of dimensions, it is increasingly being adopted to replicate different surfaces such as stones, tiles, and wood, among others.
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The major types of the product in the industry are:
- HDF Laminates
- MDF Laminates
The industry can be broadly segmented on the basis of the sector segment into:
- Residential
- Commercial
The EMR report looks into the regional markets of the product like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
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Market Analysis
Laminate flooring reduces the requirement for skilled labour, is easy to install, and is relatively inexpensive as compared to engineered wood, stone floor coverings, and solid hardwood. These favourable properties are supporting the growth of the global laminate flooring market. The rising population, increasing construction activities, and improved lifestyles have led to a rise in the demand for modern housing, particularly in developing countries, which, in turn, have considerably contributed to the growth of the market. The mounting construction activities, increasing investments in the real estate sector, and the escalating demand for wood-based flooring materials have also stimulated the growth of the market globally. Moreover, advanced features such as custom prints and designs, better wear layers, high-quality visuals, and improved chemical resistance are also anticipated to fuel the demand for laminate flooring across the globe. Consequently, advancements in printing and designing technologies are expected to stimulate the demand for the product across the globe.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global laminate flooring market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Mohawk Industries, Inc.
- Tarkett
- AFI Licensing LLC
- Shaw Industries Group, Inc.
- Mannington Mills, Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Sector |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Laminate Flooring Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global laminate flooring market attained a volume of nearly 1028.81 million sq. metres.
The market is projected to grow at a CAGR of 1.8% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about 1208.03 million sq. metres by 2032.
The major market drivers include the growing demand for housing, particularly in emerging economies, rising disposable incomes, increasing population, rising demand for affordable and aesthetically appealing flooring materials, and growing technological advancements and innovations.
The growing focus on interior decoration, increasing investments in the real-estate sector, and advancements in printing and designing technology are the key trends guiding the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
HDF laminates and MDF laminates are the major types of laminate flooring.
The significant sectors considered in the market report include residential and commercial.
The major market players include Mohawk Industries, Tarkett, AFI Licensing LLC, Shaw Industries Group, Inc., and Mannington Mills, Inc., among others.
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