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Decorative Plastics and Paper Laminates Market: By Product, By Application and Geography
Decorative Plastics and Paper Laminates Market: By Product, By Application and Geography
Decorative Plastics and Paper Laminates Market size was valued at US$ 69.4 billion in 2022 It is growing at a CAGR of 5.7% from 2023 to 2029. The global market provides a detailed overview of the global decorative plastics and paper laminates market, and that can be segmented by product, and by application. By product, the global decorative plastics and paper laminates market has been segmented into Low Pressure Decorative Plastic and Paper Laminates and High-Pressure Decorative Plastic and Paper Laminates. The Low-Pressure Decorative Plastic and Paper Laminates segment is likely to be the largest and fastest-growing segment in terms of type. The Low-Pressure Decorative Plastic and Paper Laminates segment has various applications in wall, panels, flooring, cabinets, and furniture sector as it is stable under extreme temperature. Based on application, the global decorative plastics and paper laminates market is segmented into Residential, Commercial, and Others. Among these, the Residential segment is expected to have the fastest-growing market during the forecast period 2023-2029 according to precession business insights. It is attributed to the growth in construction and building in the residential sector. Decorative laminates are laminated sheets made of kraft papers and decorative printed papers, which are fused together with the help of variable pressure and heat. They are the surface materials used to protect and improve the aesthetics of engineered wood. Generally, decorative plastic and paper laminates are used in the construction of cabinets, countertops, flooring and furniture, among other products. Hence, it is widely used in construction industry especially in the emerging countries like India. The rapid urbanization and increasing disposable income, changing lifestyle, increasing commercial spaces in developing regions, growth of furniture industry and accepting new manufacturing technologies and providing new and innovative products are driving the global market growth.
Study Period
2024-2030Base Year
2023CAGR
5.7%Largest Market
Asia PacificFastest Growing Market
North America
Growing construction industry, increasing disposable income, changing lifestyle, increasing commercial spaces in developing regions are anticipated to propel the market growth over the forecast years.
By region, the North America is expected to witness the highest market share during the forecast period it holds a tremendous potential market for global decorative plastics and paper laminates.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 69.4 billion |
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Market CAGR |
5.7% |
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By Product |
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By Application |
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By Region |
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The fastest-growing segment of the global decorative plastics and paper laminates market is Low paper decorative plastics due to high demand in various industry.
The global manufacturers of decorative plastic and paper laminates are enhancing their products portfolio to capture a wider customer base in developed countries.
The changing consumer preference towards laminate flooring is the key opportunity in the global market.
Rising construction activities in emerging countries in Asia Pacific region is boosting the market growth due to various applications and wide usage of decorative paper and plastic laminates.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.